Ford Motor Co is among five investors providing $6.6 million in seed funding for Civil Maps, a California startup that creates three-dimensional maps for autonomous cars. The other participants are Motus Ventures, Wicklow Capital, StartX Stanford and AME Cloud Ventures, a fund led by Yahoo! Inc. …
Dhoni’s brand Seven grosses over $2.5 million in three months
Star cricketer MS Dhoni-backed footwear and apparel brand Seven has crossed $2.5 million in turnover in the first three months of its operations, said a top company executive. Chairman of Rhiti Group Arun Pandey said the company is targeting a turnover of $10 million in the domestic market and $3…
Kris Gopalakrishnan-backed JetSynthesys invests $3 million in ‘garage’ for start-ups
Infosys Co-Founder Kris Gopalakrishnan-backed JetSynthesys Ltd and announced the launch of ‘Garage’, a unique infrastructure based concept that offers to provide a perfect eco-system for start-ups. JetSynthesys has already invested over $3 million in creating this first ‘Garage&…
Country’s first ‘Women’s Entrepreneurs Park’ launched at FLO meet
NEW DELHI, 15 July 2016: Harish Rawat, Chief Minister of Uttarakhand, launched the ‘Women’s Entrepreneurs Park’ of Uttarakhand, at a meeting organized by FICCI Ladies Organisation (FLO) at Federation House. The first industrial park in the country, exclusively for women entrepreneurs, will be lo…
UP Govt. to notify Rs.10 lakh subsidy for plant & machinery in Micro and SSI Units
UP Govt. to soon notify Rs.10 Lakh worth of subsidy for plant and machinery in Micro and SSI Units from presently Rs.2 Lakh, says Assistant Commissioner, Noida The Government of Uttar Pradesh is going to enhance the subsidy element for plant and machinery deployed in units of micro and small scal…
Newgen releases eGov suite 11.0 with enhanced capabilities for digital document management
Newgen Software Technologies Limited, a leading global provider of Business Process Management (BPM), Enterprise Content Management (ECM), Customer Communication Management (CCM), and Case Management (CM) solutions, has announced the release of its latest version of eGov Suite 11.0 that comes wit…
Shopclues acquires Bengaluru-based startup Momoe
Online marketplace ShopClues, the newest member of the billion-dollar valuation club, has acquired Bengaluru-based startup Momoe as it looks to build a payments business. The deal will also help ShopClues establish an office in the startup capital and all five Momoe founders are expected to join …
Yatra Online agrees to be acquired by Nasdaq-listed Terrapin 3 Acquisition Corp
Yatra Online, which owns and operates travel portal Yatra.com, has agreed to be acquired by Nasdaq-listed special purpose acquisition firm Terrapin 3 Acquisition Corp (TRTL) in a reverse merger deal, which has an enterprise value of $218 million. TRTL, a blank cheque company, which made its publi…
Travel Boutique Online ties up with Fxkart.com
Naspers backed travel portal Travel Boutique Online has entered into a strategic partnership with Fxkart.com, a marketplace of foreign exchange dealers. The company said the move will enable its 19,000 travel agents to make foreign exchange bookings for their customers seamlessly. Travel Boutique…
Indian start-ups showcase prowess in Africa
In an effort to boost the start-up ecosystem in Africa, a delegation of 21 Indian start-ups, which had accompanied Prime Minister Narendra Modi to Kenya, have showcased their technologies and case studies there. These start-ups were jointly led by the Federation of Indian Chambers of Commerce and…