Having come up with a quirky name for her enterprise, Bee Positive ++, Kanupriya Saigal plans to create a cooperative of beekeepers at Karnal to produce and sell honey. The novice entrepreneur will be chaperoned through the initiation process by Indian Institute of Technology-Delhi under its thre…
News
Start-ups can take long-term risk with Indian money: Nilekani
Infosys Co-Founder Nandan Nilekani is all for Indian start-ups, saying they have entered an ‘exciting phase’ with focus on India-specific problems and opportunities, and domestic money is fuelling risk appetite. “I am very bullish on the Indian start-up scenario”, the brai…
Zomato acquires logistics tech startup Sparse Labs
Online restaurant ordering and discovery portal Zomato acquired logistics technology startup Sparse Labs, as it looks improve the delivery experience. The financial details of the transaction were not disclosed. Sparse Labs has developed an Android-based mobile application which transmits deliver…
Logistics start-up HeyDidi expanding to Pune & Nagpur
HeyDidi, an all-women logistics start-up that provides delivery services for e-commerce companies and restaurants in Mumbai and Bangalore, will expand to Pune and Nagpur before Diwali. The logistics service provider, which hires young women to carry out instant parcel delivery services on two-whe…
Paytm buys edutech start-up Edukart
Payment services provider Paytm (One97 Communications Ltd) has bought education technology start-up Edukart, backed by cricketer Yuvraj Singh and Paytm Founder Vijay Shekhar Sharma, after it failed to raise new funds, said three people aware of the development. The purchase, whose value wasn’t di…
Six SME IPOs to hit mkts this week to mop up Rs 65 cr
Enthused over upbeat investor sentiment, as many as six small and medium enterprises (SMEs) will come out with initial public offers to raise an estimated Rs 65 crore. So far this month, seven companies have hit the capital markets. The six firms coming up with IPOs are Jet Knitwears, Nandini Cre…
CPSUs need steps to meet 20% procurement target from MSMEs: LUB
Industry body Laghu Udyog Bharti (LUB) said that Central Public Sectors Units (CPSUs) need to take measures towards achieving the target of 20 per cent procurements from MSMEs. “So far 43 CPSUs out of a total of 277 CPSUs have achieved the target of 20 per cent.” Hitendra Joshi, Presi…
Karnataka Minister for policy changes in tune with emerging biz
Amid a legal battle against new state norms governing app-based taxi-aggregators, Karnataka IT Minister Priyank Kharge said these companies should follow the rules but pitched for changes in policies in tune with emerging new businesses like e-commerce. “There are certain laws that needs to…
Now, Indian accelerators attract foreign start-ups
Getting an invite from an overseas accelerator would be a turning point for many an Indian start-up. Landing a spot in accelerators from the US, the UK, Singapore, Israel or Japan propels them into a new orbit. But with India climbing up the world start-up charts and a rising number of Indian acc…
Bihar to go for branding of khadi
Chief Minister Nitish Kumar on September 24 said that Bihar government would go for branding of finer quality of Khadi clothes made in the state to attract the “newer generation” through designer garments made of it. He said this at a function to mark the ‘Rashtriya Charkha Diwas’ in Patna in a b…