Chennai: Need an odd-jobs boy to ensure your newspaper, milk, water cans, ironed clothes, groceries, meat at your doorstep by 6 am everyday? A host of mobile apps like Daily Ninja, Morning Cart and Raincan are now stepping up to run your errands. Currently, in India daily services like delivery o…
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Chinese co. leads $25 mn round in news aggregating app Dailyhunt
Mumbai: Dailyhunt, formerly Newshunt, an app which aggregates local language content, has raised $25 million in its series D round of funding led by China’s ByteDance with participation from Vodafone’s former CEO Arun Sarin, and its existing investors Matrix Partners and Sequoia Capit…
Start-up firm launches rickshaw tour of Old Delhi
A rickshaw tour of tourist attractions in Old Delhi was launched by two young entrepreneurs aiming to promote rich cultural heritage of the walled city. The specially designed red-and-yellow rickshaws, launched in association with Heritage Haveli Dharampura, will take tourists on a three-hour-lon…
Indian entrepreneurs’ focus on short-term gains turns them into laggards
Only 26,164 patents were granted in India between 2010 and 2014, compared to a staggering 1,275,787 patents in the US, according to the World Intellectual Property Organisation (WIPO). In 2012, 15.5% start-ups in the Silicon Valley had an Indian founder and this number is growing. This highlights…
Textile mills look at promoting warehouse in Colombo for cotton
Coimbatore: If all goes on the expected lines, textile mills in the southern States are expected to import more cotton this year (October 2016 to September 2017). They are looking at promoting Colombo as a hub where international sellers and shippers can stock cotton and supply to the mills in so…
National Skill Plan to be ready by March next year
Having accorded top priority to skill development, the government now aims to impart skills to around 40 crore people by 2022 for which it will formulate a national plan by March next year. According to government sources, the Ministry of Skill Development and Entrepreneurship plans to activate a…
Ronnie Screwvala’s ed-tech start-up UpGrad acquihires Pyoopil
UpGrad, the online education provider for working professionals, Co-Founded by well-known entrepreneur Ronnie Screwvala, has acquihired Pyoopil Education Technologies, a mobile-based SaaS (Software-as-a-service) product used by companies to deploy online training programmes. Delhi-based Pyoopil, …
Survey of sick industrial units being conducted in Haryana
Haryana Industries and Commerce Minister Vipul Goel on October 16 said a survey of sick industrial units in the State is being conducted to identify possibilities for their revival. The Minister while speaking at a function organised on the occasion of Maharaja Agrasen Jayanti at Gurgaon said tha…
SME initial share sales surge in FY17
Mumbai: For small and medium enterprises (SMEs), this is clearly the year of initial share sales. In just the first six months of 2016-17, SMEs have already raised Rs368.15 crore through initial public offers (IPOs), more than in any full financial year, data from primary market tracker Prime Dat…
Valiant Organics lists on BSE SME platform
Valiant Organics got listed on BSE’s Small and Medium Enterprise (SME) platform, taking the total such firms to 155. Valiant Organics came out with an initial public offering (IPO) of 9,64,800 shares of face value of Rs. 10 each at a fixed price of Rs. 220 per share. The issue opened on September…