Air purifier start-up Atlanta Healthcare is seeking investments from bigger players, as it plans to raise $1.5 million as part of Series A funding. “There is interest from international players who want to enter India and piggyback their offerings, and might even invest in us. We seek new investo…
Self-drive service targets 14 cities for expansion
DRIVEN by you (DRIVEN.in), a service provider in the self-drive and ride rental space, has firmed up plans to expand to 14 cities in a phased manner. The start-up currently operates in Hyderabad, Vijayawada and Visakhapatnam. In Phase-1, it plans to roll out its services in Chennai, Bengaluru, Go…
India Aspiration Fund needs to be at par with NIIF
The India Aspiration Fund (IAF), set up to boost the startup ecosystem in the country should be moderated on the lines of NIIF, which funds up to 49 per cent of the capital requirement, head of Bank of Maharashtra said today. “The MSMEs have the equity problem. But a solution has been broug…
Gujarat Chief Minister to inaugurate MSME expo
The Gujarat Chamber of Commerce and Industry (GCCI) will organize ‘GCCI Summit and Expo’ dedicated to the micro, small and medium enterprises (MSME) with an aim to boost their business during the current global recession on April 29 and 30 at Mahatma Mandir. The event will be inaugura…
Government to boost MSMEs in defence sector to provide greater benefits | Kalraj Mishra
The Union Ministry of defence has ensured the participation of the Indian MSMEs (Micro, Small and Medium Enterprises) in defence sector for high technology products and services, Union MSME Minister, Kalraj Mishra said at an ASSOCHAM event held in New Delhi April 23, 2016. The Union minister also…
Over 50 Indian pharma machinery & equipment manufacturers to participate in INTERPHEX 2016
Over 50 companies from India, ranging from equipment manufacturing to packaging in the pharmaceutical sector will participate in the ‘India Pavilion’ at the International Pharmaceutical Expo (INTERPHEX) in New York (USA) from 26-28 April 2016. The “India Pavilion” is being…
Start-up fashion portals plan international expansion
Startup luxury fashion portals Darveys and Confidential Couture are planning to raise funds and are also eyeing international expansion, their founders said. Darveys.com is a members only fashion portal founded in 2014, which sells clothing and accessories of several global brands, including Fend…
Carzonrent to focus on corporate car rental business
Carzonrent, which operates radio cabs service Easy-Cabs, said it will not compete with taxi-hailing services such as Uber and Ola, but would focus on growing its corporate car rental business and self-drive venture Myles over the next 3-4 years. Rajiv Vij, CEO, Carzonrent, said “We are a profit-m…
Venture fund invests Rs 52 crore in Greenvision Technologies
Singapore-based venture fund Vintage Energy & Resources has invested $8 million (Rs 52 crore) in Bengaluru-based Greenvision Technologies, a company engaged in research, design and manufacture of lead-acid batteries. Founded by first-generation entrepreneurs Biju Bruno (48) and Atul Mehta (52…
Ujjivan expects modest growth on way to becoming a small bank
Bengaluru-based Micro Finance Institution Ujjivan Financial Services, which will hit the primary market on April 28 with a Rs 900-crore IPO, expects moderate growth in the next couple of years as it transitions into a small finance bank. “The RBI has told us for the first two years that we …