In a dimly lit auditorium, three groups were called on to the stage to polite applause. Electronic music, with the bassline turned up too high, reverbed through the speakers. A couple of them smiled as they held their award to the flashlight of two cameras. Orange, which was the hallmark colour o…
‘Make In India’ resonates with Chinese corporates
As India and China squabble over Beijing squashing Delhi’s move at the UN to ban Azhar Mazoor, the alleged mastermind behind northern India terrorist attacks, and New Delhi retaliates by threatening to stonewall the entry of Chinese companies into the country, the ground reality paints a far less…
Textiles Minister launches eco-friendly jute bag initiative in Delhi
It is well-known that the indiscriminate use of polythene bags is one contributor to the pollution problem in the national capital. The National Green Tribunal (NGT) has on multiple occasions, tried to ban use of plastic carry bags in Delhi. However, we find these plastic carry bags continue to b…
Government committed to develop and promote handloom sector | Textiles Minister, Santosh Kumar Gangwar
The first meeting of the recently constituted All India Handloom Board was held in New Delhi, on 19th April, 2016. The Chairman and Union Textiles Minister, Santosh Kumar Gangwar gave an overview of the various initiatives being taken by the Government for the development of the sector. The Texti…
RBL Bank launches dedicated branch for startups
RBL Bank (formerly Ratnakar Bank) will open specialized branches for start-ups offering a bouquet of banking products to service their end-to-end needs. The first such branch was opened by the bank today at Koramangala in Bengaluru, home to several budding start-ups. The dedicated branch will ass…
Target India kick starts fourth batch of start-ups
US retailer Target Corporation announced its fourth batch of startups for its accelerator programme through which it mentors start-ups that work in tandem with the retail space relevant to Target’s business. While the earlier batches focused on themes around retail including, personalisatio…
Angel fund invests in Fashalot
Fashalot, a location-based fashion and store discovery mobile platform has raised an undisclosed amount of funding in a round led by YourNest Angel Fund and investor Rajul Garg. The startup plans to invest the funds in product development, hiring top level talent and accelerating business growth …
White Unicorn Ventures plans $20-million fund
White Unicorn Ventures plans to raise a $20-million fund to invest in earlystage startups and spend up to $5 million by the end of 2016, five times as much as it did last year. “We are looking at foreign partnerships for the $20-million fund,” said Rohit Chokhani, Principal Founder of…
Grofers fruits & veggies under ‘Freshbury’
Grofers, the food and grocery hyperlocal, is tweaking its business model to a partly inventory-led one, CFO Ashneer Grover told. The company has decided to sell fruit, vegetables and staples under a private label — Freshbury — and these will be sourced from Grofers India’s sister concern. Grover …
US fund Maverick in online pharmacy startup
US-based investment fund Maverick Capital Ventures is leading a Rs 100-crore financing round in 1mg, formerly HealthKartPlus, as investors continue to be bullish on the huge potential of online pharmacy startups. The Sequoia Capital-backed 1mg had spun off last year from its parent HealthKart and…