Indian Navy Chief Admiral RK Dhowan on April 18 called for increased private investment in defence manufacturing which, he said, is capable of producing the world’s best warships and submarines. “The navy has outlined its science and technology roadmap for next 15 years and has shared…
Government must lend more support to arrest declining exports | S C Ralhan, President, FIEO
Showing serious and legitimate concern over the trade date for the month of the March, 2016 which has shown a modest decline of -5.47 percent in exports and a large decline in imports of -21.56 percent, S C Ralhan, President, Federation of Indian Export Organisations (FIEO) said that continuous s…
Large companies, not varsities are new startup garages| Anand Mahindra
Large corporations, and not necessarily reputed tech schools like IITs or MIT, are the new startup garages as big businesses race to stay relevant, Mahindra Group Chairman Anand Mahindra has said. “The new garage is not necessarily in the MIT or Stanford or the IITs. It is in fact, back in …
Tork Motorcycles bags funds from Ola founders and other angels
Tork Motorcycles, which is building an electric motorcycle, has raised angel funding from a host of investors including Ola founders Bhavish Agarwal and Ankit Bhati and a group of angels led by Co-Cubes CEO Harpreet Grover. Tork was founded by Kapil Shelke, a mechanical engineer with a passion fo…
Smytten raises undisclosed fund in an angel round from Rajan Anandan
Premium products and services discovery and purchase platform Smytten has raised an undisclosed amount in an angel round from Rajan Anandan, Vice-President of Google for Southeast Asia and India. The lifestyle focused mobile application ties up with brands to work on their marketing campaigns and…
Paytm leads $10-million funding
Online mobile wallet major Paytm has led the Series-B round of funding for on-demand auto-rickshaw aggregator, Jugnoo, for $10 million (Rs 66.65 crore). Last October, Chandigarh-based Jugnoo had received funding of $10 million from the Vijay Shekhar Sharma-led company. This is the Series-B2 round…
NestAway raises $30 m in series C funding
NestAway Technologies Pvt Ltd, the Bangalore-based leader in the ‘managed’ home rentals market, has raised $30 million in a Series C financing led by Tiger Global, Yuri Milner, the Russian billionaire investor/founding partner of DST Global and IDG Ventures India. Flipkart’s former head of operat…
Mission approach to improve skills of youngsters | Giriraj Singh
Union Minister of State for Micro, Small and Medium Enterprises Giriraj Singh has underscored the need for greater participation by entrepreneurs in small and medium industries. The Centre is in the process of setting incubation centres for these enterprises in all the districts in a phased manne…
ShopMate, the group buying portal offering group deals on 2-wheelers
ShopMate, a unique group buying portal bringing you the best offers from your nearby stores, will now be offering group deals on 2-wheelers. It has been offering similar services on Mobile phones & Tablets. Shopmate groups’ together individual demands for a product and enables local sellers t…
Bengaluru-based startup MyVote.Today aims to be a voice for social activism
In a social media-centered world people may have so many platforms to voice their opinion, but there are few platforms where opinions can be converted into ground-level action. Bengaluru-based MyVote.Today looks to fill that gap by providing a polling platform on various issues. “We pick up…