Bengaluru-based digital marketing startup MintM, has raised a pre Series-A funding of undisclosed amount led by Mumbai Angels and Times Internet, with participation from a clutch of angel investors, for its cloud based smart signage solution. The product ‘Magnet’ is a cloud-based resp…
Start Up India
Ajay Piramal buys ‘marginal’ stake in Chennai-based cab aggregator Utoo
Billionaire investor Ajay Piramal has bought a ‘marginal’ stake in Chennai-based cab aggregator Utoo, the company’s promoter C Sivasankaran said on July 11. Utoo, which was launched just over a month ago to compete against Ola and Uber, has been valued at Rs 1,000 crore, Sivasan…
SirionLabs secures $12.25 million in Series-B funding led by Sequoia India
SirionLabs, the supplier management technology products startup, has secured $12.25 million (approx. Rs 81.5 crore) in a Series-B fund raising led by existing investor Sequoia India with participation from QualGro Asean Fund and Canopy Ventures. The funds will be used to support expansion and R&a…
WhatsApp Co-Founder invests in India-bound Trak N Tell
Gurgaon-based car tracking telematics solutions startup, Trak N Tell, has raised an undisclosed sum of funding from a group of investors, led by WhatsApp Co-Founder Brian Acton. While the terms of the Series-A round were not disclosed, Acton, along with two other investors, whose names have also …
Purplle to close $6 million Series-B round
Purplle, an IvyCap Venture-backed online marketplace for beauty products and spa and salon services, is closing a Series-B round of around $6 million with participation from JSW Ventures, existing investors and another investor who’s likely to join in. The company will use some part of the …
Start-ups set to reach new peaks: IT Secretary
Start-ups in India are set to scale new peaks going forward, according to Jayesh Ranjan, Secretary, Information Technology and Communications, Government of Telangana. He was speaking at the second convocation of Woxsen School of Business held here on July 9. The world of start-ups is becoming yo…
Gupshup to launch bots to customise workflow for SMEs
Bot builder platform Gupshup plans to introduce templatised bots in a bid to make them accessible to small and medium businesses. A bot is a software application that can run automated tasks on the Internet. They are being deployed by businesses to replace basic customer interactions. Over the ne…
SIDBI readies money for more startup funds
The Small Industries Development Bank of India (Sidbi) is set to review ten proposals from alternative investment funds seeking a commitment of Rs 675 crore from the Fund of Funds for Startups (FFS) announced by PM Modi in the Startup India Action Plan. Sidbi’s Venture Capital Investment Co…
Indian startups can tap North America with this contest
Friday, July 8: Mumbai based Zone start ups along with the Government of Ontario, Canada has launched ‘The Next BIG Idea’ contest. This is an opportunity for tech startups from India, to tap into the North American market. The contest selects 5 hi-tech, hi-potential startups at an early stage, an…
Retail consumer-focused online start-ups from India now expanding overseas
The retail consumer-focused online start-up companies from India are now expanding overseas and getting into markets where similar opportunities exist. The online companies from healthcare, financial services and education sectors after establishing their presence in India are now expanding into …