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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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Consumer neo-banking platform Niyo raises USD 100 mn in funding led by Accel, Lightrock

Consumer neo-banking platform Niyo raises USD 100 mn in funding led by Accel, Lightrock

Fri, Feb 25, 2022

Consumer neo-banking platform Niyo has raised USD 100 million (about Rs 750 crore) from a group of private equity firms led by Accel and Lightrock India, the company said on Thursday

Economic recovery uneven, government should continue support measures for affected sectors, says UBS report

Economic recovery uneven, government should continue support measures for affected sectors, says UBS report

Thu, Feb 24, 2022

Pointing out that the ongoing recovery is still uneven and not broad-based, a foreign brokerage report said the government should continue the income support measures for the affected sectors.

Giift invests Rs 225 crore in Xoxoday in equity deal

Giift invests Rs 225 crore in Xoxoday in equity deal

Thu, Feb 24, 2022

Loyalty management solutions provider Giift has invested USD 30 million, about Rs 225 crore, for buying significant but undisclosed stake in fintech firm Xoxoday, the company said Wednesday

Wholsum Foods raises USD 7 mn from Dubai wealth fund, Fireside Ventures

Wholsum Foods raises USD 7 mn from Dubai wealth fund, Fireside Ventures

Wed, Feb 23, 2022

Millet-based food start-up Wholsum Foods, which sells children's food brand Slurrp Farm, has raised USD 7 million led by Investment Corporation of Dubai, which is the sovereign wealth fund of the emirate, and existing investor Fireside Ventures

Wealth Guide: MSME loans, types, eligibility, how to avail and more - What small business owners should know

Wealth Guide: MSME loans, types, eligibility, how to avail and more - What small business owners should know

Wed, Feb 23, 2022

Even after setting up, the basic requirements would be to replenish stock, create partnerships with retail businesses and expand the business.

Fleet management platform Fleetx raises $19.4 mn in Series-B funding

Fleet management platform Fleetx raises $19.4 mn in Series-B funding

Tue, Feb 22, 2022

Fleet management platform Fleetx.Io has raised USD 19.4 million (about Rs 145 crore) in series-B funding led by IndiaMart, the startup firm said on Tuesday. Existing investors IndiaQuotient and Beenext also participated in the round.

India-UAE Trade Deal: Opportunities for MSMEs, start-ups to employment generation for youth; what are the benefits of the deal? See what Union Minister Piyush Goyal said

India-UAE Trade Deal: Opportunities for MSMEs, start-ups to employment generation for youth; what are the benefits of the deal? See what Union Minister Piyush Goyal said

Sun, Feb 20, 2022

The Comprehensive Economic Partnership Agreement (CEPA) was signed between India and the United Arab Emirates on Friday.

Insuremile raises pre-seed funding of USD 35,000 from two Kolkata based investors

Insuremile raises pre-seed funding of USD 35,000 from two Kolkata based investors

Fri, Feb 18, 2022

Insuremile has raised pre-seed funding of USD 35,000 from two Kolkata based investors with an aim to take insurance services to the hinterland while empowering over 200 million gig-workforce in the country

Mobility start-up firm Automovill launches accidental claims app to reduce cost

Mobility start-up firm Automovill launches accidental claims app to reduce cost

Thu, Feb 17, 2022

Mobility start-up Automovill has introduced a mobile application for registration and processing of accidental claims for all motor insurance agents and brokers across the country, an official said on Tuesday

RBI relief to NBFCs, MSMEs; banking regulator defers implementation of NPA circular till 30 September

RBI relief to NBFCs, MSMEs; banking regulator defers implementation of NPA circular till 30 September

Wed, Feb 16, 2022

In a big relief to the NBFCs, the Reserve Bank of India (RBI) has deferred implementation of its 12 November circular on the Non-Performing Assets (NPAs) till 30 September 2022. The banking regulator's relief came in after the Non Banking Finance Companies apprised the Central Bank about the difficulties being faced by the sector.

