Blippar Inc, a technology company specializing in augmented reality, artificial intelligence and computer vision, has raised $54 million (Rs 365 crore) in series-D funding led by Khazanah Nasional Berhad, the strategic investment fund of the government of Malaysia. Existing investors also put in …
Plastic recycling startup Banyan Nation raises funds from Artha
Hyderabad-based plastic waste recycling company Banyan Nation has raised an additional capital of Rs 5.36 crore (USD 800,000) from Artha Capital as a part of the social enterprise technical assistance project run by the Global PE Firm KKR and Shujog – the not-for profit-initiative by Impact…
Paytm introduces hindi interface on its app to expand seller base
Paytm has introduced Hindi interface on its seller app to expand seller base in tier-II and III cities. The interface will also help the marketplace scale-up its online-to-offline business for shipping large appliances and electronics beyond the current base of 10 cities. “The top-10 cities…
Bike service uberMOTO to debut in bengaluru , fares as low as rs 3/km
Uber will debut its biketaxi service on March 4 in India’s technology capital, making Bengaluru the second city after Bangkok into which the world’s most valuable startup is riding in on two wheels. To be called UberMOTO, the service is aimed at tapping additional revenue streams in o…
DCB Bank acquires 5.8% stake in Annapurna Microfinance for $1.5m
DCB Bank has acquired 5.81 per cent stake in Annapurna Microfinance Pvt Ltd for Rs 9.99 crore ($1.45 million), according to a stock market disclosure. “The initiative of acquiring a strategic equity stake in Annapurna further strengthens our business partnership. DCB Bank has a meaningful presenc…
Expert sees bright scope for startups in pre, post-harvest technologies
Increased allocation to agriculture by 84 per cent and resolve to double income in five years will see lot of opportunities by technocrats and management graduates in startups in pre and post-harvesting technologies, says Executive Vice Chairman of Vizianagaram-based Vijaynagar Biotech Ltd and no…
Manufacturing sector to be next focus area for startups
In the line with the dominance of services sector that contributes about 53% to the gross domestic production of India, startups in this space outnumber their counterparts in manufacturing segment. But startup mentors feel that the time has come for their convergence. Girish Gupta, Chief Executiv…
MSMEs need to tap procurement policy
The number of micro, small and medium enterprises in Rajasthan enrolled with the National Small Industries Corporation to participate in tenders floated by various government departments and PSUs is small even though the public procurement policy offers them opportunities to get bulk orders, a to…
MebelKart bets big on modular kitchen category
Modular kitchen segment at MebelKart is seeing a growth of 75% Month on Month India’s highly preferred furniture marketplace MebelKart has announced that it is extremely optimistic about the modular kitchen category that it launched in November 2015. The company is witnessing a month-on-month gro…
MoMark raises Rs 4 Crore to strengthen its Mtech platform
MoMark Services, a mobile app-based customer engagement platform and mobile wallet aggregator, has raised a pre series-A funding of $600,000 (aroundRs 4 crore) led by YourNest Angel Fund. Kolkata-based LNB group also participated in the funding round. MoMark facilitates loyalty and analytics-led …