Autodesk, the 3D design company whose software was used to create special effects in blockbuster film `Avatar,’ is launching a design and innovation centre in Bengaluru. The centre will provide a platform for startups, giving them access to its design technology as well as funding. It will …
Online marketplace Paytm will deliver on same day in 20 cities
Online marketplace Paytm has scaled its online-to-offline (O2O) same day delivery across 20 cities in categories including large appliances and mobiles. The marketplace had started O2O deliveries in October 2015 to meet the demand for the festive season. The service allows sellers to charge a pre…
Airbnb seeks funds valuing it at $30 billion: Source
Apartment-sharing startup Airbnb is in talks for a new round of funding that would value the company at $30 billion, a source close to the company said on June 28. Airbnb intends to use the financing to support new investments and growth opportunities, the source added. The New York Times first r…
BCCL arm invests Rs 150 crore in Meru Cabs
Brand Capital, the investment arm of Bennett, Coleman and Co Ltd (BCCL), which owns The Times of India and The Economic Times newspapers, has invested Rs 150 crore ($25 million) in Meru Cabs. Earlier this month, there were reports of Flipkart selling an undisclosed portion of stake to BCCL. While…
Centre buffing package for leather sector to boost jobs
The Centre is planning a special package, incorporating labour reforms, subsidies and duty incentives, for the leather sector to boost investment, jobs and exports. The Department of Industrial Policy and Promotion (DIPP) — the nodal agency for the Indian Leather Development Programme (ILDP) — is…
New model formulated under MUDRA scheme for handloom sector: Textiles Secretary
The Ministry of Textiles has set a target of extending MUDRA loans to five lakh handloom weavers in the next three years. This was announced by Union Textiles Secretary, Rashmi Verma, at a national workshop on MUDRA scheme for handloom weavers and artisans, organized by Office of Development Comm…
Juniper Networks introduces cloud-enabled branch to deliver on-demand cloud services
Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, today announced Juniper Networks Cloud-Enabled Branch, a transformative solution that will allow enterprises and managed service providers alike to seamlessly create and automate delivery of branch offic…
Capgemini to partner with startups in India from fields of data analytics, IoT
French multinational Capgemini is looking to partner with startups in India from the fields of data analytics, artificial intelligence and Internet of Things (IoT) and build a bridge for these ventures to enter international markets, a top executive said. As part of Capgemini’s Applied Inno…
Velvetcase.com raises $1.5 million in second round of funding
Online jewellery marketplace VelvetCase.com has raised $1.5 million in a second round of funding led by Uniqorn Ventures Fund, with participation from investors TV Mohandas Pai and S Somasegar through online deal-making platform LetsVenture. VelvetCase will use the money to expand its technology,…
Five star business credits raises Rs 114 crore from Morgan Stanley PE Asia
Five Star Business Credits, which provides loans to micro entrepreneurs, has raised fresh funding of Rs 114 crore from investment firm Morgan Stanley Private Equity Asia, which has now acquired a minority stake in the Chennai-based company. The Matrix Partners-backed venture, registered as a non-…