The National Association of Software and Services Companies (Nasscom) has launched a Centre of Excellence — Internet of Things (CoE- IoT) at its start-ups warehouse in Bengaluru. The CoE will focus on leveraging IT strengths and creating a new age industry with the support of IoT-based ideas. Mul…
Start Up India
Policy initiative required for Indian app market to grow
Government policy needs to be aligned with the application development market in India so as to enable them to take a leadership position and maximize the revenue of this vertical. Currently, India is the world’s second largest user of applications and 2017-18, the country is expected to have the…
‘Don’t Scratch Your Head’ gets Rs 1.68 crore investment from VCats
Venture Catalysts (VCats) has invested $250,000 (about Rs 1.68 crore) in ‘Don’t Scratch Your Head (DSYH), a SaaS-based logistics reconciliation platform for e-commerce channels. Gaurav Singhvi, Managing Partner – VCats Surat and Mumbai-based Zaffiro Ventures have made the invest…
NFX Digital bags funding of Rs 6.6-crore, IAN leads
Indian Angel Network (IAN), the country’s oldest and largest angel investor group, has led a $1-million (Rs 6.6-crore) funding round in NFX Digital, which owns and operates gamified consumer insights portal, Adytude. com. While the terms of the investment were not disclosed, IAN member Vika…
Hyderabad-based fintech start-up lets you get a loan in a minute
Does the notorious credit scores and unending list of documents worry you while applying for a bank loan? A Hyderabad-based fintech start-up says now one can forget all that and tap their ‘social’ score to get a loan. Customers can get a ‘need loan’ in flat one minute — at any time of the day [&h…
Startup India hub resolves over 12,000 queries in three months
The Startup India Hub has been able to resolve over 12,000 queries received from startups since it began operations in April this year, the government said on July 6. “The hub has been able to resolve 12,290 queries received from start-ups through telephone, e-mail and twitter,” the U…
Copper-Titanium alloy to be made first time in India by a Pune startup
Under the aegis of the DRDO-FICCI Accelerated Technology Assessment & Commercialization (ATAC) initiative DRDO concluded a technology-transfer process for its indigenously developed Copper-Titanium technology to Pahwa Metal Tech Private Limited (PMTPL), a Pune-based startup founded by industr…
T-Hub, aeries technology ink MoU for ‘fault-tolerant server’ for startups
India’s largest incubator T-Hub signed an MoU with Aeries Technology Group, a global services company offering technology, BPM and outsourcing solutions, for “fault-tolerant server” and software technology for start-ups to host and test their applications. According to a stateme…
InnoVen Capital clocks Rs 82 crore deals in first quarter
Temasek-owned InnoVen Capital has struck deals worth Rs 82 crore in the first quarter of the current fiscal, as the venture debt firm looks to make deeper inroads into Asia’s third-largest economy and rapidly-maturing startup ecosystem. InnoVen Capital, which is also backed by Singaporean m…
Mumbai-based firm SpectraVR raises undisclosed amount as seed funding
Mumbai-based virtual reality content studio SpectraVR has raised an undisclosed amount as seed funding from US-based technology venture capital firm Rothenberg Ventures for its expansion plans. The startup specialises in producing high-end, 360-degree videos and animated interactive virtual reali…