News

Investor group CAN to support 10 startups

Investor group Calcutta Angels Network plans to support 10 startups, including at least three three city-based ventures, in the remaining period of this fiscal. “We plan to support ten additional startups this year. Three to four are from the city,” President of Calcutta Angels Networ…

Ritu Beri’s designs give fillip to KVIC revenue

The Khadi and Village Industries Commission (KVIC) said it has launched garments conceptualised and designed by fashion designer Ritu Beri. “Priced at Rs 1,299, these are easy-to-wear garments,” KVIC Chairman V K Saxena said in a statement. He said many celebrities and politicians have endorsed t…

Kumar Urban raises Rs 300 cr from Altico Capital

Altico Capital has closed a Rs 300 cr transaction with Pune based Kumar Urban Ltd (KUL) for a residential township named ‘KUL Ecoloch’, located near Hinjewadi, Pune. The funding proceeds shall be utilized towards refinancing the existing lenders and construction of the township. KUL Ecoloch is a …

Global food retailers eyeing India: Centre

Big retail chains and food brands from the U.K., Italy and Brazil are eyeing an entry in the Indian market after the government opened up foreign investments up to 100 per cent in processing, marketing and retailing of food made in India, Union Food Processing Minister Harsimrat Kaur Badal said. …

Assam has immense potential in plastic industry

Assam has immense potential in plastic industry with a massive campaign underway to tap the opportunities, state Industries and Commerce Minister Chandra Mohan Patowary said. “Plastic has become omnipresent in our daily life. In this regard Assam has immense potential for plastic industry a…

Lending market in India – rise of the fintech industry !

It would not be an exaggeration to state that the SME sector is one of the most critical contributors to the growth of the Indian economy.  Over 51.1 million SME units across the country contribute to about 37% of India’s manufacturing output. The industry also contributes around 7% of the manufa…

Indian start-ups’ East Asian connection

The interest of Chinese and Japanese investors in Indian start-ups continues. While established investors such as Alibaba and Softbank have been rather lukewarm this year, other investors from the two countries such as Beenos Partners, Rebright VC, Digital Garage, GMO, Tencent, Ctrip, Hillhouse C…

LensPick raises funds to expand online presence

The two year old eye wear e-commerce portal LensPick.com has raised second round of funding for inventory enhancement and technology upgradation as part of its plans to increase its online presence. US-based Scadea Solutions Inc., has picked a 10 percent stake in LensPick.com at a valuation of $5…

Google India VP invests in education startup Stoodnt

Palo Alto-based education startup Stoodnt, which helps students aspiring to study abroad by connecting them with high-quality college admission counsellors, and providing guidance, insights and online tools, has raised an undisclosed amount in funding from Rajan Anandan, Vice-President, Google, S…