The Indian start-up ecosystem has long had a close relationship with Silicon Valley. But now, as Chinese firms make big investments in India and Chinese venture funds become more aggressive here, there’s a growing feeling that we can learn as much, or more, from China, as from the US. At th…
Start Up India
OIL Start-Up fund of Rs 50 cr to encourage “out of the box” start-up ideas
Oil India (OIL) has set up an OIL Start-Up fund of Rs 50 crore to encourage new “out of the box” ideas related to the oil and gas sector, particularly in the Northeast. The oil exploration major’s Chairman-cum-Managing Director Utpal Bora said in a press conference that the init…
Global investors looking East to fund growing start-up ecosystem
Asia appears to be the new hotbed of activity for the start-up sector with successful investors, executives and entrepreneurs right from Russia to Israel eager to identify and support seed and early-stage businesses in the region. The immediate aim of these firms is the multi-billion dollar oppor…
e-Commerce platform MakeMyStore to help entrepreneurs sell online
Friscon India Pvt Ltd launches platform MakeMyStore has launched a powerful online platform designed to help entrepreneurs set up their personalized e-Commerce stores. Start-up online retails and entrepreneurs can sign-up with this online platform, design their website, manage their business and…
Online pharmacy licenses will ease business, say start-ups
Even as India deliberates on the status of online pharmacies, startups such as 1MG Technologies and NetMeds say they are planning to take up an e-pharmacy licence if the government allows online sale of medicines. A proposal is underway through a sub-committee under the Modi government which is l…
Bizongo raises $3 mn from IDG Ventures, Accel Partners
Bengaluru: Bizongo, run by Smartpaddle Technology Pvt. Ltd, a marketplace where businesses can procure packaging materials, on November 4th said it raised $3 million in a Series A round of funding from venture capital firms IDG Ventures and Accel Partners, an existing investor. The Mumbai-based f…
Hold your breath: These start-ups are thriving on air pollution
The country is going through a severe air pollution crisis, especially after Diwali – the air quality index has declined to an alarming stage in various parts of North India. In the past week, Delhi-NCR has been hit the most with the air pollution crisis. According to National Air Quality Index d…
Indian fintech start-ups a long way off from big global peers
Though IT trade body Nasscom claimed that India has more startups than China last week, the KPMG Fintech100 report for 2016 does not reflect it. In the top 100 fintech companies shortlisted from across countries, there are only three Indian startups that have made the cut, while China dominates t…
Online wallet, payment firms account for 50% of fintech start-up buyouts in 2016
Indian financial technology start-ups saw 12 acquisitions in 2016, according to a report published by the start-up tracker, Tracxn. Six of these were in mobile wallet and online payments segment, which includes PayU Payments Private Ltd’s acquisition of Citrus Payment Solutions Pvt. Ltd in a $130…
Angel investors to invest Rs 2 cr in education start-up Stones2Milestones
A clutch of angel investors has committed to invest Rs 2 crore in the education start-up Stones2Milestones (S2M) which is aimed at creating reading habit among school going children in the age group of 3-9 years. “We have got commitments of Rs 2 crore angel of which the first tranche of Rs 1 cror…