Ahmedabad: Once seen struggling to raise funds, small and medium enterprises (SMEs) are fast becoming darling of investors. The growing investor confidence in SME initial public offerings (IPOs) is evident from the fact that eight such IPOs have been oversubscribed 20 times or more since January …
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NBFC start-ups in India offer quick, simple financing options to revive sick MSMEs
India has about 4.8 crore MSMEs which consequently provides employment to over 10 crore people. However, they suffer from a lack of funding support despite the government’s various attempts at financial inclusion. In order to bridge this credit gap, Lendingkart offers quick, convenient financing…
AP & Telangana vying for top honours in start-up ecosystem
Last month Andhra Pradesh’s coastal city Visakhapatnam, or Vizag, was buzzing with financial technology startups showcasing products, competing in front of various stakeholders and help ring in Chief Minister Chandrababu Naidu’s vision to make Vizag the fintech hub of India. “By…
We do not expect any returns from impact investing: Sunil Kant Munjal
Sunil Kant Munjal, the Hero Enterprises, has invested Rs 100 crore in impact investment in firm Aavishkaar’s new fund, Aavishkaar Bharat Fund. The investment, made in Munjal’s personal capacity, is part of the Rs 2,000-crore corpus that the social venture capital firm is targeting for…
SC artisans showcase unique products at Delhi exhibition
New Delhi: Palm leaf brooms and fans, patch work bed covers, bead jewellery and crochet lace dresses are some of the eye-catching items at an exhibition of Indian handicraft products here. The exhibition cum sale by the Scheduled Caste artisans and weavers is on the Handloom Haat at Janpath till …
SAP Start-up Studio onboards 16 new start-ups to its accelerator program
Bangalore: A new batch of 16 startups working on technologies such as Artificial Intelligence, Cloud, Machine Learning and IoT across various business functions will join the SAP Startup Studio accelerator program at SAP Labs India campus in Bangalore. The initial 75-seater incubator will expand …
National Entrepreneurship Network to transform Indore & Bhopal into vibrant entrepreneurial hub
New Delhi: Wadhwani Foundation’s flagship Initiative, National Entrepreneurship Network (NEN) has initiated a concerted effort to transform Indore and Bhopal regions into a model entrepreneurship ecosystem. The initiative is aimed at creating impact opportunities in emerging cities with ent…
SMEs & start-ups are sorting trash for a Swachh Bharat
In 2014, the Modi government identified cleaning up India as a national concern through the Swachh Bharat Abhiyan (Clean India Movement). Though the Clean India Movement has yet to be followed up with comprehensive policies, the initiative invigorated national attention towards finding solutions …
RBI’s ‘caution list’ fear shatters textiles exporters
Textile exporters fear that their names might figure in the Reserve Bank of India’s (RBI’s) caution list after April 20, 2017, deadline set for updating the shipping bills by banks. They have urged the banking sector regulator to remove the names of companies with a good track record …
InCred disburses Rs 100 cr loans to SME, housing segments
InCred, a non-banking finance company which began operations in February 2017, has disbursed Rs 100 crore loans to about 1000 customers in less than 100 days. “Bulk of the disbursements have happened in the housing and small business segment which is very encouraging since InCred was set up to pr…