Post the legalisation of industrial hemp in Uttarakhand, start-ups like Bombay Hemp Company (BOHECO) and Orissa based HempCann Solutions are individually working on medical cannabis research for palliative care, aiming to enter the Indian market in next 3 to 4 years. Currently, BOHECO is partneri…
Indian UAV start-up ideaForge raises funds from Infosys
Infosys said on December 15 that it has invested an undisclosed amount in the Indian UAV manufacturing startup, ideaForge. Infosys has been aggressively investing on startups in the current quarter. It will fund ideaForge through its Innovation Fund. The investment is subject to receipt of regula…
Digital media start-up for millennials raises $3 mn led by Sequoia
Mumbai-based Pocket Aces, a digital entertainment company aimed at the Indian millenial, just raised a cool US$3 million in fresh funding, led by VC bigwig Sequoia Capital. Pocket Aces was founded by Ashwin Suresh, Anirudh Pandita, and Aditi Shrivastava in December 2013. Ashwin and Anirudh were r…
Bangalore-based SME automation firm plans offices in 5 cities
Opening of offices in five cities, including Hyderabad, and raising the headcount figure are in the plans of Bengaluru-based G7CR Technologies India, that recently introduced custom solutions for Small and Medium Enterprises automation. Announcing the launch of Business Enablement and Automation …
Ekalavya Sports brings start-up culture to new field
Kolkata: Start-ups in the city have discovered a new field to play with their budding business ideas. At least one of them has already set the ball rolling, albeit in Sambalpur, Odisha. And it’s no wonder that this fresh idea has come from a former soccer star. Ekalavya Sports, a sports sta…
Epsilon Ventures invests Rs 154 cr in Pi Data
Epsilon Venture Partners, a pan-Asian technology focused fund manager along with an Australian private equity group has invested Rs 154 crore ($23 million) in Vijayawada-based data-centre and cloud services firm Pi DATACENTERS (Pi). The funds raised would be used in rolling out the first few data…
Lendingkart Finance expands to 462 cities, aims to cover 10k SMEs
Lendingkart Finance, the NBFC (non-banking finance company) of Lendingkart Group, a leading online platform that facilitates SMEs (small and medium enterprises) to obtain working capital loans, has expanded its reach to 462 cities across the country. Disbursing over 6,500 loans in small towns and…
Online stock broking start-up TradingBells raises seed funding
Indore-based discount broking startup TradingBells, has raised $294,000 (Rs 2 crore) from Mumbai-based stock broking firm Swastika Investmart Ltd, it said in a statement. TradingBells, run by TradeBells Broking Pvt. Ltd, will use the funds for hiring talent, expanding office infrastructure, upgra…
Vodafone IoT & Ecolibrium Energy to deliver up to 30% saving in energy costs for industrial consumers
Every year, Indian industry wastes energy worth an estimated $11 billion, roughly translating to more than Rs 735 crore. Vodafone Business Services (VBS), the enterprise arm of Vodafone India, has announced its tie-up with Gujarat-based Ecolibrium Energy, a market leader in Energy Analytics in In…
Need for IP protection for handloom weavers: Smriti Irani
There’s a need to introduce intellectual property (IP) protection for handloom weavers of India, opined Union Textiles Minister Smriti Irani at a handloom conference recently held in New Delhi. She also said that handloom is the country’s legacy and its potential needs to be positioned and acknow…