Mumbai-based mobile protection and security firm AppsDaily Solutions Pvt. Ltd said it secured Rs 25 crore ($3.75 million) from founders and existing investors. The fresh capital would be used to finance growth plans, AppsDaily said in a statement. The company’s existing investors include Zodius C…
Start Up India
InnerChef raises $2.5 mn from Japanese fund Mistletoe, others
Gurugram-based food delivery platform InnerChef has raised $2.5 million in fresh funding led by Japanese early-stage fund Mistletoe, its maiden investment in India. Singapore-based M&S Partners also participated in the round along with InnerChef’s existing investors. Launched in 2015 by…
Ratan Tata invests in wearables maker GOQii
New Delhi: Adding one more to his start-up funding list, leading industrialist and serial investor Ratan Tata has invested in virtual fitness coaching platform GOQii. The size of the funding was, however, not disclosed. The company, which is a leading player in the Indian wearables market, is bac…
Govt to consider 21 start-up tax-relief proposals
In pursuance of its policy to encourage start-ups in areas beyond IT, the government on October 3 to take up proposals for tax relief for 21 companies from diverse sectors such as healthcare, bio-tech, metal castings and animal husbandry. Two proposals for incubators will also be considered by th…
India Inc putting CSR money in start-up incubators
Companies like SAP, Tata Motors and Bajaj Electricals are investing in startups through government-affiliated incubators as a part of their mandatory corporate social responsibility (CSR) spending. Nearly a dozen companies have shown interest in spending CSR money in incubators at the IITs and II…
Teesort.com to raise funds, eyes Rs 500 cr turnover by 2020
Online fashion brand Teesort.com is looking at raising funds to support its business expansion plans and expecting a turnover of Rs 500 crore by 2020. “We are looking at raising funds in order to expand fast. We are targeting Rs 500 crore turnover by 2020. We will achieve this by expanding in Ind…
288 start-ups cumulatively raised $1.36 bn in Q3
Investors continue to adopt a “cautious approach” regarding start-ups as investments declined to USD 1.363 billion in the third quarter of 2016, start-up tracker Xeler8 said. According to data by Xeler8, a total of 288 start-ups have cumulatively raised USD 1.363 billion in the third …
The process of evolution in start-ups from T-20 to One-day to Test format
In a talk at Techsparks 2016, Naveen Tewari, Founder and CEO, InMobi, provided us a deep insight into the evolution of start-ups. “There are a lot of similarities between cricket and start-ups in the evolution process. While the transition process of cricket is from Test format to T-20, the latte…
10 Indian start-ups to participate in Japan’s largest IT forum
Ten Indian start-ups will take part in Japan’s largest IT forum ‘Combined Exhibition of Advanced Technology (CEATEC)’ . Facilitated by Japan’s Ministry of Economy, Trade and Industry (METI), these 10 Indian startups will participate in the IT and electronics exhibition and conference to be held o…
Taxi rental start-up InstaCar raises $1 mn from Swastika
Taxi rental marketplace InstaCar has raised USD 1 million in seed funding from Hong Kong-based Swastika Co Limited. The investment also marks the first foreign direct investment into Madhya Pradesh’s startup ecosystem. “India currently is flooded with taxi and rickshaw aggregators within cities w…