Before he ventures out to sea in his boat, fifty-year-old K Anjaapuli — who has been fishing for 35 years along the coast of Puducherry — whips out his phone and logs onto an Android app. “After the tsunami of 2004, we got only 1/10th of the harvest we would get earlier. The movement of [&h…
Start Up India
Snapdeal’s ex-CPO Anand Chandrasekaran sees a good deal in these 6 startups
Anand Chandrasekaran, who quit as the Chief Product Officer at Snapdeal a month ago, has announced investments in six startups — Truce, MagicX, Lucideus, LoanCircle, Lernr and Rupeek — and plans to invest in three to five more companies this year. Chandrasekaran has become an active angel investo…
Startup ecosystem in Kerala loses sheen, but hope floats
Kerala was the first off the starting block in India to start an IT park in Thiruvananthapuram way back in 1990. But, the state failed to capitalise on the early start as cities like Bengaluru and Hyderabad soon overtook it in terms of IT exports and employment. Four years after Kerala started it…
Govin Capital to set up startup accelerator India Pune chapter
Singapore headquartered Govin Capital has entered into an agreement with Pune based Seed Infotech to launch the Pune chapter of its Startup Accelerator India. Govin Capital also announced an investment in two healthcare companies, Palash IVF Solutions and CEllBeans Healthcare. Anand Govindaluri, …
Kalaari Capital invests Rs 3.4 crore in cloud security startup ParaBlu
Kalaari Capital, an early investor in online retail companies like Snapdeal and Myntra, has backed cloud security startup ParaBlu as a part of its newly-launched seed and incubation programme — KStart. The VC firm has invested Rs 3.4 crore in the startup, founded by former top executives at McAfe…
JSW ventures gets SEBI nod to fund start-ups
JSW Ventures, the venture capital arm of the JSW Group, has created a corpus of Rs. 100 crore to invest in tech start-ups over the next three years after getting a nod from the markets regulator SEBI. The fund, which was announced last year, has been raised from the company’s internal accruals an…
Nandan Nilekani invests in affordable eye care startup Drishti
Bengaluru-based affordable eye care treatment chain Drishti has raised an undisclosed amount in funding from Nandan Nilekani, former chairman of the Unique Identification Authority of India. Drishti, which offers its services in semi urban and rural regions, will utilise the fresh capital to expa…
Travel startups beat ecommerce marketplaces in funding race this year
Startups in travel business have received more funding than ecommerce marketplaces so far this year, according to data sourced from research firm Tracxn. Travel startups have received $366,450,000 while ecommerce marketplace startups have received $357,831,100 in funding since the beginning of 20…
Govt approves ‘Fund of Funds’ with an aim to generate 18 lakh jobs
The Cabinet on June 22 approved a Rs. 10,000-crore ‘Fund of Funds for Start-ups (FFS)’ with an aim to generate 18 lakh jobs. This is in line with the ‘Start-up India Action Plan’ unveiled by the government in January. “The fund is expected to generate employment for 18 lakh persons on full deploy…
SEBI may scrap planned listing platform for start-ups
The market regulator is reworking its plans for a capital-raising platform targeted exclusively at start-ups after the concept failed to take off a year after it was proposed. Now, the Securities and Exchange Board of India (Sebi) is considering sweeping changes to the listing framework for techn…