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MSME

Amazon pledges enabling USD 80 billion exports from India by 2030; partners DPIIT

Amazon pledges enabling USD 80 billion exports from India by 2030; partners DPIIT

Tue, Dec 10, 2024

E-commerce giant Amazon on Tuesday announced its commitment to enable USD 80 billion in cumulative exports from India by 2030 and said it has partnered with DPIIT to establish India as a global manufacturing hub.

DFC of US comits $40 million loans to UGRO Capital for MSME funding

DFC of US comits $40 million loans to UGRO Capital for MSME funding

Wed, Oct 16, 2024

This investment marks a critical step in UGRO Capital's journey to empower small businesses at the grassroots level and deepen financial inclusion across the country, the NBFC focused on MSME lending said in a statement on Wednesday.

5 crore MSMEs registered, aim to ramp up credit guarantees by another Rs 5 lakh crore: Centre

5 crore MSMEs registered, aim to ramp up credit guarantees by another Rs 5 lakh crore: Centre

Tue, Sep 10, 2024

According to Dr Rajneesh, additional secretary and development commissioner, Ministry of MSME, several MSMEs needed to register with the government, and it was estimated that there were around 6.5-7 crore MSMEs in the economy and only 1.65 crore MSMEs were registered till last year with the government.

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GST@5: MSME & Transport Special

GST@5: MSME & Transport Special

Thu, Jun 30, 2022

Discussion on GST with small businessmen. Problems of small businessmen not solved. What reforms do businessmen want in GST? When will the e-way bill system be improved? When will filing on the GST portal become easier? Watch GST@5: MSME & Transport Special.

Udyami Bharat Programme: PM Narendra Modi to launch several schemes on June 30 to ramp up MSME sector

Udyami Bharat Programme: PM Narendra Modi to launch several schemes on June 30 to ramp up MSME sector

Wed, Jun 29, 2022

Prime Minister Narendra Modi will participate in the `Udyami Bharat` programme and will launch several schemes on June 30.

Google invests in Indian fintech startup Progcap

Google invests in Indian fintech startup Progcap

Tue, Jun 28, 2022

Google has invested in Indian startup Progcap that caters to small and medium-sized businesses, as it raised $40 million in its Series C funding round.

ICICI Lombard to settle claims of up to Rs 5 lakh by MSMEs within 10 days

ICICI Lombard to settle claims of up to Rs 5 lakh by MSMEs within 10 days

Mon, Jun 27, 2022

The claims settlement process is a first-of-its-kind service to enable faster claim settlement for MSMEs and startups, ICICI Lombard said in a release.

Two-thirds of MSME loan originations concentrated in Maharashtra, Tamil Nadu, and Delhi: Credit information company data

Two-thirds of MSME loan originations concentrated in Maharashtra, Tamil Nadu, and Delhi: Credit information company data

Sat, Jun 25, 2022

The top 10 states account for 90 per cent of the originations value in 2021-22, while Maharashtra, Tamil Nadu and Delhi make up for 64 per cent of the total originations value in FY22, the data released by CRIF High Mark said.

India suffering from low labor participation rate, rupee depreciating in the world, says RBI Deputy Governor Michael Patra

India suffering from low labor participation rate, rupee depreciating in the world, says RBI Deputy Governor Michael Patra

Fri, Jun 24, 2022

RBI Deputy Governor Michael Patra on Friday said that India is suffering from a low labor participation rate. He said that the depreciation of rupees is the lowest in the world. RBI stands for the stability of the rupee and is defending the rupee against volatility. Zee Business Tarun Sharma's report.

Piper Serica launches Rs 100-cr angel fund for investing in startups

Piper Serica launches Rs 100-cr angel fund for investing in startups

Thu, Jun 23, 2022

Portfolio management service provider Piper Serica Advisors on Wednesday announced the launch of a Rs 100-crore angel fund to invest in early-stage companies that are using technology to either disrupt or significantly improve industries and processe

LeadSquared turns unicorn with USD 153 mn fundraise from WestBridge Capital

LeadSquared turns unicorn with USD 153 mn fundraise from WestBridge Capital

Wed, Jun 22, 2022

Sales automation SaaS platform LeadSquared has turned unicorn with a fresh fundraise of USD 153 million (around Rs 1,194 crore) from WestBridge Capital in a Series C round, the company said on Tuesday

