Fitness is the next rising industry in the startup space, given the amount of investor interest they are seeing both from celebrity cricketers and well-known entrepreneurs. Cricketer Virat Kohli on June 28 kicked off a new fitness venture in a joint venture with Stepathlon Lifestyle. The venture,…
Entrepreneurs launch web series, online reality programme
When digital entertainment startup TVF Media Labs launched a comedy series on YouTube called ‘TVF Pitchers’ in June last year, exploring the lives of young entrepreneurs, it was quick to get about 1.5-crore views. Ever since, entrepreneurs, bitten by the startup bug and enterprises se…
Amazon reaches the cloud to shower start-ups with data
One of the world’s biggest providers of cloud computing services in the world, Amazon Web Services (AWS), launched two data centres in Mumbai on June 28. The new AWS Mumbai Region consists of two separate Availability Zones, data centres in distinct locations within a single region that can funct…
After Modi govt’s easier labour norms, textile exporters vow to add jobs
Less than a week after the government announced radical changes to labour laws and offered a Rs 6,000-crore package to the garments sector, exporters are pitching in to do their bit. As many as 38 garment exporters — including 13 Small and Medium Enterprises with a turnover of under R5 crore each…
Three SME IPOs to hit capital markets this week
As many as three companies will come out with initial share sale to raise around Rs 17 crore this week. The Initial Public Offerings (IPOs) of Kwality Pharmaceuticals, Titanium Ten Enterprise and Commercial Synbags will open for subscription from June 30. These companies will get listed on BSE…
Ola signs MoU with Haryana to create 10,000 entrepreneurs in the state
Ola, India’s leading mobile app for transportation, has signed a Memorandum of Understanding (MoU) with the Government of Haryana, to create over 10,000 entrepreneurs in the state. As part of the MoU, Ola will invest Rs. 350 crores over the next five years to skill and train thousands of men and …
IoT startup Locanix raises Rs 2 crore
Ahmedabad-based logistic IoT startup, Locanix has received a funding of Rs 2 crore from investors including senior executives at investment bank Goldman Sachs and technology company Cisco. “The money will be used for further scaling up,” said Ruchit Surati, Co-Founder, Locanix. The th…
Prem Watsa’s company is on a Quess to achieve 25,000 deliveries
Canadian billionaire Prem Watsa-controlled Quess Corp, which recently entered the logistics business to cash in on the ecommerce boom, is targeting 25,000 deliveries a day. The Bengaluru-based business services provider has set up a logistics arm called Dependo Logistics to serve ecommerce client…
YourDost just landed Rs 8 crore
YourDOST, an online counselling and emotional wellness platform, has raised $1.2 million (approx Rs 8 crore) in a pre-series A round led by SAIF Partners with repeat participation from seven angel investors — Venk Krishnan (NuVentures), Subbarao Telidevara (NuVentures), Phanindra Sama (Redbus), A…
DIPP to handhold startups, put them in touch with government
In a conversation a few months ago, Petroleum Minister Dharmendra Pradhan sought commerce Minister Nirmala Sitharaman’s help in collecting used oil at an industrial scale, which can be recycled and put to use again. The trend of recycling used oil from restaurants and homes that can be recy…