Axis Bank has partnered with internet giant Amazon’s Indian arm and also Singapore based Overseas Chinese Banking Corp’s unit to help Indian start-ups with their technology related questions. The Bengaluru based centre called Thought Factory will help Indian start-ups interact with Am…
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Only 7% of MSMEs manage to get loan | CRISIL Study
Scores of Government schemes and awareness campaigns have failed to get small scale industries get finances to kickstart and boost their business, thereby hampering growth of Indian economy. A staggering 93 per cent MSMEs did not get loan from government or non-government body, says a research d…
Govt enters into mission mode, revives Small Factories Bill
The Labour Ministry has revived the Small Factories Bill two years after the first draft was unveiled, as the government enters into a mission mode to improve the ease of doing business in the country. The draft Small Factories (Regulation of Employment and Conditions of Services) Bill, 2014 was …
HP to modernise IT for SMBs with new shared storage solutions
Hewlett Packard Enterprise (HPE) announced new shared storage solutions that help Small and Mid-sized Businesses (SMBs), modernise their IT with hybrid flash and software-defined storage platforms that bring enterprise capabilities. “For years, SMB customers have been forced to subjugate business…
Japanese team explores biz opportunities in Sikkim
A Japanese team met Sikkim Chief Minister Pawan Chamling here to explore investment opportunities in the state including for manufacturing units for drones and robotics in the initial phase. The delegation during the meeting informed the Chief Minister that the environment in the state is very co…
Indian fintech investments 2nd largest in Asia-Pacific at $339 mn: Accenture
Investments in Indian financial technology ventures reached USD 339 million till July end this year, the second highest in Asia Pacific after China, a report said. “While China has attracted the most amount of investments, India stands second in the analysis with USD 339 million,” acc…
DIPP plans reality show for startups
A reality show for Indian startups along the lines of Shark Tank is in the offing. The unlikely planner of the show is the Department of Industrial Policy and Promotion (DIPP), which is in the process of conceptualising the programme it wants to air on India’s national broadcast channel Doo…
Net1 to invest $40 mn in MobiKwik, a leading digital payment platform in India
Net 1 UEPS Technologies, Inc. (“Net1” or the “Company”) (NasdaqGS: UEPS, JSE: NT1) today announced that it has signed a subscription agreement with One MobiKwik Systems Private Limited (“MobiKwik”) in India. MobiKwik is India’s largest independent mobile payments network, trusted by over 32…
NearFox raises undisclosed amount in angel round
Local lifestyle content and discovery platform NearFox has raised an undisclosed amount in an angel round where investors valued the bootstrapped venture at Rs 12.5 crore. The round was led by Globevestor Angel Fund and a clutch of other investors including Devendra Rane, CTO at CoverFox, Ravi Ja…
French Tech Ticket woos Indian start-ups to global competition
The deadline for applications to Season II of French Tech Ticket was earlier this week. An initiative of La French Tech, French Tech Ticket is a competition open to early-stage, technology-focussed entrepreneurs worldwide. Season I last year was what a spokesperson termed the “trial” event; but e…