AGRI FINTECH
Pharma an undervalued, under-owned, high on comfort space for next 1-2 years: N Jayakumar
I think the market is not necessarily differentiated between consumption in the rural or consumption in the urban space. I think in general, consumption stocks have been lacklustre, languid if you will, but I think large scale recoveries in the market have happened across the board.
IPO Calendar: Bharti Hexacom's Rs 4200 cr IPO, 10 listings to kick-off primary market activity in FY25
Kicking off the IPO market in FY25 is the mega Bharti Hexacom public offer, the sole issue next week, which plans to raise around Rs 4,275 crore. The issue opens for subscription on April 3 and closes on April 5.
Agri-focussed fintech Ayekart secures $6.5 million in equity funding from Omnivore, others
Agritech financing startup Ayekart raised $6.5M in series A round led by Omnivore, Siana Capital, and Unleash Capital Partners. Ayekart aims to expand operations, serve more FPOs, and has facilitated over 2.5 lakh transactions with a value of Rs 2,100 crore.
Sanjiv Bhasin is sticking with these 4 banks & NBFCs. Here’s why
Sanjiv Bhasin believes SBI is still the most undervalued stock and recommends staying with it. He also suggests LIC Housing and AB Capital as potential outperformers in the NBFC space. Bhasin mentions DCB Bank as a small cap dark horse with the potential for significant outperformance. He discusses the volatility of IT companies and advises sticking with the best large caps. He suggests considering NBFCs and select midcap PSU banks.
Sanjiv Bhasin on why Ambani and Adani groups may power market in next 4 months
Sanjiv Bhasin says: “At least till March-April, the market belongs to Reliance and Adani because if the index has to do well, largecap stocks will have to do much better. Last year, value got preference ahead of growth. I would say Reliance and the Adani group should lead the market in next four months.”
Consumer tech market set for growth surge; Kunal Shah on fintech regulations
The consumer technology market in India will likely touch $300 billion in the next four years, while online retail could top $160 billion by 2028, reports suggest. This and more in today’s ETtech Morning Dispatch.
- Go To Page 1
Fintech startup GrowXCD Finance raises Rs 50 crore in funding from Lok Capital
The Chennai-based firm plans to use this investment to build out the initial team, develop innovative technologies, and accelerate expansion in existing and new geographies over the next 12-18 months.
Agri-inputs ecommerce startup BharatAgri raises $4 million in funding round led by Arkam Ventures
BharatAgri, an advisory-led farming inputs e-commerce platform, has raised $4.3 million in a Series A funding round led by Arkam Ventures. The funds will be used to expand BharatAgri's platform to new areas and improve its last-mile delivery. The company offers smart farming advisory services and an e-commerce platform with over 10,000 agricultural products.
Stock picks of the week: 3 stocks with consistent score improvement and upside potential of up to 42%
From being totally under the control of the bulls, Dalal street has seen occasional sightings of bears in the last four weeks. While the reasons have been different at various points of time, the first indication that bears might be getting up from their sleep are surely on the wall. So it would be better to add “ caution” to your dictionary when looking at the stock market. The caution is also getting reflected in the overall count of stocks which have seen an improvement in their score. Also more importantly, it is time to take a step back, think and then make a decision both when buying and selling any stock. These selected stocks depict a strong upward trajectory in their overall average score. This implies that there has been a significant improvement in their market outlook in the given time frame.
Agri-fintech startup KiVi raises Rs 15 crore in funding
The Chennai-based firm, which is incubated at IIT Madras Research Park and is operated by Agrosperity Tech Solutions, is currently present in four districts in Tamil Nadu and Bihar and is looking to expand in the southern states in the next five years.
BL Agro invests Rs 500 crores in Leads Connect's agri-tech for farmers
Full-stack agri-tech firm Leads Connect has raised Rs 500 crores from FMCG company BL Agro Industries to enhance its agro-tech stack and provide more value to farmers. The funding will be spread over three years, resulting in a controlling stake for BL Agro. Leads Connect specialises in farm analytics and advisory, and will use the funding to improve technology, expand its reach among farmers, and establish AGRANI Centres in various cities. The company aims to enhance its AGRANI platform, which offers agri-fintech services, through further development of its Khet Se Kitchen Tak initiative.
Poshn aims to double its sales to Rs 1,100 crore in FY24
Poshn expects to triple its supplier base from 300 to over 1,000 by 2024. A player in the food and agriculture value chain, Poshn will also increase its geographical footprint while expanding offering to SMEs
Digital tech platform Ayekart Fintech invests in Nature's Fresh Express
With this investment, Ayekart will be able to tap into the extensive network of farmers and other stakeholders in the Indian vegetable market, providing the platform with the necessary resources to compete effectively in this space.
