A growing number of angel investors are backing waste management startups in India, leading analysts to estimate the domestic industry will grow to over $1billion by 2020. Half a dozen startups in the space have raised funds in the past six months. Among them are Saahas Waste Management, which is…
Tag: SME
Start-ups could benefit from Madrid route of trademark filing | DIPP Survey
Start-up ventures with quality, innovative products could immensely benefit by going for international registration of their product trademarks through the Madrid route, as this move prevents similar or closely aligned products from being developed in overseas markets by the competitors. Accordin…
GCCI to take help of PSUs to revive closed SMEs in Gujarat
To support ‘Make In India’ campaign, the Gujarat Chamber of Commerce & Industry (GCCI) will take help of PSUs to revive the closed small and medium enterprises (SMEs) in the state. “Under ‘Make In India’, government insists to develop ancillaries of defence and o…
RBI looks to improve ease of doing business for SMEs & Startups
The Reserve Bank of India (RBI) on April 05, 2016 said it will lay down a framework by September 2016 for accreditation of credit counselors who can act as facilitators for entrepreneurs to access the formal financial system with greater ease and flexibility. Presenting the first Bi-monthly Monet…
13-Year-old Akshat Mittal creator of odd-even.com sells his company
Thirteen-year old Akshat Mittal creator of Oddeven.com, which matches individuals to potential ride-share or carpool in the direction of their commute, has sold his company to carpool app Orahi.com for an undisclosed amount. The site was developed and launched in December 2015 by the standard 9 s…
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, …
Small businesses are driving India’s mobile banking growth story
Mobile banking in India seems to have finally turned a corner. The value of transactions made from mobile phones in the country was the highest in December 2015, compared to a year ago. And corporate accounts—especially Small and Medium Enterprises (SMEs)—are bigger growth drivers than individual…
Quality Council of India to cover 1.25 million MSMEs with their ZED model in next five years
Hailed as Asia’s largest Defence exhibition, the recently concluded Defexpo 2016 saw participation from 1055 registered companies from 47 nations. Union Defence Minister Manohar Parrikar focused on the amended DPP aimed at empowering India’s target of ‘Make in India’ polic…
Red Hat mulls more investments in startups to push growth
IT firm Red Hat is actively looking at investing in start-ups working on innovation, infrastructure and open source technologies to further accelerate its growth in the country. Red Hat, which has invested in start-ups in India and Israel, is also expanding its workforce in the country to cash in…
B2C e-commerce players to focus on reducing ‘cash burn rate’
For consumer internet companies used to spending their way to market leadership or otherwise, conserving cash has now become a priority to extend their runways. In the new regime, startups are shunning previously popular buzz-phrases such as ‘growth over profit’ and ‘winner take…