The Week that Was: Indian Startup News Overview (18 - 23 October)

Indian startups have made a bountiful harvest in the third quarter of 2021. Amid pandemic-induced rise in digitisation, investors, both global and ...

Saturday, 23 October 2021, 11:44 Hrs

RBI to cap NBFC IPO funding at Rs one crore per borrower

From April 1 next year, non-banking finance companies (NBFCs) will be unable to lend more than Rs 1 crore to investors seeking to buy stocks in ini...

Saturday, 23 October 2021, 09:31 Hrs

Minister Ashwathnarayan Says State Govt Aspires To Make Karnataka 'Hub For Indian Startups'

Karnataka Minister for Science and Technology Ashwathnarayan CN stated that the state government aspires to make Karnataka the startup hub of India...

Friday, 22 October 2021, 06:38 Hrs

India proposes creation of Special Working Group on Startups & Innovation at SCO meet

India has proposed the creation of a new Special Working Group on Startups and Innovation at the Shanghai Cooperation Organisation (SCO). Anupr...

Saturday, 16 October 2021, 12:54 Hrs

The Week that Was: Indian Startup News Overview (11 - 16 October)

Mobikwick and Cardekho have joined the league of unicorns in India in 2021, following another week of funding mania in the startup sector. Unicorns are companies worth over a billion dollars that are privately funded. This week has been fantastic for Indian start-ups as they continue to seek finance from both domestic and international investors...

SBI working towards Deft Financing Startups

SBI working towards Deft Financing Startups

The State Bank of India stated that it is working on a means to debt finance start-ups because present regulations only allow banks to invest profitable businesses. Startups raise equity financing to run their businesses, forcing promoters to dilute their stakes because loan finance is not accessible for the industry because it is loss-makin...