Wednesday, Jan 29 2020 | Time 22:24 Hrs(IST)
  • Repair Degloor-Bidar road on priority, demands secy of Sachkhand Gurudwara Board in Nanded
  • TTD nets Rs 40 cr donations through Srivani Trust in 100-days
  • No private bus on TSRTC routes: Transport Minister
  • One should respect others even after difference of opinion: Nitish
  • Beating the Retreat: Patriotic tunes resonate at Vijay Chowk
  • Thirteen books by Mamata Banerjee launched at Book Fair
  • Priyanka takes dig at Yogi over Engineers asked to control stray cattle
  • China head coach Li donates one million yuan to anti-virus campaign
  • Meghalaya BJP hits back at its ally NPP
  • Nadal falls at Australian Open as new generation prevails
  • Football Delhi joins Athletic Drive to support referees, launches smart card for players
  • Football Delhi joins Athletic Drive to support referees, launches smart card for players
  • GRH sets up Coronavirus isolation ward
  • Xi orders military to contribute to winning battle against epidemic
  • Smriti woos women voters of Delhi, flays AAP
States » West

Venture Capital ecosystem report 2019 was also released at the summit, revealing that 2019 saw the highest ever quantum of funding at nine billion dollars. An increase of 30 per cent in deal volume, approximately 55 per cent of the top deals are in consumer internet while Software as a service, Fintech and B2B tech are the fast emerging, according to the report.
The day-long event saw technical several technical sessions and panel discussions on various topics. This included 'Enabling Regulations and Monetizing New India Opportunity" to discuss the pace of new business creation and government initiatives and policies 'Going cashless and beyond: Future of FinTech' to discuss on Innovations in digital finance and their ability to expand reach of core banking products and services.
In the panel discussions, Cate Ambrose of Emerging Markets Private Equity Association spoke of experience from Chile and mentioned government programs should not be heavy handed and should work towards creating an environment where incumbents are not able block tech disruption through anti-competitive policies.
Padmanabh Sinha, Chairman of Indian Private Equity and Venture Capital Association Managing Partner, Tata Opportunities Fund, talked about the issue of the shifting focus from public sector trading into startup investment.
Ganesh Kumar, Executive Director, Reserve Bank of India (RBI), spoke about the importance of Fintech and RBI’s support through regulatory sandbox. RBI is also eager to make the most enabling environment as possible for startups as RBI’s commitment to the ecosystem.
Deepak Bagla, Managing Director of Invest India, spoke about the engine of growth of India moving away from Tier 1 to Tier 2 and 3 cities.
He said,'' Venture capital are largely Tier 1 centric, and we must look at a new models of funding. We are number one in the amount of new startups added everyday and the willingness of the regulator to listen to industry is truly unique to India.''
TV Mohandas Pai, Chairman at Aarin Capital, said foreign pension funds are able to capitalize heavily on our market, and suggested EPFO to invest in Pivate equity market and pension funds could be encouraged to back startups in India.
Security and Exchange Board of India (SEBI) Executive Director of S V Muralidhar Rao spoke about reduction of regulatory challenges and the strides it is making to open up to foreign investment through reduction of regulatory hurdles SEBI has committed to making an innovative growth platform on which companies can list.
Peifu Hsieh, co-founder of Karboncard, which provides corporate cards to the startups in India, sees the Indian market as the right place to be given growing internet access and its demographic dividend unlike in other markets.
The Department of Industrial Policy and Promotion along with Government of Goa, organized the Startup India Global Venture Capital Summit, a specially curated day - long event for Fund Managers and Limited Partners of Top Global Venture Capital Firms. The conference was attended by more than 350 representatives of leading companies from ten countries. Technical sessions on Education, Medicare, Life Sciences and Genomics were also held.
UNI AKM 2202
More News

Repair Degloor-Bidar road on priority, demands secy of Sachkhand Gurudwara Board in Nanded

29 Jan 2020 | 10:06 PM

Nanded, Jan 29 (UNI) To ease the travel of the pilgrims coming to Nanded, secretary of the Sachkhand Gurudwara Board Ravindra Singh Bungai on Wednesday submitted a petition to the state PWD and district Guardian Minister Ashok Chavan demanding to repair the Degloor-Bidar road on priority.

see more..

5 naxals arrested in Gadchiroli

29 Jan 2020 | 8:39 PM

Nagpur/ Gadchiroli, Jan 29 (UNI) Five naxals have been arrested in Gadchiroli district of Maharashtra, police said here on Wednesday.

see more..

Four members of inter-state gang arrested; 2 country-made pistols,15 live cartridges seized

29 Jan 2020 | 8:01 PM

Kolhapur, Jan 29 (UNI) The Local Crime Branch (LCB) of the Rural Police on Wednesday arrested four members of an inter-state gang, wanted for a bank robbery at Kale village last year, and seized two country-made pistols, 15 live cartridges and car, collectively worth Rs 7.50 lakh, from them.

see more..

Most wanted '007 Bishnoi' gang from Rajsthan arrested in Kolhapur

29 Jan 2020 | 7:35 PM

Kolhapur, Jan 29 (UNI) A day after a thrilling encounter with a three-member notorious gang from Jodhpur district of Rajasthan, the Rural Police on Wednesday claimed to have arrested most wanted '007 Bishnoi’ gang with its leader Shamlal Puniya, who was wanted for many serious crimes including robbery, armed robbery, half-murder, gangrape and illegal arm sale.

see more..

Fire in dumping ground of Thane; no casualty

29 Jan 2020 | 7:17 PM

Thane, Jan 29 (UNI) A fire erupted on Wednesday at Aadharwadi dumping ground in Kalyan city of this district, informed Fire Brigade Department.

see more..