Flipkart had recently raised $1.4 billion in its biggest fundraising round with investors including Tencent Holdings, Microsoft Corp and eBay Inc After latest fundraising round, the e-commerce firm will now be valued at $11.6 billion Homegrown e-commerce major Flipkart announced on April 12 that …
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Fintech companies taking advantage of boom in retail lending
Retail lending, the loan against property and credit cards along with unsecured small value business loans etc, has seen a boom lately. This boom has not only helped banks grow their credit portfolio but has also given a major boost to fintech companies in the lending space. Now that the banks ar…
Benow enables small merchants to accept digital payments through BHIM & UPI
The Benow digital payments platform is empowering hundreds of local merchants across Mumbai to accept hassle-free digital payments through BHIM & other UPI apps. Named as ‘BHIM-Enablement Service’, this is a cost-effective and secure method of accepting payments directly into the merchant’s b…
Startup Cricket League: The ‘IPL’ for start-ups
Kochi: That India is a cricket-crazy country is known. Seeking to connect the participants in a startup ecosystem with each other informally, SaiKiran Gunda founded Startup Cricket League (SCL) in 2015. Being part of the startup space for a few years now, SaiKiran realised the necessity of connec…
Cisco betting big on SME sector for growth, to triple customer base to 90k
IT hardware giant Cisco is betting big on India’s Small Medium Enterprises (SMEs) sector for growth. Company is looking to increase its customer base from 30,000 to 90,000 over the next three years. “We have about 30,000 SMEs customer in India and over the next three years we aim to triple this t…
Sebi may ease AIF regulations for start-up investments
Mumbai: A committee set up by India’s stock market regulator, the Securities and Exchange Board of India (Sebi), to encourage investments in so-called alternative investment funds (AIF), which invest in start-ups and other young companies, will likely recommend a lower investment threshold for ac…
Ease of doing biz: Now get PAN & TAN for firms issued in a day
New Delhi: In a move aimed at improving the ease of doing business for newly incorporated corporates, the tax department tied up with ministry of corporate affairs (MCA) to issue permanent account number (PAN) and tax deduction account number (TAN) in a day. Companies submit a common application …
Finova Capital to expand in 4 new cities, disbursing loans to 1500+ MSMEs
New Delhi: The Indian MSME sector has been coming to mainstream attention, owing to the well-concerted efforts of the new age financial companies, NBFCs and FinTechs in India. Further spearheading the revolution for financial inclusion of the MSME Sector is Finova Capital, the NBFC licensed by th…
Facebook tools for 5 mn active small business advertisers on its platform
Facebook on April 11 announced updates and new features to its mobile solutions for advertisers after hitting five million active advertisers on its platform. Among the updated features is the optimisation of the Ads Manager App to increase the ease of managing ad performance and gain insights. A…
Tech platform aids SMEs access loans
Hyderabad: Though the demand for loans from the SME is robust, most SMEs have a problem in accessing loans at relatively lower interest rates. However, use of technology can bridge the gap between the credit demand and the lenders and benefit the SMEs, according to Shailesh Jacob, chief executive…