Govt extends Telecom PLI Scheme for one year with additional incentives

Govt extends Telecom PLI Scheme for one year with additional incentives

Mon, Jun 20, 2022

The government's telecom PLI Scheme is extended by one year. And it is inviting applications for incentives of more than ₹ 4,000 crores

Ecozen raises first tranche of Series C funding led by Dare Ventures

Fri, Jun 17, 2022

Climate-smart deeptech startup Ecozen on Thursday said it has raised Rs 54 crore of additional funding in the first tranche of a planned Rs 200-crore Series C investment round

NBFCs to see Rs 18 lakh crore loans getting repriced in FY23: Crisil

NBFCs to see Rs 18 lakh crore loans getting repriced in FY23: Crisil

Tue, Jun 14, 2022

Non-banking financial companies are likely to witness close to Rs 18 lakh crore of their outstanding debt getting repriced at higher levels in FY23 amid the rising interest rate scenario, Crisil Ratings said in a report on Tuesday.

Fish, meat distribution startup FreshR raises USD 1.2 million in new funding round

Fish, meat distribution startup FreshR raises USD 1.2 million in new funding round

Thu, Jun 09, 2022

Fish and meat distribution startup FreshR has raised USD 1.2 million (Rs 9.33 crore) in a funding round led by Axilor Ventures and 1crowd, a release said on Thursday.

Startup Corner: 8 entities to test fintech products for MSME lending under RBI's regulatory sandbox

Startup Corner: 8 entities to test fintech products for MSME lending under RBI's regulatory sandbox

Wed, Jun 08, 2022

Eight entities, including SIDBI, have been allowed to test their fintech products for MSME lending as part of the third cohort under RBI's regulatory sandbox scheme

Funding Announcement News: Micro MSME fintech ARTH raises $2.5 million from DEG, MIT Alumni and US & Canadian angel investors

Funding Announcement News: Micro MSME fintech ARTH raises $2.5 million from DEG, MIT Alumni and US & Canadian angel investors

Tue, Jun 07, 2022

"At ARTH, we are trying to bring this refreshing change in financial services approach to being a proactive financing partner to the Micro MSME," Shweta Aprameya, Founder of ARTH, said.

Agri startup Arya.Ag acquires agri data science firm Prakshep

Agri startup Arya.Ag acquires agri data science firm Prakshep

Mon, Jun 06, 2022

Agri startup Arya.Ag has announced the acquisition of agriculture data science company Prakshep. Noida-based Arya.Ag is developing a public agri-blockchain ledger. The acquisition value was not disclosed

Used-car leasing startup PumPumPum raises USD 2 mn from LC Nueva, Lets Venture, others

Used-car leasing startup PumPumPum raises USD 2 mn from LC Nueva, Lets Venture, others

Fri, Jun 03, 2022

Pre-owned car subscription and leasing startup PumPumPum on Thursday said it has raised USD 2-million in equity from a host of investors, including LC Nueva Investment Partners, Founder's room capital, Lets Venture, among others

Edtech startup Cuemath raises USD 57 mn in funding led by Alpha Wave; valuation doubles

Edtech startup Cuemath raises USD 57 mn in funding led by Alpha Wave; valuation doubles

Thu, Jun 02, 2022

Edtech startup Cuemath has raised USD 57 million (about Rs 442 crore) in a fresh funding round led by Alpha Wave, the company said in a statement on Wednesday

India Global Innovation Summit: Bengaluru to host global conference for startups from June 2

India Global Innovation Summit: Bengaluru to host global conference for startups from June 2

Wed, Jun 01, 2022

The inaugural edition of IGIC is organised by strategic advisory firm Smadja & Smadja in a partnership with Karnataka Digital Economy Mission and the support of founding sponsors Catamaran Ventures and Tata Digital

Government approves guidelines for small business cluster development programme for 2021-26 period

Government approves guidelines for small business cluster development programme for 2021-26 period

Sat, May 28, 2022

The scheme aims at enhancing the competitiveness and productivity of micro and small enterprises by undertaking certain interventions.

Online tax advisory firm Taxbuddy.Com raises USD 2.10 mn in funding led by Zenith Global

Online tax advisory firm Taxbuddy.Com raises USD 2.10 mn in funding led by Zenith Global

Fri, May 27, 2022

Taxbuddy.Com, an online tax advisory company started by a former Indian Revenue Service officer Sujit Bangar, on Wednesday said it has raised USD 2.10 million (about Rs 16 crore) in funding led by UAE-based fund Zenith Global

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