Kerala Chief Minister Pinarayi Vijayan has launched SV.CO, purportedly world’s first digital student incubator, as a digital makeover of the Startup Village in Kochi. SV.CO will constitute the second phase of development of Startup Village and is designed to help thousands of college-goers make a…
Cabinet approves Rs 12,000 crore skill development plan
The Cabinet on approved an outlay of 12,000 crore for providing job skills to and certifying 10 million young people over the next four years, advancing the government’s effort to create an employment-ready workforce for industry. The central government will be responsible for meeting three-fourt…
Compliance services venture HiGrit raises seed fund
HiGrit, a start-up that advises other start-ups on legal and other statutory compliance issues, has raised a seed funding from two Chandigarh-based investors. The Founders refused to divulge the size of the investments but said they might soon go for another round for expansion. The Delhi-based s…
Dentist gear sourcing start-up eyes $ 2m Series A
Digital technologies have been disrupting several traditional businesses. Dental practice has not yet, relatively, seen a digital transformation. Dental practice requires a lot of tools and equipment, but dentists find it difficult to procure them, especially in Tier-II and III cities. Seeing sev…
Furniture retailer Ikea to invest Rs 1,500 crore in Mumbai
World’s largest furniture retailer Ikea is investing Rs 1,500 crore here as part of plans to have 25 stores across India by 2025 and its first store is likely to come up within 18 months in Navi Mumbai, an official said. It is among the several companies including Amazon, Microsoft, Owens C…
Snapdeal is acquiring GoJavas for faster delivery
Snapdeal is preparing the framework for a complete acquisition of GoJavas, the online marketplace’s primary delivery partner in which it holds a significant minority stake, according to two people familiar with the early discussions. It is yet unclear how much Snapdeal is willing to pay for…
ShareChat raises $1.35 million in seed funding led by Saif Partners
SAIF Partners said it has invested $ 1.35 million (about Rs 9 crore) in ShareChat, a vernacular social network. The Bengaluru-based firm was also selected for the second batch of the Google’s Launchpad accelerator in Mountain View, California, along with five other Indian startups. The capi…
Cisco Spark ties up with Gupshup and API.ai
Cisco will be working with bot builder platforms Gupshup and API.ai to integrate their bot development capabilities with Cisco Spark. Cisco Spark is the company’s fully integrated cloud-based collaboration service. Gupshup’s bot development platform enables developers to quickly build…
SIDBI picks eight ventures to invest Rs 428 cr in startups
The Small Industries Development Bank of India (Sidbi) has chosen eight venture funds to invest in startups as defined under the Startup India Action Plan and will support them with a corpus amount of Rs 428 crore. Sidbi’s Venture Capital Investment Committee (VCIC), which comprises former …
RBI’s S4A route for HCC
The Joint Lender’s Forum meeting of HCC held on July 12, 2016 (Reference Date) has passed to resolve the account under the recent RBI guidelines ‘Scheme for Sustainable Structuring of Stressed Assets (S4A)’. The recommendation by leading consulting firm, EY, appointed by lenders, to opt for the R…