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…
Tag: Lendingkart
‘Challenges & Opportunities in Indian SMBs’
When Vignesh Rajamanickam returned from recession hit UK, he brought back a home utility product for his mother. It wasn’t until the “clothes drying stand” received the adoration that it did in the small town of Coimbatore, did Rajamanickam realise that there was a market for this in India. Seven…
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…
In the absence of RBI guidelines, a code of conduct for digital lending start-ups
Bengaluru: The Digital Lenders Association of India, an industry body of about 20 startups in the digital lending space, has laid down a general code of conduct for its members which is likely to ensure more transparency in this nascent sector yet to be governed by specific guidelines by the Rese…
India’s fintech sector rises to 72 start-ups in last 3 years
Fintech start-ups in the country has seen a large growth in recent times in India. At a time when the government has been aggressively pushing for digital payments and bringing into a formal ID system, increased funding and tax reliefs have pushed such start-ups. There are currently 72 start-ups …
Fintech start-up Perfios raises about Rs 40 cr from Bessemer VP
Fintech company Perfios Software Solutions has raised about Rs 40 crore in its series-A round from Bessemer Venture Partners. The Bengaluru-based firm, founded in 2009 by V R Govindarajan and Debasish Chakraborty, plans to use the funds for organic and inorganic expansion. “We will use the funds…
Eruditus raises Rs 53 cr from Bertelsmann India in series-B round
Bengaluru: Eruditus Executive Education, a provider of executive education programmes, has raised $8 million (about Rs 53 crore) in a series-B funding round from Bertelsmann India Investments. The company plans to use the funds to add new programmes with the existing and new university partners a…
IDG, Accion to invest more in CreditMantri
Chennai-based online credit management startup CreditMantri Finserve Pvt. Ltd is set to raise Rs 51 crore ($7.6 million) in Series B funding from new and existing investors. Citing filings with the Registrar of Companies (RoC), The company has approved the resolution for the fund-raise. Existing …
Gujarat awaits a brand new start-up policy in 2017
Ahmedabad: Gujarat will come up with a comprehensive startup policy this year that would be an extension of the policies already in place. Gujarat Industrial Development Corporation vice-chairperson D Thara said the new policy would be better and more practical. Existing policies will not be disc…
SME lenders laud govt’s move
The central government’s decision to increase the credit guarantee for small companies would help wean away the latter’s dependence on money lenders, says lenders to the segment. In the backdrop of currency demonetisation, Prime Minister Narendra Modi had over the weekend announced some help for …