A growing number of angel investors are backing waste management startups in India, leading analysts to estimate the domestic industry will grow to over $1billion by 2020. Half a dozen startups in the space have raised funds in the past six months. Among them are Saahas Waste Management, which is…
Sequoia Capital finds it great to make new investments in startups
Sequoia Capital India strikes a discordant but optimistic note when it says 2016 will be of a “wonderful vintage” and a great year to make new investments in startups. Armed with its largest India-focussed fund of $920 million (Rs6,100 crore), raised this year, Sequoia is scouting for…
Self-drive rental business startups may overtake taxi-booking apps
While the Uber and Olas of the world are busy upping their game in the $8-billion taxi-rental market, there is another parallel industry selfdrive car rentals which though nascent is growing at a fast peg. In the last one year, at least a dozen-odd startups have sprung up in the space — MiCar, Se…
Start-ups could benefit from Madrid route of trademark filing | DIPP Survey
Start-up ventures with quality, innovative products could immensely benefit by going for international registration of their product trademarks through the Madrid route, as this move prevents similar or closely aligned products from being developed in overseas markets by the competitors. Accordin…
NIFT, NID, others to revive packaging of 40 handloom products
Ministry of Minority Affairs has roped in Indian Institute of Packaging (IIP), National Institute of Fashion Technology (NIFT) and National Institute of Design (NID) to upgrade the design and packaging of 40 shortlisted handloom fabrics and handicrafts in the country. Maharastrian Paithani, Banar…
GCCI to take help of PSUs to revive closed SMEs in Gujarat
To support ‘Make In India’ campaign, the Gujarat Chamber of Commerce & Industry (GCCI) will take help of PSUs to revive the closed small and medium enterprises (SMEs) in the state. “Under ‘Make In India’, government insists to develop ancillaries of defence and o…
RBI looks to improve ease of doing business for SMEs & Startups
The Reserve Bank of India (RBI) on April 05, 2016 said it will lay down a framework by September 2016 for accreditation of credit counselors who can act as facilitators for entrepreneurs to access the formal financial system with greater ease and flexibility. Presenting the first Bi-monthly Monet…
Scotland keen to attract Indian SMEs | Scottish Development International
In efforts to attract Small & Medium Enterprises (SMEs) from India, Scotland is firming up a focussed programme. Discussions have been initiated with the concerned, says the Scottish Development International (SDI). Scotland has a strong culture of innovation, academic excellence and a conduc…
Paytm piloting service to deliver goods via Ekart, the logistics arm of Flipkart
Online marketplace Paytm is piloting a service where goods shipped from its platform will be delivered by Ekart, the logistics arm of Flipkart, signalling collaboration between the leader and a fast-growing rival in the fiercely competitive e-tail sector. Roping in a rival online marketplace is e…
Dubai’s United World Infrastructure to launch hotel startup in India
Dubai-based global infrastructure investment and development firm United World Infrastructure (UWI) has partnered with Royal Orchid group scion Arjun Baljee to launch a mid-market hotel start-up in the country. The JV — India Hospitality Investment Company — will lease existing mid-market hotels …