Shripad Nadkarni, a former marketing head at Coca-Cola India, has teamed up with three other former executives of major consumer goods firms to set up food startup Fingerlix which will sell fresh, ready-to-cook foods such as curries, batter and mixes. “The ready-to-cook sector is a white sp…
Start Up India
Smartbox in talks to raise $10 million
Delhi-based start-up Smartbox, which provides online shoppers with a secure way to pick up their parcels from ATM-like terminals at a convenient location and time, is in talks to raise its first round of funding of $10 million from domestic and international investors. With an installed base of 1…
Only 5-10% start-ups globally will become large | Kris Gopalakrishnan, Infosys Co-Founder
Infosys Co-Founder and former CII President Kris Gopalakrishnan on July 18, said almost seventy per cent of start-ups globally will fail and only five to ten per cent will become large and scale up. “Almost seventy per cent of start-ups will fail. About 20 per cent will survive but will not…
RentoMojo receives $5 mn funding from Accel, IDG Ventures
Online rental solutions company RentoMojo has raised funds of $5 million in a first strategic round (Series A) from IDG Ventures and Accel Partners. The funds raised will be used to further strengthen the product and data driven structure within the company, it said in a statement here on July 18…
‘Ads Jack’India’s first ever app launched to bridge gap between advertisers & viewers
E Mind Computing released India’s first ever incentive based app ‘Ads Jack’ for Android phones. It is an innovative digital marketing application, loaded with informative, innovative and interesting ads. Ads Jack is a complete user engagement platform, where viewers can browse through the product…
SRI Capital adds to its SaaS startups, invests $1.3 million
Serial entrepreneur Sashi Reddi, through his seed-stage venture capital fund SRI Capital, has invested $1.3 million in two SaaS startups — Yellowdig in Pune and Zuppler in Delhi making it a total of 15 SaaS startups in his current portfolio of 23 companies. Reddi believes that enterprise software…
Dreamworld Digital in talks with private equity companies to raise upto $5-6 million
Ecommerce startup Dreamworld Digital, which runs online retail store BollyWoo.ooo focused on Bollywood fashion and trends, is in talks with three leading private equity players to raise $5-6 million, Founder Vinayak Kalani said. The company wants to use the funding to expand from apparels busines…
Hyderabad-based startup Smartron ties up with Sachin Tendulkar, bats for IoT
Smartron India, a leading technology OEM company and an Internet of Things (IoT) startup, recently announced a new innings with cricket legend, Sachin Tendulkar. Besides being the brand ambassador of Smartron, Sachin is also a strategic shareholder in the company thus making it his first investme…
Ford invests in startup making maps for robotic cars
Ford Motor Co is among five investors providing $6.6 million in seed funding for Civil Maps, a California startup that creates three-dimensional maps for autonomous cars. The other participants are Motus Ventures, Wicklow Capital, StartX Stanford and AME Cloud Ventures, a fund led by Yahoo! Inc. …
Dhoni’s brand Seven grosses over $2.5 million in three months
Star cricketer MS Dhoni-backed footwear and apparel brand Seven has crossed $2.5 million in turnover in the first three months of its operations, said a top company executive. Chairman of Rhiti Group Arun Pandey said the company is targeting a turnover of $10 million in the domestic market and $3…