Healthcare technology start-up Idea Bubbles has raised Rs 4.5 crore in equity funding from 1Crowd and Eureka Forbes along with its parent Shapoorji Pallonji & Company. “Idea Bubbles…has recently raised Rs 4.5 crore (about USD 700,000) in equity funding from early stage funding pla…
Indian fitness start-up picked for Google Demo Day
New Delhi: An Indian fitness startup backed by Mohandas Pai’s Exfinity Venture calls itself the “Zomato of fitness”. The company is on its way to showcase itself at the Google Entrepreneurs Demo Day next week at the search giant’s headquarters at Mountain View, California. Mumba…
Candor inks pact with B’luru Metro for biz incubation centre
Candor Management Services announced that it has signed a definitive agreement with Bangalore Metro Rail Corporation to set up a new business incubation centre at the ‘Namma Metro’ Trinity Station. Branded “candorHUB”, the centre will nurture startups in bringing their inn…
Idea Bubbles raises Rs 4.5 cr from Eureka Forbes, 1Crowd
Healthcare technology startup Idea Bubbles today said it has raised Rs 4.5 crore in equity funding from 1Crowd and Eureka Forbes along with its parent Shapoorji Pallonji & Company. “Idea Bubbles…has recently raised Rs 4.5 crore (about USD 700,000) in equity funding from early stag…
Flipkart’s Sachin Bansal looks to set up lobby group for Indian start-ups
Flipkart Co-Founder and Executive Chairman Sachin Bansal is talking to several Indian entrepreneurs and influential investors to create a lobby group that will represent the interests of Indian consumer Internet start-ups, three people familiar with the matter said. Bansal has approached Ola’s Bh…
Telangana govt to bring IoT and Smart Technology Policy
The Telangana government will come up with IoT and Smart Technology Policy that will encourage startups and IoT based product development companies, a senior official said. “The Telangana government will be coming up with IoT and Smart Technology Policy, which will be encouraging the start-…
Start-ups can raise $3 mn via ECBs annually: RBI
The Reserve Bank permitted startups to raise External Commercial Borrowings (ECBs) of up to USD 3 million in a financial year, a move aimed at boosting innovation and promoting job creation. The borrowing should be denominated in any freely convertible currency or in Indian Rupees (INR) or a comb…
SREI launches digital marketplace iQuippo for infra sector
City-based Srei Group on October 27 announced launch of iQuippo, a digital marketplace startup for construction equipment machinery and services. “iQuippo is an independent markeplace model for construction equipment and this is the first of its kind. This is an e-commerce startup from Kano…
Retail, SME sectors could be next bubble: Axis Bank MD & CEO Shikha Sharma
The retail and medium-sized enterprises sectors have been showing credit demand but the banking industry is worried that they could be the next bubble, said Axis Bank Manging Director & CEO Shikha Sharma while speaking at a event. Sharma also pointed out that credit growth to the corporate se…
Make in India eyes bigger role for MSMEs, but the sector sounds alert
At a time when the government’s Make-in-India initiative envisages a bigger role for MSMEs, a caution has been sounded: Contribution of manufacturing MSMEs in the GDP and total manufacturing output has decreased steadily in the recent past from 7.7% to 7% and from 42.2% to 37.3%, respectively, du…