The Cabinet has approved the national Intellectual Property Rights (IPR) policy with a view to promoting creativity, innovation and entrepreneurship. The aim is to create awareness about economic, social and cultural benefits of IPRs among all sections of society, Finance Minister Arun Jaitley on…
MSMEs have vital role in success of Make in India | RBI Bengaluru GM
The strengthening of MSMEs (Micro, Small and Medium Enterprises) is vital to ‘Make in India’ programme a success, said N Gopal, General Manager, RBI, Bengaluru. Inaugurating an MSME meet, organised by RBI in Mangaluru on May 14, he said there is a need to handhold MSMEs as they have the potential…
Snapdeal invested $300mn in supply chain, logistics in 18 mnths
E-commerce major Snapdeal has pumped in $300 million (about Rs 1,990 crore) over the last 18 months to strengthen its supply chain and logistics and facilitate the increase in shipment volumes. The city-based firm has seen 1.9 times increase in shipment volumes from 1.29 lakh daily shipments last…
Ekart plans on powering last-mile delivery in radius of 500 to 800 metres
Ekart, the logistics arm of online marketplace Flipkart has signed on a network of 700 corner stores across 28 cities as part of its alternative delivery programme. Through the programme, the company plans on powering last-mile delivery using personnel at the corner stores in a radius of 500 to 8…
Start-ups to join Google class in June
Google announced on May 11, six Indian start-ups would join its Launchpad Accelerator at the tech giant headquarters at Silicon Valley in California in June. This would be the second class of Indian start-ups. They will join 18 promising new companies from Brazil, Indonesia and Mexico. The two-we…
Start-up Raw Pressery to raise $ 20 million
Two-year-old start up Raw Pressery is planning to raise $20 million from the same set of investors since the time it started making cold pressed fresh juices. Having raised $7.2 million from investors such as Sequoia India, Saama Capital and DSG Capital, its next round is expected to be a bigger …
Investors eye health tech start-ups
Even as e-commerce ventures are seeing their valuations go down, healthcare-related tech start-ups are witnessing increasing interest from investors who are betting on higher returns and lower cash burn. HealthifyMe, a health and fitness mobile app, has raised series A funding of $6 million (abou…
Indian Angel Network tops list of start-up funders
Seed and early-stage funding by angel investors has been the lifeline to entrepreneurs to start their ventures. And, leading the list of top 10 angel investors is Indian Angel Network (IAN), an early mover in the sector. Since January 1, 2011, IAN has done 61 investments followed by Mumbai Angels…
Plasticulture can help saving water up to 50-70% | FICCI Report
NEW DELHI, 13 May 2016: Right usage of water is becoming increasingly important given the fact that India currently supports nearly 17.84% of the world population, with 2.4% land and 4% of water resources. At the same time, monsoons are also becoming erratic. The resultant is alarming fall in gro…
Unacademy raises Rs 3.3 crore in funding led by Blume Ventures
Education technology platform Unacademy has raised $500,000 led by Blume Ventures along with a clutch of angels including Google’s Rajan Anandan, CommonFloor founder Sumit Jain and redBus founder Phanindra Sama, among others. “Unacademy’s vision is to distribute knowledge of the…