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Author Archive ‘ Ishaan Gera ’

Startups get RBI helping hand as investors turn wary

Tuesday, February 2, 2016 | More »

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The Reserve Bank of India on Tuesday said it plans to remove some restrictions for startups to improve ease of doing business, a fortnight after the government announced tax exemptions and other incentives to boost entrepreneurial ventures. In a statement accompanying its monetary policy review, the...

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A fusion of tech and traditional banking can improve funding for SMEs: Capital Float’s Gaurav Hinduja

Gaurav Hinduja, founder of SME-focused online lending platform Capital Float, says while a robust digital ecosystem is necessary for SME lending to pick up in the country, the problems that SMEs face in raising working capital can only be solved by digital and traditional banking channels working in...

1 February, 2016 | More »

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Our conversion rates are close to that of e-commerce platforms: Coverfox CTO Devendra Rane

Devendra Rane and Varun Dua have come a long way since they started insurance portal Coverfox Insurance Broking Pvt Ltd five years back. The portal, which aggregates travel, health and motor insurance products of different insurance companies, will now offer life insurance products also. The company...

1 February, 2016 | More »

e-ticketing

How e-ticketing for train travel picked up pace over the years

Half of the Indians who travelled by train last fiscal year booked their seats via the e-ticketing portal of Indian Railway Catering and Tourism Corporation Ltd, railway officials said on Wednesday. In fact, the number of e-tickets booked have almost doubled over the past five years while the total ...

20 January, 2016 | More »

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Everyone in India is chasing unicorns: Aashish Kalra

Aashish Kalra, chairman of Cambridge Technology Enterprises (CTE), is back in India and this time around he comes with a $12.5-million innovation fund for the big data and analytics industry. Kalra, who acquired the Kansas (US) and Hyderabad-headquartered CTE last year, is looking to invest in 50 co...

19 January, 2016 | More »

NPCI

Govt body running payment system RuPay valued at $70M

Public sector lender Corporation Bank said it will acquire 1.06 per cent stake in National Payments Corporation of India (NPCI), the government body running payment network under the banner RuPay. The Mangalore-based bank will subscribe to 1,42,000 shares representing 1.06 per cent stake in the reta...

13 January, 2016 | More »

Public listed firm preparing to float online trade finance platform

Promoters of little known public listed fin-tech and cloud computing firm Stampede Capital have provided bridge finance to boost its yet-to-be-launched trade finance platform TradeFlowClub  besides preparing for overseas listing for an arm and other ongoing projects, the Hyderabad-based firm said ...

4 January, 2016 | More »

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Recap 2015: Most active VC firms

For venture capital firms, 2015 was by far the best year for investment. And some had a more eventful year than others. While Sequoia Capital maintained its pole position, after inking many more deals than 2014, Helion and Blume Venture (which is now raising a new fund as it has almost exhausted the...

31 December, 2015 | More »

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Our entire lending business is app-based: FINO’s Rishi Gupta

FINO Paytech Ltd, a financial inclusion software solutions and services company, was founded in 2006 and acquired the prepaid mobile payment business of erstwhile Nokia Mobile Payment Services in India three years ago. Earlier this year, it got in-principle nod from the Reserve Bank of India to star...

29 December, 2015 | More »

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RBI to help startups manage foreign exchange transactions

The Reserve Bank of India (RBI) has created a helpline for startups to help them with their forex queries as they undertake more cross-border transactions. The decision by the central bank comes in the wake of reforms instituted by capital markets regulator SEBI and the government to enhance the sta...

23 December, 2015 | More »

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