Talent recruitment firms are scouting for business from smaller start-ups that have recently raised funds to fuel growth, diversifying away from larger consumer Internet clients that have frozen hiring amid a funding slowdown, industry executives said. Talent recruitment firms such as Wenger &…
Start Up India
PremjiInvest is eyeing a stake in Lenskart now
Wipro Chairman Azim Premji’s family office, PremjiInvest, is in advanced talks to pick up a stake in Lenskart Solutions, which owns and operates eyewear-focused venture Lenskart, according to two people familiar with the development. The investment by PremjiInvest is part of the new round o…
Nykaa.com to raise Rs 80 cr, aims to double sales by fy18
Online beauty retailer Nykaa.com is in talks to raise Rs 80 crore by end of 2016 to push growth as it aims to double sales to Rs 720 crore by 2017-18. “We are in advanced talks to raise Rs 80 crore. We are looking at diluting 10 per cent equity and expect to close the funding […]
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Grofers makes a move towards retail trading
Grofers has filed an application with the department of industrial policy & promotion, seeking “approval to undertake trading, including through e-commerce in food products manufactured or produced in India” Grofers, the on-demand delivery service, has also applied for a retail trading licen…
Metropolitan bourse to help SMEs, startups list
The Metropolitan Stock Exchange of India (MSEI) August 20, 2016 said it will provide a facility to help small and medium enterprises (SMEs) and startups access regulated financial markets. The move is in collaboration with the SME Chamber and would allow SMEs to access asset classes like currency…
Fintech venture Digio raises Rs 2.5 crore from Zerodha
Bengaluru-based financial technology start-up Digio has raised Rs. 2.5 crore (approximately $400,000) from early-stage fund Rainmatter. Rainmatter is the in-house incubator run by discount broker Zerodha. Nithin Kamath, founder and CEO, Zerodha, will now be on the Board of Digio. Digio, Founded b…
Wipro puts $1.5 million in Israeli cybersecurity startup
Software exporter Wipro has picked up a minority stake in Israeli cybersecurity startup IntSights Cyber Intelligence for $1.5 million, months after the Bengaluru-based firm invested in Israeli venture capital firm TLV Ventures. In a statement to the stock exchanges, Wipro said that it has picked …
An ecosystem where start-ups help other start-ups
When start-ups begin, it’s akin to Joseph Campbell’s mythical hero’s journey. Instead of battling hydras and gorgons alone, entrepreneurs often help each other face obstacles like entrenched markets, financing and abject fear of failure. It is a symbiotic relationship that makes…
DIPP to set credit fund norms for startups
Startups are one step closer to being able to borrow money, with the Department of Industrial Policy & Promotion (DIPP) given charge of framing guidelines for a credit guarantee fund for them. “Earlier, the matter was being dealt with by the department of finance. We have started the wo…
Cuberoot technologies, Buttercups & Salebhai.com raise funding
Cuberoot Technologies, Buttercups and salebhai.com have raised funding from investors recently. These start-ups are engaged in fields ranging from data technology to e-commerce. We bring you the details involved: Cuberoot Technologies raises nearly $0.5 million in funding: Cuberoot Technologies, …