Actor turned entrepreneur Suniel Shetty backed men’s grooming brand Beardo raises seed funding of $500k from Venture Catalysts. The investment round was led by Raj Vazirani – RHV enterprise, Siddharth Somaiya of Godavari Biorefineries & Somaiya Group, Rohit Parakh – Diector, Touchston…
Start Up India
Sequoia backed Druva raises $51 million in series E funding
Data protection solutions provider, Druva raised $51 million in series E funding from a consortium of investors led by Sequoia India. The round was led by existing investor Sequoia India and joined by new investors – Singapore-based EDBI, as well as Blue Cloud Ventures and Hercules Capital. It al…
YES Bank launches full service banking proposition for start-ups
YES Bank, India’s 5th largest private sector bank, announced the launch of YES:Head-STARTUP; a full service banking proposition for tech or tech-enabled Start-ups, complemented by a first-of-its-kind privilege program. In keeping with unique and specialized banking requirements of start ups, the …
World Tourism Day Special: Travel start-ups to spin the tourism era
Travel based startups have of late been getting more funding than even e-commerce portals. Travel startups are also witnessing a boom for past two years. According to research firm Tracxn’s data, first half of this year saw $457.67 million in funding versus $75.4 million during the same period in…
Karnataka earmarks Rs 2 cr for tech start-ups
Karnataka Startup Cell funds Rs 2 crore in eight startups AAO Hostel, Highway Delite, Highir Technologies, Digitour Technologies, Aseuro Technology. Trip Diary, Moving up Products and Trip on Food. The startups have come up with innovative technology based solution for the tourism industry in Kar…
Startup India learning programme now gets an official ‘UpGrad’
The government has appointed online learning platform UpGrad as the official education partner for its ‘StartUp India’ learning programme. UpGrad, co-founded by Ronnie Screwvala, Mayank Kumar, Ravijot Chugh, and Prabhav Phalgun, will offer a four-week course — varied from its flagship 15-week pro…
Interest of global tech giants including Apple, Intel revives in Indian startup space
Apple’s recent acquisition of Indian machine-learning startup Tuplejump offers further evidence of a revival in the interest of global technology giants in the country’s startup space, especially in areas such as artificial intelligence, cloud infrastructure and automation. Enthusiasm…
How fixing these government policies could benefit start-ups
The government has overwhelmingly acknowledged and supported the mushrooming startup ecosystem in India. However, industry experts still believe that there continues to be nuts and bolts that need to be fixed in the ecosystem in order to carry out business at a faster pace. Initiatives like Start…
Start-ups can take long-term risk with Indian money: Nilekani
Infosys Co-Founder Nandan Nilekani is all for Indian start-ups, saying they have entered an ‘exciting phase’ with focus on India-specific problems and opportunities, and domestic money is fuelling risk appetite. “I am very bullish on the Indian start-up scenario”, the brai…
Zomato acquires logistics tech startup Sparse Labs
Online restaurant ordering and discovery portal Zomato acquired logistics technology startup Sparse Labs, as it looks improve the delivery experience. The financial details of the transaction were not disclosed. Sparse Labs has developed an Android-based mobile application which transmits deliver…