Kerala’s IT industry was initially apprehensive when the Left Democratic Front won a clear mandate in the recent elections to the state Assembly. The earlier Congress-led government had created a momentum in the state for young entrepreneurs through its IT-telecom incubators and proactive student…
Start Up India
Sunil Munjal, Harsh Mariwala lead Rs 82 crore funding round in Nykaa
Nykaa.com, an online luxury beauty retailer founded by investment banker-turned entrepreneur Falguni Nayar, has raised Rs 82 crore in a fresh round of fundraising led by Sunil Munjal and the Mariwala family, cementing interest from affluent Indian families in a rapidly growing ecommerce market sp…
Facebook launches 3 new solutions to help small businesses
Social media giant Facebook on September 8 launched three new solutions to help small businesses become large and local businesses become global. Businesses can now use `Lookalike Audiences` tool to reach customers in new countries who are similar to their existing ones, Facebook said in a statem…
Zuckerbergs lead $50 mn investment in BYJU’s
Facebook founder Mark Zuckerberg’s investment arm for education and healthcare, the Chan Zuckerberg Initiative, has made its first investment in Asia in BYJU’s, a Bengaluru-based education technology firm. The $50 million commitment saw funding from investors such as Sequoia Capital, …
Gurgaon’s Burger Singh raises extra funds for expansion
Gurgaon-based fusion burger chain Burger Singh has secured additional investment taking the total fund raise to USD 1 million. The company plans to use the proceeds of the investment to expand beyond south Delhi and Gurgaon. As part of larger expansion strategy, owner of the chain Tipping Pink pl…
TopRankers raises Rs 4.5 cr from Careernet Consulting
Digital education portal TopRankers on September 8 announced that it has raised Rs 4.5 crore from Careernet Consulting and Ideation Initiative Pvt. Ltd. The company will use the funds for improving technology and geographic expansion in India. Founded by Gaurav Goel, Malay Sarkar, Mehbub Hussain,…
Health start-up AlternaCare raises funds from Eros Labs
InfraDigital Technologies Pvt. Ltd, the operator of health-technology start-up AlternaCare, raised $500,000 in seed funding from Eros Labs, the company said in a statement on September 7. The start-up plans to allocate funds towards product development, team expansion, marketing and geographic ex…
Ed-tech start-up Makkajai Edu Tech raises $250,000
Ed-tech start-up Makkajai Edu Tech Pvt. Ltd on September 7, said it has raised $250,000 from Ananth Narayanan, Chief Executive of Myntra; Anand Chandrasekaran, former Chief Product Officer of Snapdeal; Mekin Maheshwari, former Chief People Officer of Flipkart; Ravi Garikipati, Head of Engineering…
Hardware start-ups gaining traction, say experts
There hasn’t been many hardware start-ups launched in India because of lack of funding, proper ecosystem and mentorship, experts said. The scenario is, however, gradually changing with companies such as Grey Orange Robotics being able to raise funds. The company provides automated on-demand robot…
Indian start-up beats big firms in wearable battle
GOQii, a health care start-up, has grabbed the number one position in the wearables segment for the second quarter of calendar year (CY) 2016 with 16.1 per cent market share, leaving China’s Xiaomi behind, the latest release from International Data Corporation (IDC) said. The gain in GOQii&…