United under PayU brand, combined payments powerhouse will reachmore than 30M Indian customers and 200K+ merchants New leadership team brings together deep financial services experience in emerging markets PayU to build on Citrus Pay capabilities, offering breadth of financial services PayU, the …
Start Up India
Ratan Tata invests in food-tech start-up IdeaChakki
IdeaChakki, a food-tech venture, has raised money from Ratan Tata. The Delhi-based start-up, however, did not disclose the quantum raised. The company also partnered with Enablers for their next round of funding. The start-up provides digital video menu for restaurants and allows customers to gif…
LinkedIn launches new product to help small businesses in India
LinkedIn expects to take what it calls ‘Made in India, for India’ products to other markets in the world, the CEO of the professional social networking company said. “There’s a lot of learning from what we are going to do here that we think can be extended elsewhere beyond…
Seven oil PSUs plan to set up Rs 100 cr start-up fund
Seven public sector oil companies—Indian Oil Corp. Ltd, Bharat Petroleum Corp. Ltd, Hindustan Petroleum Corp. Ltd, Gail India Ltd, Oil India Ltd, Engineers India Ltd and Oil and Natural Gas Corp. Ltd—are coming together to launch a Rs.100 crore start-up fund shortly, said three officials who are …
BlackSoil Capital closes its first venture debt deal of ₹15 cr with ‘nearbuy’
India’s largest local commerce platform nearbuy, raises venture debt of ₹15 crore from BlackSoil Capital Private limited. Featuring hyper local offers in segments like food & beverage, spa, salons, wellness & getaways nearbuy allows customers to discover the best things to do around them.…
Affordable beauty service provider Glam Studios raises angel funding
A start-up offering affordable beauty services, Glam Studios, announced on September 12 that it has raised Rs 2 crore angel funding from Pradeep Mirani and existing investors Aqeel Ahmed, Anand Ladsariya, Nitin Agarwal and others. The company said that the funds will be used for expansion, operat…
MobiKwik launches deals on its platform
MobiKwik becomes one stop solution for all deals Users can buy exclusive deals from leading brands such as Big Bazaar, Barista, Relaxo, Smaaash, Aapno Ghar, Central, Himalaya and Burger King from the MobiKwik app and redeem them at merchant locations MobiKwik, a leading fintech company, using inn…
Nandan Nilekani commits 5% assets to start-ups
He started late as an angel investor but Nandan Nilekani, the man behind Aadhaar and a Co-Founder of Infosys, has invested $50 million in 11 start-ups in just over a year and has committed to invest $25 million more. “Investing in start-ups helps me keep my business brain active and these busines…
Indian start-up story is becoming stronger, says IBM’s Chetan Naik
From PC to web to mobile era, IBM has been driving the technology revolution and replicating its success story across markets, including India. Big Blue’s flagship programme called Global Entrepreneurship Programme (GEP) is its biggest initiative currently, enriching the start-up ecosystem. As pa…
Cleartax lines up $5 million for GST tech platform
Fintech startup Cleartax has lined up a USD 5-million investment to develop and roll out systems for Goods and Services Tax (GST) by April 1, 2017. According to a report the Gurugram-based platform has been brought on to the government’s not-for profit entity GST Network as a GST Suvidha Pr…