The startup vocabulary of 2016 has been markedly different from the glory years of 2014 and 2015 when unicorns were born every other week, and sky-high valuations meant scale and size won over strategy and solid business models. This year as funds dried up, a number of promising startups of 2015 …
Tag: fintech
Here’s why 2017 will be an interesting year for Indian start-ups
Even as 2016 comes to a close, startups are hopeful that the New Year will bring in some joy. The last two months of 2016, have been a dampener for the Indian startup ecosystem in hyper-local, food tech, software and investment domains. While grocery e-tailing and payment wallets have gained this…
Pune start-up Serv’d gets $1 lakh grant from Bill & Melinda Gates Foundation
Pune-based startup Serv’d, which aims to bring about financial inclusion in the unorganised sector has been given a $100,000-grant from Digital Financial Service (DFS) Lab, a fintech accelerator funded by the Bill and Melinda Gates Foundation. DFS Lab identifies startups that have the poten…
Fintech start-up Affordplan raises Rs 20 cr from Prime Ventures & Kalaari
Delhi-based fintech startup Affordplan has raised Rs 20 crores in Series A funding round led by Prime Venture Partners and Kalaari Capital as a co-investor. These funds will be utilised to expand the current team, build the network and scale the business to new cities across India. The company of…
Demonetisation Effect | Fintech start-up Capital Float opens its coffers for small merchants
Amidst cash chaos and consequent surge in digital payment due to government’s demonetisation drive, a Bangalore based digital lending firm for small and medium enterprises (SMEs), Capital Float has decided to offer quick and easy loans to small merchants. The fintech startups has partnered with P…
VC-backed deals in fintech space decline to five-quarter low: Report
Despite the buzz around start-ups working on financial technologies (fintech), investors globally and in India are approaching the sector with caution, a report said. According to ‘Pulse of Fintech’, a report from CB Insights and KPMG, venture capital (VC)-backed fintech funding fell 17% worldwid…
India can emerge as a dark horse in the world of Artificial Intelligence
AI is changing the world. In our lifetimes, we have seen a cloud revolution come in, then came in the mobiles. Now is the time for AI revolution. Similar sentiment was expressed by Sundar Pichai recently, when he said “I think we will evolve in computing from a mobile-first to an AI-first w…
London woos Indian start-ups; key to growth, jobs post Brexit
London’s technology sector is wooing Indian startups and software firms, which are among the key drivers of growth and jobs for the capital city and the wider UK economy. “India is the second largest investor into London, after the US… Despite concerns over foreign investment in…
Indian fintech start-ups a long way off from big global peers
Though IT trade body Nasscom claimed that India has more startups than China last week, the KPMG Fintech100 report for 2016 does not reflect it. In the top 100 fintech companies shortlisted from across countries, there are only three Indian startups that have made the cut, while China dominates t…
Start-up Europe India Network will help in cross-fertilisation of talent: EU
The Start-up Europe India Network will help cross-fertilisation of talent between the growing Indian market and the dynamic European market, European Union’s Ambassador to India Tomasz Kozlowski tells in an interview. Edited excerpts: Q: What is the EU’s role in this mega India-Europe startup ini…