In a move to reduce cash burn, Softbank-funded budget hotel accommodation provider, OYO Rooms has almost stopped giving minimum guarantee of occupancy, it offered to partner hotels. It now purely operates on a revenue share model, according to a top company executive. “Minimum guarantees have bee…
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Ganesh Natarajan backs Studio Coppre in a boost to copper artisans
IT industry veteran Ganesh Natarajan, who has donned an investor’s hat post his retirement from Zensar, has recently backed Studio Coppre, a Pune-based all-women’s start-up which is working towards the cause of copper artisans in Maharashtra and other parts of the country. Natarajan told that the…
Kalaari Capital offers $100k each to 3 hardware start-ups
Remember the hoverboard from the movie Back to the Future, the teleporter from Star Trek, or the landspeeder from Star Wars? How about a multi-touch table out of a James Bond film? Talk about hardware technology innovation, these are some of the images that rush to the mind of India’s top venture…
Idea Bubbles raises Rs 4.5 cr from Eureka Forbes, 1Crowd
Healthcare technology start-up Idea Bubbles has raised Rs 4.5 crore in equity funding from 1Crowd and Eureka Forbes along with its parent Shapoorji Pallonji & Company. “Idea Bubbles…has recently raised Rs 4.5 crore (about USD 700,000) in equity funding from early stage funding pla…
Indian fitness start-up picked for Google Demo Day
New Delhi: An Indian fitness startup backed by Mohandas Pai’s Exfinity Venture calls itself the “Zomato of fitness”. The company is on its way to showcase itself at the Google Entrepreneurs Demo Day next week at the search giant’s headquarters at Mountain View, California. Mumba…
Candor inks pact with B’luru Metro for biz incubation centre
Candor Management Services announced that it has signed a definitive agreement with Bangalore Metro Rail Corporation to set up a new business incubation centre at the ‘Namma Metro’ Trinity Station. Branded “candorHUB”, the centre will nurture startups in bringing their inn…
Flipkart’s Sachin Bansal looks to set up lobby group for Indian start-ups
Flipkart Co-Founder and Executive Chairman Sachin Bansal is talking to several Indian entrepreneurs and influential investors to create a lobby group that will represent the interests of Indian consumer Internet start-ups, three people familiar with the matter said. Bansal has approached Ola’s Bh…
Telangana govt to bring IoT and Smart Technology Policy
The Telangana government will come up with IoT and Smart Technology Policy that will encourage startups and IoT based product development companies, a senior official said. “The Telangana government will be coming up with IoT and Smart Technology Policy, which will be encouraging the start-…
Start-ups can raise $3 mn via ECBs annually: RBI
The Reserve Bank permitted startups to raise External Commercial Borrowings (ECBs) of up to USD 3 million in a financial year, a move aimed at boosting innovation and promoting job creation. The borrowing should be denominated in any freely convertible currency or in Indian Rupees (INR) or a comb…
SREI launches digital marketplace iQuippo for infra sector
City-based Srei Group on October 27 announced launch of iQuippo, a digital marketplace startup for construction equipment machinery and services. “iQuippo is an independent markeplace model for construction equipment and this is the first of its kind. This is an e-commerce startup from Kano…