Infosys Ltd Co-Founder Nandan Nilekani has invested $5 million more in Bengaluru-based e-commerce start-up 10i Commerce Services, according to regulatory documents and a person familiar with the matter. With the latest investment, the former chairman of the Unique Identification Authority of Indi…
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Global network of accelerators look to cash in on India’s fintech goldrush
BENGALURU: Accelerators and incubators specialising on financial technology startups are increasingly coming to India, with 2016 witnessing the launch of several of them, from Startupbootcamp’s local edition and a Swiss Re programme to Zone Startups and Rainmatter. They expect to see global produ…
Utkarsh to start small bank in January
Utkarsh, a Varanasi-based micro-finance institution which had received an in-principle licence from Reserve Bank of India (RBI) last year to start a small finance bank, is planning to start operations in the second week of 2017, Govind Singh, Managing Director and Chief Executive Officer of the m…
Rs 10 cr disbursed to boost startups: Karnataka IT Minister
The Karnataka Startup Cell has witnessed nearly 1,400 registrations in the last two months and close to Rs eight to Rs ten crore has been disbursed under the “Innovate Karnataka” initiative to provide assistance to startups, state IT Minister Priyank Kharge said. “The actual tak…
Commerce Ministry wants priority sector status for export credit
The Commerce Ministry will seek priority sector status for export credit and focus on a revival of Special Economic Zones (SEZs), as it has identified six areas to prop up outbound shipments in goods, which contracted for a 15th straight month through February. Following the first meeting of a re…