The bitter truth about startups in India? Over 200 shut shop last year, a 50% increase over 2015. Seven out of 10 of these startups were founded in 2014 and had raised sizeable capital for their operations. However, despite funding, they failed. A startup founder was recently arrested over pendin…
Tag: Dinesh Agarwal
IndiaMART forays into fintech to enable SME sellers on its platform
IndiaMART, India’s largest online marketplace, has announced its entry in the payments space to enable over three million sellers on its platform. Addressing the bottleneck of trust deficit for the SMEs, the company has launched its buyer and seller protection program which will enable the …
GSF makes fresh investments in 5 start-ups
Gurgaon-based startup accelerator Global Super Angels Forum (GSF) has made fresh investments in five startups which constitute its fifth batch for its accelerator programme. The five startups are, bot-assistant player YellowAnt, Artificial Intelligence (AI)-driven chatbot solution HeyMojo, deep-l…
IndiaMART partners with TiE Delhi-NCR for annual SME Conclave 2017
IndiaMART,India’s largest online marketplace, organized the annual SME Conclave 2017 in association with TiE Delhi-NCR at the Welcome Hotel Sheraton in Saket, New Delhi. Themed ‘SMEs in new India’, the conclave featured several leaders from the industry discussing various facets of young business…
A good year for SMEs Cut in income tax in budget 2017 most welcome
A cut in income tax by 5% that would benefit 96% of Indian companies and presumptive tax reduction of two percentage point to 6% means the beleaguered SME sector that was hit hard by demonitisation has something to cheer. Announcing the Union Budget for 2017, Finance Minister Arun Jaitley said MS…
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…
IndiaMART Celebrates 20 years of its mission of empowering SMEs
Marking the completion of 20 years of its mission of empowering millions of SMEs and MSMEs in doing business, IndiaMART, the largest online marketplace connecting buyers and sellers observed April first as Maker’s Day. To mark it as an official MSME day, IndiaMART’s brand ambassador, …