Swiggy has raised an additional Rs 47 crore from existing investors Norwest Venture Partners, DST Global and Accel Partners, valuing the online foodordering startup at over Rs 865 crore or $130 million, filings with the registrar of companies show. The new round of funding gives the startup addit…
Oxigen wallet founder Pramod Saxena launches startup accelerator with IIT-Roorke
Pramod Saxena, the founder of Oxigen Wallet has launched Aarambh Ventures, a startup accelerator in partnership with IIT-Roorkee, specifically focusing on fin-tech and clean-tech startups. Aarambh Ventures will also partner with several early-stage funds including Unitus Seed Fund, Ivy-Cap Ventur…
Tight government regulation, lack of innovation limiting Crowdfunding startups
Crowdfunding is globally a $16-billion industry and as per estimates, in 2016 with a total investment volume of $34 billion, it is likely to overtake the amount of equity funding from venture capitalists to startups which is $30 billion. Even as equity crowdfunding is one of the fastest growing m…
Anshu Jain, ex-colleague Bhupinder Singh to launch NBFC in India
Deutsche Bank’s former co-chief executive Anshu Jain is partnering with former colleague Bhupinder Singh to launch a non-bank finance company in India, counting on the millions underserved by the banking sector in his home country. The NBFC will lend to individuals, SMEs and entrepreneurs, …
Greedy games set to launch video-based ad integration
Greedy Games, a two-year-old startup that enables advertising through embedding of brands, is taking on new partnerships globally and preparing to launch video-based ad integration. The ad-tech startup is partnering with award-winning Czech Republic developer Mad Finger Games and Malaysian digita…
RBI to regulate the peer-to-peer (P2P) lending business
The RBI’s move to regulate the peer-to-peer (P2P) lending business has evoked good response with most participants saying that it could provide greater confidence to lenders and borrowers, as also to venture capitalists. The space has some 35 startups now and more than 20 of them were found…
SME platform: 30 IPOs lined up in next few months
As many as 30 small and medium sized firms are looking to list themselves on the BSE’s SME platform in the next few months, Ashish Chauhan, Managing Director & CEO, BSE, has said. “There is a lot of positivity coming in business in the current economic environment. At least 30 IPOs are lined …
Provide hassle-free services to entrepreneurs | Kalraj Mishra to banks
Union Minister for Micro, Small and Medium Enterprises (MSME), Kalraj Mishra, on Sunday urged banking sector to create entrepreneurship culture by providing hassle-free services to start-ups. Speaking at a daylong workshop on Prime Minister’s Employment Generation Programme (PMEGP), Mishra said b…
Dell foundation earmarks $50 million for Indian startups
The Michael and Susan Dell Foundation (MSDF), one the world’s biggest philanthropic organisations, and an active impact investor in India, has earmarked an additional $50 million (about Rs 333 crore) towards investments in the country over the next three years. The amount, which will be pri…
Govt eases garment export incentives
Concerned over stagnating garment exports, the Union ministry of commerce has removed restrictions under the Incremental Exports Incentivisation Scheme. The Directorate General of Foreign Trade, in a notification, allowed regional authorities to process cases in this regard without imposing any c…