NephroPlus, India’s largest dialysis service provider network, August 24 announced that it has raised Rs.100 Crores in Series C funding led by SeaLink Capital Partners (SCP) and International Finance Corporation (IFC, a member of the World Bank Group). Heramb Hajarnavis, Managing Partner, SeaLink…
Start Up India
Microsoft buys artificial intelligence startup Genee
Software giant Microsoft has bought a smart scheduling app Genee, as part of its effort to embed Artificial Intelligence (AI) to compete with the likes of Google Now and Apple. The start-up, which was founded in 2014, will shut down its service on September 1. The financial terms of the deal were…
In a first, FullContact buys startup village firm Profoundis
FullContact, a US-based provider of contact management platform, announced the acquisition of Profoundis, a Startup Village (SV)-based provider of technology enabled human verified data research platform. This is the first-of-its-kind acquisition in Kerala’s start-up community. FullContact’s purc…
Big plans for tech startup Beyond Evolution
Beyond Evolution, a technology solutions startup which recently launched its internet of things (IoT) based home solutions, has received an undisclosed amount as seed funding from investors including former Micromax CEO Vineet Taneja and Kamal Puri, Chairman of UAE’s Skyline Group. “T…
Odisha to help set up 1,000 startups in five years
The Naveen Patnaik government in Odisha on August 23 cleared a startup policy that it plans to launch later this week at an investor meeting in Bengaluru. Patnaik is hoping to get his state among the top three in the race of competitive federalism pushed by the central government. The state cabin…
Startups, Govt begin work on affordable cure for the poor
For dialysis patients in rural areas, a ride to the nearest city hospital for treatment is usually a trying one. But a state in southern India is now ensuring that it is no longer part of the deal, with a little help from a startup. The Andhra Pradesh government recently tied up with dialysis pro…
Investors in medical devices park promised built-up space
Investors in India’s first dedicated medical devices manufacturing park coming up at Nadupuru village near Visakhapatnam Steel Plant have been promised up to one acre of land each with 80 per cent built-up area. As of now, officials said, they had acquired over 200 acres with a promise to increas…
UK technology group keen to collaborate with Indian start-ups
Keen to collaborate with technology experts and start-ups in India, UK-based tech group Tech London Advocates (TLA) organised a workshop in Bengaluru on medical technology to detail how invention from the lab can be taken to global audiences through market collaboration. Members deliberated on pa…
North East sets up venture capital fund for startups
To encourage start-up ventures in the northeast region, the NEDFi in collaboration with the Ministry of DoNER, is setting up the “North East Venture Fund”, a dedicated venture capital fund for the region. The size of the fund would be Rs 100 crore which would be contributed by M-DoNER…
India world’s third biggest tech startup hub: Study
India is home to the third largest number of technology driven startups in the world, with the US and the UK occupying the top two positions, according to a report. The study, done by Assocham in association with Thought Arbitrage Research Institute, also revealed that Bengaluru is host to the la…