A former CFO of Infosys, V. Balakrishnan, is entering India’s alternative lending market through the launch of his new company, billionloans. The company will target SMEs as well as consumers by linking borrowers to investors, reports said March 3. MicroGraam Executive Rangan Varadan is a joint f…
Tag: B2B
Indian SME trends: The year gone by and 2017
Flourishing amidst a challenging environment, the Small and Medium Enterprises ( SMEs) of India experienced several highs and lows in the past few years. With the Indian economy expected to emerge as one of the leading economies in the world and likely to become a $5 trillion economy by 2025, maj…
IDFC ties up with Capital Float to lend to SMEs online
IDFC Bank, which was set up last year, has tied up with Capital Float to extend loans to the small and medium enterprise (SME) businessmen online. Given the inadequate data on the creditworthiness of small businessmen and their numerous defaults, few banks lend to the SME sector now. With branche…
B2B commerce start-ups raised $85 mn in funding this year: Report
Internet-based businness to business commerce companies in India registered over three times jump in funding this year compared to last year, a report published by startup data collector Tracxn said. B2B e-commerce ventures have so far secured $85 million in capital compared to $21.07 million in …
Chinese investors bullish about Indian start-ups; jointly provide $50 mn of funding
A dozen Chinese investors offered at a technology summit on September 25 to jointly provide funding of about $50 million (Rs 334 crore) for Indian start-ups. The investors include a Cyber Carrier, a Hong Kong-based Chinese internet enterprise that has set up a $30 million initiative fund in Janua…
B2B e-Commerce platforms reduce inventory costs by 40% for SMEs
B2B e-commerce platforms inventory management services is gaining popularity among small and medium enterprises (SMEs). This has resulted in reducing inventory costs by 40 per cent for SMEs. SMEs who would earlier procure raw material from various sources and stock it for one month to three month…
Tolexo has launched the first in-house, custom developed seller panel in Indian b2b e-commerce
New Delhi, June 23, 2016: Tolexo.com, India’s largest online marketplace for business goods and supplies announces the launch of its Seller Panel. This is the first such merchant platform in India’s B2B e-commerce segment that has been developed in-house, is fully customized and is managed end-to…
Startups see uptick in funding as investors return to Hyderabad
Startups in Hyderabad are seeing an uptick in funding as investors return to the city after a hiatus caused in part by the political instability in the region. According to Tracxn, which collects data on the Indian Startup industry, 25 Hyderabad-based ventures have been funded so far this year, c…
Kalraj Mishra takes to twitter to inform MSME Ministry’s key initiatives on #TransformingIndia
On completion of two years of NDA government in office, Union Minister for Micro, Small and Medium Enterprises (MSME) Kalraj Mishra interacted with public on May 26 from 4-5 pm via twitter #AskKalraj. MSME Secretary, KK Jalan was also the part of this interaction. This is part of #TransformingInd…
Capital float receives ₹170 cr in Series B round
Capital Float, a leading online lender for small businesses, has raised about ₹170 crore ($25 million) in a Series B round led by Creation Investments. Existing investors Aspada, Sequoia India and SAIF Partners participated in this round that valued the company at over $100 million. This is Capit…