SMEs sector acts as the backbone of the national economic structure and plays a crucial role in the manufacturing growth in India.
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Tag: IndiaMART
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 …
Bleeding start-ups stare at a harsh summer; Hand out pink slips to hundreds
The Indian start-up sector is bracing for more job losses as some half-a-dozen midsized companies issue layoff notices to hundreds of employees in a bid to trim costs and conserve cash in what portends to be a harsh summer for an industry struggling to deal with the effects of fast-paced growth. …
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…
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 …
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 introduces pre-approved credit for SME customers
Online B2B marketplace Tolexo has introduced pre-approved credit for its SME customers. The company has tied up with Arthashastra Fintech to provide the credit facility to its customers. Brijesh Agrawal, CEO, Tolexo said, “The unique payment solution will also facilitate the buyers by featu…
Alibaba ramps up B2B commerce play in India to aid SMEs
Amid talk of Alibaba’s foray into the consumer-facing e-commerce space in India, the Jack Ma-led Chinese internet behemoth has gone ahead and struck a string of partnerships to prop up its existing business-to-business marketplace venture here in India. Alibaba is partnering with DHL and De…
Tolexo to connect MSMEs in MP to a significantly wider market
New Delhi, July 27, 2016: In a constant bid to enable MSMEs across India to bolster their business, Tolexo, India’s largest online marketplace for business goods and supplies has signed an MoU with Madhya Pradesh Laghu Udyog Nigam Pvt Ltd (MPLUN). The MoU was signed in the august presence of Chie…
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, …