🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Agri Picks Report September 26, 2024: Geojit Financial Services
Money Control
·
10m ago
Medial
India is projected to produce a record 332.3 million tons of food grains in the 2023-24 season, up from 329.7 million tons last year. Rice and wheat production are estimated to reach record highs, while millets, maize, pulses, oilseeds, and cotton have been negatively affected by drought-like conditions in some regions. Despite drought, mustard and rapeseed output is expected to hit a record 13.3 million tons. Cotton output dropped to 32.5 million tons, while sugarcane output declined to 453.2 million tons due to patchy rainfall.
View Source
Related News
Samunnati completes Rs 381 Cr in Pre-Series E funding
Entrackr
·
2m ago
Medial
Samunnati, an agri enterprise focused on enabling inclusive growth across agri-value chains, has raised Rs 42.5 crore (around $5 million) in equity from Agri-Biz Capital Delaware LLC. This marks the first equity infusion for FY 2025-26 and brings the total Series E funding to Rs 381 crore. In the previous fiscal year, Samunnati raised $135 million in funding from several lenders, including USDFC, Credit Saison, Tata Capital, Poonawalla Fincorp, Hinduja Leyland Finance, Wint Wealth, Altifi, Alteria Capital, and Anicut Capital. Founded in 2014, Samunnati operates as a specialized agri value chain enabler offering customized financial and non-financial solutions. Its unique approach focuses on addressing the critical gaps in the agriculture ecosystem by linking farmers to markets, facilitating credit access, and improving farm productivity. The company works extensively with Farmer Producer Organizations (FPOs), agri SMEs, and agri-tech firms, serving over 6,000 farmer collectives and impacting millions of smallholder farmers across the country. With its presence in over 100 agri value chains and operations across more than 25 states, Samunnati’s product suite includes working capital finance, trade facilitation, supply chain solutions, capacity building, and market access support.
View Source
Banks' asset quality to improve further over next 12 months: RBI report
VCCircle
·
1y ago
Medial
According to a report released by the Reserve Bank of India (RBI), the asset quality of Indian banks is expected to further improve over the next 12 months. The report shows that the gross non-performing asset (GNPA) ratio of banks decreased to 3.2% as of September 2023. Under the baseline scenario, the GNPA ratio is predicted to improve to 3.1% by September 2024. The report also highlights the stability and resilience of India's financial sector, with banks being well-capitalized and able to meet minimum capital requirements even under severe stress scenarios.
View Source
Infosys may lead Indian IT pack this festive season
Livemint
·
10m ago
Medial
- Analysts predict that Infosys will post the fastest revenue growth in the IT services space for the quarter ending September 2024. - Infosys's growth is expected to surpass that of Tata Consultancy Services during the same period. - The growth of Infosys is driven by the consolidation of the in-tech acquisition and the ramp-up of previously won deals. - TCS's muted revenue growth is primarily attributed to a large 4G network deployment deal won from BSNL. - Operating margins for the top IT services companies are expected to increase in the September quarter due to cost optimization and lower visa costs. Salary hikes may offset some of the margin gains. - HCL Technologies' growth in the September quarter is projected to be more modest than TCS, driven by growth in all business segments except financial services. Wipro is expected to report the slowest growth among the top five companies, while Tech Mahindra is expected to see modest growth fueled by deals and cross-currency fluctuations.
View Source
NABARD launches agriculture-focused fund with a corpus of Rs 750 Cr
YourStory
·
1y ago
Medial
NABARD has launched an agri fund called 'Agri-SURE' with an initial corpus of Rs 750 crore to support agricultural startups. The fund aims to invest up to Rs 25 crore in around 85 startups by the end of its tenure. It will provide support through investments in sector-specific funds, debt Alternative Investment Funds (AIFs), and direct equity support. The fund also plans to promote IT-based solutions and machinery rental services for farmers. In addition, NABARD has launched the Agri-SURE Greenathon 2024, a hackathon to address key problems in agritech.
View Source
Agri solutions provider Samunnati secures debt from offshore investor
VCCircle
·
1y ago
Medial
Agri finance company, Samunnati Financial Intermediation & Services, has secured debt funding from an offshore investor to expand its support to farmer collectives and agricultural enterprises in India. This comes after the company recently raised capital from impact investment firms. Samunnati aims to provide financial solutions and commerce services to help improve the livelihoods of farmers in the country.
View Source
Ecommerce, gaming, financial services made up 80% of online deals in H2 2023: Report
Economic Times
·
1y ago
Medial
According to a report by Worldline, ecommerce, gaming, utilities, government, and financial services accounted for nearly 80% of total online transactions in the second half of 2023. The report also highlighted the dominance of Unified Payments Interface (UPI) as the most popular payment mode in India. UPI transactions grew 56% YoY, with the volume reaching 65.7 billion and the value surging 44% to Rs 99.68 lakh crore. The report also noted a significant increase in payment acceptance channels, with the number of point-of-sale terminals growing 26% to reach 8.5 million.
View Source
VC-backed Samunnati raises another $5 mn in pre-Series E round
VCCircle
·
2m ago
Medial
Samunnati Financial Intermediation Services, an agri-focused non-banking financial company, has raised Rs 42.5 crore ($5 million) from Elevar Equity as part of its pre-Series E funding round. This investment, the first equity infusion for the company this financial year, strengthens its capital base. Samunnati aims to enhance its inclusive agriculture ecosystem, benefiting farmers by integrating financial, market, and advisory services. Talks with venture capital firms for a Series E round are underway.
View Source
OYO Gears Up for Market Debut, Set to File IPO Papers by September
StartupTalky
·
2m ago
Medial
OYO, the hospitality company, is planning to file for an IPO between August and September, aiming for a market debut in Q4 FY25-26. After previous unsuccessful attempts in 2022 and 2024, OYO has resumed discussions with investment banks, potentially valuing at $6-$7 billion. Despite earlier suggestions by SoftBank to delay, OYO has strengthened its position in key markets and shown financial growth, boosting investor confidence. Recently, OYO also won a legal case with Zostel Hospitality.
View Source
Stock market fatigue: Nifty at 21,800? 2 key concerns & Nomura's top stock picks
Business Today
·
5m ago
Medial
Nifty's valuation multiple has decreased from 21.3 times (September 2024 peak) to 19 times one-year forward earnings due to economic and earnings growth falling below expectations.
View Source
RBI issues monetary fines to Hewlett Packard, and THESE 2 companies for KYC non-compliance | Mint
Livemint
·
11m ago
Medial
The Reserve Bank of India (RBI) has imposed monetary penalties on three non-banking financial companies (NBFCs) for various regulatory lapses and non-compliance with RBI directives. Hewlett Packard Financial Services (India) Private Limited, SMFG India Credit Company Limited, and Muthoot Vehicle & Asset Finance Limited were the companies penalized. The penalties were issued between September 3 and September 11, 2024. The penalties were levied for non-compliance with Know Your Customer guidelines, Information Technology and cybersecurity guidelines, and liquidity risk management framework, among others. The penalties ranged from ₹7,90,000 to ₹23,10,000.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
