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Today, <keyword id="278010" type="COMPANY" weightage="20" keywordseo="LinkedIn-India">LinkedIn India</keyword> announced the newest entrant in the <keyword id="3824443" type="UNKNOWN" weightage="20" keywordseo="linkedin-influencers">LinkedIn Influencers</keyword> program, <keyword id="1655" type="PERSON" weightage="100" keywordseo="Priyanka-Chopra">Priyanka Chopra</keyword>. 
 <keyword id="824043" type="COMPANY" weightage="20" keywordseo="Business-Insider">Business Insider</keyword> caught up with <keyword id="323918" type="PERSON" weightage="20" keywordseo="Akshay-Kothari">Akshay Kothari</keyword>, Country Manager- India and VP-product, <keyword id="28120" type="CITY" weightage="20" keywordseo="Linkedin">LinkedIn</keyword> to find out why <keyword id="6358582" type="PERSON" weightage="20" keywordseo="Priyanka">Priyanka</keyword> was chosen to be a part of this program. ‘Priyanka is an inspiring Indian to a lot of people who look up to her as someone who has created her own career path, not just in India but also abroad.’ 
 
In her maiden video interview with the LinkedIn India editor, <a href="https://www.linkedin.com/pulse/follow-your-instincts-believe-uniqueness-never-afraid-priyanka-chopra?trk=prof-post">Priyanka Chopra</a> talked about her struggle as a struggling actor, entrepreneur, and breaking stereotypes. 
 
<a href="http://www.businessinsider.in/LinkedIn-launches-three-new-features-/articleshow/54293727.cms">ALSO READ: LinkedIn wants you to get your dream job, no matter what your circumstances are</a> 
 LinkedIn Influencer program currently has 16 Indian residents including PM Modi, Kiran Mazumdar Shaw, Mahesh Murthy, Vani Kola and <keyword id="957710" type="UNKNOWN" weightage="20" keywordseo="Naveen-Tiwari">Naveen Tiwari</keyword> from InMobi. LinkedIn Influencers are encouraged to post as often as possible or at least once a month through either a blog post, video, status update or pictures. 
 This includes the likes of <keyword id="68907" type="PERSON" weightage="20" keywordseo="Indira-Nooyi">Indira Nooyi</keyword> or <keyword id="57060" type="PERSON" weightage="20" keywordseo="Deepak-Chopra">Deepak Chopra</keyword> who are not living in India. 
 
<a href="http://www.businessinsider.in/Jeff-Weiner-alongside-Indian-Linkedin-team-announces-three-new-offerings-for-India/articleshow/54289587.cms">Jeff Weiner had reportedly said a few months back</a> that LinkedIn will never be a media company and Mr. <keyword id="5893" type="PERSON" weightage="20" keywordseo="Kothari">Kothari</keyword> mimics the same thought, ‘We want to share stories that really affect people. We work with various media houses to spread out content on our network and through different social media channels. We are a professional network first, stories and engagement come in to inspire people on the platform. They get relevant content here which they might not, elsewhere, as it comes from the people they look up to. We get such people as LinkedIn Influencers and give them this badge because people want to know what’s happening with them.’ 
 
There are around 500 LinkedIn Influencers globally and LinkedIn tries to maintain that number by adding or delisting the people, as deemed necessary.

