India has about 4.8 crore MSMEs which consequently provides employment to over 10 crore people. However, they suffer from a lack of funding support despite the government’s various attempts at financial inclusion. In order to bridge this credit gap, Lendingkart offers quick, convenient financing…
Start Up India
AP & Telangana vying for top honours in start-up ecosystem
Last month Andhra Pradesh’s coastal city Visakhapatnam, or Vizag, was buzzing with financial technology startups showcasing products, competing in front of various stakeholders and help ring in Chief Minister Chandrababu Naidu’s vision to make Vizag the fintech hub of India. “By…
We do not expect any returns from impact investing: Sunil Kant Munjal
Sunil Kant Munjal, the Hero Enterprises, has invested Rs 100 crore in impact investment in firm Aavishkaar’s new fund, Aavishkaar Bharat Fund. The investment, made in Munjal’s personal capacity, is part of the Rs 2,000-crore corpus that the social venture capital firm is targeting for…
SAP Start-up Studio onboards 16 new start-ups to its accelerator program
Bangalore: A new batch of 16 startups working on technologies such as Artificial Intelligence, Cloud, Machine Learning and IoT across various business functions will join the SAP Startup Studio accelerator program at SAP Labs India campus in Bangalore. The initial 75-seater incubator will expand …
Wassup acquires Doormint; Investors kalaari & helion to join company board
Chennai-based on-demand laundry services startup Wassup has acquired Mumbai-based home services platform Doormint in a full equity deal. Post-acquisition, Doormint investors Kalaari Capital and Helion Ventures will hold equity in Wassup Laundry. Wassup is only acquiring the tech and infrastructur…
ShopX enters into strategic tie-up with Puma
New Delhi: Digital offline platform ShopX has entered into a strategic tie-up with Puma, which would help the German sportswear firm scale up its footwear business in tier II markets. Puma will leverage ShopX’s digital offline model to scale up its footwear business and help it establish pr…
InCred disburses Rs 100 cr loans to SME, housing segments
InCred, a non-banking finance company which began operations in February 2017, has disbursed Rs 100 crore loans to about 1000 customers in less than 100 days. “Bulk of the disbursements have happened in the housing and small business segment which is very encouraging since InCred was set up to pr…
Fund-of-Funds: 17 VC firms sanctioned Rs 623.50 cr from govt start-up fund
New Delhi: Since its launch in January 2016, the government’s Rs 10,000 crore Fund-of-Funds for start-ups has faced a few too many brickbats. Up until last month, the conditions for raising capital from the Rs 10,000 crore Fund-of-Funds, which was meant to invest in local venture capital (VC) fun…
SAP banks on start-ups for tech disruption; More than doubles list for India
Mumbai: SAP, Europe’s largest technology company, will on board 16 startups for its accelerator programme in India this year against seven last year, as it increasingly banks on artificial intelligence, machine learning and internet of things to push ahead with its global transformation in …
AirAsia buys 50% stake in travel planning start-up Touristly for $2.6mn
AirAsia, the budget airline for Southeast Asia that’s headquartered in Malaysia, isn’t commonly associated with startup investments, but today the company announced that it has bought a 50 percent share in trip planning service Touristly in a deal worth MYR 11.5 million, or $2.6 million. The deal…