Digital lending in India set to grow to $100 billion by 2023: Report by Omidyar Network and BCG
The study says, India, with a largely level playing field, no dominant incumbents, and a range of entrants and business models can be successful in tapping the MSME lending market.
Wadhawan Global in talks to sell edu fin arm Avanse
Warburg Pincus, Kedaara Partners, CX Partners, PremjiInvest and Centrum Capital are in di...
Bias, networking fears: Women want to drive change in India's male-dominated VC industry
Across the start-up investment and entrepreneurship ...
Scripbox raises Rs 151 crore in Series-C Round
Scripbox had raised funds in 2016, when Omidyar Network had come in a year after it picked up its maiden institutional cheque.
Fintech startup Bon raises $1.1 million in a seed round led by Omidyar Network, Axilor, Better Capital
Bon facilitates digital credit for workers in the gig economy, like taxi and ride-share drivers and other contractors, many of whom are first-time borrowers of formal credit.
Budget 2019: For MSMEs, it would be prudent to have tax on profit rather than turnover
The strength of this backbone allows the country to grow seamlessly. However, with decisions like demonetisation and GST, MSMEs have faced severe disruptions.
Kaleidofin raises Rs 18 crore in seed round led by Omidyar Network
The capital raised in its seed round will accelerate Kaleidofin’s customer acquisition pan-India, expand the company’s network of strategic partners and enable deep investments in technology and analytics.
Quikr on realty expansion spree, acquires Chennai-based India Property Online
Quikr in a statement said that it has acquired India Property Online, a leading full-stack real estate platform. It, however, did not disclose the deal value.
ZineOne gets $2.5 million from Omidyar Network
Other investors include Harvard Business School Alumni Angels, Touchstone Equities, as well as existing investors Hyderabad Angels and Golden Seeds.
Essel Green-backed ZipGo acquires Pune-based Supreme Trans Concepts in cash-and-stock-deal
The development comes a little less than three months after Essel Green Mobility invested Rs 300 crore in ZipGo Technologies, in August earlier this year.
MSME eLending in for a gold rush
A survey of 1,500 MSME owners with annual business revenue between Rs 3 lakh and Rs 75 crore highlighted challenges for MSMEs in growing their business due to lack of formal credit.
RailYatri raises $10 million in Series B round led by Omidyar Network
Omidyar is expected to have invested about $4-5 million, said one of the persons cited above. RailYatri has so far raised $6 million since its inception in 2011.
COAI to examine implications of Supreme Court verdict on Aadhaar linkage with mobile connections
BankBazaar.com CEO Adhil Shetty also said clarifications are needed to figure out the exact impact of the judgement on the existing eKYC processes for opening a bank account.
50 million ecommerce shoppers drop out after first purchase
The findings explain why India’s online shopping is not keeping pace with its internet expansion.
Cultural barriers don't allow women to get online: Arpan Sheth, partner, Bain & Company
The key challenge is consumer ability and willingness to pay will remain muted due to relatively lower per capita incomes, which limits average online spends per user, says Arpan Sheth.
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