Articles

Finance Operations Automation Platform Bluecopa Raises USD 2.3 Million

Opportunity India Desk Aug 04, 2022 - 2 min read

Hyderabad based financial operation automation start-up, Bluecopa announced to raise USD 2.3 million in seed funding round. The start-up, incubated from T-Hub, raised funding led by Blume Ventures and T-Fund, a co-investment fund led by the Telangana government. The funding round has also seen a proactive participation of leading investing firms like Titan Capital, Speciale ...

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E-commerce Order Volume Continues To Rise With 69 Per Cent YoY Growth In FY22: Report

Opportunity India Desk Aug 04, 2022 - 3 min read

Driven by the direct-to-consumer (D2C) segment which is estimated to be a USD 70 billion opportunity over the next few years, the overall e-commerce order volume continues to rise with 69.4 per cent Year-On-Year growth in FY22, according to data from e-commerce Saas platform Unicommerce. As per the Retail and E-commerce Trends’ report released ...

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India's Coromandel Acquires 45 percent of BMCC; Will Help Manufacturing DAP fertilizers

Opportunity India Desk Aug 04, 2022 - 2 min read

India’s Dependency on imports, for raw materials of fertilisers, is said to be reduced in upcoming years. In India, 15.3 Million Tonnes of indigenous deposits of high grade rock phosphate could meet hardly 35 percent of the total demand and remaining demand is met through its import. The government is also trying to solve ...

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FMCG Sector To Return To Double-Digit Growth This Year: Nielsen

Opportunity India Desk Aug 03, 2022 - 4 min read

The market research firm Nielsen said that the fast moving consumer goods industry (FMCG) will return to double-digit growth in 2022 on the back of value growth which is a combination of volume and price-led expansion and revival of some consumption. It has estimated the sector’s value growth at 8-10 per cent for the year ...

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As Demand Returns, Consumer Firms Start Scaling Up Capacity

Opportunity India Desk Aug 03, 2022 - 3 min read

With the job market looking up and pent-up demand playing out, consumption spends are on the rise. While some picked up the uptrend early and have already expanded capacity to capture the growth, others are following suit as the evidence on the ground is becoming increasingly compelling. The sales of homes across seven cities jumped ...

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Yubi Allies U GRO Capital for Co-Lending and Supply Chain Financing

Opportunity India Desk Aug 03, 2022 - 3 min read

A debt marketplace, Yubi, has announced its partnership with U GRO Capital, a Lending-as-a-Service (LaaS) business that delivers last-mile credit to MSMEs in the country. The partnership will see the integration of Yubi Co.Lend and Yubi Flow with GRO–Xstream and GRO–Line platforms. As a result of this double partnership, U GRO Capital will be able to leverage Yubi’s full stack operating system ...

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Failing Foresight: Falling Lanka

Opportunity India Desk Aug 03, 2022 - 5 min read

The year 2009 saw an end to the prolonged civil war in Sri Lanka and ushered in a dawn of new horizons of economic prosperity. In the decade that followed, it consistently demonstrated a prolific growth rate amongst its neighbouring nations. This was a welcome change across the diaspora of stakeholders after a period of ...

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MSME Ministry Announces Onboarding of One Crore Small Busineses on Udyam Portal

Opportunity India Desk Aug 03, 2022 - 3 min read

The Ministry of Micro, Small and Medium Enterprises announced that its Udyam Portal has registered more than one Cr businesses so far. The Udyam Registration Portal was introduced on July 1, 2020, following the acceptance of the updated definition of Micro, Small, and Medium Enterprises (MSMEs) on June 26, 2020, which is based on ...

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Pratima Reddy Appointed As Managing Director Of Merck Specialities In India

Opportunity India Desk Aug 02, 2022 - 3 min read

Leading pharmaceuticals company Merck has appointed Pratima Reddy as Mangaging Director of Merck Specialities in India. Reddy is also the first woman CEO for Merck Healthcare in India, according to the press statement of the company. According to press statement, Pratima will lead India’s healthcare strategy and operations, as successor to Anandram Narasimhan, transitioning ...

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E-Scooter Maker iVOOMi Plans To Invest INR 200 Crore In R&D

Opportunity India Desk Aug 02, 2022 - 4 min read

iVOOMi is planning to expand by investing INR 200 crore towards Research and Development (R&D) and setting up a brand new manufacturing facility in Pune. The electric scooter manufacturing company said that it was working towards creating a second and third level vendor ecosystem to support the Make in India programme and to have ...

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