While traditionally large enterprises had the resources to leverage data analytics, availability of visual analytics as a service has enabled small and medium enterprises (SMEs) to reap the benefits of technology. Information is the lifeline of any business and is a highly valued asset in today’s…
Companies, Finance & Markets
Flush with funds, Flipkart sets aside $1.25 b for buyouts, investments
Homegrown e-commerce major Flipkart has bumped up the reserves earmarked for financing investments, making acquisitions and extending inter-corporate loans to Rs 8,000 crore ($1.25 billion), show its recent filings with the Ministry of Corporate Affairs. In a board meeting on 29 August, the compa…
Indiabulls Housing Finance raises Rs 1k crore through bonds
The capital raised will be used to augment its tier II capital which will strengthen the capital adequacy and for enhancing long- term resources of the company.
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SoftBank to invest $200 m in logistics start-up Rivigo
Japanese conglomerate Softbank is eyeing logistics industry as it is set to infuse $200 Million in Gurgaon-based logistics startup Rivigo. The investment, if it goes through, could value the three-year-old company at nearly $1 billion, one of them said, while another pegged the potentia…
Innoviti Payment Solutions bags Rs 120 cr fund
Leading payments company Innoviti Payment Solutions on July 12 announced financing of Rs 120 crore (~ $18 million) to further its vision of digitally organising the flow of money for businesses across the retail supply chain. Innoviti Payment Solutions Pvt. Ltd. (formerly Innoviti Embedded Soluti…
MP sets aside Rs 100 cr veture fund ‘MPVFL’ to nurture start-ups & SMEs
The Madhya Pradesh Government has rolled out a new venture fund Madhya Pradesh Venture Finance Limited (MPVFL). The venture fund has been established under the Madhya Pradesh MSME Fund Trust, with an aim to create an SME Innovation Fund. The SME Innovation Fund is the first fund raised under this…
Rajasthan Angel Investor Network to launch $15.6 m fund in 2018
Rajasthan Angel Investor Network (RAIN) is planning to launch a Rs 100 crore ($15.6 million) fund early next year, Mahavir Pratap Sharma, Chairman and Co-Founder of the 30-member investment firm. “The fund size will be at least Rs 100 crore and will focus on early stage or idea stage companies,” …
Swiggy raises $80 m from Naspers, existing investors
Online food delivery platform Swiggy on May 30 said it has raised $80 million (over Rs 517 crore) in Series E funding led by global internet group and technology investor Naspers. The funding saw participation from other existing investors Accel India, SAIF Partners India, Bessemer Venture Partne…
InfoBeans’ IPO largest on NSE Emerge; Collects over Rs 1100 cr
IT service provider InfoBeans Technologies, which is getting listed on the small and medium enterprises (SME) platform of National Stock Exchange (NSE) – “NSE Emerge” — on May 2, has collected over Rs 1,100 crore through its public offer. “This is the largest fund procurem…
Khadi notches over Rs 50k cr record sale
New Delhi: One doesn’t usually associate village industries and khadi units with big bucks. But last year, the low-profile segment notched up sales of over Rs 50,000 crore for the first time. While khadi sales are being pushed hard by the government, the surprise is the bumper demand for pr…