Simpal Mobile Payments and Information Services, a new fin-tech startup founded by former merchant banker Vineet Toshniwal, is amongst the first off the blocks to take advantage of the ambitious Unified Payments Interface platform, launched last week by the National Payments Corporation of India …
Start Up India
International start-up conference in Hyderabad on Sep 3-4
An international start-up conference being held here from September 3 will see 12,000 participants attending workshops and deliberating on a wide range of issues related to emerging companies. The fourth edition of the conference, ‘August Fest’, is being supported by the Telangana Gov…
Axis Bank ties up with Amazon, Visa to help startups in India
Axis Bank has partnered with internet giant Amazon’s Indian arm and also Singapore based Overseas Chinese Banking Corp’s unit to help Indian start-ups with their technology related questions. The Bengaluru based centre called Thought Factory will help Indian start-ups interact with Am…
DIPP plans reality show for startups
A reality show for Indian startups along the lines of Shark Tank is in the offing. The unlikely planner of the show is the Department of Industrial Policy and Promotion (DIPP), which is in the process of conceptualising the programme it wants to air on India’s national broadcast channel Doo…
Net1 to invest $40 mn in MobiKwik, a leading digital payment platform in India
Net 1 UEPS Technologies, Inc. (“Net1” or the “Company”) (NasdaqGS: UEPS, JSE: NT1) today announced that it has signed a subscription agreement with One MobiKwik Systems Private Limited (“MobiKwik”) in India. MobiKwik is India’s largest independent mobile payments network, trusted by over 32…
NearFox raises undisclosed amount in angel round
Local lifestyle content and discovery platform NearFox has raised an undisclosed amount in an angel round where investors valued the bootstrapped venture at Rs 12.5 crore. The round was led by Globevestor Angel Fund and a clutch of other investors including Devendra Rane, CTO at CoverFox, Ravi Ja…
French Tech Ticket woos Indian start-ups to global competition
The deadline for applications to Season II of French Tech Ticket was earlier this week. An initiative of La French Tech, French Tech Ticket is a competition open to early-stage, technology-focussed entrepreneurs worldwide. Season I last year was what a spokesperson termed the “trial” event; but e…
Crowdfunding platform FuelADream goes beyond funding to scale ideas
A Bengaluru-based crowd-funding platform, FuelADream, is trying to help founders with brilliant ideas to raise funds and also scale up their business. Many companies from across the country such as Spero Bikes, a Coimbatore-based electric bike manufacturer, Tiffy Template, a Bengaluru-based trust…
Flipkart, Paytm fund $1 mn to Unacademy
Online learning platform Unacademy has raised $1 million in funding led by Blume Ventures, while entrepreneurs such as Flipkart Co-Founders Sachin and Binny Bansal, Paytm’s Vijay Shekhar Sharma and Freecharge’s Kunal Shah also participated in the round. This is the second round of institutional f…
Large companies open purse for start-ups
The participation of large Indian corporate’s in providing financial backing to startups is growing, and while only firms such as Infosys and Wipro have set up dedicated startup funds, others are tracking disruptive technologies in their own sectors with clearance from their boards to sink …