Priyanka Chopra is
now on LinkedIn

<ul><li>On June 5, Biocon’s Executive <keyword id="9348685" type="PERSON" weightage="20" keywordseo="chairperson-kiran-mazumdar-shaw">Chairperson Kiran Mazumdar Shaw</keyword> was named as <keyword id="9348456" type="UNKNOWN" weightage="20" keywordseo="ey-world-entrepreneur-of-the-year">EY World Entrepreneur of the Year</keyword> 2020. </li><li>With this, she joined Uday Kotak of Kotak Mahindra Bank and Narayana Murthy of Infosys, who were awarded with this honour in 2014 and 2005, respectively. </li><li>She founded the India-based pharma company Biocon with merely two employees and funds worth $500. </li><li>In 2014, Biocon became the first biopharma company to be a publicly-traded entity and the second company to touch the $1 billion mark on the very first day of the listing.</li></ul>In 1978, <keyword id="55796" type="PERSON" weightage="20" keywordseo="Kiran-Mazumdar-Shaw">Kiran Mazumdar Shaw</keyword> founded the India-based pharma company Biocon with merely two employees and funds worth $500. 42 years later, Shaw has been named as <keyword id="9348684" type="UNKNOWN" weightage="20" keywordseo="ey-world-entrepreneur">EY World Entrepreneur</keyword> of the Year 2020. <div type="twitter" handle="EY_EOY" handlename="EY EOY" image="http://pbs.twimg.com/profile_images/877518155282878464/HTnSrpib_normal.jpg" favoritecount="302" retweetcount="123" status="Congratulations to @kiranshaw, Executive Chairperson of India-based @Bioconlimited who is named EY World Entreprene… https://t.co/eYxchprTNh" createdat="1591297093000" id="1268618074879438853"></div> With this, she has joined the likes of Uday Kotak of Kotak Mahindra Bank and Narayana Murthy of Infosys, who were awarded with this honour in 2014 and 2005 respectively. The virtual award ceremony was held on June 5 — and she was chosen from over 46 entrepreneurs from 41 countries. “She has built India's largest biopharmaceutical company on a foundation of compassionate capitalism and putting patient needs before profits,” Chair of the EY World Entrepreneur Of The Year judging panel <a href="https://www.prnewswire.com/in/news-releases/dr-kiran-mazumdar-shaw-from-india-named-ey-world-entrepreneur-of-the-year-tm-2020-883966722.html">said</a>. An aspiring Brewmaster who opened a bio-enzymes company <div type="image" title="eea0f7895182bcc364abaeda35e570da" msid="76208305" hostid="261"></div> Kiran, who graduated from Australia in 1975 wanted to work as a Brewmaster — a person who looks after everything that goes in the process of making a beer. Little did she know, the brewing industry — which is highly male-dominated in India — will not accept a woman in the role. But, that did not stop her. Two years down the line, she started Biocon in a rented house in Bengaluru where they produced the bio enzymes in the garage. A year of struggle and Biocon became the first such company in India that exported enzymes to other countries like the US and Europe. Years later, in 2004, she came up with <keyword id="1829392" type="COMPANY" weightage="20" keywordseo="Biocon-Foundation">Biocon Foundation</keyword> — which aims to provide healthcare and sanitation facilities and diagnosis and treatment of cancer and other non-communicable diseases to weaker sections of the society. Bicon goes public <div type="image" title="06c05f1aefb71a5e6abe2fa9b1bd87fa" msid="76208327" hostid="261"></div> In 2014, Biocon became the first biopharma company to be a publicly-traded entity and the second company to touch the $1 billion mark on the very first day of the listing. Over the years, the bio-enzymes major — which is now one of the prominent biotech giants in Asia — grew multifold to become a <a href="https://www.businessinsider.in/stock-market/news/biocon-share-price-falls-after-earnings-and-mutual-funds-stake-in-the-stock/articleshow/75754048.cms">$5 billion company</a>. Today, Biocon provides healthcare requirements like insulin for diabetes, biosimilars for those fighting cancer, arthritis and other severe diseases. The company reported revenue worth $800 million, as of FY19 and employees more than 11,000 people. In fact, Biocon has created its mark where other pharma giants are struggling and has a presence in over 120 countries. That includes fermentation-based molecules, human insulin, contract research services and more. That may be because of the affordability of the products. In September 2019, Biocon announced the supply of a special kind of insulin to middle income companies on low prices — in fact, less than a third of the current prices. Meanwhile, Shaw has been an angel investor for a lot of startups in the healthcare domain including those in areas like breast cancer screening, chemotherapy and others. In times of the global pandemic While the world is waiting with bated breath for a vaccine to treat coronavirus, Shaw believes that it will take <a href="https://www.businessinsider.in/science/health/news/biocon-chairperson-kiran-mazumdar-shaw-says-indias-covid-19-vaccines-will-enter-clinical-trial-in-9-months/articleshow/75591805.cms">at least nine months for the COVID-19 vaccine to enter clinical trials</a> in India. She also said that there will be multiple waves before the coronavirus curve flattens as community spread remains a key challenge in India. See also: <a href="https://www.businessinsider.in/business/news/mubadala-to-buy-1-85-pc-stake-in-jio-platforms-for-rs-9093-6-cr/articleshow/76205654.cms?upcache=2">Abu Dhabi's Mubadala to buy 1.85% stake in Ambani's Jio Platforms for ₹9093.6 crore</a> <a href="https://www.businessinsider.in/policy/foreign-policy/news/a-former-diplomat-explains-why-four-agreements-will-take-india-and-australia-ties-to-the-next-level/articleshow/76206931.cms">Beyond ‘khichdi’ and ‘samosa’ ⁠— a former diplomat explains why four agreements will take India and Australia ties to the next level</a>

