News

Online pharmacy licenses will ease business, say start-ups

Even as India deliberates on the status of online pharmacies, startups such as 1MG Technologies and NetMeds say they are planning to take up an e-pharmacy licence if the government allows online sale of medicines. A proposal is underway through a sub-committee under the Modi government which is l…

Bizongo raises $3 mn from IDG Ventures, Accel Partners

Bengaluru: Bizongo, run by Smartpaddle Technology Pvt. Ltd, a marketplace where businesses can procure packaging materials, on November 4th said it raised $3 million in a Series A round of funding from venture capital firms IDG Ventures and Accel Partners, an existing investor. The Mumbai-based f…

Hold your breath: These start-ups are thriving on air pollution

The country is going through a severe air pollution crisis, especially after Diwali – the air quality index has declined to an alarming stage in various parts of North India. In the past week, Delhi-NCR has been hit the most with the air pollution crisis. According to National Air Quality Index d…

Indian fintech start-ups a long way off from big global peers

Though IT trade body Nasscom claimed that India has more startups than China last week, the KPMG Fintech100 report for 2016 does not reflect it. In the top 100 fintech companies shortlisted from across countries, there are only three Indian startups that have made the cut, while China dominates t…

New GST rates likely to hit silk fabrics, garments exports

According to Rajendra Kumar Kapoor, President of the Silk Association of India, most of the manufacturers and exporters in this sector belong are most micro, small and medium enterprises (or MSMEs) and unless necessary exemptions are introduced, exports would suffer. Cumbersome process Kapoor, du…

Gupshup launches new bot building tools for SMEs

Gupshup, a bot platform, has launched two new tools that will enable people without any coding skills to create their own chatbots. The Flow and Template Bot Builders will offer drag-and-drop tools and pre-selected tools, which will make it easier for smaller enterprises to create bots for their …

A+ to Khadi; Sales may cross Rs 5k cr in FY18

Riding high on the upsurge in demand for khadi products, KVIC expects to surpass the sales target of Rs 5,000 crore by the end of 2017-18. “The sale of khadi products has recorded a quantum jump. We are getting good orders from the government. We will achieve the sales target of Rs 5,000 cr…

Whopping first inning for SME Capital Markets in FY16

First Half of F.Y. 2016-17 has been proved out to be a whopping period for SME Capital Markets. In 6 months, Indian SME Bourses witnessed remarkable activities in terms of filing as well as no. of IPOs. Indian Primary Market has witnessed spectacular revival in last few months, which is not limit…