Zonnett, a car maintenance platform, plans to raise about $5-10 million in Series A funding from venture capitalists and private equity funds, in exchange for a minority stake. The company, which at present operates only in Mumbai, will use the funds for expanding to other cities and for technolo…
Haryana Govt will sponsor 3 student teams’ start-up ideas
During the Happening Haryana Global summit which was held on 7th and 8th March, Haryana CM Manohar Lal Khattar and Industry and Commerce Minister Captain Abhimanyu Singh selected three teams of students after a competition that selected the best ideas for a start-up. The Haryana government has de…
IndiaMART raises series-c funding to help Indian MSMEs
IndiaMART announced fund raises by Amadeus Capital with participation from Westbridge Capital, the Accion Frontier Inclusion Fund, managed by Quona Capital in addition to Intel Capital, the existing investor in the Company. India’s largest online marketplace will use the funds raised to further s…
Hitachi announces Jack Domme to drive social innovation business and extend its lead in IoT
Hitachi Data Systems Corporation (HDS), a wholly owned subsidiary of Hitachi, Ltd. (TSE: 6501), today announced that Jack Domme will lead Hitachi’s Social Innovation business in the Americas reporting directly to Hitachi, Ltd. President and CEO, Toshiaki Higashihara. In this role, he will focus o…
IIT-Kharagpur students turn garbage collectors with ‘kabaadi on call’
Selling recyclable garbage in Kharagpur town is now as easy as ordering a pizza over phone, thanks to a social entrepreneurial initiative of a group of IITians. A group of IIT Kharagpur students are successfully running a ‘Kabaadi on Call’ service which allows people living inside and…
Fintech startup Lendingkart ties-up with Mahindra’s SmartShift
Lendingkart, a fintech start-up that facilitates small and medium enterprises (SMEs) in obtaining working capital loans, entered into strategic partnership with Mahindra’s SmartShift, a digitally enabled aggregator for cargo owners and transporters. Harshvardhan Lunia, cofounder, Lendingkar…
Medical Services platform seeDoc launches video consultation platform
On-demand medical services platform seeDoc has launched its video consultation platform. Founded by owner of people search engine Spock, Jaideep Singh and Vivek Bansal of Plus Ventures, seeDoc combines consultation, on-demand delivery of medicines and diagnostics and digital health records on a c…
Cross-Tab group signs $25 million deal with Kantar group
Research and analytics provider Cross-Tab Group said it has secured a multi-year deal worth up to USD 25 million with UK-based Kantar Group. As part of the agreement, Cross-Tab would be operating as the strategic outsourcing partner for Kantar Group in India for a period of four years. “The…
Seed funding for startups to be in thick of action in 2016 | VCCircle survey
A majority of venture capital funds believe that the seed stage of funding for start-ups will see maximum activity during the year while the average deal size will be between $1 million and $5 million, a survey says. According to a survey by News Corp-owned VCCircle Network, the year will not be …
UBER inks pact with Haryana Govt., to invest Rs 120 Crore
Taxi-hailing app Uber signed a pact with the Haryana government, wherein it will invest Rs 120 crore in technology based ride-sharing services. The Memorandum of Understanding (MoU) was signed at the Happening Haryana Global Investors Summit 2016. Under the agreement, Uber will invest in technolo…