SMBs

Almost 35 per cent of small and medium businesses (SMBs) in India are spending over 10 per cent of their revenue on technology (in comparison to global counterparts) and 26 per cent of SMBs are early adopters of new technologies, a Microsoft report said.At least 27 per cent of SMBs are all or mostly cloud-based, a percentage that is expected to be the global average in two-three years, according to Microsoft's 'SMB Voice and Attitudes to Technology Study 2022' prepared by Analysys Mason.SMBs are contributing approximately…

NEW DELHI: A lack of flexibility and adaptability in legacy banking infrastructure is pushing small and medium businesses (SMBs) around the world to…

SaaS platform for online stores Dukaan on Friday announced that it has partnered with ShareChat and Moj that will enable the merchants on its platform to collaborate with creators present on ShareChat and Moj to promote their products through video and live content.Launching first on Moj this month, this partnership will enable small and medium businesses on Dukaan, present across different regions of India, to promote their products and services with the help of millions of regional creators who have a strong influence…

In a bid to empower women with meaningful work opportunities, Amazon India launched the Northeast's first all-women delivery station at Champai in Mizoram, near the Indo-Myanmar border. The station will be operated by Christina Rindiki, an entrepreneur who started a last-mile delivery company called Service with Amazon's Delivery Service Partner programme. This station will help deliver Amazon packages to customers in neighbouring areas like Kanan, Kahrawt, Venglai, Vengthlang, Vengsang, and Bethel, among others. The…

Rita Liao / TechCrunch: Dianxiaomi, an e-commerce SaaS provider for SMBs in China, Southeast Asia, and Latin America, has raised a $110M Series D led by Vision Fund 2 and Sequoia China — Thanks to cross-border e-commerce platforms, China continues to be a major exporter of consumer goods for the world in the online shopping age. Rita Liao / TechCrunch: Dianxiaomi, an e-commerce SaaS provider for SMBs in China, Southeast Asia, and Latin America, has raised a $110M Series D led by Vision Fund 2 and…

Microsoft on Wednesday introduced Hindi captions and transcripts for its video collaboration app Teams on Web that will help small and medium businesses (SMBs) in India.Microsoft Teams on Web now allows live Hindi captions, along with other new spoken languages, including German, Portuguese (Brazil), Japanese, to name a few. "This provides flexibility and additional clarity for your participants to engage in meetings. Small businesses in India need the right technology tools to adapt to customers' needs and scale…

Manish Singh / TechCrunch: New Delhi-based Progcap, a digital bank that provides working capital to SMBs, raised a $40M Series C extension at a $600M valuation, up 3x since September 2021 — Google has invested in Progcap, an Indian startup that provides working capital to small and medium-sized businesses … Manish Singh / TechCrunch: New Delhi-based Progcap, a digital bank that provides working capital to SMBs, raised a $40M Series C extension at a $600M valuation, up 3x since September…

Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. There’s a lot of fintech news out there and it’s my job to stay on top…

TikTok says it has completed migrating its US users' data to Oracle's servers in the US  —  TikTok has completed migrating its U.S. users' information to servers at Oracle Corp (ORCL.N), in a move that could address U.S. regulatory concerns over data integrity on the popular video app, the company confirmed to Reuters. TikTok says it has completed migrating its US users' data to Oracle's servers in the US  —  TikTok has completed migrating its U.S. users' information to servers at Oracle Corp (ORCL.N), in a move that…

About 44 per cent of developers based in India are considering leaving their job this year compared to 42 per cent globally, according to a report.The report by DigitalOcean Holdings, the cloud for developers, startups and SMBs, surveyed over 2,500 respondents from 94 countries including India, US, Germany, Canada and the UK.It shows that the developer talent shortage has potential to worsen with 64% of those with less than a year's experience, and 32% of those with 1-5 years experience, leaving their job…