Software maker Zenoti has raised Rs 100 crore ($15 million) in a round led by Norwest Venture Partners along with existing backer Accel India in the largest such deal this year for a startup offering software as a service. The Seattle and Hyderabad-based company, which provides cloud-based softwa…
Companies, Finance & Markets
JICA examining Rs 7,000 cr support to Indian dairy coops
Japan International Cooperation Agency (JICA) is examining a proposal of about Rs 7,000 crore to support dairy cooperatives for modernisation of processing facilities, the government said. Animal Husbandary Secretary Devendra Chaudhry chaired a meeting comprising senior officials from IDBI, NABAR…
South Africa’s Naspers set to buy Citrus Pay for $180m
South African media and internet conglomerate Naspers is set to acquire Citrus Pay for around $150-180 million, in an all-cash transaction, making it one of the largest deals in the Indian payments market, sources close to the development told. With the combined entity, Naspers, which runs PayU a…
InTandem advisors focusing on helping fintech firms, startups
Mumbai-based InTandem Advisors, an advisory firm launched by former Western Union Managing Director Anil Kapur, is focusing on enabling fintech players and other startups in the financial services space with business strategy, sales and distribution solutions. The startup, which launched its serv…
UpGrad ties up with PVR, Lenskart, Shopclues for scholarships in entrepreneurship
UpGrad, an online education platform for working professionals, has tied up with PVR, Lenskart and ShopClues to offer free scholarships for its entrepreneurship programme. Under this partnership, PVR, Lenskart and ShopClues will sponsor 50 candidates each. The applications are both online and in …
Infosys invests in second cloud computing start-up in Israel
Infosys Ltd has invested $4 million to pick up a minority stake in Cloudyn Ltd, an Israeli company that makes software for monitoring and optimizing cloud computing, marking the Bengaluru-headquartered firm’s second investment in an Israel-based cloud-computing start-up from the company’s $500 mi…
India considers Venture Capital Funds to discharge offsets
Overseas defense companies could invest in select Indian Venture Capital Funds (VCF) to discharge compulsory defense offsets if a proposal, currently under consideration, is implemented by the Indian Ministry of Defence (MoD), according to a Senior Ministry Official. Investments by overseas compa…
Only clean social history can get small companies a loan
What does a small enterprise need to do to get a loan? In today’s world: Keep a clean social media footprint. Until a few years ago, Small and Medium Enterprises seeking a loan had to make multiple trips to banks or other lenders with company and project details, and could still go disappoi…
Freecharge inks partnership with PayUbiz for digital payments
Freecharge, India fastest growing digital payments platform has partnered with the leading payment gateway solution provider, PayUbiz, to further strengthen its merchant base and help consumers move from cash to digital payments. This integration allows Freecharge to tap PayUbiz more than 10,000 …
SheEO, female entrepreneur support organisation, venturing into India
SheEO, a Toronto-based female entrepreneur support organisation, is venturing into India, roping in investors to fund startups run and owned by women. The model calls upon 1,000 women per city to commit $1,000 (Rs 67,000) each to provide low-interest loans to 10 women-led ventures that are select…