Ever since its inception PayUmoney has been working to create a safe and secure ecosystem that enables digital payments, bringing convenience and trust through continuous technology innovation. With its state-of-the-art payment gateway solutions the company has enabled small businesses to grow on…
Tag: SME
Ujjivan expects modest growth on way to becoming a small bank
Bengaluru-based Micro Finance Institution Ujjivan Financial Services, which will hit the primary market on April 28 with a Rs 900-crore IPO, expects moderate growth in the next couple of years as it transitions into a small finance bank. “The RBI has told us for the first two years that we …
SMEs play central role in the growth of Indian economy | Rajiv Sodhi, VP & MD, GoDaddy India & Australia
GoDaddy was born to give people an easy, affordable way to get their ideas online. Today, with more than 13 million customers around the world, the goal is much the same, i.e., to help people easily start, confidently grow and successfully run their own ventures. SMEpost.com caught up with Rajiv …
Textiles Minister launches eco-friendly jute bag initiative in Delhi
It is well-known that the indiscriminate use of polythene bags is one contributor to the pollution problem in the national capital. The National Green Tribunal (NGT) has on multiple occasions, tried to ban use of plastic carry bags in Delhi. However, we find these plastic carry bags continue to b…
27 SME IPO Papers in 2016
To tap the upbeat market sentiment, as many as 27 Small and Medium Enterprises (SMEs) have filed draft papers this year to raise funds totalling over Rs 220 crore through initial public offerings. The shares will be listed on the SME platforms of BSE and the National Stock Exchange (NSE). Since t…
Tork Motorcycles bags funds from Ola founders and other angels
Tork Motorcycles, which is building an electric motorcycle, has raised angel funding from a host of investors including Ola founders Bhavish Agarwal and Ankit Bhati and a group of angels led by Co-Cubes CEO Harpreet Grover. Tork was founded by Kapil Shelke, a mechanical engineer with a passion fo…
Smytten raises undisclosed fund in an angel round from Rajan Anandan
Premium products and services discovery and purchase platform Smytten has raised an undisclosed amount in an angel round from Rajan Anandan, Vice-President of Google for Southeast Asia and India. The lifestyle focused mobile application ties up with brands to work on their marketing campaigns and…
Paytm leads $10-million funding
Online mobile wallet major Paytm has led the Series-B round of funding for on-demand auto-rickshaw aggregator, Jugnoo, for $10 million (Rs 66.65 crore). Last October, Chandigarh-based Jugnoo had received funding of $10 million from the Vijay Shekhar Sharma-led company. This is the Series-B2 round…
Re-imagining SME Fund Raising – The Exchange route!
One of the principal challenges of small & medium enterprises whether in India or anywhere else in the world has perennially been finance. Apart from friends and family, typically MSMEs rely heavily of private money lenders and the unorganised financial markets for their finance needs. Needle…
ShopMate, the group buying portal offering group deals on 2-wheelers
ShopMate, a unique group buying portal bringing you the best offers from your nearby stores, will now be offering group deals on 2-wheelers. It has been offering similar services on Mobile phones & Tablets. Shopmate groups’ together individual demands for a product and enables local sellers t…