Pre-owned car retailing platform Spinny acquires AI-powered car connectivity solutions startup Scouto

Pre-owned car retailing platform Spinny acquires AI-powered car connectivity solutions startup Scouto

Thu, Feb 10, 2022

Pre-owned car retailing platform Spinny on Thursday said it has acquired 100 per cent stake in Ahmedabad-based startup Scouto, a move that marks consolidation in the AI-powered used car solutions space

Logistics firm Xpressbees raises USD 300 mn in funding from Blackstone Growth, others

Logistics firm Xpressbees raises USD 300 mn in funding from Blackstone Growth, others

Wed, Feb 09, 2022

"We are excited to welcome our new partners Blackstone Growth, TPG Growth, and ChrysCapital in our growth journey. With their vast network and operational expertise, we believe that they will further fuel our efforts in pursuing new opportunities and will help expand our footprint," said Amitava Saha, founder-CEO, Xpressbees

Meeting on PM-MITRA scheme today; labour rules, incentives likely to be discussed with states

Meeting on PM-MITRA scheme today; labour rules, incentives likely to be discussed with states

Tue, Feb 08, 2022

A meeting between the Ministry of Commerce and Textiles and the states is scheduled to take place today on Mega Integrated Textile Region and Apparel (PM MITRA) parks.

Agritech startup EekiFoods raises USD 2 mn from Avaana Capital, others

Agritech startup EekiFoods raises USD 2 mn from Avaana Capital, others

Fri, Feb 04, 2022

Agritech startup EekiFoods on Friday said it has raised USD 2 million (about Rs 15 crore) from investors, including Avaana Capital, to expand its business and upgrade technology. The company was founded in December 2018 by IIT Bombay Alumni Abhay Singh and Amit Kumar

Budget 2022: Rs 283.5 cr allocation for Startup India Seed Fund Scheme by government; higher than RE of Rs 100 cr

Budget 2022: Rs 283.5 cr allocation for Startup India Seed Fund Scheme by government; higher than RE of Rs 100 cr

Thu, Feb 03, 2022

In April 2021, the government rolled out the Startup India Seed Fund Scheme (SISFS), which aims to provide financial assistance to start-ups for proof of concept, prototype development, product trials, market-entry, and commercialisation

Budget 2022: MSME sector group hails budget; another trade body dismayed over absence of tax sops

Budget 2022: MSME sector group hails budget; another trade body dismayed over absence of tax sops

Wed, Feb 02, 2022

A leading organisation representing Micro, Small and Medium Enterprises (MSMEs) on Tuesday praised the Union Budget for 2022-23, saying its proposals are based on "long-term thinking", while another business association expressed disappointment over pandemic-hit salaried class not getting any income tax relief.

Rs 7.50 lakh crore Capital Expenditure will create 35 lakh employment opportunities: Ashwini Vaishnaw, Minister of Railway

Rs 7.50 lakh crore Capital Expenditure will create 35 lakh employment opportunities: Ashwini Vaishnaw, Minister of Railway

Wed, Feb 02, 2022

Ashwini Vaishnaw talks about the budget and says this investment of Rs 7.50 lakh crore will create 35 lakh employment opportunities during an exclusive interview with Zee Business.

E-mobility start-up, VAAN Electric Moto, launches e-bikes in India

E-mobility start-up, VAAN Electric Moto, launches e-bikes in India

Sat, Jan 22, 2022

Union Minister of State for Skill Development, Entrepreneurship, Electronics and IT, Rajeev Chandrasekhar, launched the Van Electric Moto brand in India in a virtually held event in Kochi on Friday

AIMA introduces 6-month management course for MSME promoters, managers - What small businesses need to know

AIMA introduces 6-month management course for MSME promoters, managers - What small businesses need to know

Fri, Jan 21, 2022

The All India Management Association (AIMA) on Friday said it has introduced a six-month management course for promoters and managers of micro, small and medium enterprises (MSMEs).

Indian MSMEs have manufacturing cost advantage in global value chain

Indian MSMEs have manufacturing cost advantage in global value chain

Fri, Jan 21, 2022

MSMEs contribute around 30 per cent to India's GDP and have a 50 per cent share in the country's exports.

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