Tata Sons’ chairman emeritus Ratan Tata has invested an undisclosed amount in next generation cancer therapeutic startup Invictus Oncology, the New Delhi-based company announced on February 8. The investment in Invictus Oncology is Tata’s fifth in 2016, and follows the Tata Sons patri…
Companies, Finance & Markets
Weddingz.in raises undisclosed funding from sixth sense ventures
Online marketplace for wedding vendors and services, Weddingz.in, has raised an undisclosed sum from consumer-focused venture capital firm Sixth Sense Ventures, the second such funding raised by the company in less than two months. Proceeds from the pre-Series a round will be used by the year-old…
Top 10 Angels give wing to 425 Startups
India’s top 10 angel investors — call them archangels — have supported and helped build 425 Indian startups over the past 10 years, according to estimates by startup database Xeler8. That’s a significant figure, given that the startup ecosystem is still in its infancy, and reflects th…
Sistema JSFC floats $50m Asia fund
Sistema JSFC, a Russian conglomerate with over $10 billion of annual revenue, has jumped onto the Indian startup bandwagon. It has floated a proprietary $50 million (Rs 340 crore) Asia Fund to support Indian startups operating in the technology and niche consumer retail segments. He declined to r…
Oil ministry readying to fuel start-ups | Dharmendra Pradhan, Oil Minister
The Ministry of Petroleum and Natural Gas plans to offer financial partnerships to start-ups in the oil sector to give a boost to the ‘Startup India’ initiative. “All oil Public Sector Undertaking units (PSUs) will invest and provide financial partnerships to start-ups engaged in exploration and …
Ratan Tata, US varsity to invest in Indian Start-ups
The private company of Tata Group doyen Ratan Tata will jointly invest with the $100-billion investment arm of the University of California, in start-ups and companies in India that focus on the segments of mobile telephony, energy, health care and emerging technologies. The investment cycle woul…
German Firm TUV Rheinland signs MoU with FIEO
TÜV Rheinland India, a subsidiary of TÜV Rheinland Group, Germany, a worldwide leader in Testing, Training, Inspection, Consulting &Certification, has today signed an MoU with Federation of Indian Export Organizations (FIEO). As per the terms of the MoU, TÜV Rheinland India will, on subsidize…
Ontario and Punjab inks MoU for economic development of both regions
Canadian Firm ‘Kitchener’ Evinces Interest in investing 100 million dollars in IT Park Mohali. Focus on economic co-operation skill development, energy and technology. Bilateral economic co-operation between and Punjab state and province of Ontario (Canada) February 3rd got a boost when Canada ba…
Home services startup Housejoy acquires My-Wash
Home services startup Housejoy has acquired online laundry services player My-Wash in a deal underlining further consolidation in the nascent home services market, where venture capital funding has started drying up. The deal would give Amazon backed Housejoy a foothold in “a strategic cate…
Yuvraj Singh TP fund incubators in Gurgaon, Bengaluru
The Yuvraj Singh-run seed fund company, YouWeCan Ventures, plans to start an incubator soon. The company said the first two arms of this company would be set up in Gurgaon and Bengaluru. “We want to be a 360 degree fund. Usually, you see funds taking a step up and trying to invest in larger ticke…