Poshn expects its annual recurring revenue to cross $1 billion in this fiscal year
The wholesale, distribution and financing platform primarily focussed on food and agro said it is investing in technology platform to make supply chains more efficient and monetarily additive to users.
About 80% of early-stage startups to increase workforce in 2023: FICCI-Randstad survey
Over half of the startups surveyed attribute the high attrition rate to factors such as better pay packages offered by larger corporations, as well as concerns over job security in a startup.
Boost for fintech innovation: Govt to expand scope of Digilocker, set up AI centers, streamline KYC, says FM
Sitharaman said a one-stop solution would be introduced for reconciliation and updating of identity and address of individuals maintained by various government agencies, regulators and regulated entities will be established using DigiLocker and Aadhaar.
2022 | The year of governance misses, layoffs, a funding winter & regulatory diktats
In the span of a year, the technology world went from euphoria to turbulence – be it in the stock markets or in the private funding space. Collapse of FTX and the crypto sector to the sale of Twitter to Elon Musk, globally tech news hogged the headlines through the year.
Don’t play the market keeping Budget in mind: Anand Tandon
“In the next couple of quarters at least, one should be fairly safe in terms of investing in real estate. The demand has picked up quite considerably for domestic housing and at some stage, even the commercial areas will start doing quite well. So, if you were to pick up any of the decent companies which are not very overpriced, especially in Bangalore, you are fairly well off from a portfolio perspective.”
RBI to promote innovation in financial sector, says Governor Shaktikanta Das
Das advised fintechs to pay close attention to governance, business conduct, data protection, customer centricity, regulatory compliance and risk mitigation frameworks.
Stocks in the news: Tata Motors, Coal India, Paytm, Hindalco, PB Fintech and BEL
Tata Motors, Pidilite , P&GHH, Star Health, Godrej Properties, Deepak Nitrite, 3M India, General Insurance, Bayer Cropscience and Piramal Enterprises are among the companies that will announce their results for September 2022 quarter today.
Finezza in discussions with NBFCs for soon-to-be-launched co-lending platform: CEO
New Delhi, Oct 16 (PTI) Fintech startup Finezza is in discussions with NBFCs, especially in the domains of education loan and SME lending, for its soon-to-be-launched co-lending management solution platform, its CEO Krishnan Iyer said on Sunday.
Ayekart aims to deliver business worth Rs 600 crore in FY23
The platform plans to onboard 50,000 merchants from 11,000 merchants at present even as the target remains to achieve 1 lakh customers over a period of time.
Indian fintech firms will handle $1 trillion in assets by 2030: report
At present, most of the funding has been skewed towards digital payment firms. Of the total $7.8 billion raised by the sector last year, $3.5 billion (roughly 44%) went to fintech payment firms, it said.
Agri-fintech startup Jai Kisan raises $50 million in equity and debt
Jai Kisan raised debt funding from investors such as Northern Arc, Alteria and MAS Financial.
ETtech Deals Digest: no big round for second straight week
Rural-focused agri-fintech startup Jai Kisan raised $50 million; Revenue management solutions provider PriceLabs raised $30 million this week
Disruptive fintech is dead, long live bank-fintech collaboration!
The key to the development of any economy is its financial system, and banks have been at the heart of it for centuries. Nothing in the immediate future is likely to change that. But the popular discourse appears to be the yudh between banks and fintechs. What is needed is a jugalbandi between banks, regulators and fintechs to produce a wider range of products, for customers.
NeML partners with FINCHAIN for trade-financing options
Under this agreement FINCHAIN, an emerging fintech company engaged in anchor led supply chain and invoice backed financing programs, will now make available bill discounting and trade-financing options to buyers/sellers on various NeML online spot delivery-based platforms.
Origo to secure $20 million in debt financing from DFC
Leveraging its digital trade and finance platform, E-mandi, the company plans to facilitate better price discovery and seamless commodities trading
Demand for agricultural loans and storage facilities expected to go up in the ongoing kharif season
“As the Covid-19 cases decline and the pace of vaccination gathers momentum, we are broadly expecting a two-fold increase in the disbursement of loans this season,” said Sandeep Sabharwal, group CEO of Sohan Lal Commodity Management Pvt Ltd (SLCM), a leading agriculture logistics and finance group.
Load More
