Axis Bank has announced the launch of ‘Thought Factory’, an innovation lab facility aimed at accelerating the development of innovative technology solutions, for the banking sector. The innovation hub located in Bengaluru has an in-house innovation team and an accelerator program. The…
Start Up India
Capgemini to partner with startups in India from fields of data analytics, IoT
French multinational Capgemini is looking to partner with startups in India from the fields of data analytics, artificial intelligence and Internet of Things (IoT) and build a bridge for these ventures to enter international markets, a top executive said. As part of Capgemini’s Applied Inno…
Velvetcase.com raises $1.5 million in second round of funding
Online jewellery marketplace VelvetCase.com has raised $1.5 million in a second round of funding led by Uniqorn Ventures Fund, with participation from investors TV Mohandas Pai and S Somasegar through online deal-making platform LetsVenture. VelvetCase will use the money to expand its technology,…
Virat kohli starts new venture Stepathlon to tackle fitness issues affecting kids
Fitness is the next rising industry in the startup space, given the amount of investor interest they are seeing both from celebrity cricketers and well-known entrepreneurs. Cricketer Virat Kohli on June 28 kicked off a new fitness venture in a joint venture with Stepathlon Lifestyle. The venture,…
Entrepreneurs launch web series, online reality programme
When digital entertainment startup TVF Media Labs launched a comedy series on YouTube called ‘TVF Pitchers’ in June last year, exploring the lives of young entrepreneurs, it was quick to get about 1.5-crore views. Ever since, entrepreneurs, bitten by the startup bug and enterprises se…
Amazon reaches the cloud to shower start-ups with data
One of the world’s biggest providers of cloud computing services in the world, Amazon Web Services (AWS), launched two data centres in Mumbai on June 28. The new AWS Mumbai Region consists of two separate Availability Zones, data centres in distinct locations within a single region that can funct…
IoT startup Locanix raises Rs 2 crore
Ahmedabad-based logistic IoT startup, Locanix has received a funding of Rs 2 crore from investors including senior executives at investment bank Goldman Sachs and technology company Cisco. “The money will be used for further scaling up,” said Ruchit Surati, Co-Founder, Locanix. The th…
YourDost just landed Rs 8 crore
YourDOST, an online counselling and emotional wellness platform, has raised $1.2 million (approx Rs 8 crore) in a pre-series A round led by SAIF Partners with repeat participation from seven angel investors — Venk Krishnan (NuVentures), Subbarao Telidevara (NuVentures), Phanindra Sama (Redbus), A…
DIPP to handhold startups, put them in touch with government
In a conversation a few months ago, Petroleum Minister Dharmendra Pradhan sought commerce Minister Nirmala Sitharaman’s help in collecting used oil at an industrial scale, which can be recycled and put to use again. The trend of recycling used oil from restaurants and homes that can be recy…
Here is a ‘speed-dating’ opportunity for startups with venture capitalists
Following highly successful conferences over the past 5 years in Singapore, Jakarta and Tokyo, Tech in Asia, the online hub for Asia’s tech community, is bringing its conference formula to Bangalore, the epicentre of India’s tech ecosystem. Held on July 6-7 at Manpho Convention Centre, the confer…