Biocon’s Kiran Mazumdar Shaw, who debuted in the pharma industry with two employees and $500 becomes EY World Entrepreneur of the Year 2020

<a href="http://www.businessinsider.in/searchresult.cms?query=Startups">Startups</a> are no longer small and are slowly but surely going mainstream. There are more than 5 new tech companies starting in India every day and the country is the 5th largest in terms of funding. 
 
The ‘Start-up India’ initiative by the Indian government is timed very well and we should be global leaders in the start-up sector in the next couple of years. India has a reputation that it starts slow but catches up fast and I am sure with this early edge, we will lead in this sector in the times to come. 
 
This initiative will be instrumental to catapult us to the position of No. 1 <a href="http://www.businessinsider.in/searchresult.cms?query=economy">economy</a> in the world, as predicted by industry estimates, in the next 15-25 years. 
 
We welcome the announcement around the inclusion of institutional support in schools, institutions, incubators, research facilities as well as tinkering labs and on government procurement. 
 
Steps like these will help multiply the current base of start-ups manifold. Small business financing including debt is a major thrust area and we are seeing increasing traction for the same even on our platform. 
 
We are glad that the Prime Minister has announced a variety of schemes to address the challenges of small business financing. To sum it up, we see yesterday's announcement as a concrete step towards achieving the Prime Minister’s vision of the youth of India becoming job creators and not job seekers. 
 
(The article has been authored by Mr. <a href="http://www.businessinsider.in/searchresult.cms?query=Kiran+Murthi">Kiran Murthi</a>, CEO, <a href="http://www.businessinsider.in/searchresult.cms?query=AskmeBazaar">AskmeBazaar</a>)

Here's what AskmeBazaar CEO Kiran Murthi feels about Modi's Startup Policy

They all get up in the morning, eat, work and sleep; the daily routine we all follow to survive. Amidst all the hustle and bustle of the game called ‘survival of the fittest’, what is it that they did differently to be counted amongst the ‘fittest’ to survive? <keyword id="3161596" type="UNKNOWN" weightage="100" keywordseo="TV-RAO">TV Rao</keyword>, the ‘Father of Indian HRD’ discusses the strategies that made them one of the greatest entrepreneurs of all time. He discusses in his new book ‘Effective People’ the researches done by S. N. Chary and Srinivas Pandit, who studied Indian business leaders: <keyword id="55796" type="PERSON" weightage="100" keywordseo="Kiran-Mazumdar-Shaw">Kiran Mazumdar Shaw</keyword>, <keyword id="6419840" type="PERSON" weightage="100" keywordseo="Azim-Premji">Azim Premji</keyword>, <keyword id="28113" type="PERSON" weightage="100" keywordseo="Narayan-Murthy">Narayan Murthy</keyword>, <keyword id="3820" type="PERSON" weightage="100" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword>, Venu Srinivasan, Deepak Parekh, Ronnie Screwwala, Ashok Soota, B. Kelkar and Dr. Verghese Kurien. To his surprise, these leaders, though made their mark in different fields, all share the same traits that made them great names of the business world. 
 
The following emerged from her study. 
 
(Image credits: themuse)

9 qualities Premji,
Narayan Murthy, Mukesh Ambani, V. Kurien and Kiran Mazumdar Shaw shared that
led to their success

