With startups innovating with technology in the education space, veterans in the publishing space also want to be a part of this change too. From digitising their content to investing in ed-tech startups, these players want to reach their audience in an all-new tech-savvy avatar. “You have …
Companies, Finance & Markets
Shivalik Bank looks at Rs 5,000 cr turnover by 2020
The Uttar Pradesh-based urban co-operative lender Shivalik Mercantile Co-operative Bank is eyeing a business turnover of Rs 5,000 crore by 2020, the chief of the bank said. “In the current fiscal, we are eyeing a business turnover of Rs 1,700 crore as against Rs 1,400 crore in the previous …
GOOGLE India, DSCI Partner to promote cybersecurity awareness
Google India and Data Security Council of India (DSCI), launched ‘Internet Safety Programme’ for MSMEs to deal with cyber security challenges to stay safe and secure while operating online. Under the program, DSCI and Google will organise several workshops in different cities, to help…
Textile exports can touch $300bn by 2025 | Indian Textile Industry
The Indian textile industry, which has been registering a slide on the export front, perceives that with focused trade policy support and by moving up the value chain, the industry can achieve the export target of $300 billion by 2025. Conceding that “Transpacific Trade Partnership (TPP) is a nat…
UC web, Flipkart join hands to launch mobile-site on UC browser
UCWeb, the maker behind UC Browser, India’s No. 1 mobile browser with over 55% market share (according to StatCounter) and a business within Alibaba mobile business group, has partnered with ecommerce major Flipkart in an effort to offer its users shopping on the go. Flipkart site, now available …
Sequoia Capital finds it great to make new investments in startups
Sequoia Capital India strikes a discordant but optimistic note when it says 2016 will be of a “wonderful vintage” and a great year to make new investments in startups. Armed with its largest India-focussed fund of $920 million (Rs6,100 crore), raised this year, Sequoia is scouting for…
Paytm piloting service to deliver goods via Ekart, the logistics arm of Flipkart
Online marketplace Paytm is piloting a service where goods shipped from its platform will be delivered by Ekart, the logistics arm of Flipkart, signalling collaboration between the leader and a fast-growing rival in the fiercely competitive e-tail sector. Roping in a rival online marketplace is e…
Dubai’s United World Infrastructure to launch hotel startup in India
Dubai-based global infrastructure investment and development firm United World Infrastructure (UWI) has partnered with Royal Orchid group scion Arjun Baljee to launch a mid-market hotel start-up in the country. The JV — India Hospitality Investment Company — will lease existing mid-market hotels …
With Rs 87 crore startup deals, Temasek-backed Innoven capital makes its mark
Temasek-backed InnoVen Capital has struck deals worth Rs 87 crore, having signed venture debt transactions with a number of leading Indian startups, including test preparation firm Byju’s and on-demand logistics provider Shadowfax. The speciality finance firm, which is also backed by Singap…
Catapooolt and Askme Group Enter into a strategic alliance to promote innovation in India
A first-of-its-kind initiative to crowdfund disruptive ideas in E-Commerce AskmePay to enable innovators to e-sell and market their products and collect payments In line with its commitment to support innovative business ideas, AskmePay, the integrated merchant solution by the AskMe Group, today …