Axis Bank limits support for Snapdeal’s seller financing programme

For-Axis-Bank-Story_Shah-Junaid_tc_feAxis Bank has withdrawn its credit limit to some sellers on e-commerce firm Snapdeal’s platform over falling sale numbers, a report by a financial daily stated. The private sector lender even asked sellers to repay outstanding loans, an Economic Times report stated. The merchants had availed loans through Snapdeal’s Capital Assist programme. “What we have […]

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Tata Sons to launch startup incubator in Pune or Bengaluru

Tata Sons chief technology officer Gopichand KatragaddaTata Sons Ltd, the holding company of the diversified Tata Group, is setting up a startup incubator in Pune or Bengaluru to offer early-stage ventures better visibility to its group companies, according to a media report. The company is defining the process and laying out the blueprint for the incubator, The Economic Times reported, citing […]

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Meet the six ventures that won Zone Startups’ Next Big Ideas contest

Ajay Ramasubramaniam, director at Zone StartupsMumbai-based technology startup accelerator Zone Startups India along with the Government of Ontario, Canada and Ryerson University in Toronto have selected six winners of the Next Big Idea contest. The winners will join a two-week incubation programme at the Digital Media Zone (DMZ) at Ryerson University, a business incubator in Canada for emerging technology startups. […]

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Exclusive: I-banking firm Springforth hires former ITC exec, others to launch startup accelerator

Kalyan-Vijay-Sivalenka2Mid-market focused investment banking firm Springforth Capital Advisors Pvt. Ltd has joined hands with several high-profile names to launch a startup accelerator, Springforth Investment Managers (SIM), a top company executive told Techcircle. Kalyan Vijay Sivalenka, CEO of Springforth Capital, said the company has roped in Pradeep Dhobale, former ITC executive director and Joseph Cherian, former […]

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Zone Startups to manage Axis Bank’s startup accelerator programme

startuo_feMumbai-based technology startup accelerator Zone Startups India has been selected by Axis Bank to manage its accelerator programme at ‘Thought Factory’, the bank’s innovation lab in Bangalore. It will focus on developing prototypes that address internal technology problem statements floated by Axis Bank. “Technology is causing a huge shift in consumer behaviour and business delivery […]

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Payments banks’ quest for profits starts with monetising customer data: Techcircle Payments Forum

Left to right Sohini Rajola, head of digital banking at Axis Bank, Ananya Birla, founder of Svatantra Microfinance, T R Ramachandran, group country manager of India and South Asia, Visa, Mihir Gandhi, associate director of payments transformation, PwC India, Amit Soni, principal, General AtlanticThe yet-to-launch payments banks need to monetise the data on customers at the bottom of the pyramid to generate revenue, according to a panel at the Techcircle Payments Forum held in Mumbai. The panel discussion ‘Emergence of New Payment Banks: How can traditional businesses respond?’ moderated by Amit Soni, principal, General Atlantic, saw senior executives […]

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