Mahindra & Mahindra’s (M&M) forayed into the agricultural equipment rental services with the launch of Trringo, an organised rental service, with plans to invest over Rs 10 crore on the startup enterprise. “Farm Equipment Sector (FES), a part of Mahindra group, has forayed int…
Eswasthya.in & Jolly Food Fellow raises angel funding
Online medicine delivery aggregator eSwasthya.in raised undisclosed angel fund from Lothal Angel Ventures while food tech focused analytic platform – Jolly Food Fellow has raised its pre-series A round of funding by angel investor Janak Parikh, MD of Malibu Group. Ahmedabad-based startup eS…
Wipro Ventures invests in US-based Emailage Corporation
Wipro Ventures, the $100-million venture capital arm of Wipro, has invested an undisclosed amount in US-based fraud prevention solution startup Emailage Corp for a minority stake, marking India’s third largest software exporter’s seventh such investment in early-stage ventures over th…
Nextra may dilute up to 24% stake to raise funds for expansion
Nextra Teleservices, which offers high speed internet services over broadband and WiFi in Delhi, plans to dilute up to 24% stake to raise funds from private equity for expanding services across India. The four-year old startup which competes with but trails broadband services providers Bharti Air…
Amadeus Capital eyes marketplaces, Ed-Tech and FinTech Firms
UK-based global technology investor Amadeus Capital is betting on marketplaces, EdTech, FinTech and product-based SaaS (software as a service) companies in India. Amadeus recently announced its first direct investment in the country, in maketplace IndiaMart. India investments will be made from th…
Truecaller plans alliances with e-commerce giants
In an effort to tap on the start-up system in India and open a new revenue stream, phone number identification app Truecaller is planning to get into tie-ups with e-commerce giants such as Snapdeal, Flipkart and other online players which require phone number verification on their customers and o…
Start-ups bloom in small-town India
Raipur, Solan and Motihari are not what come to mind when one thinks of start-ups. But 800 start-ups have come up in the past year in Bihar, Chhattisgarh, Himachal Pradesh, Madhya Pradesh and Odisha, creating technology hubs in unlikely towns. Even as e-retail, health, education and payments star…
IL&FS to launch portal for SMEs of textile and apparel sector
IL&FS (Industrial Leasing and Financial Services) plans to launch an e-platform to bring multiple SMEs together and link them with financing agencies, financial advisors and technology and marketing consultants. Besides, the platform ‘Enterprise Development Services’ will also all…
India’s trade deficit with China increases to over Rs 3 lakh crore in 2015 | Nirmala Sitharaman
India’s trade deficit with China increased to $51.86 billion (Rs 3.47 lakh crore) in 2015, Parliament was informed on March 14. “Increasing trade deficit with China can primarily be attributed to the fact that Chinese exports to India rely strongly on manufactured items meeting the de…
410 overseas carpet buyers from 58 Countries attend India Carpet Expo 2016
The 31st edition of India Carpet Expo came to a close today. The Expo was organized by the Carpet Export Promotion Council, to promote the cultural heritage and showcase the weaving skills of Indian hand-knotted carpet artisans, amongst overseas hand-knotted carpet buyers. Held at NSIC Exhibition…