If you think <keyword id="10387" type="CITY" weightage="60" keywordseo="Microsoft">Microsoft</keyword>’s prolonged search for the next <keyword id="5645" type="POSITION" weightage="100" keywordseo="CEO">CEO</keyword> is getting a bit nutty, especially with a disgruntled <keyword id="62333" type="PERSON" weightage="60" keywordseo="Steve-Ballmer">Steve Ballmer</keyword> waiting on the sidelines to hand over the mantle, you are not far from the truth. But then, that is the actual state of the coveted C-Suite nowadays – volatile is the right word if you want to sum it up. There is no job security at the top and even the best performer for years can get redundant within the span of a few weeks. The issues could be many – right from <keyword id="646347" type="UNKNOWN" weightage="100" keywordseo="poor-performance">poor performance</keyword> to <keyword id="610960" type="UNKNOWN" weightage="100" keywordseo="business-restructuring">business restructuring</keyword> to alleged <keyword id="6375736" type="UNKNOWN" weightage="100" keywordseo="corruption-charges">corruption charges</keyword>. But the biggest factor is relevance, a perfect future-fit that can take companies ahead, according to <keyword id="67736" type="UNKNOWN" weightage="100" keywordseo="Industry-experts">industry experts</keyword>. In a difficult <keyword id="34412" type="ORGANIZATION" weightage="100" keywordseo="economy">economy</keyword>, companies are compelled to twist and turn to keep track of profitability and their requirements change accordingly. Hence, their leaders have to adapt, shape up or ship out, as the case might be. 
 India is no exception and business leaders across the country have been frequently ‘released’ by industry giants. Many of them leave with ‘immediate effect’ while others are on garden leave or worse still, waiting for their predecessors to turn up (just like Ballmer). Yet, most of the C-Suite executives are tight-lipped about their departures, at least here in India. We are yet to come across an announcement like the one made by <keyword id="384914" type="PERSON" weightage="60" keywordseo="Groupon">Groupon</keyword>’s founder and former CEO <keyword id="488139" type="PERSON" weightage="60" keywordseo="Andrew-Mason">Andrew Mason</keyword>. But exit happens all the same – be it discreet or blatant. Here’s a quick look at some of the top-notch C-Suite executives from India who parted ways with their respective companies in 2013, their official exit lines and what happened behind the scene.

Strife At The Top: These
11 C-Suite Execs From India
Were ‘Let Go’ In 2013

<keyword id="6354512" type="CITY" weightage="80" keywordseo="Infosys">Infosys</keyword> is all set to get a new Chairman in place of <keyword id="396965" type="ORGANIZATION" weightage="80" keywordseo="KV-Kamath">KV Kamath</keyword>, who is taking over the new role as president of BRICS Bank. 
 
On the condition of anonymity, two people familiar with the development said that while Infosys would evaluate external and internal candidates to replace Kamath, it was expected that the conglomerate would name board member R Seshasayee as interim non-executive chairman. 
 
They added that name of the successor would be finalised within two to three weeks. 
 
Economic Times first reported that Infosys had begun hunting for its next chairman and may appoint either Seshasayee, executive vice chairman at Ashok Leyland, or former Microsoft India chairman Ravi Venkatesan as interim chairman to oversee the transition. 
 
Seshasayee, who started his career with Hindustan Lever in 1971 and joined Ashok Leyland in 1976, joined Infosys' board in 2011. He became executive director of Ashok Leyland in 1983 and managing director in 1998. He has also been the chairman of IndusInd Bank since 2007. 
 
"Seshasayee is the most likely candidate to be selected as interim non-executive chairman, given his experience and the fact that he is among the senior-most people on the board," one of the sources told ET. 
 
The person added that it was likely that Infosys would opt for an interim non-executive chairman for now. “Ideally the company would like to have a chairman in place before the AGM (on June 22)," this person said. 
 
Infosys' nominations committee, which identifies and evaluates candidates for various director positions, has the authority to identify and evaluate candidates to replace Kamath. 
 
Besides Kamath, the committee includes board veteran Jeffrey Sean Lehman, Biocon founder Kiran Mazumdar-Shaw and Seshasayee. Technically, a member of the nominations committee can be considered for the position of chairman, the sources said. 
 
Sources told the financial daily that chief executive Vishal Sikka along with Kamath will also explore appointing an external candidate as the next chairman. 
 "Infosys ideally wants the next chairman to have a profile similar to founder NR <keyword id="6355623" type="PERSON" weightage="80" keywordseo="Narayana-Murthy">Narayana Murthy</keyword> or Kamath. That person could come either from within the board or outside Infosys," the second source told ET. 
 
Kamath helped ICICI Bank become a savvy, next-generation lender. He first replaced Murthy as Infosys' chairman in August 2011 and played a vital role in succession planning at the company. 
 
"Infosys needs (a chairman) with experience in institution building. Right now the company is undergoing a serious transition and a lot of changes are taking place under the new CEO. So Infosys needs to pick someone who can be a good sounding board to Sikka," Kavil Ramachandran, executive director, Thomas Schmidheiny Centre for Family Enterprise at the Indian School of Business, told ET. 
 
