[Funding alert] Education financing startup Propelld raises Rs 15 Cr from Stellaris Venture Partners and India Quotient

Propelld, a Bengaluru-based fintech startup that enables student education loans, on Monday, announced that it has raised Rs 15 crore from Stellaris Venture Partners and India Quotient. Existing investor India Angel Network Fund (IAN Fund) also participated in the round. Other investors in the round include Raghunandan G, founder of Taxiforsure and Ramakant Sharma, founder of Livspace, who participated as members of Stellaris’ Founder Network. Bibhu Prasad Das, Founder, Propelld said, “We are expanding the education credit market by creating tailor-made loan products with inputs from our institute and NBFC partners,…

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Samar Lifestyle eyes Rs 350 Cr turnover from Florsheim biz

Samar Lifestyle, which will sell the Florsheim brand of shoes in India, is eyeing a Rs 350 crore turnover by 2022 through multi brand outlets and Exclusive Brand Outlets, a top company official said. The agreement between the company, part of the Sara Futura Group and Weyco Group to sell the brand, was formalised between Sara Group Managing Director Kayum Dhanani and Weyco Group CEO Tom Florsheim Jr in January 2018. “Our idea is the licensing and retailing business.We want to sell around half a million pair of shoes in…

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U’Khand receives investment proposals worth Rs 75K cr ahead of investors summit: Trivendra Rawat

Uttarakhand has already received investment commitments worth over Rs 75,000 crore as the state prepares to host its maiden investors’ meet on October 7-8, its Chief Minister Trivendra Singh Rawat said. The summit ‘Destination Uttarakhand: Investors Summit 2018’ will be inaugurated by Prime Minister Narendra Modi. “Against a target of Rs 40,000 crore, we have been able to lure investments worth over Rs 75,000 crore to the state which is a record in itself,” Uttarakhand Chief Minister Trivendra Singh Rawat told reporters. Out of a total of Rs 75,000 crore…

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Direct Tax Mop Up at Rs 5.54 Lakh Cr, Indirect at Rs 5.69 Lakh Cr: Government

New Delhi: Government has collected Rs 5,54,179 crore from direct tax as on February 29 and Rs 5,69,056 crore from indirect tax as on January 31 this fiscal, Parliament was informed today. According to revised estimate, Rs 7.52 lakh crore was estimated to come from direct taxes (corporate, and income tax) and another Rs 7.03 lakh crore from indirect taxes (customs, excise and service tax), Minister of State for Finance Jayant Sinha said in a written reply to Lok Sabha. Replying to a separate query, Sinha said in 2015-16 (up to…

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