Amitabh Saran, the Chief Executive of Altigreen Propulsion Labs, and his team had a unique problem. They had to remove a film of deposit off their thin laminations. Every possible idea was thought of—scrubbing with a rag, washing, using a rust remover. Engineering head John Bangura did not endors…
Start Up India
Food delivery start-up Swiggy posts 65 fold increase in losses
Bengaluru: Food delivery start-up Swiggy (Bundl Technologies Pvt. Ltd) posted a near 65-fold increase in losses for the fiscal year ended March 2016, indicating heavy cash burn and poor unit economics in food start-ups. Swiggy’s revenue rose to Rs 23.59 crore for the year ended 31 March from Rs 1…
Pathology chain Suraksha Diagnostics receives $40 mn from OrbiMed
Marquee healthcare OrbiMed investor is finalising about $40-million investment in Kolkata-based Suraksha Diagnostics, which operates a chain specialising in pathology and radiology services across the national capital region (NCR), Bihar and West Bengal. The investment deal is in the final stages…
India start-up fest in London in 2017
Start-up entrepreneurs from India and the UK would assemble on the banks of the Thames in London in the spring of 2017 for the first such international fest organised by the government. As part of its ambitious Start-Up India Action Plan, the Prime Minister Narendra Modi-led government plans to h…
IDFC Bank & SME MaXX come together to boost Indian SMEs in e-Commerce
SME MaXX, India’s leading SME success services company, announced collaboration with IDFC bank to enable Indian SMEs set up an effective e-Commerce channel for their business. As a part of the collaboration IDFC bank will sponsor a series of e-Commerce workshops in major Indian cities. E-Co…
Ransomware haunts SMEs, attacks up 8 times in Q3: Kaspersky
Even as small and medium businesses as well as start-ups in India try to adopt new technologies to stay ahead of the competition, they lag behind when it comes to deploying the necessary security infrastructure to safeguard their assets. Targeted and custom malware attacks are steadily on the ris…
SaaS start-ups raise over $256 mn in VC funding
In the midst of a funding winter for startups, companies offering software-as-a-service (SaaS) have raised over $256 million in venture capital funding since January, counting several big-ticket deals. What has worked for SaaS startups is the focus on unit economics – a metric to measure a …
T-Hub: World’s largest start-up incubator coming soon!
Exactly a year after inauguration, T-Hub, India’s largest startup incubator which has waged a startup revolution in Hyderabad is now gearing up to roll out the second phase of its facility. Spread across 3,50,000 square feet, the new wing will be made available to entrepreneurs by mid-2018. The s…
B2B commerce start-ups raised $85 mn in funding this year: Report
Internet-based businness to business commerce companies in India registered over three times jump in funding this year compared to last year, a report published by startup data collector Tracxn said. B2B e-commerce ventures have so far secured $85 million in capital compared to $21.07 million in …
Stasis Labs aims for affordable healthcare, raises $5 mn
In the last couple of years, I had the misfortune of spending more than a month at a stretch twice in hospitals. The recent one was a freak bike accident that left a lung punctured, knee ligaments torn, and ribs bruised. But the earlier one was much scarier: a nasty strain of dengue that had [&he…