Ramachandran said it should ideally be someone who Sikka respects and will not be seen a roadblock and also who knows the company well and values the ethos of the founders. 
 
During past five years, Infosys’ chairmanship changed as many as four times. Following two lacklustre years under co-founder SD Shibulal, the company's board brought back Murthy as executive chairman in June 2013 and Kamath moved out of his non-executive role. 
 
After the company appointed Sikka as its first non-founder CEO in August 2014, Murthy stepped down from his executive chairman role and Kamath took over again. 
 
(Image: Indiatimes)

Seshasayee likely to be interim chairman while search for Kamath’s successor continues

BANGALORE: This is perhaps a first for any major company in India. A former CEO and a former CFO of <keyword id="6354512" type="CITY" weightage="80" keywordseo="Infosys">Infosys</keyword> will contest the coming general elections — <keyword id="44604" type="PERSON" weightage="40" keywordseo="Nandan-Nilekani">Nandan Nilekani</keyword> for <keyword id="1575" type="ORGANIZATION" weightage="40" keywordseo="Congress">Congress</keyword> from South Bangalore, and V Balakrishnan for <keyword id="6354944" type="ORGANIZATION" weightage="40" keywordseo="Aam-Aadmi-Party">Aam Aadmi Party</keyword> (AAP) from Central Bangalore. 
 Coincidence? Not entirely, said <keyword id="1040732" type="UNKNOWN" weightage="40" keywordseo="Priya-Chetty-Rajagopal">Priya Chetty-Rajagopal</keyword>, executive director in RGF Executive Search. “The Infosys story is about possibilities, about dreams, conviction, integrity, and the success that knowledge can bring. Both (Nandan and Bala) come from that golden time when anything was possible, and perhaps there is a connection in what both plan to do,” she said. 
 Management consultant <keyword id="175362" type="PERSON" weightage="40" keywordseo="Harish-Bijoor">Harish Bijoor</keyword> believes that Infosys is an eco-system of excellence. Rajagopal pointed out that Infosys has had a particularly strong reputation of leaders w<keyword id="6354185" type="ENTERTAINMENT" weightage="40" keywordseo="IT">it</keyword>h a public or philanthropic <keyword id="819560" type="PERSON" weightage="40" keywordseo="bent">bent</keyword>, be it <keyword id="170488" type="POSITION" weightage="40" keywordseo="co-founder">co-founder</keyword> N R Narayana Murthy or Nilekani (he played a key role in BATF — <keyword id="772065" type="ORGANIZATION" weightage="40" keywordseo="Bangalore-Agenda-Task-Force">Bangalore Agenda Task Force</keyword> in the early 2000s), or TV Mohandas Pai (former CFO and HR head who has been very active in public spaces). 
 
“It’s a part of their ethic, it seems. They have high believability, authenticity, and realize if they are true to themselves, people will listen, and they can grow collectively,” she said. 
 The industry is delighted at the turn of events. “It’s good to see high-profile corporate leaders opting for political careers,” said <keyword id="6413985" type="PERSON" weightage="40" keywordseo="Kiran-Mazumdar-Shaw">Kiran Mazumdar-Shaw</keyword>, CMD of Biocon. Som Mittal, former president of IT industry body <keyword id="6372077" type="CITY" weightage="40" keywordseo="Nasscom">Nasscom</keyword>, said the country needs a new breed of people, including technocrats, in government and opposition.

Why Two Ex-Infosys Bosses Took The Poll Plunge

Forbes magazine has placed India at the fourth place in its list of countries with the highest number of billionaires, and once again <keyword id="6355199" type="CITY" weightage="20" keywordseo="Reliance-Industries">Reliance Industries</keyword> chief <keyword id="3820" type="PERSON" weightage="100" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword> has been named the richest Indian. 
 
The list, called 'World's Billionaires' 2017, has 2,043 names in it, who have a combined net worth of $7.67 trillion. In comparison to last year, this figure is up by a record 18%. 
 
