Data protection solutions provider, Druva raised $51 million in series E funding from a consortium of investors led by Sequoia India. The round was led by existing investor Sequoia India and joined by new investors – Singapore-based EDBI, as well as Blue Cloud Ventures and Hercules Capital. It al…
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Govt expects improvement in India’s ease of doing biz ranking
Enthused by improvement in India’s rank in WEF’s Competitiveness Index, the government exuded confidence that the country will witness a similar gain in the World Bank’s ease of doing business ranking and it may also prompt a sovereign ratings upgrade. Although global credit rat…
YES Bank launches full service banking proposition for start-ups
YES Bank, India’s 5th largest private sector bank, announced the launch of YES:Head-STARTUP; a full service banking proposition for tech or tech-enabled Start-ups, complemented by a first-of-its-kind privilege program. In keeping with unique and specialized banking requirements of start ups, the …
MoneyTap launches credit line app
Fintech start-up MoneyTap has launched a credit line app in partnership with its banking partner RBL Bank. Using the app, a salaried employee can borrow as little as Rs. 3,000 or as much as Rs. 5 lakh from a bank. Credit line is a fairly new concept in India, and is an arrangement between a bank …
GoDaddy open to acquiring firms for SME-specific products
GoDaddy, the internet domain registrar and web-hosting company for small businesses, is open to acquiring any company that is “building phenomenal experiences for small businesses,” a top executive of the company told. “A part of our investment strategy is broadening our product portfolio with pr…
World Tourism Day Special: Travel start-ups to spin the tourism era
Travel based startups have of late been getting more funding than even e-commerce portals. Travel startups are also witnessing a boom for past two years. According to research firm Tracxn’s data, first half of this year saw $457.67 million in funding versus $75.4 million during the same period in…
YourNest launches its second start-up fund with a Rs 300 crore corpus
Early stage venture capital firm YourNest on September 27 announced the launch of its second fund, YourNest India Fund II, with a corpus of Rs 300 crore. The firm has also brought onboard Vivek Mansingh, who has previously served as President of Cisco’s Collaboration and Unified Communicati…
P&G CEO meets Modi, discusses Make in India
Procter & Gamble Global Chief Executive Officer and President David S Taylor called on Prime Minister Narendra Modi here on September 27. Taylor, who was in India for a short visit, discussed the company’s Make in India initiatives as well as partnering with the Centre’s key initiatives such …
Indonesia’s Go-Jek acquires Bengaluru start-up Pianta for talent
Indonesian on-demand motorcycle taxi service Go-Jekhas acquired Bengaluru-based home health care service Pianta, founded by former Ola executives, for an undisclosed amount as it looks to shore up on talent at its India engineering centre. Go-Jek will integrate the entire team from Pianta, includ…
Karnataka earmarks Rs 2 cr for tech start-ups
Karnataka Startup Cell funds Rs 2 crore in eight startups AAO Hostel, Highway Delite, Highir Technologies, Digitour Technologies, Aseuro Technology. Trip Diary, Moving up Products and Trip on Food. The startups have come up with innovative technology based solution for the tourism industry in Kar…