Chamath Palihapitiya knows how to grow an organisation fast. As the head of user growth at Facebook, he helped build an audience for the social networking site. But, as a venture capitalist, Sri Lanka-born Palihapitiya is going slow – one at a time. He knows scale is important for an organisation…
Start Up India
Square Yards consulting raises $12 million from Reliance Group’s PE arm
Square Yards Consulting Pvt. Ltd, a real estate listings and advisory firm, has raised $12 million from the private equity arm of Anil Ambani-led Reliance Group. Square Yards will use the funds to strengthen its team and expand its presence to more than 25 countries, the company said in a stateme…
Moms turn enterpreneurs, Start traditional, organic snack start-up
Healthy children’s food in India never really had a chance to be perceived as cool – in part due to packaging that failed to appeal to kids, unlike cheap and unhealthy fast food brands. That perception needed to change, and that’s what two young mothers – one a former public health consultant, th…
Seminar to boost women start-ups in Gujarat
Ahead of the forthcoming Vibrant Gujarat Global Summit 2017, the state government is organizing a seminar ‘An Ode to Women Entrepreneurship‘ in the city on November 10. The seminar to be held in Sayaji Nagar Gruh in Akota aims to support and encourage start-ups by women. Deputy Chief …
CII launches ‘Startup Mentorship Circle’ to build bridges for start-ups
Industry body Confederation of Indian Industry (CII) has taken a leaf out of corporates’ books and is backing startups by setting up its own platform. The ‘Start-up Mentorship Circle’ will provide a common platform for captains of India Inc and startup entrepreneurs to share the…
Teaching start up Online Tyari gets Rs 20 cr fund
Mobile-first test preparation platform, OnlineTyari (OT) has raised Rs 20 crore, led by the Michael and Susan Dell Foundation (MSDF). MSDF made an equity investment of Rs 15 crore (USD 2.1 million) in the company, OnlineTyari said in a statement. OT offers a mobile application that allows highly …
UK to invest £160 mn in 75 start-up enterprises
British Prime Minister Theresa May announced that the UK will invest 160 million pound (about Rs 1,330 crore) across 75 start-up enterprises that will help generate new jobs. She also announced an additional 20 million pound for a Start-Up India Venture Capital Fund. The fund will support 30 ente…
Indonesian start up Go-Jek acquires 3 Indian start-ups, eyes more
Backed by Sequoia Capital and Yuri Milner’s DST Global, Go-Jek is the first unicorn in Indonesia. The Indonesian startup, which was founded in 2010, has acquired 3 start-ups in India since the beginning of 2015.Go-Jek has plans to acquire more startups in the devOps and mobile engineering s…
Avg size of start-up funding up 27% to Rs 4.6 cr: Report
The average size of funding received by start-ups from angel investors grew 27 per cent to Rs 4.67 crore in 2015, from Rs 1.06 crore in 2009, a report said. Also, the average investments made by these angel investors individually saw an annual growth rate of 34 per cent from Rs 0.21 crore in 2009…
Govt working on a policy for e-pharmacy start-ups
The government is working on a policy governing the sale of medicines online by start-ups such as 1mg.com, Bookmeds, mChemist, Medidart, Medlife, Medstar, Netmeds, Pharmeasy and Zigy.com that have disrupted the brick and mortar model. This comes as chemists plan a one-day shutdown of their shops …