As of 30 June 2016, IFC’s exposure in India was $5 billion, largely in sectors such as infrastructure, financial services, logistics and healthcare.
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Tag: Moglix
Moglix raises $12 m in Series-B funding to fuel expansion & technology development
Moglix, a leading B2B e-Commerce start-up that is digitally transforming supply chain of manufacturing sector in India, has announced closing of Series B round of funding at $12 million. The round saw participation from International Finance Corporation (IFC), a member of the World Bank Grou…
GST rolled-out! Industrialists & SMEs anxious, yet look forward to business without borders
India now breathes as a reformed nation. With the push of a button, President Pranab Mukherjee and Prime Minister Narendra Modi rolled out India’s biggest tax-reform – Goods and Services Tax (GST) on July 1 at Central Hall of Parliament in a special mid-night joint session. With the implementatio…
Moglix launches SAAS based GST solution to empower $300 b manufacturing segment in India
Ratan Tata-backed B2B e-Commerce marketplace Moglix announced the launch of ‘Green GST’ – a SAAS-based GST application solution for manufacturing units across India. Aimed at improving transparency and digitization in the manufacturing space, the tool will provide organisations with end-to-end Go…
India’s GST launch spawns tech cottage industry for compliance
India’s new Goods and Services Tax (GST), its biggest tax reform since independence, will unify a $2 trillion economy into a single market – and demand massive changes for small businesses that will have to go online to file their taxes. Major software and service players, IT companie…
Decoding GST: How it will impact Indian start-ups
Even as the government is still deliberating on the list of over 5,000 goods that will be taxed under the upcoming Goods and Services Tax (GST), Indian start-ups have welcomed passage of the Bill, which they feel will simplify conduct of business. Start-ups believe it will simplify taxation in th…
B2B start-ups raise $98 mn across 30 deals so far this year
Earlier this year, three former executives from Flipkart Ltd, India’s most valuable e-commerce firm, launched Udaan, an online marketplace connecting manufacturers, wholesalers, traders and retailers. In November, Udaan.com raised $10 million in Series A funding from Lightspeed Venture Partners I…
B2B commerce start-up Moglix launches GST technology for manufacturing sector
New Delhi, December 16, 2016: B2B commerce start-up Moglix, announced the launch of its GST (Good and Services Tax) technology for the manufacturing sector. In its endeavor to boost the manufacturing sector, Moglix aims to empower SME to large suppliers and buyers through its GST technology to fi…
Background verification start-up BetterPlace raises fresh capital
BetterPlace Safety Solutions Pvt. Ltd, a Bangalore-based startup that uses data analytics to offer background verification services, has received an undisclosed amount of investment from Venture Highway through VH Capital, according to a press statement. Venture Highway was founded by Samir Sood,…
Moglix is trying to use technology to disrupt the traditional distribution channels for SMEs
Small and large enterprises have to procure industrial products from 100s of suppliers. Moglix, a business-to-business (B2B) e-commerce start-up, is trying to use technology to disrupt the traditional distribution channels for industrial products. Recently, the B2B start-up which specialises in p…