WeWork, one of the top ten most valued startups globally, is entering India through an ‘operating agreement’ with Embassy Group, a leading office space developer in the country. New York-based WeWork, a tech-enabled platform offering collaborative office services for entrepreneurs and…
Mega food park to be set up in Ludhiana for Rs 117 cr
Food Processing Minister Harsimrat Kaur Badal on September 26 laid the foundation stone of a mega food park project in Ludhiana to be developed at a cost of Rs 117.61 crore. This mega food park is expected to provide direct and indirect employment to about 6,000 people and benefit about 25,000–30…
IIT-Delhi to mentor 45 women entrepreneurs from across the country
Having come up with a quirky name for her enterprise, Bee Positive ++, Kanupriya Saigal plans to create a cooperative of beekeepers at Karnal to produce and sell honey. The novice entrepreneur will be chaperoned through the initiation process by Indian Institute of Technology-Delhi under its thre…
How fixing these government policies could benefit start-ups
The government has overwhelmingly acknowledged and supported the mushrooming startup ecosystem in India. However, industry experts still believe that there continues to be nuts and bolts that need to be fixed in the ecosystem in order to carry out business at a faster pace. Initiatives like Start…
Start-ups can take long-term risk with Indian money: Nilekani
Infosys Co-Founder Nandan Nilekani is all for Indian start-ups, saying they have entered an ‘exciting phase’ with focus on India-specific problems and opportunities, and domestic money is fuelling risk appetite. “I am very bullish on the Indian start-up scenario”, the brai…
Zomato acquires logistics tech startup Sparse Labs
Online restaurant ordering and discovery portal Zomato acquired logistics technology startup Sparse Labs, as it looks improve the delivery experience. The financial details of the transaction were not disclosed. Sparse Labs has developed an Android-based mobile application which transmits deliver…
Logistics start-up HeyDidi expanding to Pune & Nagpur
HeyDidi, an all-women logistics start-up that provides delivery services for e-commerce companies and restaurants in Mumbai and Bangalore, will expand to Pune and Nagpur before Diwali. The logistics service provider, which hires young women to carry out instant parcel delivery services on two-whe…
Paytm buys edutech start-up Edukart
Payment services provider Paytm (One97 Communications Ltd) has bought education technology start-up Edukart, backed by cricketer Yuvraj Singh and Paytm Founder Vijay Shekhar Sharma, after it failed to raise new funds, said three people aware of the development. The purchase, whose value wasn’t di…
Six SME IPOs to hit mkts this week to mop up Rs 65 cr
Enthused over upbeat investor sentiment, as many as six small and medium enterprises (SMEs) will come out with initial public offers to raise an estimated Rs 65 crore. So far this month, seven companies have hit the capital markets. The six firms coming up with IPOs are Jet Knitwears, Nandini Cre…
CPSUs need steps to meet 20% procurement target from MSMEs: LUB
Industry body Laghu Udyog Bharti (LUB) said that Central Public Sectors Units (CPSUs) need to take measures towards achieving the target of 20 per cent procurements from MSMEs. “So far 43 CPSUs out of a total of 277 CPSUs have achieved the target of 20 per cent.” Hitendra Joshi, Presi…