Microsoft co-founder <a href="http://www.businessinsider.in/bill-gates-is-largely-optimistic-about-the-future-but-a-key-tenet-of-the-trump-administration-worries-him/articleshow/57635057.cms">Bill Gates</a> tops the list for the fourth year in a row, with a fortune of $86 billion. Last year, this figure stood at $75 billion. Berkshire Hathaway chief <a href="http://www.businessinsider.in/its-all-mental-with-him-warren-buffetts-late-wife-revealed-why-it-took-the-billionaire-so-many-years-to-start-giving-away-his-fortune/articleshow/56902258.cms">Warren Buffet</a> stands second with a new worth of $75.6 billion. 
 
The third place in the list has been grabbed by Amazon's Jeff Bezos with $72.8 billion net worth. 
 
<a href="http://www.businessinsider.in/11-billionaires-hit-hard-by-demonetisation-mukesh-ambani-still-the-richest/articleshow/57519993.cms">Mukesh Ambani</a>, with $23.2 billion, stands 33rd in the list. His younger brother <a href="http://www.businessinsider.in/anil-ambanis-reliance-capital-sells-paytm-stake-to-alibaba-for-rs-275-crore/articleshow/57513421.cms">Anil Ambani</a>, however, ranks 745th with a net worth of $2.7 billion. 
 
Also read: <a href="http://www.businessinsider.in/mukesh-ambani-knows-what-the-millennials-want-heres-how/articleshow/57390611.cms">Mukesh Ambani knows what the millennials want. Here’s how</a> 
 
Talking of countries, India homes 101 billionaires, crossing the 100 mark with for the first time, standing fourth after USA (565), China (319), and Germany (114). 
 There are only four women billionaires from India, viz. <keyword id="51618" type="PERSON" weightage="20" keywordseo="Savitri-Jindal">Savitri Jindal</keyword> and her family (303rd position), Smita Crishna-Godrej (814th), Biocon founder Kiran Mazumdar-Shaw (973) and Leena Tewari (1030). 
 Other Indians in the list are <keyword id="6419840" type="PERSON" weightage="20" keywordseo="Azim-Premji">Azim Premji</keyword> (72nd), <keyword id="111343" type="PERSON" weightage="20" keywordseo="Gautam-Adani">Gautam Adani</keyword> (250th), <keyword id="33278" type="PERSON" weightage="20" keywordseo="Rahul-Bajaj">Rahul Bajaj</keyword> (544th), Acharya Balkrishna (814th), <keyword id="6398943" type="PERSON" weightage="20" keywordseo="Rakesh-Jhunjhunwala">Rakesh Jhunjhunwala</keyword> (939th), NR Narayana Murthy (1161st), Vivek Chand Burman and <keyword id="44604" type="PERSON" weightage="20" keywordseo="Nandan-Nilekani">Nandan Nilekani</keyword> (tied at 1290th), Vijay Shekhar Sharma and Habil Khorakiwala (1567th), <keyword id="46425" type="PERSON" weightage="20" keywordseo="Anand-Mahindra">Anand Mahindra</keyword> (1567th), Niranjan and Surendra Hiranandani (tied at 1678th), and Rana Kapoor (1795th). 
 
(Image source: <keyword id="375775" type="COMPANY" weightage="20" keywordseo="Forbes-India">Forbes India</keyword>)

India ranks fourth in Forbes list of most billionaires, Mukesh Ambani richest Indian again

<a href="http://www.businessinsider.in/searchresult.cms?query=AskMe">AskMe</a> group has launched AskmeFin as part of the group’s ‘Grow with Us’ initiative. The campaign is aimed at offering working capital loans to <a href="http://www.businessinsider.in/searchresult.cms?query=SMEs">SMEs</a> including short term working capital loans, overdraft limit, loans against receivables and bill discounting facility. 
 
Speaking about these alliances, Mr. Kiran Murthi, CEO, AskmePay, said “At <a href="http://www.businessinsider.in/searchresult.cms?query=AskMe">AskMe</a>, we are committed to help our <a href="http://www.businessinsider.in/searchresult.cms?query=SMEs">SMEs</a> partners to grow their business. The <keyword id="44779" type="COMPANY" weightage="80" keywordseo="SMEs">SMEs</keyword> who are using AskmePay for their offline transactions will also be eligible to avail these financing options.” 
 
