The Indonesia fitness industry on the whole had seen an expansion from the year 2010 to 2015. The overall fitness industry of Indonesia includes the fitness services market and the fitness equipment market. The growth rate accelerated through the years from 2010 till 2012. The increasing number o…
Swiss Re launches ‘InsurTech’ startup accelerator
Swiss Re launched a corporate accelerator, ‘InsurTech’, to help startups develop business solutions for the insurance sector in India. The themes identified for the programme include the Internet of Things, systems of engagement and smart analytics. “Fintech is already disruptin…
Hey Didi in expansion mode, plans to have 5,000 women scooter drivers this year
Mumbai-based startup Hey Didi, a provider of last-mile delivery for ecommerce companies in the Maximum City, is in an expansion mode. Currently running a fleet of 10 women drivers on scooters in Mumbai, Hey Didi is planning to have 5,000 women scooter drivers in this calendar. Further, the boot-s…
Healthkart chooses nutrition & fitness over drug sales
From a company selling Over-The-Counter (OTC) medicines, Sequoia Capital-backed Healthkart has morphed into one that is totally focused on nutrition and fitness products. “We are re-orienting ourselves into a vertical player in fitness and nutrition. Initially we started with OTC drugs but …
Mobikwik raises $50 million in fresh funding from foreign investors
One MobiKwik Systems, which owns and operates online recharge and mobile wallet MobiKwik, has raised about $50 million (Rs 332.6 crore) in fresh capital, in a new round led by Japan’s GMO Payment Gateway and Taiwanese fabless semiconductor company MediaTek. The Series-C round, which closed …
SpiderG | Making small businesses count
SpiderG, a Pune-based tech start-up, currently serves around 250 businesses in that space but wants to take that count up to 20,000 in a year, while also taking its revenues from ₹ 1.5 crore to ₹22 crore by then. E-invoicing is its core offering while it also has specific features that help with …
At its warehouse, Nasscom bets on start-ups
Navanee Sundaramoorthy Co-Founded Uncanny Vision, an artificial intelligence start-up, which gives machines an ability to see and analyse like humans, from a garage in a residential area in east Bengaluru. He and other Co-Founders Ranjith Parakkal and Devadas Parakkal then moved to a proper offic…
Discount retailer Target Corp. eyes Indian start-ups for innovation
Target Corp, the second-largest discount retailer in the U.S. is betting big on Indian start-ups. The firm, with sales of $74 billion, is incubating start-ups at an idea stage and accelerating their product roadmap through its accelerator in Bengaluru. It also makes investments in them selectivel…
New-gen startups paints corporate with a new brush
Companies looking for the cachet that comes from having art in their offices can make sure that their post-moderns don’t clash with their faux impressionists. Startups are here to help with artwork trials, customisation and ringing periodic changes. While selling art online is now old hat, …
Microsoft’s Pramanik says India data centers drive cloud services adoption
Microsoft has seen higher rate of adoption of its cloud services in the country after setting up local infrastructure, and the company is now aiming for a market share of more than 40% in the next fiscal in this segment, a top company executive said. The growth in cloud services has been driven b…