The start-up culture, which has gathered pace in the country, will continue to disrupt traditional business models in a significant way, according to investors which have funded such activity. “Traditional businessmen understand business in their own way. That person will discount you in the firs…
Start Up India
Aadhaar, eKYC, UPI to fuel innovation in fintech, says report
Financial technology built around India Stack, (a set of tools to build software) Aadhaar, electronic know your customer (eKYC) process and Unified Payments Interface (UPI) will fuel innovation that can help 400 million more Indians access credit, insurance and investment opportunities, a report …
MP govt created Rs 100 cr venture fund for entrepreneurs
Madhya Pradesh government has created Rs 100 crore venture fund for budding entrepreneurs with innovative ideas for setting up industries, Chief Minister Shivraj Singh Chouhan said here. A senior official of Madhya Pradesh government said they may announce a Startup Policy on October 1. Chouhan, …
Healthcare startup Portea is ‘Activ’ in wellness space now
Home healthcare startup Portea Medical has expanded into the wellness segment with its new offering Portea Activ, an end-to-end health and fitness program, which is expected to become a major business segment for the company. The program was launched 15 days ago and is currently being offered thr…
India ranks 3rd in tech start-up exits
A couple of years ago, there were worries that India wasn’t seeing too many exits of startups through mergers & acquisitions (M&As) or IPOs. But in the first six months of 2016, India saw the third highest tech startup exits, according to US startup database CB Insights. The US led …
Xiaomi to bring crowdfunding platform to India
Chinese tech firm Xiaomi may soon bring its ‘crowdfunding’ platform to India that will help start-ups working on consumer electronics to sell their wares through the medium. In China, Xiaomi runs a crowdfunding platform where hardware start-ups submit their products and consumers can book them, h…
Start-up success: Does the city matter?
Mumbai-based companies had the highest success rate in terms of raising a follow-on round or providing an exit to its existing investor. Mumbai start-ups also showed a healthy mix of sectors being funded—be it B2C, B2B, enterprise software, financial technology, etc. Mumbai companies which raised…
T-Hub to invite & encourage start-ups for UberExchange programme
Taxi-hailing app Uber signed a pact with technology startup incubator T-Hub, set up by Telangana government, for UberExchange programme. As part of the deal, T-Hub will be leveraging its expertise in shortlisting 20 start-ups through existing network of both the organisations, according to Eric A…
How Nasscom 10K program has been empowering India’s growing start-up ecosystem
Before co-working spaces and plug-and-play offices became the buzzword in the startup ecosystem in India, industry body Nasscom had opened one of the first such centres in India three years ago with its Startup Warehouse in Bangalore. Following the success of the 10K program aimed at fostering th…
JustLikeNew.in raises $500k from angel investors
Smartphone repair e-commerce platform JustLikeNew.in said it has raised funds worth USD 500,000 (about Rs 3.3 crore) through LetsVenture.com, from angel investors Mindtree Executive Chairman Krishnakumar Natarajan and former Oracle India MD, Sandeep Mathur. Existing investors Aneesh Reddy and Vik…