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Indian startups raise over $138 million this week

Indian startups raise over $138 million this week

Sat, Nov 09, 2024

The Indian startup ecosystem raised more than $138 million this week which includes three growth-stage funding and 20 early-stage deals. At least 25 domestic startups raised nearly $138.7 million in funding.

Seeds Fincap raises USD 8.5 million from Lok, Matrix

Seeds Fincap raises USD 8.5 million from Lok, Matrix

Wed, Jul 17, 2024

The small businesses-focused lender will be using the funds to expand lending capabilities, enhance technological infrastructure, and broaden branch footprint, as per an official statement.

Optimo Loan raises $10 million from Blume Ventures, Omnivore

Optimo Loan raises $10 million from Blume Ventures, Omnivore

Wed, Mar 20, 2024

Optimo Loan on Wednesday announced that it raised $10 million in seed funding from venture capital firms Blume Ventures and Omnivore, with additional contribution from the company's founder, Prashant Pitti.

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Big boost to ‘Make in India’ and ‘Aatmanirbhar Bharat’! Now, sellers must mention ‘country of origin’ on products for GeM platform

Big boost to ‘Make in India’ and ‘Aatmanirbhar Bharat’! Now, sellers must mention ‘country of origin’ on products for GeM platform

Tue, Jun 23, 2020

In a major push for self-reliant India, the government has made it mandatory to mention ‘country of origin’ on products for GeM platform. The decision would also give a major boost to Make in India products. GeM or Government e-Marketplace is the online trading platform for state-run agencies.

Banks' loan disbursement to MSMEs rise over Rs 21K cr

Banks' loan disbursement to MSMEs rise over Rs 21K cr

Sat, Jun 20, 2020

The Narendra Modi government is going all out to ensure that liquidity concerns of the MSME sector are addressed on priority under its Emergency Credit Line Guarantee Scheme (ECLGS).

Google to support Indian startups creating solutions for the new normal

Google to support Indian startups creating solutions for the new normal

Wed, Jun 17, 2020

Google on Wednesday expanded its programme for startups to support startups working on the solutions to solve real-life challenges towards the new normal post COVID-19 landscape in India.

Team India batsman Shikhar Dhawan invests in Yoga brand SARVA

Tue, Jun 16, 2020

Team India batsman Shikhar Dhawan has invested in Yoga brand SARVA. Dhawan is a fitness enthusiast and has been practicing Yoga for a long time now. It is believed that the opener took help of Yoga to recover from his recent injury.

GST Council Meeting: Top 5 decisions FM Nirmala Sitharaman announced today that brought relief for small traders

GST Council Meeting: Top 5 decisions FM Nirmala Sitharaman announced today that brought relief for small traders

Fri, Jun 12, 2020

In the 40th GST Council Meeting held today through video conferencing, Finance Minister Nirmala Sitharaman led Goods and Services Tax (GST) Council took five decisions that have brought huge relief to small traders.

Four Ola drivers fleece lakhs from company using fake location app technology

Four Ola drivers fleece lakhs from company using fake location app technology

Fri, Jun 12, 2020

A bunch of Ola drivers in Bengaluru have used a fake location app technology to fleece lakhs from the company. A police official on Thursday confirmed that as many as four Ola driver partners have been arrested for hoodwinking the startup and fleecing it of lakhs of rupees using a fake location app technology, a police official said on Thursday.

IIFL to help Fintech Startups facing financial crisis; launches #IIFLDisrupt

IIFL to help Fintech Startups facing financial crisis; launches #IIFLDisrupt

Thu, Jun 11, 2020

Financial services serial entrepreneur and India Infoline Limited (IIFL) founder Nirmal Jain today announced the launch of #IIFLDisrupt- an initiative to collaborate with the Fintech startup ecosystem.

Mahindra Group Chairman Anand Mahindra believes he has found the startup he was looking for, finally!

Mahindra Group Chairman Anand Mahindra believes he has found the startup he was looking for, finally!

Wed, Jun 10, 2020

Mahindra on Wednesday tweeted that he is investing $1 million in Gurugram-based Hapramp -- a startup working on technologies like blockchain and social media. The startup was founded in 2018 by five students of Indian Institute of Information Technology-Vadodara.

Now book Uber at Rs 189 for one-hour/10 km in 17 Indian cities

Now book Uber at Rs 189 for one-hour/10 km in 17 Indian cities

Tue, Jun 09, 2020

Ride-hailing major Uber on Monday launched Hourly Rentals, a 24x7 on-demand intracity service which allows riders to retain a car with its driver for several hours and make multiple stops on their journey at Rs 189 for a one-hour/10 km package.

