It is need of the hour for the Government of Tamil Nadu to create a favourable environment for start-ups, a report has said. “Business transformations are driven by digital advancements, introducing disruptive products and services for enhancing customer experiences. India has witnessed a s…
Telangana likely to announce skills policy in November
Telangana government is formulating its skills policy and may announce it in November, a senior official said. “We at Telagnana government are formulating our own skill policy. This skill policy, termed as ‘Telangana State Skill Mission’, will be launched very soon, may be in th…
Beardo raises $500k from Venture Catalysts in seed funding
Actor turned entrepreneur Suniel Shetty backed men’s grooming brand Beardo raises seed funding of $500k from Venture Catalysts. The investment round was led by Raj Vazirani – RHV enterprise, Siddharth Somaiya of Godavari Biorefineries & Somaiya Group, Rohit Parakh – Diector, Touchston…
Sequoia backed Druva raises $51 million in series E funding
Data protection solutions provider, Druva raised $51 million in series E funding from a consortium of investors led by Sequoia India. The round was led by existing investor Sequoia India and joined by new investors – Singapore-based EDBI, as well as Blue Cloud Ventures and Hercules Capital. It al…
Govt expects improvement in India’s ease of doing biz ranking
Enthused by improvement in India’s rank in WEF’s Competitiveness Index, the government exuded confidence that the country will witness a similar gain in the World Bank’s ease of doing business ranking and it may also prompt a sovereign ratings upgrade. Although global credit rat…
YES Bank launches full service banking proposition for start-ups
YES Bank, India’s 5th largest private sector bank, announced the launch of YES:Head-STARTUP; a full service banking proposition for tech or tech-enabled Start-ups, complemented by a first-of-its-kind privilege program. In keeping with unique and specialized banking requirements of start ups, the …
MoneyTap launches credit line app
Fintech start-up MoneyTap has launched a credit line app in partnership with its banking partner RBL Bank. Using the app, a salaried employee can borrow as little as Rs. 3,000 or as much as Rs. 5 lakh from a bank. Credit line is a fairly new concept in India, and is an arrangement between a bank …
GoDaddy open to acquiring firms for SME-specific products
GoDaddy, the internet domain registrar and web-hosting company for small businesses, is open to acquiring any company that is “building phenomenal experiences for small businesses,” a top executive of the company told. “A part of our investment strategy is broadening our product portfolio with pr…
YourNest launches its second start-up fund with a Rs 300 crore corpus
Early stage venture capital firm YourNest on September 27 announced the launch of its second fund, YourNest India Fund II, with a corpus of Rs 300 crore. The firm has also brought onboard Vivek Mansingh, who has previously served as President of Cisco’s Collaboration and Unified Communicati…
P&G CEO meets Modi, discusses Make in India
Procter & Gamble Global Chief Executive Officer and President David S Taylor called on Prime Minister Narendra Modi here on September 27. Taylor, who was in India for a short visit, discussed the company’s Make in India initiatives as well as partnering with the Centre’s key initiatives such …