Online hotel aggregator OYO said it has raised $250 million (over Rs 1,600 crore) in a fresh round of funding led by its existing investors and Hero Enterprise. The company plans to use the funds to expand its presence in India and South-East Asia, OYO said. “We have raised $250 million in a fres…
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IFC invests $10 m to help Power2SME expand operations & improve working capital
International Finance corporation (IFC), a worldbank member has invested $10 million in Power2SME, a first ‘Buying Club’ for the small and medium enterprises in India. In addition to the investment, IFC will also advise Power2SME to help it expand beyond its current 14 states, improve its ability…
Chinese accelerator and venture fund ‘ZDream Ventures’ launches incubator in Gurugram
New Delhi: ZDream Ventures, an India-focused venture capital firm based in Beijing, on September 5 launched its start-up incubator ZDream Labs in Gurugram. The incubator, housed in a 5,200 sq ft. facility, will provide mentorship and training to Indian start-ups and access to capital from Ch…
Start-ups, unlisted subsidiaries of Indian Cos & Multinationals on black money radar
Mumbai: Startups and unlisted subsidiaries of some major Indian companies and multinationals find themselves in the crosshairs of the income tax department for raising funds through preference shares in excess of what it considers the fair market value. The inv…
Online credit score start-up CreditVidya raises $5 m in series B from Matrix Partners, others
CreditVidya, which uses data to provide credit scores for individuals, has raised $5 million in its series B funding round led by Matrix Partners India. The Mumbai-based company’s existing investor Kalaari Capital has also participated in the latest fund raise. CreditVidya co…
GST: Govt exhorts businesses not to wait till last day to file returns
New Delhi: The government on September 6 exhorted businesses not to wait till the last day to file GST returns, saying just over half of registered taxpayers have so far paid taxes and 11 lakh have not yet completed even registration. Revenue Secretary Hasmukh Adhia said the g…
5 cities 1 agenda; TechInnovationHunt, opportunity for start-ups to pitch to Kstart India
The objective of the campaign is to hunt early stage B2b or B2c cutting edge deep technology start-ups from across the country.
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Startup Karnataka on the verge to be amongst world’s top start-up ecosystems
Karnataka government said that it aims at ensuring that Bengaluru breaks into the world’s top 10 start-up ecosystems.
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EEPC India urges govt to release at least 90% GST refunds to small exporters
GST return filing date extension granted by govt ironically implies a fund blockage for hard pressed small and medium exporters
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WhatsApp introduces free service for SMBs to help connect with customers
WhatsApp Business will offer free to use notification feature to small and medium-sized businesses for messaging at scale and managing customers at one place
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