Insights

EVs Make Way To Ayodhya, Uber, Greencell Turn First-movers

Opportunity India Desk Jan 19, 2024 - 5 min read

Amid the vibrant developments surrounding the construction of the grand Ram temple and the impending consecration ceremony of Ram Lalla in Ayodhya, the ancient city has become a focal point not only for religious fervour but also for innovative progress in transportation. As Ayodhya emerges as a prominent destination, drawing an estimated 15-18 ...

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Govt Empowers DFOs To Address Udyam-Related Issues For MSMEs

Opportunity India Desk Jan 19, 2024 - 2 min read

The Ministry of Micro, Small, and Medium Enterprises (MSME) has empowered its Development and Facilitation Offices (DFOs) in various state capitals and industrial cities across the country to address issues related to the cancellation or modification of Udyam registration certificates for MSMEs. The Ministry said that the initiative aims to expedite ...

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‘Business Blasters’ To Be Introduced In Government-Funded Colleges

Opportunity India Desk Jan 19, 2024 - 2 min read

Delhi Chief Minister Arvind Kejriwal has announced that the ‘Business Blasters’ initiative is set to be introduced in government-funded colleges, with funds earmarked for the curriculum. He emphasised the programme’s ability to cultivate an entrepreneurial mindset among students, encouraging them to be job creators rather than job seekers. He expressed the ...

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Govt Issues Guidelines For Coaching Centres

Opportunity India Desk Jan 19, 2024 - 4 min read

In order to address the need for a legal framework and manage the rising unregulated private coaching centres in India, the Ministry of Education has announced stringent guidelines for the coaching centres that are charging exorbitant fees from students and adopting many other malpractices. According to the new guidelines, coaching centres ...

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'Funding Winter' Grips Indian Startups As VC Deals Plunge 37.9% to USD 7.8 Billion in 2023

Opportunity India Desk Jan 19, 2024 - 2 min read

Startups in India secured a total of USD 7.8 billion through 1,085 venture capital (VC) funding deals announced from January to December 2023, according to a report by GlobalData. This marks a substantial 37.9 per cent decrease in terms of VC funding deals volume compared to the announcement of 1,748 deals during 2022. ...

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Anticipating Union Budget 2024: MSMEs And Startups Unveil Their Wishlist

Opportunity India Desk Jan 18, 2024 - 6 min read

Micro, small, and medium enterprises (MSMEs) are widely recognized as the growth engines propelling the Indian ecosystem forward. These enterprises, crucial to India's economic landscape, contribute approximately 30 per cent to the GDP, account for 48 per cent of exports, and provide employment to over 11 crore individuals. As the Union ...

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Budget 2024 Expectations: Reduction In Taxes, Extension of FAME, And Focus On Charging Ecosystem

Opportunity India Desk Jan 18, 2024 - 12 min read

The electric vehicle (EV) sector stands at the crossroads of innovation and sustainability. As we approach the brink of a new fiscal year, all eyes are on the upcoming interim budget, and the electric vehicle industry is abuzz with anticipation and speculations. The imminent budget announcement is poised to shape the policies and ...

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SUN Mobility To Power 30,000 Bounce Infinity Scooters

Opportunity India Desk Jan 18, 2024 - 2 min read

Bounce Infinity -- an electric scooter manufacturer, and SUN Mobility have joined hands to deploy 30,000 Bounce Infinity Scooters in key markets across the country, starting with Bangalore and Hyderabad, and extending to Mumbai, Pune and Delhi NCR. These scooters will create the milieu for SUN Mobility to bolster its journey as ...

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International Battery Company Raises USD 35 Million In RTP Global-led Round

Opportunity India Desk Jan 18, 2024 - 3 min read

International Battery Company (IBC)—a lithium-ion cells manufacturer for electric vehicles and plans to set up a factory in Karnataka, has raised USD 35 million. The fundraising session was led by RTP Global. The round has also seen participation from Beenext, Veda VC along with other strategic Korean and US investors and supply partners. ...

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How CredAble And Aditya Birla Finance Are Boosting MSMEs Through Advanced Lending Solutions

Opportunity India Desk Jan 18, 2024 - 3 min read

Fintech firm CredAble and Aditya Birla Finance Limited (ABFL) have joined hands to transform MSME lending in the country with the utilization of technology and advanced analytics. Over the past six months, ABFL has experienced a surge in lead flow, with approximately 80,000 leads generated through CredAble's solution. This collaboration has ...

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