After the world’s largest wooden charkha was unveiled at the Indira Gandhi International Airport here, the Capital will soon be able to boast another larger than life charkha, this time in the heart of the city – Connaught Place. The Khadi and Village Industries Commission (KVIC), which recently …
Coir Board chief calls for wider use of coir wood
Coir Board Chairman CP Radhakrishnan has appealed to the participants of India International Coir Festival (IICF) 2016 to use coir wood and stop cutting of trees. Coir composite or coir wood is made using coir fibre bonded with thermosetting adhesive, which is a replacement for wood and plywood. …
Among MSMEs, services sector outpaces manufacturing
CRISIL’s analysis of the performance of 4,000 Micro, Small, and Medium Enterprises (MSMEs) between FY 2013 and FY 2015 shows the growth of the services sector handily outpacing the manufacturing sector. While the services sector grew at a Compound Annual Growth Rate (CAGR) of 20 per cent, d…
Kalraj Mishra inaugurates incubation cell at IIFT Delhi
Kalraj Mishra, Union Minister of MSME inaugurated Incubation Cell at at IIFT Delhi on July 18. Highlighting the initiatives taken by the government for uplifting the entrepreneurial spirit of youths in the country under Startup India, Standup India and Atal Innovation Mission, Mishra said that th…
Startup brings next generation of job interviews to India
The future of job interviews is here and it looks influenced by on-demand ride service Uber. The model, created by startup Monjin Interviews, is built around a video database and a platform where candidates meet interviewers purely on the basis of their skills. This is how it works: A candidate j…
Coca-Cola’s former head of marketing Shripad Nadkarni sets up food startup
Shripad Nadkarni, a former marketing head at Coca-Cola India, has teamed up with three other former executives of major consumer goods firms to set up food startup Fingerlix which will sell fresh, ready-to-cook foods such as curries, batter and mixes. “The ready-to-cook sector is a white sp…
Smartbox in talks to raise $10 million
Delhi-based start-up Smartbox, which provides online shoppers with a secure way to pick up their parcels from ATM-like terminals at a convenient location and time, is in talks to raise its first round of funding of $10 million from domestic and international investors. With an installed base of 1…
Only 5-10% start-ups globally will become large | Kris Gopalakrishnan, Infosys Co-Founder
Infosys Co-Founder and former CII President Kris Gopalakrishnan on July 18, said almost seventy per cent of start-ups globally will fail and only five to ten per cent will become large and scale up. “Almost seventy per cent of start-ups will fail. About 20 per cent will survive but will not…
Bluestone raises Rs 200 crore from IIFL, RB Investments
IIFL and RB Investments Pte have led Rs 200 crore Series D round in online jewellery retailer Bluestone at undisclosed valuation. Existing investors in the company Kalaari Capital, Accel and IvyCap Ventures participated in the current round. The company competes with Tata Group backed Caratlane i…
RentoMojo receives $5 mn funding from Accel, IDG Ventures
Online rental solutions company RentoMojo has raised funds of $5 million in a first strategic round (Series A) from IDG Ventures and Accel Partners. The funds raised will be used to further strengthen the product and data driven structure within the company, it said in a statement here on July 18…