The group has announced a handful of strategic alliances to facilitate faster financing for these SMEs, irrespective of the size of their business. It has tied up with Mahindra Finance, Bajaj Finserv, Capital Float, Religare, SMEBank.in and Mandii.com to offer loans ranging from Rs. 50,000 to Rs. 1 Crore available for 15 days to 6 months. This option would add to the existing services from <a href="http://www.businessinsider.in/searchresult.cms?query=AskMe">AskMe</a>, <a href="http://www.businessinsider.in/searchresult.cms?query=AskmeBazaar">AskmeBazaar</a>, AskmePay, AskmeFurniture and AskmeGrocery. 
 
Speaking on the alliance, Mr. R Balaji, Vice President, Mahindra Finance said, “Our financial solutions would be convenient and hassle free and ensure that the SMEs are able to get adequate credit to fuel their growth.” 
 
“We understand the pain-points of small businesses with regards to working capital finance. Therefore at Capital Float, it is our mission to make access to capital easier for <a href="http://www.businessinsider.in/searchresult.cms?query=SMEs">SMEs</a>/MSMEs by leveraging technology and data”, Mr. Gaurav Hinduja, Co-Founder, Capital Float said. 
 
Image credit: Indiatimes

Askme joins
SME race, to finance 14 million sellers with upto Rs. 1 Crore loans

The government has announced a slew of measures that can help Indian startups. Taking the <a href="http://www.businessinsider.in/searchresult.cms?query=Startup+India">Start-up India</a> initiative forward, this Budget allocated a sizeable Rs. 500 Crores for SC/ST and Women entrepreneurs. Announcements like 100% tax exemption for 3 years for start-ups would go down well with initial startups. The proposed amendment of the <a href="http://www.businessinsider.in/searchresult.cms?query=Companies+Act">Companies Act</a> to allow new <a href="http://www.businessinsider.in/searchresult.cms?query=start-ups">start-ups</a> to register in one day is also a welcome step. 
 
We got in touch with startup founders to see what they felt about the Budget. 
 
<a href="http://www.businessinsider.in/searchresult.cms?query=Vijay+Shekhar+Sharma">Vijay Shekhar Sharma</a>, Founder and CEO, <a href="http://www.businessinsider.in/searchresult.cms?query=Paytm">Paytm</a>, “I am really happy for Aadhar and IndiaStack. With the focus on digital payments and incentives to startups, the Finance Minister has boosted our Prime Minister's <a href="http://www.businessinsider.in/searchresult.cms?query=Digital+India">Digital India</a> and <a href="http://www.businessinsider.in/searchresult.cms?query=Startup+India">Startup India</a> plans.” 
 
<a href="http://www.businessinsider.in/searchresult.cms?query=Bhavish+Aggarwal">Bhavish Aggarwal</a>, Co-founder and CEO, <keyword id="6354720" type="PERSON" weightage="80" keywordseo="Ola">Ola</keyword> said, “It was quite encouraging to see the Hon'ble FM also address some key road transportation issues and set aside a requisite budget for <a href="http://www.businessinsider.in/searchresult.cms?query=infrastructure+development">infrastructure development</a>. Creating inroads for <a href="http://www.businessinsider.in/searchresult.cms?query=entrepreneurship">entrepreneurship</a> in the public transportation space and amendments in the <a href="http://www.businessinsider.in/searchresult.cms?query=Motor+Vehicles+Act">Motor Vehicles Act</a> to allow for innovations will provide a strong impetus towards enabling mobility for citizens.” 
 
<a href="http://www.businessinsider.in/searchresult.cms?query=Kiran+Murthi">Kiran Murthi</a>, CEO, <a href="http://www.businessinsider.in/searchresult.cms?query=AskmeBazaar">AskmeBazaar</a>,” Honourable Finance Minister has presented a business friendly budget which is encouraging for young and fast growing India. We welcome this budget as a progressive step in the right direction with an intention to promote <keyword id="107737" type="ORGANIZATION" weightage="80" keywordseo="Entrepreneurship">entrepreneurship</keyword> and encouraging start-ups in India." 
 
Varun Khitan, Co Founder, <a href="http://www.businessinsider.in/searchresult.cms?query=UrbanClap">UrbanClap</a>, "Startups look to gain from the government focus on employment and employability. Change in the definition of <a href="http://www.businessinsider.in/searchresult.cms?query=SME">SME</a>, focused intent on the <a href="http://www.businessinsider.in/searchresult.cms?query=GST+bill">GST bill</a> and added infrastructure spending are all boosters for the economic environment and startups stand to gain from them. We look forward to speedy implementation of these proposals." 
 
Image credit: Indiatimes

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