Articles

Arzooo Raises USD 70 Million In Series B Round Funding

Opportunity India Desk Jun 30, 2022 - 3 min read

Arzooo, the business-to-business (B2B) retail tech start-up has announced that it has raised USD 70 million in its Series B round from SBI Investment, an arm of Japan’s SBI Group, and Trifecta Leaders Fund. Tony Xu, the founder of DoorDash, also invested in the current round, making Arzooo his first India investment, the company ...

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PM Launches RAMP And CBFTE Schemes At Udyami Bharat Event

Opportunity India Desk Jun 30, 2022 - 4 min read

Prime Minister Narendra Modi on Thursday launched ‘Raising and Accelerating MSME Performance’ (RAMP) scheme and ‘Capacity Building of First-Time MSME Exporters’ (CBFTE) scheme during ‘Udyami Bharat’ programme. He also launched new features of the ‘Prime Minister’s Employment Generation Programme’ (PMEGP) to ramp up the MSME sector. Addressing the gathering, the Prime Minister said that the ...

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GST Council Gives Relief To Transport, Tourism Sector

Opportunity India Desk Jun 30, 2022 - 2 min read

Giving some relief to the transport sector, the Goods and Services Tax (GST) council has cut GST on ropeways, on renting of goods carriage including fuel cost and exempted the foreign component of the tour package from GST. The council has also waived the mandatory registration guidelines for the small businesses with annual turnover up ...

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India Needs To Form Green Hydrogen Corridors: NITI Aayog

Opportunity India Desk Jun 30, 2022 - 3 min read

NITI Aayog said that cumulative value of the green hydrogen market in the country could be USD 8 billion by 2030 and USD 340 billion by 2050 and suggested a production-linked incentive scheme for electrolyser and fuel cells, two crucial components for the development of the domestic green hydrogen industry. While India consumes around 6 ...

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Govt Approves Computerisation Of PACS For INR 2516 Crore

Opportunity India Desk Jun 30, 2022 - 3 min read

With an aim to increase the efficiency of Primary Agricultural Credit Societies (PACS) and bringing transparency and accountability in their operations, the cabinet has approved Computerisation of Primary Agriculture Credit Societies with a total budget outlay of INR 2516 crore. “This project proposes computerization of about 63,000 functional PACS over a period of 5 years ...

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Indian Fintech Startup Progcap Raises 40 Million from Google

Opportunity India Desk Jun 29, 2022 - 3 min read

An Indian fintech start-up, Progcap, has raised USD 40 million of funding from Google in its series C funding round. Progcap caters to small and medium-sized businesses, with digital financing solutions like online payments, invoicing, and most importantly, collateral-free capital. It serves over seven lakh small retailers with a revolving credit line of USD 10,000 ...

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Dukaan Partners With SHIELD for High Security and User Trust

Opportunity India Desk Jun 29, 2022 - 2 min read

Dukaan an E-commerce platform for merchants, retailers, and entrepreneurs, has partnered with risk intelligence company SHIELD. This partnership is said to provide a safer and more trusted digital experience on Dukaan’s platform. Dukaan works as an aggregator of small businesses by providing them with an online presence. It helps them to set up and manage ...

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Government Bans Single Use Plastic Items from 1st July 2022

Opportunity India Desk Jun 29, 2022 - 3 min read

The Government of India notified the Plastic Waste Management Amendment Rules, 2021, on August 12, 2021, to phase out single-use plastic items. In keeping with the same spirit, the nation is taking a decisive action to reduce pollution brought on, by dispersed and poorly managed plastic garbage, from July 1, 2022. India will outlaw the ...

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Germany’s IU International University Of Applied Sciences Partners With Great Learning

Opportunity India Desk Jun 29, 2022 - 4 min read

IU International University of Applied Sciences (IU), one of Germany’s leading universities, has partnered with Great Learning, a leading global Ed-tech company for professional and higher education learning to offer a 6-month exclusive pathway programme leading to an MBA degree. The programme, offered exclusively to successful graduates of the Executive PG Programme in Management from ...

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WaterScience Aims To Touch 100 Crores In Next Three Years

Opportunity India Desk Jun 29, 2022 - 2 min read

WaterScience, a Bengaluru-based Direct-to-Consumer (D2C) start-up that markets a range of water purification solutions has announced that it expects to double its growth rate to touch revenues of INR 100 crore in the next three years. The company estimates the total addressable market for non-drinking water filters to be at USD 3bn with bath filters accounting ...

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