Online medicine delivery aggregator eSwasthya.in raised undisclosed angel fund from Lothal Angel Ventures while food tech focused analytic platform – Jolly Food Fellow has raised its pre-series A round of funding by angel investor Janak Parikh, MD of Malibu Group. Ahmedabad-based startup eS…
Tag: MSME
Wipro Ventures invests in US-based Emailage Corporation
Wipro Ventures, the $100-million venture capital arm of Wipro, has invested an undisclosed amount in US-based fraud prevention solution startup Emailage Corp for a minority stake, marking India’s third largest software exporter’s seventh such investment in early-stage ventures over th…
Nextra may dilute up to 24% stake to raise funds for expansion
Nextra Teleservices, which offers high speed internet services over broadband and WiFi in Delhi, plans to dilute up to 24% stake to raise funds from private equity for expanding services across India. The four-year old startup which competes with but trails broadband services providers Bharti Air…
Amadeus Capital eyes marketplaces, Ed-Tech and FinTech Firms
UK-based global technology investor Amadeus Capital is betting on marketplaces, EdTech, FinTech and product-based SaaS (software as a service) companies in India. Amadeus recently announced its first direct investment in the country, in maketplace IndiaMart. India investments will be made from th…
Start-ups bloom in small-town India
Raipur, Solan and Motihari are not what come to mind when one thinks of start-ups. But 800 start-ups have come up in the past year in Bihar, Chhattisgarh, Himachal Pradesh, Madhya Pradesh and Odisha, creating technology hubs in unlikely towns. Even as e-retail, health, education and payments star…
IL&FS to launch portal for SMEs of textile and apparel sector
IL&FS (Industrial Leasing and Financial Services) plans to launch an e-platform to bring multiple SMEs together and link them with financing agencies, financial advisors and technology and marketing consultants. Besides, the platform ‘Enterprise Development Services’ will also all…
India’s trade deficit with China increases to over Rs 3 lakh crore in 2015 | Nirmala Sitharaman
India’s trade deficit with China increased to $51.86 billion (Rs 3.47 lakh crore) in 2015, Parliament was informed on March 14. “Increasing trade deficit with China can primarily be attributed to the fact that Chinese exports to India rely strongly on manufactured items meeting the de…
36 ‘white’ industries exempt from green clearance | Prakash Javadekar
It is time to rejoice for SMEs related to cotton and woolen hosiery, wind power, solar power, handloom weaving, toys, air coolers, etc as government has kept these industries in white category so that there is no need to take environmental clearance from government for such industries. A new cate…
With augmented reality/virtual reality, startups create a new world
At the TED 2016 conference in Vancouver a couple of weeks ago, Steven Spielberg and Harrison Ford stepped into The Void, a interactive virtual reality experience. The Hollywood biggies used the technology to be transported to another environment — they got to walk around an ancient tomb, feel the…
India mulls joining International alliance of Pharma regulators
The government is contemplating joining a global alliance of pharmaceutical regulators, a move that could help local companies scale up to international standards. The development comes even as Indian drug producers are facing heightened scrutiny for quality related lapses. According to an offici…