Public sector lender Bank of Baroda on July 25 announced that they will be using alternate data sources for lending decisions in partnership with Creditmantri, a Chennai based fintech startup. Historically banks have been relying on physical verification of documents and credit bureau data for ta…
Start Up India
Making Bengaluru a top startup ecosystem
Announcing a slew of measures to boost growth of startups, the Karnataka government said it aims at ensuring that Bengaluru breaks into the world’s top 10 startup ecosystems. According to Global Startup Ecosystem Ranking Report 2015, the city is the second fastest growing startup ecosystem …
Jugnoo looks to turn net-independent, starts offline booking
In a bid to become internet-independent, Chandigarh-based autorickshaw-hailing platform Jugnoo has introduced autorickshaw booking on the app in the offline mode. The company also filed for a patent last week with the Patent Authority of India, New Delhi. All other players, including its competit…
Karnataka gets large firms to help start-ups
The Karnataka government has IBM, Amazon Web Services and Airtel to subsidise services to start-ups registered with it. Start-ups registered with the state government have access to accelerators and funding, cloud credits, discounted Internet subscription, software debugging tools, and payment ga…
Payments Co Stripe makes 1st India hire
San Francisco-based payments startup Stripe, valued at $5 billion, has hired its first India employee as it looks to kick-start operations here. Anand Balaji, an ex-Amazon executive, has come on board Stripe and is currently mapping the India market for the company, sources privy to the developme…
Sistema, others load Rs 67 crore onto QwikCilver gift card
Gifting card solutions provider QwikCilver has raised a new round of funding, pegged at $10 million (Rs 67 crore), led by Sistema Asia Fund, the proprietary fund of Russian conglomerate Sistema. Other existing backers of the Bengaluru-based company, which include Amazon Asia-Pacific, Accel India …
Hansa Cequity plans to go for more buyouts
Marketing technology company Hansa Cequity plans to follow up its acquisition of majority stake in analytics firm D-Square with more buyouts to build its new products and platforms business. A deal in customer loyalty business is in the offing, Chief Operating Officer Ajay Kelkar told . “We…
Nilekani invests in e-commerce startup 10i commerce services
Infosys Co-Founder Nandan Nilekani has put his weight behind an ecommerce startup for the first time, backing a venture that seeks to help small traditional shops fight online and organised retailers with the use of technology. After operating quietly for over a year, Bengaluru-based 10i Commerce…
Only 16 entities granted tax benefits under Start Up India
Six months old Start Up India scheme of Government of India, is moving in a snail’s pace. Of over 700 companies applying under the scheme on Start Up India portal, only 180 were registered. Even out of this minuscule number, only 16 companies have been found eligible for pecuniary benefits …
Rubique scores a hit for its SME products with big names on board its platform
Rubique, the one-stop online marketplace providing a technology-enabled end-to-end solution to financing needs of individuals & SMEs, endeavors to further ease the concerns of SMEs as well as acquire and retain a valuable set of customers for banks and FIs. With this objective in mind, it has…