Several restaurants are now backing out from food tech and hyperlocal delivery platforms such as Swiggy and Shadowfax due to high commissions and patchy delivery services. While some restaurateurs said high commission fee of up to 25% on the price of an order charged by delivery platforms has mad…
Start Up India
Start-up to raise resources for better RTE implementation
A group of youths from Kerala, through their start-up venture, have joined hands with a Delhi-based NGO to raise resources for better implementation of Right to Education Act. The start-up titled ‘azadi.in’ provides an online platform to raise resources for legal fees through crowd fu…
ONGC launches Rs 100 crore start-up fund to ignite new ideas
ONGC has launched a Rs 100 crore start-up fund on its Diamond Jubilee year to foster, nurture and incubate new ideas related to oil and gas sector. The initiative, christened as ‘ONGC Start-up’, is in line with the government’s initiative ‘Start-up India’. As part of…
Kotak Mahindra Bank starts Innovation Lab, open to investing in startups
Private sector lender Kotak Mahindra Bank has started an ‘Innovation Lab’ in Bengaluru to tap into the best technology that impacts its operations, and is open to investing in startups, a senior company official has said. “We started an ‘Innovation Lab’ recently whic…
High-speed travel startup keen to take India in loop
Hyperloop Transportation Technologies, a US startup which is hoping to revolutionise travel based on a concept championed by Elon Musk, is looking to India as one of its first target markets and as a source of technology talent, according to senior company executives. HTT, which is based on the i…
Fintech start-up hires from Infosys, Edelweiss
Fintech company EarlySalary.com, a mobile-based firm that gives instant credit, has appointed Vivek Jain from Infosys as its new CTO. He will be based in Pune and lead the technology initiatives for the start-up. EarlySalary had appointed Vimal Saboo of Edelweiss group as chief business officer e…
Agri-marketing start-up uses existing retailers to sell veggies
In a unique model that could bridge the huge gap between farm-gate and consumer prices, an agri-marketing start-up, Sabziwala, has started selling pre-packed, pre-weighed and pre-priced vegetables in west Delhi through street vendors, kirana shops and milk stores. The vegetables procured directly…
Sillicon Valley Company Innovaccer has raised $15.6 million funds
Silicon Valley-based big data startup Innovaccer has raised $15.6 million in series-A funding led by Westbridge Capital Partners. The round also saw participation from other angel investors including former Yahoo Chief Technical Officer Raymie Stata, founder of Route Science Technologies Herb Mad…
Qatar Fund may back RMZ Scion’s co-working startup
A young scion at one of India’s largest commercial space developers is challenging WeWork, a heavily funded US startup focused on technology-enabled shared office spaces and which is finalizing its entry into the country. The 26-year-old Sidharth Menda of Bengaluru-headquartered RMZ Corp is…
FarEye platform stretches as far as Europe & Australia
FarEye, a mobility platform for business operations, has expanded to the Australian and European markets, partnering with Australia-based order fulfilment company National Products Fulfilment and Belgian private postal company TBC Post. FarEye recently closed a Series-A funding round, with SAIF P…