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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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Onato raises USD 2.2 mn from Vertex Ventures, Omnivore, others

Onato raises USD 2.2 mn from Vertex Ventures, Omnivore, others

Tue, Oct 19, 2021

Onato has raised USD 2.2 million from investors to expand its business.

Lagnam Spintex announces Q2FY22 results; PAT increases by 438% YoY

Lagnam Spintex announces Q2FY22 results; PAT increases by 438% YoY

Mon, Oct 18, 2021

The EBIDTA of the company for the half year ending on 30th Sept, 2021 was Rs.25.96 as against EBIDTA of Rs. 1.81 Cr for the corresponding half year of last FY.

Arrivae raises Rs 50 crore in funding round led by Rakesh Jhunjhunwala

Arrivae raises Rs 50 crore in funding round led by Rakesh Jhunjhunwala

Thu, Oct 14, 2021

The funding round also saw the participation of Enam family, Siddharth Yog (Founder, Xander Group), Anand Jain (Chairman, Jai Corp), Harsh Jain (Founder, Dream 11) and Ramesh S. Damani (Chairman, DMart)

Shri Venkatesh Refineries get listed on BSE SME platform

Shri Venkatesh Refineries get listed on BSE SME platform

Mon, Oct 11, 2021

Shri Venkatesh Refineries Ltd on Monday got listed on BSE's SME platform, a release said. It became the 350th company to get listed on the platform.

MSME digital court launched to resolve small businesses' disputes

MSME digital court launched to resolve small businesses' disputes

Mon, Oct 04, 2021

A slew of development schemes have been announced in order to increase the sector’s contribution to GDP to 50%.

Homeville raises USD 7 million from investors including 9Unicorns, Varanium NexGen

Homeville raises USD 7 million from investors including 9Unicorns, Varanium NexGen

Thu, Sep 30, 2021

Homeville, a financial technology startup in housing finance, has raised USD 7 million (around Rs 51 crore) from investors including 9Unicorns, Varanium NexGen Fund, JITO Angel Network, and Blacksoil.

Lagnam Spintex migrates from NSE Emerge to main board of NSE

Lagnam Spintex migrates from NSE Emerge to main board of NSE

Wed, Sep 29, 2021

Lagnam Spintex said that the Company has received approval from the National Stock Exchange of India Limited on Tuesday, 28th September 2021 for the migration of 17669000 equity shares from the SME Emerge platform to the Capital Market Segment (Main Board) of National Stock Exchange of India Limited w.e.f. September 30, 2021.

'Flipping' by startups poses security threat, says SJM

'Flipping' by startups poses security threat, says SJM

Sun, Sep 26, 2021

Flipping means a transaction where an Indian company incorporates a firm in a foreign jurisdiction, which is then made the holding company of the subsidiary in India. The most favourable foreign jurisdictions for Indian companies are Singapore, the United States and the United Kingdom

Biz2Credit plans to hire over 150 employees by this year-end

Biz2Credit plans to hire over 150 employees by this year-end

Fri, Sep 24, 2021

Online lending platform Biz2Credit is planning to strengthen its tech team by adding over 150 new employees in 2021 across various positions, including entry-, mid- and senior-level positions, the company said on Tuesday.

Nandan Terry plans Rs 60 crore investment to raise production capacity

Nandan Terry plans Rs 60 crore investment to raise production capacity

Wed, Sep 22, 2021

This capacity increment, which is expected to be operational by March 2022, will go forward with a Capex of close to Rs 60 crore, entirely funded by banks and promoters, Nandan Terry said in a statement.

Mindler raises USD 1.5 million in pre-series A funding

Mindler raises USD 1.5 million in pre-series A funding

Tue, Sep 21, 2021

Mindler now has investors from USA, Singapore, Middle East and India.