Aatmanirbhar Bharat: FM Sitharaman assures SC, ST MSMEs to address issues regarding relief package

Aatmanirbhar Bharat: FM Sitharaman assures SC, ST MSMEs to address issues regarding relief package

Fri, May 29, 2020

Aatmanirbhar Bharat: In a bid to strengthen 'Aatmanirbhar Bharat Abhiyan' post Coronavirus lockdown, Nirmala Sitharaman has said that Centre will address issues of SC-ST entrepreneurs regarding relief package announced earlier this month.

Social networking app gives grants to 13 small Indian businesses

Social networking app gives grants to 13 small Indian businesses

Thu, May 28, 2020

In an initiative to serve local communities and support small businesses, social networking app Bumble is giving out grants worth a lakh rupees each to 13 entrepreneurs in India.

600 Indian employees sacked by Uber cabs due to COVID19 impact

600 Indian employees sacked by Uber cabs due to COVID19 impact

Tue, May 26, 2020

The coronavirus crisis continues to make life difficult for start-ups in India with several of them forced to sack employees in huge numbers. The latest to do so is Uber India, which has let go off 600 employees in the country or about 25 per cent of its workforce.

Canara Bank releases emergency loan facilities for MSMEs during lockdown

Canara Bank releases emergency loan facilities for MSMEs during lockdown

Sat, May 23, 2020

Canara Bank Emergency Loan: In order to meet the temporary liquidity mismatch arising out of COVID-19 outbreak, Canara Bank has announced `CANARA CREDIT SUPPORT` for all of their borrowers who have been affected by COVID-19.

Coronavirus bites Indian startups: Now, Ola fires 1400 people, calls it toughest decision

Coronavirus bites Indian startups: Now, Ola fires 1400 people, calls it toughest decision

Wed, May 20, 2020

The coronavirus crisis has hit the Indian startups hard with several of them being forced to lay off their employees. Zomato and Swiggy have already announced that they will let go off a major part of their workforce. Now, Ola has joined the list with cab aggregator announcing that it will let go of 1400 employees due to COVID-19 impact.

Snapdeal resumes delivery services in all pin codes, offers cash on delivery option

Snapdeal resumes delivery services in all pin codes, offers cash on delivery option

Wed, May 20, 2020

E-commerce platform Snapdeal has restored service in 100 per cent of the pin codes that it was serving before the Covid-19 linked restrictions disrupted deliveries.

Gautam Gambhir backed tech health solution to help companies test employees daily for COVID-19

Gautam Gambhir backed tech health solution to help companies test employees daily for COVID-19

Tue, May 19, 2020

A new community health monitoring solution will help enterprises in India to test their employees for COVID-19 on a daily basis and the precautionary measures accordingly. Backed by former team India batsman and current Lok Sabha member Gautam Gambhir, the solution was launched in India on Monday.

Investors pour billions into automated delivery startups - Waymo, AutoX, Boxbot to Gatik

Investors pour billions into automated delivery startups - Waymo, AutoX, Boxbot to Gatik

Tue, May 19, 2020

Since September, investors have pumped at least $6 billion into more than two dozen startups that are automating delivery of goods and food, from heavy trucks to sidewalk robots and drones. Using the sources from PitchBook and Reuters analysis, here are some among them. Photo: Reuters

Swiggy to lay off 1100 people! Company says committed to provide financial support

Swiggy to lay off 1100 people! Company says committed to provide financial support

Mon, May 18, 2020

Food delivery company Swiggy said on Monday that it will lay off 1,100 employees over the next few days in the wake of the coronavirus outbreak which has had a severe impact on business.

On payments due to MSMEs, Ministry of Finance tells CPSEs to make sure regular payments are cleared expeditiously

On payments due to MSMEs, Ministry of Finance tells CPSEs to make sure regular payments are cleared expeditiously

Fri, May 15, 2020

The Ministry of Finance has been monitoring, on a monthly basis, the performance of the 32 top Maharatna and Navratna Central Public Sector Enterprises (CPSEs) to review their capital expenditure.

SBI explains how turnover-based MSME definition will help GST mechanism, transparency and more

SBI explains how turnover-based MSME definition will help GST mechanism, transparency and more

Thu, May 14, 2020

SBI is of the opinion that under the new tax regime, turnover declared by GST registered MSME units can be easily verified through GSTN (Goods and Service Tax Network).

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