In the past 12 months, early-stage investors have closed over a dozen deals in the hyper local deal-discovery space in the search for a category winner, from Paytm-backed Little to Accel-backed Crown It and Lightspeed Ventures-backed MagicPin besides smaller outfits such as Shouut and GoYaNo. Wit…
Exotel sets up research division to spur innovation in voice space
Cloud telephony startup Exotel has set up a research division to spur innovation in the voice space. Called Exotel Labs, the division will have a team of researchers specialising in machine learning, data mining and signal processing. “Voice communication is at the core of most businesses i…
New RSS uniform | Khadi body looks at securing Rs. 1,000 crore business
The change in uniform announced by Rashtriya Swayamsevak Sangh (RSS), from khaki knickers to brown trousers, may also transform the fortunes of lakhs of khadi weavers. Khadi Village and Industries Commission (KVIC), a statutory body tasked with its promotion, among other things, has formally init…
NASSCOM to set up warehouse in vizag under startup plan
Apex IT industry body Nasscom will set up a warehouse in port city Visakhapatnam under its 10,000 Startups initiative to nurture technology entrepreneurs with innovative ideas. The entrepreneurs will be mentored and funded by venture capitalists and other investors under the Nasscom initiative. T…
Government to promote India as investment destination for startups
Government is preparing to launch a global campaign to hard sell India as attractive investment destination for startups and has invited proposals from creative agencies. The campaign will be launched in global as well as domestic markets across the media – print, electronic and social. …
Odisha aims to create 4 lakh jobs in MSME sector
The Odisha government has set a target of creating 1.5 lakh MSME units with an employment potential of more than four lakh jobs within the next five years, said Governor S.C. Jamir on Tuesday. “As of now, more than 1.60 lakh MSME units have been established in our state with an investment o…
SMEs take big strides on bourses
Early four years after the equity exchanges launched trading platforms for small and medium enterprises (SMEs), the segment is showing signs of maturity, with institutional entities like banks and mutual funds investing in them. Some of the bigger brokerages, once focussed only on the larger comp…
Leverage technology to enable good governance and employment generation: MSME Ministry
The MSME Ministry has emphasized on the need for using information technology for good governance and employment generation in the sector. Addressing a meeting of senior officers of The Ministry, Micro, Small & Medium Enterprises (MSMEs) Kalraj Mishra expressed satisfaction that Udyog Aadhaar…
Clinical supplies marketplace PinkBlue raises 1.5 crore in seed round
Clinical supplies marketplace PinkBlue.in has raised a sum of Rs 1.5 Crore in its seed round, on startup investment platform TermSheet.io. The funding round was led by Dubai-based lawyer Hari Krishna’s syndicate and saw participation from Cookifi Founder Ajay Modani, Dr V Ravinder, Anirudh …
Electropreneur Park invites ESDM startups for incubation
To encourage innovation in domestic electronics startups, Electropreneur Park (EP) will organise a roadshow in Delhi to reach out to the early stage and aspiring entrepreneurs across the country. EP is an incubation center, which support and nurture the best electronics startups. As a part of its…