2016 has been a good year with uncertainty waning in the US. According to Venture Pulse, a quarterly report on global VC trends published by KPMG, there are signs of optimism in the venture capital (VC) market as total investment in the first quarter of 2017 by US VC-backed companies reached $17.…
Tag: KPMG
‘FinTech: The growth propeller for MSMEs’
Demonetisation affected many people in many ways. But the most to feel the heat were small and medium business owners. Largely a cash intensive market, scrapping of Rs 500 & Rs 1000 notes and scarcity of lower denomination notes drove them to adopt digital payment tools to keep the business g…
Fintech periodic table: Key enablers & drivers influencing Indian fintech start-ups
The Indian FinTech start-up environment is blossoming and bursting at its seams. Some of the more popular sub-sectors such as payments, e-commerce are close to saturation while other sub-sectors, including consumer and enterprise finance are yet to receive adequate start-up attention. Moreover, a…
NPA की हकीकत: बैंकों के डूबते कर्ज का उद्योगों से लेकर हर किसी की जिंदगी पर असर
‘बैड डेट’, ‘एनपीए’ या ‘स्ट्रेस लोन’ जैसे शब्द आजकल आम आदमी की जुबान पर भी आ गए हैं. और ये तथ्य देश के बैंकिंग सेक्टर की डरावनी असलियत को बताने के लिए काफी है. दरअसल, पिछले कुछ सालों में बैंकों के नॉन परफॉर्मिंग एसेट्स यानी एनपीए इतनी तेजी से बढ़े हैं कि अब इन पर चर्चा सिर्फ […]
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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…
Online aggregator of budget salons Be U Salons secures $619k funding
Delhi-based chain of standardised salons, Be U Salons has secured $619K (INR 4 Cr) in its Seed round of funding from a clutch of investors from UAE, Singapore, and India. The funding round was led by Gaurav Kachru from 5 ideas Startup Superfuel and saw participation from Jatin Aneja, Partner at S…
70% of India’s small, mid-sized firms yet to start GST preparations
About 70% of the country’s small and mid-sized firms are yet to begin preparations to get synced with the goods and services tax (GST) structure even as the country prepares to roll out the biggest indirect tax reform from July 1. Consulting major KPMG and the Federation of Small Medium Enterpris…
Healthcare start-ups revolutionising Indian healthcare?
Indian Healthcare sector is one of the largest sectors contributing to 6% of the country’s GDP. Yet, with 21% of world’s disease burden, the doctor patient ratio being as bad as 1:1700 and out of pocket expenditure as high as 62% of total healthcare spending, the sector is riddled with structural…
Why most healthcare start-ups are bleeding
Ahmedabad: Not many digital healthcare start-up has achieved break-even mainly because of the absence of ‘assisted e-commerce’ in an industry driven mostly by doctors, pharmaceutical companies and their associations. Slow growth, difficulty in getting all the stakeholders, including consumers, on…
Banks & fintech start-ups see more value in cooperation than in rivalry
In 2011, ICICI Bank was confronted with a unique problem. Most of the frontend staff of India’s largest private sector bank by consolidated assets were reasonably fresh, and had to be quickly trained to interact online with customers. A lot of time was wasted toggling between multiple screens to …