Indian prime minister Narendra Modi made several promises in his speech to an audience of startups and venture investors on Saturday. That has instilled hope that the country might become a more attractive destination for investment, at a time when funding activity has ebbed from the highs of mid-2015. Banks…

In India, millions of businesses in smaller towns are still wary of online selling — although many have joined the bandwagon through marketplaces like Flipkart and Snapdeal — and are apprehensive about the costs involved.Singapore-based Shopmatic helps these businesses and entrepreneurs to sell online. Shopmatic helps them develop their own…