Capital Float, the largest digital lending platform in India, has partnered with Payworld to provide kirana (grocery) store owners with convenient financing options, enabling them to expand business operations. Small retailers are often underserved by traditional financial institutions because of…
Tag: Finance
Haribhai Parthibhai Chaudhary takes charge as MOS, MSME Ministry
Haribhai Parthibhai Chaudhary took charge as new MOS in MSME Ministry on July 11, 2016. MSME Minister Kalraj Mishra welcomed him. After assuming office, Haribhai said that he will work towards the development of MSME sector which contributes about 40% of India’s exports. A Four-Time MP from Gujar…
Indian Industries Association sets up development centre for MSMEs in Lucknow
Indian Industries Association (IIA) has set up an IIA MSME Development Center (IMDC) at its head-office in Vibhuti Kand, Gomtinagar in Lucknow. Vikram Singh (Ex DGP UP) and a Pro- Chancellor, Noida International University who is a renowned speaker and trainer on man management team building, cri…
Banks develop an appetite for start-ups
In a dimly lit auditorium, three groups were called on to the stage to polite applause. Electronic music, with the bassline turned up too high, reverbed through the speakers. A couple of them smiled as they held their award to the flashlight of two cameras. Orange, which was the hallmark colour o…
Private Banks & HFCs must play an expanded role to provide financial support to SMEs | Harshil Mehta, CEO, DHFL
Finance has typically been one of the areas of concern for the SME sector. One of India’s leading finance company, Dewan Housing Finance Ltd (DHFL), has lately expanded its portfolio by entering into SME lending segment. SMEpost.com caught up with Harshil Mehta, CEO of DHFL, in an exclusive conve…
Paytm leads $10-million funding
Online mobile wallet major Paytm has led the Series-B round of funding for on-demand auto-rickshaw aggregator, Jugnoo, for $10 million (Rs 66.65 crore). Last October, Chandigarh-based Jugnoo had received funding of $10 million from the Vijay Shekhar Sharma-led company. This is the Series-B2 round…
Paytm plans aggressive expansion of online travel business
Paytm plans an aggressive expansion of its online travel business by branching out into rail, road, airline and tour bookings in order to drive more traffic to its portal that is largely payments driven. The company has partnered services marketplace Ezeego1 for hotels and flight bookings and is …
KredX raises $750,000 from Prime Venture Partners
Invoice-discounting platform, KredX has raised $750,000 from Prime Venture Partners. Founded in 2015 by Manish Kumar, Anurag Jain, and Puneet Agarwal, KredX helps Micro Small and Medium Enterprises (MSMEs) looking for working capital, connect with individual financiers. It enables growth of MSMEs…
FISME raises MSME financing issue with RBI
A delegation of Federation of Indian Micro and Small & Medium Enterprises (FISME) led by Chairman, Banking and Finance Committee, Neeraj Kedia met Executive Director of Reserve Bank of India (RBI) U.S. Paliwal in Mumbai recently and highlighted rising MSME concerns about the fall out of fault…
Start-ups to rely on bridge rounds to tide over fund crunch
When the founders of angel-funded healthcare start-up Medd set out to raise institutional capital from Venture Capital (VC) funds in June, the tide had turned. The start-up ecosystem was showing signs of trouble, with large start-ups such as Housing, TinyOwl and others laying off employees and st…