The Narendra Modi government is all set to make khadi a “zero-effect, zero-defect” global product. The government has decided to harness solar energy to power “charkhas” (spinning wheels) across the country to enable handspun khadi to become the zero-carbon footprint green fabric of India. Minist…
EDCast to tie up with 500 institutions
Silicon Valley-based technology education startup EdCast plans to get into tie-ups with as many as 500 educational institutions and invest up to $50 million (Rs 325 crore) in India in 2016. The company creates knowledge cloud platforms that enable educators and institutions to deliver their conte…
Defence Procurement Policy to be notified soon | Parrikar
The government will finalise Defence Procurement Policy in next couple of days and this would be notified within 30 days. Defence Minister Manohar Parrikar has announced. Parrikar told a Make in India Summit that the policy will be private sector supported while ensuring that Public Sector units …
TATA Social enterprise challenge to expand its reach to social startups
If you aren’t a consumer focused startup, chances are you will have a hard time attracting investors. And if you are a social startup, then your challenges just doubled. in 2012, the Tata Group, in collaboration with the Indian Institute of Management-Calcutta (IIMC) set up the Tata Social …
Modi government plans venture fund to promote startups in northeast
In a first-of-its-kind initiative, the Center is planning to have a venture fund to promote startups in Northeastern states of the country. Addressing a conference organised by industry lobby ASSOCHAM, Minister of State for Development of North Eastern Region (DoNER) Jitendra Singh said, India is…
Investors now exploring 3D printing and scanning startups
As 3D printing and scanning startups emerge in India, investors are exploring options for early-stage investments in the sector. Abhijit Patil, Co-Founder of NXG, is part of the Zone Startups incubator, creating 3D scanning and printing software systems that could be applied to both e-commerce as…
Firstcry becomes Ratan Tata’s fourth investment in 2016
Ratan Tata has invested an undisclosed amount in baby and maternity products retailer FirstCry, marking his fourth investment since the start of 2016. FirstCry, which is owned by BrainBees Solutions, follows an omni-channel strategy of selling both through online and offline stores. “The id…
India third largest SMB market for ad platform in APAC region : Twitter
Twitter has said that the average monthly spend has grown 60% per small medium business advertiser, making India one of the fastest-growing SMB markets for the micro-blogging website across the world. SMBs across verticals such as e-commerce, travel, sports and finance use Twitter’s, self s…
Industrybuying.com raises Rs 12 Cr venture debt from Trifecta capital
Delhi-based business-to-business e-commerce player industrybuying.com has raised Rs 12 crore from venture debt provider Trifecta Capital. Venture debt is an alternative form of finance often used by start-ups. “The investment would be used to finance working capital and drive growth in the enterp…
Start-ups will mature this year, says Mumbai Angels
Ishan Singh has a few buzz words and inflection point is one. He will repeat it until he is blue in the face because he believes in it. Singh, part of the Mumbai Angels network, believes the start-up community has reached an inflection point where it has evolved and will see smarter companies wit…