Bengaluru: Truck aggregator BlackBuck has raised $70 million (Rs 476 crore) from Sands Capital and other existing investors. The company, founded two years ago, has so far raised $100 million and has more than a lakh trucks on the platform. The Bengaluru-based company, founded by logistics profes…
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Indifi Tech expands partnership with India Infoline
Indifi Technologies, an enabler for SME funding in India, said it has expanded its partnership with India Infoline Finance Limited (IIFL) to provide monetary aid to small businesses. As a part of this partnership expansion, IIFL would extend monetary aid to small businesses across segments that I…
No specific scheme to boost MSME sector’s role in defence manufacturing, says govt
No specific scheme is being implemented to boost the contribution of Micro, Small and Medium Enterprises (MSME) sector towards manufacturing in the field of defence under the ‘Make-in-India programme, the government told the Lok Sabha today. “At present, there is no specific scheme implemented by…
NIRDPR to support 120 rural start-ups, innovators
Hyderabad: Hyderabad-based National Institute of Rural Development and Panchayati Raj (NIRDPR) is making efforts through its rural innovation and startup conclave to create networking opportunity with incubators, mentors and funding agencies. NIRDPR has received around 200 applications from start…
How Indian travel marketplace start-ups can take a cue from global peers
“India is still a small market, but it’s a long term bet that will pay off” says AirBnB’s co founder and CEO Brian Cheskey. The Co-Founder and CEO of Airbnb, Cheskey gave a 5-star rating to Indian market saying, “the reason I am incredibly excited is, say in about 10 years from now it will [&hel…
Capital Float partners with Amazon India to disburse loans to e-sellers
Bangalore: Digital lending platform Capital Float has announced its partnership with Amazon India to disburse thousands of loans to e-sellers. The company – the only fintech startup to partner with the e-commerce giant – has also partnered with other leading online platforms including…
Yes Bank accelerator eyes B2B Fintech in Newest Accelerator Program
Yes Bank has chosen 12 startups to partake in its accelerator program, and among them are several B2B FinTech players. The India bank’s program, launched in partnership with T-Hub, announced the 12 participants March 17. The companies were selected from 753 applicants across 18 countries, accordi…
How fintech players are expanding their horizons to stay ahead of the curve
The banking and financial services sector has witnessed a sea change over the past year with banks increasing focus on technology, demonetisation-induced cash crunch causing a spike in digital transactions, and proliferation of fintech players offering innovative products and services. Customers …
e-Commerce companies to pay up to 1% TCS under GST
E-commerce firms like Snapdeal and Amazon will have to mandatorily deduct up to 1 per cent TCS (Tax Collected at Source) while making payments to their suppliers under the GST regime which is expected to kick in from July 1. The model Goods and Services Tax (GST) law, finalised by the GST Council…
Govt steps up efforts on quicker exit for start-ups
New Delhi: The government is working on a fresh set of initiatives for startups, including rolling out norms for resolution of companies that are facing financial stress within 90 days and new tax proposals. that the Department of Industrial Policy and Promotion (DIPP) will hold consultations ove…