New Delhi: At a time when most school-going kids are busy taking selfies, Diya Burman — the teenaged daughter of the Rs 8,500-crore Dabur India’s Vice-Chairman Amit Burman — is following in the footsteps of her father. The 16-year-old scion of the Burman family has created her own startup i…
Start Up India
LIC, pension funds should be allowed to invest in start-ups: Experts
Top fund managers and start-up veterans pushed for increasing the domestic capital pool by removing investment restrictions on insurance companies and pension funds. They felt even a fraction of investible funds from these behemoths could bring in a lot more funds than what the government is dire…
CCMB launches iHub for medical, agri-biotech start-ups
After having T-Hub (Telangana Hub) as India’s largest incubator for startups, Hyderabad has another Innovation Hub (iHub) to promote start-ups in the fields of medical and agricultural biotechnology. The Council of Scientific and Industrial Research – Centre for Cellular and Molecular…
Sporting app, Sportido raises funding from Sumpoorna Group
Sportido, a location-based sporting app that connects sports and fitness enthusiasts to other players, venues and events, has secured an undisclosed amount of funding from Sumpoorna Group, a holistic investment advisory syndicate that operates across verticals of retail, domestic and foreign inst…
Oil & Gas field auctions: ONGC, OIL retreat paves way for start-ups, new players
Paving the way for start-up firms and new players with little experience in operating hydrocarbon blocks, the country’s two public sector explorers — ONGC and Oil India — have decided to stay away from the ongoing auctions of the 67 discovered marginal oil and gas fields. The auction would close…
Nirmala Sitharaman launches UberPitch challenge for start-ups
Commerce and Industry Minister Nirmala Sitharaman launched cab aggregator Uber’s challenge — UberPITCH — in a bid to reach out to budding entrepreneurs of tier-II cities. The challenge was launched under the Uber Exchange programme for 28 cities across India with a focus on tier-II cities. Shortl…
InnoVen Capital lends $20 mn to Indian start-ups in Q2
Temasek-backed venture debt firm InnoVen Capital has increased its lending to Indian startups by USD 8 million in second quarter of FY17. The company funded deals worth 15 deals worth USD 20 million compared to USD 12 million in the previous quarter. Between July and September this year, InnoVen …
DIPP taking steps to resolve problems faced by start-ups: Ramesh Abhishek
The industry department has identified roadblocks faced by start-ups and is in talks with other departments to resolve the issues to provide favourable policies for budding entrepreneurs. “We have identified a number of problems of the start-ups”, Department of Industrial Policy and Promotion (DI…
Reverse bidding start-ups show the way forward
Shahir MS was looking to book a room at a three-star hotel in Chennai when he stumbled upon a start-up which asks potential guests to make a bid, instead of the traditional model which aggregates prices offered by hotels. The average room rate, Shahir found, was Rs 2,500 a night but he made two b…
Seven start-ups graduate from Target accelerator program in India
On an average it takes six weeks and $10,000 to create a motion picture promotional video. What if you could create a video every 15 minutes at a fraction of the cost? This was one of the many innovative ideas presented at the recently concluded Target Accelerator Program’s Demo Day in Bangalore …