Hyderabad: Furthering IIIT-H Foundation’s reach in backing startups, the foundation is inviting applications from deeptech startups for its six-month Seeding@Launchpad incubator programme. Under this flagship, early stage tech startups will gain access to a host of services, facilities and guidan…
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SoftBank pumps in Rs 1,675 cr in Ola
Japanese investor SoftBank has pumped in about Rs 1,675 crore in fresh funding in Indian transportation startup Ola to give it more muscle to take American rival Uber head-on. SoftBank subsidiary SIMI Pacific Pte picked 12,97,945 shares valued at Rs 10 at a premium of Rs 12,895 in ANI Technologie…
Mahesh Murthy thinks that the future of investing in India isn’t the current Venture Capital Model
Mahesh Murthy teamed up with Pravin Gandhi and Bharati Jacob to set up Seedfund in 2005, which is a leading early-stage venture capital fund with marquee investments, including Carwale, RedBus, MyDentist, Chumbak, AFAQs, and Vaatsalya. The trio was passionate about the internet boom and with gian…
Goodbox launches its app country-wide for small businesses
Hyderabad: Goodbox, which offers small and mid-size businesses an e-commerce platform, has announced that its app is now available across the country, the company said in a statement on April 14. The businesses can have their e-commerce platform at a hundredth of the cost of developing their own …
SME IPOs catch investors’ eye, raise Rs 811 cr in FY17
New Delhi: Small and medium enterprises (SMEs) raised a staggering Rs 811 crore through initial public offerings in 2016-17, more than two-fold jump from the preceding fiscal. The huge fund-raising can be attributed to reforms and initiatives taken by the government to encourage the SME sector. F…
Reality check: Forget Digital India, 73% MSMEs still use printed directories in age of internet
The industry in the district lags behind in terms of adopting latest technology and marketing tools. A study of MSMEs in the district conducted by the Chamber of Commercial and Industrial Undertakings (CICU) has found that only 27 per cent of the units have their websites and just 9 per cent of t…
India world’s largest start-up ecosystem, but in VCs & angel networks it stutters
India is the world’s third largest start-up ecosystem with over 4,200 start-ups in existence according to NASSCOM. Yet, in terms of VCs and angel networks, India compares poorly to the developed world. In the US alone, there are an estimated 1,300 venture funds in operation in contrast to a paltr…
Reliance Group’s Unlimit launches IoT platform for ‘Enablement’ of start-ups
Reliance Group’s Unlimit has launched an Internet of Things (IoT) platform which will aim to enterprise users on April 13. Reliance’s Unlimit had joined hands with a global IoT Software provider Cumulocity and launched a new platform ‘Enablement’ to showcase their new products and services. ‘Enab…
eBay kicks off start-up competition for early stage entrepreneurs
eBay Foundation and GriffinWorx have launched the 2017 eBay StartUp Cup Challenge, a business model competition in four cities helping early stage entrepreneurs with any type of business idea to design, test and build a viable business. Through a competitive selection process over several months,…
10 ways in which you can ensure your start-up’s success
Entrepreneurship requires you to be many opposing things, simultaneously and consistently. We at EGK Foods, stand on the cusp of raising our first real round of funds so, I would love to share what I have learnt so far. I was once an amateur online poker player, therefore, I can broadly describe …