As the government bets on the growing innovation and scale of Indian startups, it is now looking to increase the investments in the ecosystem. For this, the department for promotion of industry and internal trade (DPIIT) is reaching out to the finance ministry to increase the corpus of the Fund of Funds for Startups. An ET report, citing government officials aware of the plan, said that DPIIT officials recently met executives of the Small Industrial Development Bank of India (SIDBI).

Publication : Inc.42

Date : October 15, 2019

After its successful launch in Hyderabad and Mumbai, Swedish furniture giant Ikea is now looking at expanding in tier-II cities as a part of its phase 2 expansion plan. The company is currently developing a large format store in Bengaluru and later develop one in Delhi as a part of its first phase expansion plans. “We want to bring our offering through multi-channel approach. We want to be present through large format stores, small stores and even on the online platform,” Ikea India CEO Peter Betzel told reporters on the sidelines of the Bloomberg equality summit.

Publication : The Economic Times 

Date : October 15, 2019