Prolonged slowdown in the corporate sector and the rising bad loans has forced banks to squeeze funding to Micro, Small and Medium Enterprises. As a result these small businesses are increasingly turning to online platforms to raise funds. These online portals works in the space of peer-to-peer l…
Tag: E-commerce
Walmart Labs seek Indian tech to drive its e-commerce
Global retail giant Walmart is looking to engage more with Indian startups as it seeks access to innovative technologies for its e-commerce and supply chain operations through collaborative partnerships or even acquiring them. The global retailer operates around 11,000 stores and has 240 million …
SMEs call for enabling policy to empower e-commerce sector
Small and Medium Enterprises (SMEs) have asked the government to form a friendly policy to liberalise the e-commerce sector. These retailers, who are selling products on e-commerce platforms, want government to treat their virtual shops as technology platform. Recently in a letter to Commerce and…
Goodbox acquires SmartPocket to make SMEs e-commerce ready
Bangalore-headquartered Goodbox, a conversational m-commerce company enabling SMEs to become e-commerce ready, has now acquired SmartPocket for an undisclosed amount. Significantly, Goodbox had recently announced its Series A funding of $2.5 million from marquee investor Nexus Venture Partners. S…
FICCI & TSMG Study on plastic industry throws interesting insight
Organized retail and boom in e-commerce to fuel growth of plastic packaging, per capita consumption to be doubled in five years. Myth regarding the polluting characteristic of plastic needs to be addressed in a scientific manner. A report prepared by FICCI and Tata Strategic Management Group (TSM…
SMEs backbone of economy | Bandaru Dattareya, Labour & Employment Minister
Small and Medium Industries (SMEs) are the backbone of the country’s manufacturing besides helping in generating employment to millions, Labour & Employment Minister Bandaru Dattareya said. Dattareya was speaking at the two-day National SME Conference GoNat where he lauded the efforts of SMEs…
Flipkart to showcase Khadi items
Indian E-tailing giant Flipkart will now showcase a range of khadi clothes, including thirty articles from the famous Swaraj Ashram in Kanpur, a premier Khadi Bhandar. The items showcased, khadi denim jeans, Modi kurtas, ladies wear and shawls among others, can now be viewed on the website/app an…