Madhya Pradesh, which had emerged fifth last year in the department of industrial policy and promotion’s (DIPP) ease of doing business rankings among states, is facing tougher competition this year. In the real time ranking of the states based on business reform action plan made available on DIPP…
Start Up India
Khadi: From symbol of India’s freedom to fashion statement
To help promote local artisans and weavers across the country, an exhibition here seeks to encourage larger use of Khadi – a fabric that has transformed from being a symbol of India’s freedom struggle to become a style statement. Titled The Khadi March: Just Five Meters, the solo show by Sh…
Agritech start-ups increasingly focusing on social parameters
Bengaluru: Agritech and social enterprise startups are increasingly focussing on health, education, sanitation and entrepreneurial initiatives in an attempt to enable farmers and their families. Besides offering tech know how and products, these startups are also looking into the emotional and ed…
Foodpanda raises close to Rs 10 cr from parent Jade Gmbh
Food ordering startup Foodpanda has raised close to Rs 10 crore from Berlin-based parent Jade Gmbh and Co, according to documents available with the registrar of companies. The development comes at a time when the company is looking to raise funds from external investors and has also hired an inv…
A start-up idea for high quality eldercare in India
Back in 2009, I wrote about many business-fiction projects to help entrepreneurs to learn to identify startup ideas and one was called Care. The premise of the project was that the number of millionaires are increasing in India by leaps and bounds. At the same time, many of these families have ne…
SEBI looks to tighten rules for credit rating agencies
The Securities and Exchange Board of India (Sebi) plans to tighten regulations for credit rating agencies by ensuring that rating processes are insulated from business decisions, said two people with direct knowledge of the matter, including a Sebi official. The capital markets regulator will als…
Social media start-up Sagoon seeks to launch mini-IPO in the US
New Delhi: Sagoon Inc., a social network and e-commerce start-up with offices in Washington DC and Delhi, is set to tap US capital markets through its proposed mini-initial public offering to raise as much as $20 million, a top executive at the firm said. The two-year-old start-up, founded by Gov…
India Quotient invests $500k in fintech start-up CreditMate
Bengaluru: Early stage fund India Quotient has invested $500,000 in Mumbai-based fintech lending startup CreditMate, which uses data-driven algorithms to lend against purchase of used two-wheelers. “We are targeting a blue collared workforce segment which could range from beauticians to del…
EEDI to nurture 10 start-ups in food, agri & health care
Entrepreneurship Development Institute of India (EDII), plans to nurture 10 start-ups a year at its new technology business incubator – Centre for Advancing and Launching Enterprises (CrAdLE). The centre will nurture start-ups in manufacturing, food or agriculture business, renewable energy…
KredX raises Rs 40 Cr Series A funding led by Sequoia India
Invoice discounting marketplace KredX has raised about Rs 40 crore in series A funding led by Sequoia Capital India along with existing backer, early stage investment firm Prime Venture Partners. The Bengaluru-based startup has built a technology marketplace, where it connects small and medium en…