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First Medical Technology Incubator Created in India
India is a country known for its rich culture and amazing food, but for a country of more than 1.2 billion individuals, medical technologies are largely neglected. That is what makes InnAccel such a unique startup. It’s the first and currently only medical technology incubator in India.
- Categories
- Health Care, Technology
- Region
- South Asia
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Dubai’s Abraaj Group to Acquire a Majority Stake in India’s CARE Hospitals
Dubai-based private equity investor Abraaj Group has agreed to acquire a majority stake in Quality CARE India Ltd, which runs chain of CARE Hospitals in the country, from private equity firm Advent International, according to a statement.
- Categories
- Health Care, Investing
- Region
- South Asia
- Tags
- impact investing
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Mobile Payments Ecosystem Comes of Age in India
Although being young with only a dozen mobile wallet players in the field, India's mobile payment ecosystem has witnessed steady growth and a rapid adoption of path-breaking innovations as people started realising the benefits of technology in online payments space in 2015 -- the most popular being the "mobile wallet".
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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JP Morgan Backs Project to Get Poor Women to Use Bank Accounts
The world's biggest bank by assets JP Morgan, is spending over half a million dollars (Rs 3.9 crore) in India to get poor women to do more banking. The two-stage programme involves first identifying reasons why women bank accounts are inactive and later coming out with a value proposition for such women by involving a financial services company and a digital payment company.
- Categories
- Uncategorized
- Region
- South Asia
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India’s Postal Service Seeks to Serve as Banker to the Masses
The world's largest post office network is planning to ramp up its financial services across India, triggering a race among commercial banks to set up partnerships to reach remote areas that have been unprofitable.
- Categories
- Uncategorized
- Region
- South Asia
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Gavi, India PM discuss strategic vaccine partnership
Gavi, a global vaccine alliance, proposes to have a new strategic partnership with India for 2016-2021, which will see further fund support of up to $500 million to accelerate the introduction of modern vaccines for all children in the country.
- Categories
- Health Care
- Region
- South Asia
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Will 2016 Be the Year of FinTech in India?
Has Financial Technology or FinTech finally come of age in India? While, FinTech accounted only for 13.3% of the total funding raised by Indian startups in 2015, the gross investment into it was up 8 times over the equivalent 2014 number of $145.1 million. While that looks amazing at first glance, it has to be noted that m-commerce platform One97 (Paytm) accounted for about 74% of the money raised by FinTech companies this year. Nonetheless, even if one were to exclude this number, Indian FinTech investment has doubled over the 2014 number. India’s FinTech sector has been a far cry from its global peers, accounting only for 6% of the total global FinTech space (by funding), but clearly as the numbers above show, that is changing fairly rapidly.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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The Hardships of Delhi’s Street Vendors
An estimated 10 million vendors sell goods and services on the streets of India. A Street Vendors Act aimed at regulating these vendors and to protect their rights has been passed by parliament, but the New Delhi High Court says the local government has failed to implement the law.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- public policy
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