The Bihar government gave its nod for the launch of a Start-Up venture capital fund which will encourage young entrepreneurs in the state to start new ventures. The approval to the Start Up policy, 2016 was given at a meeting of the cabinet presided over by Chief Minister Nitish Kumar. The Start …
Start Up India
Pradhan pitches for funds to boot energy sector start-ups
Oil Minister Dharmendra Pradhan on September 6 urged the public sector undertakings to create startup funds on the lines of private sector in order to promote innovation and nurture new ideas in the energy sector. Pradhan while addressing a conference on methanol economy organised by NITI Aayog s…
Chile grants concession for importing textiles, leather, handicrafts from India
Chile has granted concession for importing transport equipment, pharmaceuticals, yarn of polyester fibres, tyres and tubes, chemicals, textiles, readymade garments, plastic goods, leather, engineering goods, imitation jewellery, sports goods and handicrafts from India. With India and Chile expand…
To give fillip to startups government to double incubation centres
The government has embarked upon an ambitious project of doubling incubation centres in next 4-5 years to give innovation a boost. The Ministry of Science and Technology has also increased by a whopping 450 percent the budget for the start ups and innovation centric initiatives from Rs 40 crore t…
Amazon India considers investment in online food delivery startup Swiggy
Amazon India is considering an investment in online food delivery startup Swiggy and has held several rounds of discussions with the Bengaluru-based startup over the past three months, according to four people directly aware of the ongoing negotiations. Swiggy has also attracted the attention of …
InnoVen Capital extends loans worth $6 million to Capillary Technologies, Simplilearn
Venture debt firm InnoVen Capital India on Sep 6 said it has extended loans worth a total of $6 million to consumer analytics company Capillary Technologies Pvt. Ltd and education technology start-up Simplilearn Solutions Pvt. Ltd. Backed by Singapore’s sovereign wealth fund Temasek Holdings Pvt.…
YAAP Digital acquires Brand Planet Consultants for $3 million
Content marketing start-up YAAP Digital Pvt. Ltd has acquired branding and design company Brand Planet Consultants India Pvt. Ltd in an all-cash deal of $3 million, to expand its marketing technology tools into branding practices such as product packaging and logo designing. The founders of Brand…
Indian smartphone sales to double by 2020: Report
Smartphone sales in India will double to 200 million a year by 2020 but they will be less than half the number sold in China, according to Euromonitor International. The US smartphone market will shrink in the coming years, letting India overtake it in 2018. India will become the world’s second l…
After consumer-centric startups, fund woes hit B2B ventures hard
Consumer-centric start-ups aren’t the only ones struggling to raise fresh funds these days. Business-to-Business (B2B) ventures too are finding it hard to convince investors to back them. Data from Tracxn Technologies show just $433.30 million was invested in B2Bs between January and August this …
Nova Gaming Ventures in talks to raise $5 million
Gurgaon-based gaming platform startup Nova Gaming Ventures is in talks with multiple investors to raise $5 million to fund its expansion plans. The company, which had launched its gaming platform NovaPlay in April this year, is now looking to expand into mobile gaming space, said Amitesh Rao, CEO…