Apple CEO Tim Cook had a meeting with founders of four startups on the first leg of his India trip on May 18, as he looked to understand what the country’s young mobile app developers are building. Cook met executives of home services application UrbanClap , software products maker Cynapse …
India moots framework for SME sector cooperation in BRICS
India is working on a mechanism to boost cooperation amongst Small and Medium Enterprises in the five-nation BRICS to promote joint ventures and share expertise on strengthening the sector. New Delhi, which holds the Presidency of the BRICS this year, is drafting a framework for a joint growth st…
Blume Ventures and other angel investors put Rs 6.6 crore in BHIVE Technologies
Early-stage investment firm Blume Ventures and other angel investors have invested about Rs 6.6 crore ($1 million) in co-working space BHIVE Technologies , which plans to grow its presence in Bengaluru and expand to Mumbai and Delhi. “Part of the money will be utilised to attract top talent…
Cab aggregation platform TaxiVaxi raises $500,000 in seed funding
BAI Infosolutions , which owns and operates online cab aggregation platform TaxiVaxi , has raised its second round of seed funding , led by a clutch of high net worth individuals. The New Delhi-based startup has raised $500,000 (about Rs 3.3 crore) in the latest round, and will use the proceeds t…
Telangana MSMEs seek Centre’s help for revival of sick units due to power woes
The Telangana MSMEs have urged the state BJP President Dr K Laxman to urge the Centre to intervene for Revival and Rehabilitation of incipient Sick Units in MSME Sector and creation of Rs 2000 crore corpus fund for the same. In this regard, the Federation of Small and Medium Entrepreneurs (FSME) …
Flipkart investor Tiger Global reduces its stake in Amazon BY 67%
Tiger Global Management, which is the largest investor in e-commerce major Flipkart , has reduced its stake in US rival Amazon by nearly 67% in the March ended-quarter. The hedge fund has cut its exposure to 1.04 million shares worth $619 million as of March 31, down from 3.19 million shares wort…
India introduces cheaper & faster patent registration for startups
Startups from the world over will now be able to register patents in India faster and at much lower costs under a ‘tatkal (instant)’ option offered under the latest amended patent rules. These benefits will also be available to entities that file their first application in India. Indi…
Tata invests in US-based medical emergency response startup MUrgency
Tata Sons Chairman Emeritus Ratan Tata has invested in San Francisco-based medical emergency response startup MUrgency Inc. Financial details of the deal were not disclosed. “He (Tata) clearly wanted us to launch and grow the network in India first before taking it overseas. Tata’s in…
Allowing mortgage of Patents, TMS will help MSMEs raise funds| IPR experts
To allow mortgage of Patents and Trademarks would help the MSME particularly the start-ups who have nothing in the name of physical assets but the IPRs which holds huge financial potential, said an expert. IPR policy will not only incentivise entrepreneurship and innovation in the country, but wi…
Govt mulls MSME status for local crushing units
In an effort to provide an alternative source of earning to the sugarcane growers of Uttar Pradesh, the central government is mulling revival of localised cane crushers by including them in the micro, small and medium enterprises (MSME) category. Once categorised as an MSME, sugarcane crushers, u…