The pharmaceutical sector expects some impact, at least in the short term, once the goods and services tax (GST) is implemented. Drug makers–big and small, are busy evaluating the impact of GST and are taking steps to get ready for the new tax regime. As per the GST slabs, the tax on most p…
Tag: KPMG India
Indian fintech start-up perfios raises $6.1mn in series A
Last week, Perfios, a fintech startup based in Bangalore (Bengaluru), India, announced it had raised approximately $6.2 Million (400 Million INR) in its Series A round of funding. The funding is a sign of how much the fintech market has been steadily growing in India the last few years. According…
Fintech start-up perfios secures $6.1 mn in series A funding
Bengaluru-based fintech firm Perfios has reportedly raised $6.1 Mn (INR 40 Cr) in Series A funding round from Bessemer Venture Partners. This is Bessemer’s first deal in a pure play fintech platform. The raised funds will be used for team strengthening, international expansion to the UAE & So…
VC-backed deals in fintech space decline to five-quarter low: Report
Despite the buzz around start-ups working on financial technologies (fintech), investors globally and in India are approaching the sector with caution, a report said. According to ‘Pulse of Fintech’, a report from CB Insights and KPMG, venture capital (VC)-backed fintech funding fell 17% worldwid…
Currency Ban Impact | PM’s move likely to boost e-commerce
All top e-commerce companies including Snapdeal and Jabong worked overnight conceptualising upon multiple offers to ensure that customers chose pre-paid options over cash on delivery for new orders placed, as they were forced to stop accepting Rs 500 – Rs 1000 notes, starting November 9. In…
Indian fintech start-ups a long way off from big global peers
Though IT trade body Nasscom claimed that India has more startups than China last week, the KPMG Fintech100 report for 2016 does not reflect it. In the top 100 fintech companies shortlisted from across countries, there are only three Indian startups that have made the cut, while China dominates t…
Next big thing in e-commerce, online grocery start-ups in India struggle
Once seen as the next big thing in online commerce, the euphoria surrounding e-grocery companies seem to have whittled. Online grocery start-ups such as LocalBanya, PepperTap and AAGAAR.com have already shut shop while Grofers continues to struggle to stay afloat, all of which point that the busi…
Government seeks industry’s views to improve ease of doing business
The government is seeking feedback from industry on the hurdles they face when dealing with regulatory bodies, a move aimed at making it easier to do business in the country. “We are working towards improving our rankings on the World Bank’s ease of doing business index, and also taki…
Govt walks the talk on Make in India
The government has given a big push to the Make in India campaign, the centrepiece of its plan to create jobs through domestic manufacturing, with a raft of tax incentives and proposals that make it easier to do business. “Smaller industries which are essential to the success of the Make in India…