Start-ups are creating a buzz in the business world nowadays. Every other day people are coming with an innovative idea to start their start-up, and some of them have been very successful. The concept of start-ups has transformed the whole way of doing business. Even, India is experiencing variou…
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Seed stage investor Idein Ventures to back 16 Indian start-ups in 2017
Idein Ventures – which recently invested in Hyderabad-based medical tourism startup Oxa – is betting big on India startups with a mandate to invest in 16 companies this year. The VC firm invests in UAE and is exploring global companies in the US apart from expanding into Israel. Idein Ventures, w…
India’s start-ups see a huge marketing opportunity in the 2017 Indian Premier League
The tenth season of the Indian Premier League (IPL), which will kick off on April 5, is expected to be a sporting extravaganza for cricket aficionados. Just like previous seasons, this year, sensing an opportunity to the grab attention of IPL viewership, startups are in the list of the 14 major s…
Flipkart set to raise up to $1.5bn amid talks to buy Snapdeal
India’s largest online retailer Flipkart is set to get between $1.2 billion and $1.5 billion in fresh capital from Tencent Holdings Ltd, Microsoft Corp. and eBay Inc.—funding that will provide it ammunition in the high-stakes battle with Amazon India for dominance of India’s e-commerce market. Fl…
In a first, foreign buyer bids for SME IPO
A foreign investor has participated in the public issue of a small and medium enterprise (SME) for the first time since the segment was introduced five years ago on the BSE and the NSE. The initial public offer (IPO) of Bohra Industries saw a bid from a foreign institutional investor (FII) amount…
MSME & Food Processing are the focus areas of Odisha government: CM Naveen Patnaik
Bhubaneswar: Micro, Small and Medium Enterprises (MSMEs) are the focus areas of the State Government as the sector will play a key role in employment generation over the next decade. Young entrepreneurs should take ample advantage from the policies charted in the ‘ease of doing business’ agenda …
India’s start-up ecosystem in a correction mode: Trifecta Capital
Venture debt firm Trifecta Capital plans to invest across 15-20 startups during the current year with the deal size ranging from Rs 5 to 45 crore according to a top executive of the company. “We have made 18 investments in the last 15 months. Of the 18, we have committed about Rs 275 crore.…
Coming soon: India’s first International Mentoring Summit to sow seeds of entrepreneurship
With an aim to support employability initiatives in the country and encourage youth to take up entrepreneurship, BYST (Bharatiya Yuva Shakti Trust), a not for profit organization dedicated to empower underprivileged youth, is gearing up to organize India’s first International Mentoring Summit. Th…
Centre to work towards eradicating unemployment in Odisha: Kalraj Mishra
Micro, Small and Medium Enterprises (MSME) sector as an opportunity for Odisha, Union Minister Kalraj Mishra on April 4 said the Centre will take steps to eradicate unemployment from the state by promoting small scale units and start ups. “MSME sector has become a challenge as well as opportunity…
Proactive RBI can help people understand microcredit biz: Satin Creditcare
New Delhi: A proactive role from RBI is needed in helping people distinguish between micro finance and chit funds, which are often confused as one, according to NBFC outfit Satin Creditcare. Microfinance credit served by non-banking financial companies (NBFCs) is typically about looking at the bo…