Ritesh Agarwal Seeks Blessing Of SoftBank Founder Son
OYO founder and CEO Ritesh Agarwal tied the knot on March 7. He invited celebrities, political leaders and Soft Bank's son for his wedding reception, in New Delhi. Highlighting the event, Billionaire investor and SoftBank Group Founder Masayoshi Son, blessed the newlywed. Notably, in the start-up world, SoftBank has been a prominent and prolific investor. Besides Masayoshi Son, many big names of the startup world attended the event.
Tags: Oyo Founder, ritesh agarwal, Newlywed, Softbank CEO, Wedding Reception
Courtesy: Hindustan Times
YS Jagan Mohan Reddy Inaugurates Global Investors' Summit, Welcomes Ambani
Andhra Pradesh CM YS Jagan Mohan Reddy inaugurated the two-day Global Investors' Summit 2023, in Visakhapatnam. On the first day of the summit, YS Jagan welcomed Business Tycoon Mukesh Ambani, to attend the two days summit, highlighting the benefits of investing in Andhra Pradesh's 14 industries, including IT, agriculture, health, pharmaceuticals, tourism, MSME, and startups. Mukesh Ambani came in a special convoy and received a warm welcome… read-more
Tags: Investors Summit, AP CM, YS Jagan Mohan Reddy, Mukesh Ambani, Vizag Event
Courtesy: AP 7 AM
MBA Chaiwala Hits News Headlines With His Mercedes Worth Rs 90 Lakhs
Prafull Billore, famously known as MBA Chai Wala, shared a video of his new Mercedes worth Rs 90 lakhs, on his Instagram handle. They were seen cutting cake and celebrating the new car. MBA aspirants, who drop out of IIM Ahmedabad, started his 'chai' journey in 2007 with a small stall narrating his dropout tale. He rose to fame and has more than 100 franchises of MBA Chaiwala across India.
Tags: MBA Chaiwala, Mercedes, Instagram(137) Startup Business, Indian Businessman
Courtesy: Hindustan Times
Under Credit Guarantee Scheme For Startup, Rs 10 Crore Loans Allowed
With the announcement of the Indian government's credit guarantee scheme for startups (CGSS) many companies will get. The CGSS scheme will provide credit guarantees of up to Rs 10 Cr against startup loans that lending institutions issue. Under this scheme, the government aims to offer the said credit guarantee (for startups) to lending institutions including banks, financial institutions, NBFCs and alternative investment funds (AIFs).
Tags: Start-up, Indian government, Credit Scheme, business, Loan Scheme
Courtesy: INC 42
Union Govt Launches Credit Guarantee Schemes For Startups In India
In order to extend support to start-ups in India, the BJP-led Central Government announced "Credit Guarantee Scheme". On October 7, the Commerce Union Minister Piyush Goyal said, "Government enables eligible companies to borrow collateral-free money up to Rs 10 crore making sure they reach their true potential,." The move will help micro businesses and start-up establishments to not only take risks but, provide guaranteed loan schemes.
Tags: Credit Guarantee Scheme, Piyush Goyal, Startups, Indian Business, innovation
Courtesy: The Free Press Journal
US DFC To Invest $37.5 Million In Indian Businesses To Support Economy
The US International Development Finance Corporation (DFC) recently announced to invest $37.5 million (Rs 299 crorea) to support key sectors in India. The investment is expected to fuel the growth of businesses working in sectors like financial services, agriculture, healthcare, and climate. The company announced the investment in their current FY Quarter, as a form of political risk insurance product and financial instrument for various… read-more
Tags: Indian Startups, Investment, us company, DFC, Indian Economy
Courtesy: First Post
Odisha CM Naveen Patnaik Launches ‘Startup Odisha Yatra 2.0’
Odisha CM Naveen Patnaik has launched the “Startup Odisha Yatra 2.0” initiative, aimed at promoting entrepreneurship among youth. This flagship initiative also aims at scouting grassroot innovators and women entrepreneurs. The Yatra is expected to cover around 100 educational institutions across 30 districts, in a period of 60 days. “The state has a mission of 5,000 startups by 2025,” said CM Patnaik.
Tags: naveen patnaik, Startup Odisha Yatra, Odisha, Bhubaneswar, Entrepreneurship Campaign
Rapido Hopes To Generate $300 Million Income In Fiscal Year 2022-23, Seeks Collaboration With State Govts
Rapido, bike-taxi aggregator, is aiming for $300 million in revenue in fiscal year 2022-23. Rapido, founded in 2015 by Aravind Sanka, Pavan Guntupalli, and Rishikesh SR, operates in over 100 locations across India. It is now looking forward to collaborating with several state governments in order to assist metro commuters and provide additional services. Rapido presently has over 3 million bike-taxi riders and over 3 lakh drivers in auto… read-more
Tags: Rapido, Central Government, revenue, FISCAL YEAR
Courtesy: DNA INDIA
25-Year-Old Entrepreneur Uses Solar Dryers To Help Farmers Decrease Waste
According to Varun Raheja, Founder of Raheja Solar Food Processing Pvt Ltd, the global market for dried fruits and vegetables is presently worth $70 billion. In 2019, the 25-year-old Indore entrepreneur founded his own firm. Solar drying technology is one example of how freely accessible energy may be used to assist farmers. The company is supplying farmers with low-cost, do-it-yourself foldable solar dryers to make value-added items from… read-more
Tags: entrepreneur, Farmers, Waste management, solar dryers
Courtesy: Your Story
Softbank Founder Cautions Startups, Unicorns To Prepare For Challenging Fundraising Winter
Founder and CEO of Japanese investment firm Softbank, Masayoshi Son, cautioned unicorns and startups to brace themselves for a hard fundraising winter. Son stated that unicorn executives "still believe in their valuations and they wouldn't accept that they may have to see their valuations go lower than they think." The winter for publicly-traded firms is still… read-more
Tags: Softbank, Startups, unicorns, fundraising, japanese
Courtesy: Free Press Journal