HeyDidi, an all-women logistics start-up that provides delivery services for e-commerce companies and restaurants in Mumbai and Bangalore, will expand to Pune and Nagpur before Diwali. The logistics service provider, which hires young women to carry out instant parcel delivery services on two-whe…
Start Up India
Paytm buys edutech start-up Edukart
Payment services provider Paytm (One97 Communications Ltd) has bought education technology start-up Edukart, backed by cricketer Yuvraj Singh and Paytm Founder Vijay Shekhar Sharma, after it failed to raise new funds, said three people aware of the development. The purchase, whose value wasn’t di…
Now, Indian accelerators attract foreign start-ups
Getting an invite from an overseas accelerator would be a turning point for many an Indian start-up. Landing a spot in accelerators from the US, the UK, Singapore, Israel or Japan propels them into a new orbit. But with India climbing up the world start-up charts and a rising number of Indian acc…
Chinese investors bullish about Indian start-ups; jointly provide $50 mn of funding
A dozen Chinese investors offered at a technology summit on September 25 to jointly provide funding of about $50 million (Rs 334 crore) for Indian start-ups. The investors include a Cyber Carrier, a Hong Kong-based Chinese internet enterprise that has set up a $30 million initiative fund in Janua…
The shoddy state of start-up incubators in India
On January 16, 2016, Prime Minister Narendra Modi concluded the Start-up India conference in New Delhi, with an action plan for how to promote entrepreneurship and young enterprises in the country. Now, more than the start-ups, it is the ecosystem that badly needs our attention today. If we want …
Start-ups that are clear market leaders will gear for IPOs: Tracxn, Co-Founder, Abhishek Goyal
Venture capital firms have been active in India since 2006. Yet, even after pouring more than $19 billion into Indian start-ups over more than a decade, most venture capitalists (VCs) have struggled to get attractive returns on their investments. Now, VCs will have to increase their focus on comi…
GE Healthcare to fund up to USD 50 mn for global health start-ups
GE Healthcare, the USD 18-billion healthcare technology unit of GE, has announced USD 50-million funding aimed at improving services of healthcare startups in developing countries. GE Healthcare has set up an accelerator — five.eight — that will work with global health startups workin…
Indus Net Tech to set up start-up incubation labs
Digital solutions provider Indus Net Technologies would open an incubation lab in its premises at Salt Lake electronics complex here for nurturing and mentoring startups, one of its top official has said. “We are launching the Indus Net Labs with the aim to mentor and guide start-ups having…
Apple acquires Hyderabad-based machine learning startup
San Francisco: US tech giant Apple has acquired Tuplejump, a Hyderabad-based machine learning startup that helps companies to store, process and visualise big data with its unique software. Founded in 2013, Tuplejump’s two Co-Founders Rohit Rai and Satyaprakash Buddhavarapu have already joi…
Carpediem Capital leads investment of $6mn in mobile repair Co. GadgetWood
On-demand repair services & refurbishment company GadgetWood raised approximately $6 million in funding from Carpediem Capital, an India-focused private equity fund, and its investors. Abhishek Sharman, Founder and MD of Carpediem Capital, will be joining the board of the company as part of t…