Oil India (OIL) has set up an OIL Start-Up fund of Rs 50 crore to encourage new “out of the box” ideas related to the oil and gas sector, particularly in the Northeast. The oil exploration major’s Chairman-cum-Managing Director Utpal Bora said in a press conference that the init…
Warburg Pincus bets 500 cr on logistics co Rivigo
Gurgaon-based logistics technology start-up Rivigo has scored a cheque of $75 million or Rs 500 crore led by private equity major Warburg Pincus at a time when there’s been a drastic cut back in growth stage funding this year. Having begun operations in 2014 as TruckFirst, the company servi…
SMEs find opportunity to migrate to cloud environment at no upfront cost
The bottom of the pyramid for Business-to-Business (B2B) companies are the Small and Medium Enterprises (SMEs) and their technology requirements are certainly very different from any large entity. Catering to their needs can be a very tricky challenge as the business volume is certainly high but …
Global investors looking East to fund growing start-up ecosystem
Asia appears to be the new hotbed of activity for the start-up sector with successful investors, executives and entrepreneurs right from Russia to Israel eager to identify and support seed and early-stage businesses in the region. The immediate aim of these firms is the multi-billion dollar oppor…
India-UK trade agreement to spur trade at $20 bn by 2020: PHD Chamber
Prospective bilateral agreement and growth avenues would push trade between India and UK to USD 20 billion by 2020 from the current level of at around USD 14.3 billion in 2015-16, said Dr. Mahesh Gupta, President, PHD Chamber of Commerce and Industry in a press statement issued. India and UK are …
e-Commerce platform MakeMyStore to help entrepreneurs sell online
Friscon India Pvt Ltd launches platform MakeMyStore has launched a powerful online platform designed to help entrepreneurs set up their personalized e-Commerce stores. Start-up online retails and entrepreneurs can sign-up with this online platform, design their website, manage their business and…
Online pharmacy licenses will ease business, say start-ups
Even as India deliberates on the status of online pharmacies, startups such as 1MG Technologies and NetMeds say they are planning to take up an e-pharmacy licence if the government allows online sale of medicines. A proposal is underway through a sub-committee under the Modi government which is l…
Bizongo raises $3 mn from IDG Ventures, Accel Partners
Bengaluru: Bizongo, run by Smartpaddle Technology Pvt. Ltd, a marketplace where businesses can procure packaging materials, on November 4th said it raised $3 million in a Series A round of funding from venture capital firms IDG Ventures and Accel Partners, an existing investor. The Mumbai-based f…
Hold your breath: These start-ups are thriving on air pollution
The country is going through a severe air pollution crisis, especially after Diwali – the air quality index has declined to an alarming stage in various parts of North India. In the past week, Delhi-NCR has been hit the most with the air pollution crisis. According to National Air Quality Index d…
Indian fintech start-ups a long way off from big global peers
Though IT trade body Nasscom claimed that India has more startups than China last week, the KPMG Fintech100 report for 2016 does not reflect it. In the top 100 fintech companies shortlisted from across countries, there are only three Indian startups that have made the cut, while China dominates t…