Nagpur: The Initial Public Offer (IPO) of Rs 2.96 crore by city-based M/s DRA Consultancy, on whose model Nagpur Municipal Corporation (NMC) came up with the 24X7 water supply system, has been oversubscribed 12 times. The company has raised capital through the Small and Medium Enterprises (SME) s…
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Venture Capitals: The backbone of SMEs & Start-ups
If you are thinking to start a business or you are a successful businessman and want to take your business to a next level, your first priority should be tapping the venture capital funding. India has seen a great success in the startup ecosystem and ‘investors’ play a very crucial role in bringi…
Kerala start-ups show signs of revival
Kochi: The troubles of Kerala startups, which were battling dearth of funding, may slightly be over, it seems. Startups from God’s Own Country have managed to raise funds worth Rs 105 crore ($15.7 million) till September this year. This is encouraging, considering that last year, startups had rai…
Digital start-ups will disrupt businesses: Study
Pune: According to the findings of a new global study done by Dell Technologies, 78% of businesses believe digital startups will pose a threat to their organization, either now or in the future, while almost half fear that they may become obsolete because of competition from these startups. Furth…
P2P Lenders have Insurance Covered
Bengaluru: MicroGraam, i-lend, LenDenClub and several other peer-to-peer lending platforms are tying up, or considering to do so, with insurance companies to offer cover for borrowers against unforeseen events such as accidents or death that can affect loan repayments. These platforms are partner…
Fashion brand FabAlley raises Series-A funding
Mumbai: High street fashion brand FabAlley has raised Rs 13 crore ($2 million) in a Series-A round led by Mumbai-based India Quotient. The round also saw participation from existing investors including IAN, social entrepreneur Ranjan Sharma and a clutch of angel investors. The online-to-offline b…
Start-up Wow! Momo plans to raise Rs 50 cr
Start-up venture Wow! Momo is in talks with investors to raise Rs.50 crore for scaling up its operations. Its plans for the future include expansion to newer cities, Co-Founder and CEO Sagar Daryani said. “We plan to raise Rs.50 crore between by March 2017, and we have already begun talks with in…
Utkarsh to start small bank in January
Utkarsh, a Varanasi-based micro-finance institution which had received an in-principle licence from Reserve Bank of India (RBI) last year to start a small finance bank, is planning to start operations in the second week of 2017, Govind Singh, Managing Director and Chief Executive Officer of the m…
BRICS Trade Ministers likely to ink framework pact on MSMEs, services, non-tariff measures
Trade Ministers from the five BRICS Nations — Brazil, Russia, India, China and South Africa — are expected to sign a framework agreement on increasing cooperation amongst Micro Small and Medium Enterprises, promoting trade in services and addressing non-tariff measures when they meet in New Delhi…
KVIC to provide certificate of quality for its products
Southern Railway has allowed the the Khadi and Village Industries Commission (KVIC) to provide a self certificate of quality for its products. Earlier, the Southern Railway had insisted that the supplies must be inspected by the quality assurance wing of the DGS&D (Director General of Supplie…