Venture Catalysts (VCats) has invested $250,000 (about Rs 1.68 crore) in ‘Don’t Scratch Your Head (DSYH), a SaaS-based logistics reconciliation platform for e-commerce channels. Gaurav Singhvi, Managing Partner – VCats Surat and Mumbai-based Zaffiro Ventures have made the invest…
NFX Digital bags funding of Rs 6.6-crore, IAN leads
Indian Angel Network (IAN), the country’s oldest and largest angel investor group, has led a $1-million (Rs 6.6-crore) funding round in NFX Digital, which owns and operates gamified consumer insights portal, Adytude. com. While the terms of the investment were not disclosed, IAN member Vika…
Hyderabad-based fintech start-up lets you get a loan in a minute
Does the notorious credit scores and unending list of documents worry you while applying for a bank loan? A Hyderabad-based fintech start-up says now one can forget all that and tap their ‘social’ score to get a loan. Customers can get a ‘need loan’ in flat one minute — at any time of the day [&h…
Startup India hub resolves over 12,000 queries in three months
The Startup India Hub has been able to resolve over 12,000 queries received from startups since it began operations in April this year, the government said on July 6. “The hub has been able to resolve 12,290 queries received from start-ups through telephone, e-mail and twitter,” the U…
Development of ecommerce good for growth: WTO
Ecommerce can play a pivotal role in fostering growth and raising living standards, particularly for developing countries, the World Trade Organization (WTO) has said. “By reducing the trade costs associated with physical distance, ecommerce allows businesses to access the global marketplac…
MSMEs should upgrade technologies: Experts
Shedding light on the challenges faced by the capital goods industry many experts spoke about its adverse effects leading to loss of employment, investment and growth opportunities and the need for SMEs and MSMEs to upgrade their technologies at a meet on July 4th. In the light of emerging challe…
Cabinet approves Rs 10,000 crore scheme to train 50 lakh apprentices by 2020
The Union Cabinet on July 7, 2016 approved the National Apprenticeship Promotion Scheme having an outlay of Rs 10,000 crore with a target to train 50 lakh apprentices by 2019-20. The decision was taken at a Cabinet meeting chaired by Prime Minister Narendra Modi here. The scheme would be implemen…
Copper-Titanium alloy to be made first time in India by a Pune startup
Under the aegis of the DRDO-FICCI Accelerated Technology Assessment & Commercialization (ATAC) initiative DRDO concluded a technology-transfer process for its indigenously developed Copper-Titanium technology to Pahwa Metal Tech Private Limited (PMTPL), a Pune-based startup founded by industr…
T-Hub, aeries technology ink MoU for ‘fault-tolerant server’ for startups
India’s largest incubator T-Hub signed an MoU with Aeries Technology Group, a global services company offering technology, BPM and outsourcing solutions, for “fault-tolerant server” and software technology for start-ups to host and test their applications. According to a stateme…
Mobile gaming startup Nazara clocks Rs 220 crore in revenues
Mobile gaming startup Nazara Games reported Rs 220 crore in revenues for FY2015-16, with the Indian market contributing 47% to the top line revenue. “We have seen an explosive growth of 40% CAGR in the past 4 years,” said Nitish Mittersain, the founder of Nazara Technologies. Mittersa…