Reliance Industries-led start-up accelerator programme, the GenNext Innovation Hub, has been successfully nurturing digital entrepreneurship in India, putting the country on the global map as a start-up and innovation hub. RIL’s programme, in partnership with Microsoft Ventures, celebrated …
Start Up India
Bengaluru start-up brings stethoscope home 200 years after invention
From a simple wooden pipe in 1816 to a device that’s undergone several improvements today, the stethoscope has been a doctor’s close friend. And in the 200th year of its invention, a digital innovation by a Bengaluru start-up holds the promise of bringing it home for the first time. T…
Healthcare start-ups fail to attract fresh funds
Healthcare start-ups in the country are struggling to raise fresh funds. According to the data released by VCCEdge, the financial data platform of News Corp VCCircle, from January to August 2016, healthcare start-ups have managed to raise only $397.41 million. Compared to this, in CY 2015, the se…
34 start-ups avail rebate on patent fee: DIPP
As many as 34 startups have so far availed the benefits under a government scheme to obtain patents with 80 percent fee rebate, the Department of Industrial Policy and Promotion (DIPP) said. A professional body under the DIPP, Cell for IPR Promotion and Management (CIPAM) in a tweet asked other s…
NXP India hopes 10-fold growth in contribution from start-ups
Dutch electronic chip firm NXP expects contribution of start-ups to its Indian business to grow 10 times in the next three years under its new strategy to push innovation in the country. “As per the Innovate India approach, we will have various things from our side from time to time. We can…
GVA helps Indian start-ups into Russia as both countries boost business
Global Venture Alliance (GVA), a Moscow-headquartered provider of business services, training programmes and seed funding for startups, has teamed up with the Society for Innovation and Entrepreneurship (SINE), a major tech business incubator based in Mumbai, and launched the ‘India-Russia Bridge…
Swiggy raises $15 mn in Series D round led by Bessemer
Online food delivery start-up Swiggy, owned by Bundl Technologies Pvt. Ltd, has raised $15 million in a Series D round of funding from Bessemer Venture Partners and existing investors Accel Partners, SAIF Partners, Norwest Venture Partners and Apoletto Asia, the company said in a statement on Sep…
LEAF raises Series B funding from Bestseller Foundation, Unitus Impact
Lawrencedale Agro Processing Pvt. Ltd (LEAF) said it has secured investment in a Series B round from US-based venture capital fund Unitus Impact and Denmark-based Bestseller Foundation. The Ooty-based start-up, backed by the investment arm of Soros Economic Development Fund, did not disclose the …
Arun Jaitley inaugurates start-up school at LPU
Union Finance Minister Arun Jaitley inaugurated start-up school at Lovely Professional University’s (LPU) Chaheru campus. Addressing the students, he said, “I wish to see many upfront entrepreneurs from LPU”. The US, Japan, Taiwan, South Korea have advanced in technology and res…
Recommendations to raise tax holiday sent to Fin Min: Nirmala Sitharaman
Union Minister Nirmala Sitharaman said her Ministry has recommended the Ministry of Finance to raise tax holiday for start-ups from three years to seven with a sense of constructive and positive approach, and was awaiting a response. “They (Finance Ministry) have received the recommendation…