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Blinkit's quarterly contribution margin turns positive for 1st time: Zomato CEO

Blinkit's quarterly contribution margin turns positive for 1st time: Zomato CEO

Sat, Nov 04, 2023

Zomato CEO Deepinder Goyal said that Blinkit is seeing good product market fit and is growing well in each of the cities that it is present in currently.

Casual puzzle gaming studio QuriousBit, home decor brand DecorTwist, cybersecurity firm Zeron raise funding

Thu, Sep 28, 2023

Casual puzzle gaming studio QuriousBit aims to utilise the funds from this seed round to build innovative games and curate a team for the casual mobile gaming studio.

Enkash expects business to grow by 36% to Rs 250 crore this fiscal

Enkash expects business to grow by 36% to Rs 250 crore this fiscal

Mon, Aug 07, 2023

Fintech firm Enkash expects its business to grow by 36 per cent to USD 30 million, about Rs 250 crore, in this fiscal on account of digitisation in small and medium business in the accounting segment, a senior official of the company said.

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RBI extends interest equalisation scheme for pre and post shipment rupee credit for MSME exporters till March 2024

RBI extends interest equalisation scheme for pre and post shipment rupee credit for MSME exporters till March 2024

Wed, Mar 09, 2022

The Reserve Bank on Tuesday extended the interest equalisation scheme for pre and post shipment rupee credit for MSME exporters till March 2024.

Women’s Day: This firm announces flexible working hours, baby care units for all female employees

Women’s Day: This firm announces flexible working hours, baby care units for all female employees

Tue, Mar 08, 2022

Saraf Furniture has announced an initiative to empower its women workforce.

Wealth Guide: How can a start-up wealth management firm balance and build differentiation through tech

Wealth Guide: How can a start-up wealth management firm balance and build differentiation through tech

Tue, Mar 08, 2022

There are many platforms that are offering retail-oriented products such as mutual funds, equity broking, and deposits to the very large retail customer base.

NIESBUD, rural development ministry join hands to support rural entrepreneurs

NIESBUD, rural development ministry join hands to support rural entrepreneurs

Tue, Mar 08, 2022

Rural entrepreneurs will be able to access banking systems, including MUDRA bank, for receiving financial support to start their enterprises under a pact signed between NIESBUD and the rural development ministry.

Pandemic spurs online sales of MSMEs: Report

Pandemic spurs online sales of MSMEs: Report

Mon, Mar 07, 2022

The pandemic has led to a surge in the share of online sales for micro, small and medium enterprises integrated with e-commerce platforms, thereby boosting their revenues and spurring hiring.

Agritech startup Otipy raises USD 32 million to expand business

Agritech startup Otipy raises USD 32 million to expand business

Mon, Mar 07, 2022

Agri-tech startup Otipy has raised USD 32 million (Rs 235 crore) from investors including Westbridge Capital to grow its business.

From bankruptcy to Rs 225 cr business! Know the story behind Osam Dairy

From bankruptcy to Rs 225 cr business! Know the story behind Osam Dairy

Sun, Mar 06, 2022

The company procures milk regularly from about 20,000 livestock farmers and distributes their products via 250 distributors and over 8,000 retailers across Bihar and Jharkhand.

Fintech startup Snapmint raises USD 9 mn from angel investors in series-A funding

Fintech startup Snapmint raises USD 9 mn from angel investors in series-A funding

Thu, Mar 03, 2022

Snapmint, a buy-now-pay-later platform, has raised USD 9 million in its series-A funding from a clutch of investors and industry leaders led by Prashasta Seth of Prudent Investment Managers.

Upswing Financial Technologies raises Rs 30 cr in funding from QED Investors, others

Upswing Financial Technologies raises Rs 30 cr in funding from QED Investors, others

Wed, Mar 02, 2022

Upswing Financial Technologies on Monday said it has raised USD 4 million (about Rs 30 crore) from marquee global fund QED Investors and a clutch of fintech founders

Honeywell and SID expand partnership at IISc to support 13 new startups

Honeywell and SID expand partnership at IISc to support 13 new startups

Tue, Mar 01, 2022

HHSIF and SID have extended their partnership to support 13 new startups at the Indian Institute of Science, as per reported by PTI.

Startups to lease 29 mn sq ft office space in 2022-24 in 6 cities; 30 pc more than 2019-21: Report

Startups to lease 29 mn sq ft office space in 2022-24 in 6 cities; 30 pc more than 2019-21: Report

Mon, Feb 28, 2022

The leasing of office space by startups is expected to rise 30 percent during 2022-24 across six major cities compared to the previous three years, according to a report.

India's 61,400 startups and 83 unicorns will boost realty; what is going to be the gamechanger?

India's 61,400 startups and 83 unicorns will boost realty; what is going to be the gamechanger?

Sat, Feb 26, 2022

The Indian startups have raised $42 billion in 2021, up from $11.5 billion in the previous year. The Indian government has also recognized 14,000 new startups in 2021.

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

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

IVY Growth Associates to make its mark with the Indian startup ecosystem creating 10 unicorns in 50 days

IVY Growth Associates to make its mark with the Indian startup ecosystem creating 10 unicorns in 50 days

Wed, Feb 23, 2022

Indian Startup Ecosystem has created 10 unicorns in just 50 days from the start of 2022.

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.

'Startup firms growing in India with 10% being added every year'

'Startup firms growing in India with 10% being added every year'

Tue, Feb 22, 2022

Nasscom Centre of Excellence for internet of things (IoT) and artificial intelligence (AI) CEO Sanjeev Malhotra said most of the start-ups are on the application side, while a lot of work has also been done in the field of software-aided services.

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.

Wealth Guide: Are you an entrepreneur? You can now raise funds for your business without any loan

Wealth Guide: Are you an entrepreneur? You can now raise funds for your business without any loan

Mon, Feb 21, 2022

But launching a business is not as easy as it sounds as one needs to have adequate financial resources to tackle expenses like infrastructure, rent, raw material, salaries, marketing budgets, and so on.

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