The nascent yet burgeoning start-up ecosystem has caught the attention of SBI. The country’s largest bank will soon set up a first-of-its-kind branch to cater exclusively to the growing banking needs of start-ups. The bank has zeroed in on Bengaluru, the so-called Silicon Valley of India, for set…
Tag: Funding
Startups join hands to provide dine-in facility
Sneha Arya discovered Blue Apron, when she was studying in the US. She had heard about it on a niche broadcasting medium. The idea is simple: Order high-quality food but cook it yourself. Sounds difficult? Not really. Blue Apron sends consumers all ingredients needed to make a meal in the right p…
Bullet train project to create $51 billion MSME business
Mumbai-Ahmedabad bullet train project costing Rs 98,000-crore along with the diamond quadrilateral project that seeks to build 6,000 km of high-speed rail network can create a whopping $51 billion business opportunity for the MSME sector, as per the report. If the government makes 30 percent mand…
Investors are now appointing their own entrepreneurs
The practice of entrepreneurs looking for investors is passé. Now investors are appointing their own entrepreneurs. Taking a cue from a rapidly growing trend in the Silicon Valley, a few Indian venture builders, such as Mumbai-based Sparknext and T-labs, are looking for people who have the qualit…
Oddly, pink slips arrive @ Start-ups | Faulty biz models or funding crunch?
Ten months ago, Bhuwan Arora started up Oddity, an online content platform for news, videos and books. The 26-year-old IIT-Delhi alumnus relied on his personal savings and angel funding of Rs 25 lakh, which came in by April, to get the venture going. Over the next few months, Arora pitched his bu…
Govt. policies must boost small entreprenurs| Vivek Agarwal, CMD, GPA Group
New Delhi Head-Quartered GPA group was set up in 2010 and it commenced operations as small construction company with a small investment. At present the group is a business conglomerate — ranging from mobile phone manufacturing to tea estate – which has an annual turnover of Rs 200 cro…
SMEs must tap capital market for funds | S V Muralidhar Rao, ED, SEBI
The SMEs should make use of the opportunities emerging in the capital markets to get funds for their needs and for greater visibility in the market, according to S.V Muralidhar Rao, Executive Director of SEBI. He was speaking at an awareness programme organised by the NSE in association with Andh…
Big industries must support MSMEs | Kalraj Mishra
With large industries and banks not expressing enough interest for the growth of medium and small enterprises, the atmosphere across the country for MSMEs has not been favorable. To ensure that there are zero impediments for small and medium scale industries to flourish, the Central Government ha…