A recent report by Asian Development Bank (ADB) Brief said that Small and Medium Enterprises (SMEs) face the greatest obstacles in accessing affordable trade financing. Globally, 57% of trade finance requests by SMEs are rejected, against just 10% for multinational companies. High rejection rates…
Companies, Finance & Markets
Indian IT, telecom companies sign 10 MoUs at Kenyan expo
The three-day Indo-Africa ICT Expo, which was held in Kenya recently, saw Indian IT and telecom companies sealing 10 agreements and garnering business of over Rs 40 crore with African organisations. Some 100 firms took part in the event on September 1-3. “I strongly believe that India has v…
Mid-sized consumer companies to benefit from consumption boom: Report
The Indian consumer market, driven by increasing disposable incomes and a favourable demographic shift towards a majority working population, is opening up significant opportunities for several mid-sized consumer companies, a report said. “There has been spectacular growth in this segment (mid-si…
Mexico is top destination for India’s automobile exports; growth over 110%
Mexico has emerged as the top destination for India’s automobile exports making a compelling case for the Indian engineering exporters to push for further push in the growing South American markets, according to EEPC India. The EEPC India which would be organising India Pavilion at Expo National…
T-Hub makes space for foreign companies
Telangana government backed incubator T-Hub is attracting overseas startups to the city as it attempts to regain its position as an attractive startup spot. Three early stage startups are setting up operations in Hyderabad, with many more in pipeline. Market, talent and government incentives are …
Livspace raises Rs. 100 cr from existing investors in Series B
Online home-design company Livspace has raised Rs. 100 crore from existing investors in Series B round of funding. The round was led by Bessemer Ventures Partners and saw participation from Jungle Ventures and Helion. The funding comes within weeks of the launch of the firm’s Home Design Automati…
Mitra Biotech raises $27.4 million in Series B funding led by Sequoia India
Mitra Biotech, a company that develops and provides novel technologies that personalise cancer treatment, has raised $27.4 million (approx Rs 183 crore) in a Series-B funding co-led by Sequoia India and Washington-based Sands Capital Ventures, and with participation from Boston-based RA Capital M…
Paytm to raise $300 million, valuation pegged at $5 billion
Vijay Shekhar Sharma-led mobile wallet major Paytm is in advanced talks to raise $300 million in fresh funds. According to multiple sources, other than existing investors such as Chinese e-commerce giant Alibaba and SAIF Partners, the new round of fundraising will see participation from Singapore…
South Africa’s Net1 tops up Mobikwik wallet by $40 million
South Africa headquartered global payments solutions and transaction processing company Net1 UEPS Technologies Inc has announced a strategic partnership with digital wallet player MobiKwik. Net1 will invest $40 million in MobiKwik and will integrate its Virtual Card technology with the MobiKwik w…
Tata communications expects 40% growth in cloud biz, to build infra
Eyeing 40 per cent annual growth in cloud operations, Tata Communications is planning to set up necessary storage infrastructure in countries of operations to win over local business by addressing its concerns on overseas data storage. “Data sovereignty is going to be more critical and the …