Purplle, an IvyCap Venture-backed online marketplace for beauty products and spa and salon services, is closing a Series-B round of around $6 million with participation from JSW Ventures, existing investors and another investor who’s likely to join in. The company will use some part of the …
Tag: SME
Start-ups set to reach new peaks: IT Secretary
Start-ups in India are set to scale new peaks going forward, according to Jayesh Ranjan, Secretary, Information Technology and Communications, Government of Telangana. He was speaking at the second convocation of Woxsen School of Business held here on July 9. The world of start-ups is becoming yo…
Gupshup to launch bots to customise workflow for SMEs
Bot builder platform Gupshup plans to introduce templatised bots in a bid to make them accessible to small and medium businesses. A bot is a software application that can run automated tasks on the Internet. They are being deployed by businesses to replace basic customer interactions. Over the ne…
GoDaddy, the big daddy of 31-million small businesses
GoDaddy, one of the world’s largest web hosting firms, on July 7, said it would make its services available in three Indian languages – Hindi, Marathi and Tamil – to enable over 31 million small businesses (SMBs) build their online presence. The company said its SMB products, website,…
CapAleph Advisors plans to raise Rs 675 crore to back entrepreneurs
CapAleph Advisors, Founded by former India Value Fund (IVFA) partner George Thomas, is planning to raise a $100-million or Rs 675-crore debt fund to back food and agriculture entrepreneurs. The debt fund, which is now much larger as compared to what CapAleph was targeting, is looking to raise cap…
Kalraj Mishra unveils world’s largest ‘Charkha’ at IGI Airport
New Delhi, July 5: World’s largest Charkha (spinning wheels) was unveiled today by Kalraj Mishra, Union Minister for MSME at the Terminal 3 of IGI Airport Delhi. The idea behind displaying the world’s biggest charkha at the country’s “busiest airport” is to highlight India’s quest to foster an eg…
Companies get more leeway in taking deposits with revised norms
Government has tweaked the rules governing acceptance of deposits by companies, a move that provides more flexibility for startups in garnering funds. Besides, entities have been given more time to have deposit insurance in place. The latest amendments to certain rules under the Companies Act is …
Product and process quality key to increase in reach and exports
Micro, Small and Medium Enterprises (MSMEs) operating in the manufacturing and services sectors stand to gain significantly from quality products and processes. And as they focus more on quality, they see an increase in reach and customer confidence. Product and process quality key to increase in…
P2P players bank on institutional lenders for growth
I-lend has stitched a partnership with Hyderabad-based non-banking finance company Star Finserve, becoming the first peer-toper online lending platform to join hands with an institutional lender while several other players including MicroGraam, Faircent and LenDenClub are in talks for similar pac…
Gujarat govt to organise separate ‘vibrant summit’ for MSMEs
Gujarat Chief Minister Anandiben Patel said a separate ‘Vibrant Gujarat Global Summit’ for Micro, Small and Medium Enterprises (MSMEs) would be organised to attract investment in the sector. The announcement of organising such an event, which will be on the pattern of biennial ‘…