Retail startup Gobbly raises Rs 7.2 cr from investors for expansion

Retail startup Gobbly raises Rs 7.2 cr from investors for expansion

Tue, Sep 14, 2021

Agility Ventures and other notable angels like Kunal Shah (Cred), Anupam Mittal (People Group), Jitendra Bhandari (Nic Naturals), Sameer Chugh(Mosambee), and Mihir Agarwal (Ex PE professional and Entrepreneur) also participated in the round

AMNS India, NSIC ink MoU to provide critical steel products to MSMEs

AMNS India, NSIC ink MoU to provide critical steel products to MSMEs

Mon, Sep 13, 2021

"AMNS India and NSIC join hands to revive MSMEs. AMNS India and NSIC teams will develop a network which will deliver critical products to the hard-hit MSME segment," the statement said

NARCL debut would lead ARCs to scout for stressed assets in MSME, retail space: Crisil

NARCL debut would lead ARCs to scout for stressed assets in MSME, retail space: Crisil

Mon, Sep 13, 2021

It can be noted that Finance Minister Nirmala Sitharaman had in her Budget speech for 2021-22 announced the creation of NARCL or bad bank to resolve large cases of stress, and is now closing fruition

CITD obtains PATENT for 'Anaar' firework making machine; this MSME Tool Room nade joint application with Sivakasi-based Standard Fireworks Pvt Ltd

CITD obtains PATENT for 'Anaar' firework making machine; this MSME Tool Room nade joint application with Sivakasi-based Standard Fireworks Pvt Ltd

Sun, Sep 12, 2021

Hyderabad-based Central Institute of Tool Design (CITD) has obtained a patent for making an automatic machine for the production of conical-shaped fireworks or 'Anaar', the MSME ministry has said

Google brings accelerator programme for digital news startups in India

Google brings accelerator programme for digital news startups in India

Thu, Sep 09, 2021

Under its Google News Initiative (GNI), the tech giant will offer a four-month programme that "seeks to help independent local or single-subject journalism organisations find a pathway to financial and operational sustainability through intensive coaching, skills training and other support"

Small Business - Bikayi raises USD 10.8 million in Series-A funding led by Sequoia Capital India

Small Business - Bikayi raises USD 10.8 million in Series-A funding led by Sequoia Capital India

Sun, Sep 05, 2021

Mobile-commerce services company Bikayi has raised USD 10.8 million in Series-A funding round led by Sequoia Capital India, according to a company press release. Earlier in August 2020, the company had raised USD 2 million as a part of its seed round of funding led by Y Combinator.

USD 17.2 bn infused in Indian startup ecosystem by venture capital firms during Jan-July: Report

USD 17.2 bn infused in Indian startup ecosystem by venture capital firms during Jan-July: Report

Sun, Aug 22, 2021

Some of the big VC deals included those in Udaan, Lenskart, Zomato, Swiggy, PharmEasy, Meesho, Pine Labs, Zeta, Cred, RazorPay, HealthifyMe, Byju's, Unacademy, Eruditus, Vedantu, Dunzo, Bira 91, Boat, Mamaearth, MyGlamm, Uniphore Software Systems, Yellow.Ai, Entropik and others

MSME NATIONAL SUMMIT and AWARDS 2021: ‘State governments should identify unique products in their respective districts'

MSME NATIONAL SUMMIT and AWARDS 2021: ‘State governments should identify unique products in their respective districts'

Tue, Aug 10, 2021

The MSME NATIONAL SUMMIT AND AWARDS 2021 will be focusing on important sectors and their challenges to combat the COVID crisis, and find new growth opportunities

MSME - Walmart-owned Flipkart, IIM Sambalpur partner to support small businesses, artisans

MSME - Walmart-owned Flipkart, IIM Sambalpur partner to support small businesses, artisans

Sun, Aug 08, 2021

Walmart-owned Flipkart on Saturday said it has partnered with the Indian Institute of Management (IIM), Sambalpur, to support and promote small businesses, artisans and weavers by leveraging technology, e-commerce platform and market insights

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