Even as the Indian startup ecosystem has seen declining investments, layoffs and shutdowns since last few months, the next fiscal will see fundamental changes and emergence of leaner ventures, says a white paper by Noida-based VC firm advantEdge Partners. “The conditions are ripe for a reboot of …
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Small finance bank RGVN to raise $20 mn from IFC
RGVN, one of the 10 recipients of the small finance bank (SFB) license, will raise around $20 million (approximately Rs 130 crore) from the International Finance Corporation (IFC). IFC, the World Bank’s investment arm, said that it would invest up to $20 million in RGVN in the form of a sen…
Overwhelming response from investors to SME offers in FY17
Mumbai: Fiscal 2016-17 was a bumper year for public offers by small and medium companies. According to data compiled by Prime Database, there were as many as 78 SME IPOs which collected a total of Rs. 807 crore in FY17, as against 50 IPOs raising Rs. 311 crore in FY16. In fact, this is a [&hellip…
Kalraj Mishra meets Canadian delegates over possibilities of mutual cooperation in MSME sector
The Government House Leader and Minister of Small Business and Tourism of Canada, H.E. Bardish Chagger along with seven delegates met Kalraj Mishra, Minister for Micro, Small and Medium Enterprise and discussed the possibilities of mutual cooperation in the MSME sector. The Canadian Minister also…
With India Inc unclear about certain key aspects of GST, postponing it makes more sense
The goods and services tax (GST) has received unprecedented support from all quarters. Government believes it will lead to revenue buoyancy, industry expects a simpler and more competitive tax regime, and the common man expects reduction in prices, once GST is implemented. The speed at which GoI …
SIDBI puts Rs 20 cr in solar installation start-up Oriano Solar through its private arm
New Delhi: Samridhi Fund, a Rs 450-crore fund owned by the private investment arm of Small Industries Development Bank of India (SIDBI), has agreed to make a Rs 20-crore investment in Mumbai-based solar installation startup Oriano Solar. The Series A investment comprises a mix of debt and debentu…
Start-ups are making Indians entrepreneurial: GroupM’s Rob Norman
Mumbai: If you are looking for some inspiring ‘digital talk’, GroupM’s Rob Norman, is the man for you. The chief digital officer of the global media conglomerate was among the early ad men to get that designation. When we asked him, how things have changed for him over the years…
Here is a look at some SME IPOs to open issue on March 31
To cheer up investor sentiments, four small and medium enterprises (SME) – Dev Information Technology Ltd., M K Proteins Limited, ASL Industries Ltd., and Escorp Asset Management Ltd., will be hitting the capital markets. These SME IPOs are open for subscription for investors on March 31 an…
How PPP model is helping Indian industry projects take a lead
Startups are paving way to innovation such that could, if partnered with, lead to the making India a global leader in terms of technology. Government-based projects in India are attracting high-end technological advancement proposed by the great minds of this country. Several startups that are fo…
Boost for start-up ideas in bid to build bizmen
Kolkata: In a first of its kind competition, 10 startup ideas were rewarded by the Maulana Abul Kalam Azad University of Technology, kickstarting an attempt to churn out entrepreneurs, rather than just engineers, from technology campuses across the state. On March 29, the final day of the Industr…