SME Archives

Govt to create equity fund for start-ups with 20 pc limited partnership: MoS IT

“The finance minister has announced that there will be such a fund where the government will be a 20 per cent limited partner and it will be managed by private fund managers. The government will create a new equity fund for start-ups with a 20 per cent limited stake to provide additional capital support to …

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February 19, 2022
161
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B2B etailer Elasticrun raises $330 million from Softbank and others, eyes $10 billion GMV in 4 years

SoftBank Vision Fund 2 led the investment round by infusing $200 million in Elasticrun while Naspers, Prosus, Goldman Sachs Assets Management and existing investors Chimera and Innoven jointly infused $130 million the rural market-focussed B2B firm at an enterprise valuation of around $1.5 billion B2B e-commerce platform Elasticrun has raised USD 330 million from Softbank …

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Goldman Sachs SME SoftBank Softbank Corp

February 17, 2022
217
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Mumbai’s landmark Khadi Emporium, oldest such shop in country, banned from selling Khadi products

Last year, KVIC also forced online shopping portals to take down 140 web links that were selling non-Khadi products as “Khadi”. The nearly seven-decades-old ‘Khadi Emporium’ has been banned for selling fake Khadi products by the Khadi and Village Industries Commission (KVIC), a statement said on Saturday. The commission, which is under the Union Ministry …

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SME

February 5, 2022
152
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New Funding: Moglix valuation doubles to $2.6 billion

This investment was led by Tiger Global and Alpha Wave Global with Hong Kong-based Ward Ferry coming on board as a new investor. By Salman SH Moglix, which runs an online marketplace for industrial goods, on Friday raised $250 million in its latest Series F funding round, at a valuation of $2.6 billion. This investment …

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Industry SME

January 29, 2022
164
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o9 Solutions raises $ 295 million funding from General Atlantic, others

This marks an increase from the USD 1 billion valuation in April 2020 at the time of the company’s first-ever external investment led by KKR, a statement said. o9 Solutions on Wednesday said it has received equity investments totalling USD 295 million from General Atlantic, including its climate investing venture BeyondNetZero, Generation Investment Management and …

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Industry SME

January 26, 2022
201
Uncategorized

Roll back odd-even system for shops, markets in Delhi: Traders to govt as Covid cases decline

Ease of Doing Business for MSMEs: 9,197 fresh Covid cases and 34 deaths were reported in Delhi on Sunday even as the positivity rate declined to 13.32 per cent, as per the data by the health department. Ease of Doing Business for MSMEs: Traders’ body Confederation of All India Traders (CAIT) has urged Lt Governor …

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SME

January 23, 2022
167
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Harvard alumnus Shailesh Kumar Singh joins MSME Ministry as new Development Commissioner

Ease of Doing Business for MSMEs: The 1991 batch IAS completed his BTech in Electrical Engineering from IIT Kanpur in 1988 and Masters in Public Administration in International Development from Harvard University in 2019, according to his LinkedIn profile. Ease of Doing Business for MSMEs: Shailesh Kumar Singh, the Additional Chief Secretary cum Principal Secretary to Jharkhand …

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SME

January 18, 2022
201
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PayU offers small businesses instant credit access with repayment cycles from 1 week to 1 year

Credit and Finance for MSMEs: The credit amount ranges from Rs 25,000 to several crores with repayment cycles from 1 week to 1 year. The credit will be offered based on merchant’s transaction history. Credit and Finance for MSMEs: Online payments company PayU on Tuesday launched multiple solutions to ease credit and cash flow related challenges …

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SME

January 18, 2022
166
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MeitY invites MSMEs, startups, others under this govt programme to make India semiconductor hub

Technology for MSMEs: Proposals were invited in three categories – first, design and development of Systems, SoCs, ASICs, Reusable IP Cores; second, development of the application-oriented working prototype of IPs, ASICs, SoCs; and third, Proof-of-Concept oriented research and development of ASICs and FPGAs. Technology for MSMEs: A month after approving the Rs 76,000-crore production linked …

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SME

January 16, 2022
152
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Union Budget 2022: Fintech companies seek further tax regime liberalisation

Lower rated NBFCs face major liquidity challenges because funding by banks is predominantly directed towards top rated or government backed NBFCs. The fintech industry has urged Finance Minister Nirmala Sitharaman to further liberalise the tax regime for financial sector startups in the forthcoming Budget, arguing that it has an immense potential to promote financial inclusion …

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Budget 2022 Nirmala Sitharaman SME

January 16, 2022
231
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Govt to create equity fund for start-ups with 20 pc limited partnership: MoS IT

B2B etailer Elasticrun raises $330 million from Softbank and others, eyes $10 billion GMV in 4 years

Mumbai’s landmark Khadi Emporium, oldest such shop in country, banned from selling Khadi products

New Funding: Moglix valuation doubles to $2.6 billion

o9 Solutions raises $ 295 million funding from General Atlantic, others

Roll back odd-even system for shops, markets in Delhi: Traders to govt as Covid cases decline

Harvard alumnus Shailesh Kumar Singh joins MSME Ministry as new Development Commissioner

PayU offers small businesses instant credit access with repayment cycles from 1 week to 1 year

MeitY invites MSMEs, startups, others under this govt programme to make India semiconductor hub

Union Budget 2022: Fintech companies seek further tax regime liberalisation

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