Telecom entrepreneur C Sivasankaran, a Chennai-born transnational businessman known for building a large empire of diverse businesses, will soon be driving into the crowded app-based taxi aggregation market with the launch of UTOO Cabs. The national launch of UTOO Cabs, slated for June 10 from Ch…
German e-Commerce investor Rocket Internet targets 25-40% sales growth
German e-Commerce investor Rocket Internet expects its main start-ups to grow sales at an average of 25 to 40% in coming years even as it puts a new focus on improving profitability, its founder told shareholders on June 10, 2016 Shares in Rocket Internet slid last week after it reported that ave…
Ola Money can now be used across e-Commerce platforms including eBay, YepMe, AskmeBazaar
Ola Money, the digital payment solution from transport aggregator Ola, announced that its partnership with leading online marketplaces eBay, YepMe and AskmeBazaar, will allow customers to pay with one touch from their Ola Money wallet. Customers will also be eligible for an additional 10% discoun…
TVS Automobile Solutions invests in three startups
TVS Automobile Solutions June 10 announced it has made investments in three startups (e-commerce, BIG DATA / Analytics & CRM and Internet of Things) to form a start-up ecosystem for its digital initiatives where it will provide digital business solutions to vehicle and component manufacturer…
IIMB, IIIT-B sign pact to mentor tech startups
The Indian Institute of Management Bangalore (IIMB) and the International Institute of Information Technology Bangalore (IIIT-B) signed an agreement Friday to share expertise in the areas of technology and management with respect to startups incubated on their campuses. The institutes will work t…
Indian Angel Network invests $200,000 in tech-focused fashion talent venture 6Degree
Indian Angel Network (IAN), the country’s oldest and largest angel investor group, has invested $200,000 in fashion talent and tech startup 6Degree . In an official statement released on June 8, 2016, 6Degree said it will use the proceeds from the round to enhance its technology and to expa…
T-Hub partners with entrepreneurship centre in Israel
Telangana government promoted technology incubator T-Hub has partnered with Israeli university , Tel Aviv ‘s entrepreneurship centre StarTAU on June 8. In a joint statement, they said this collaboration will create an international gateway for exchange of start-ups between Hyderabad and Isr…
Edelweiss Retail Finance expands partnership with Indifi Technologies
Indifi Technologies, an enabler for SME funding in India, has successfully expanded its partnership with Edelweiss Retail Finance, as a lender on its online lending platform. With this association, Edelweiss Retail Finance will now extend lending to small businesses across multiple segments that …
Parenting startups becoming more verticalised
Parenting startups are becoming more and more verticalised with those in the parent advisory and infant health technology space mopping up much of the seed capital. “In the past six months, we have seen over a dozen parenting startups emerge in two verticals. The advisory firms are creating…
DIPP finalising details of two-day National Startup Fest in August
In another event to boost startup ecosystem in the country, a two-day national Startup Fest is on the cards this August. The Department of Industrial Policy and Promotion (DIPP) is in the process of finalising the details of the event that is likely to be held in Hyderabad. It is planning to invi…