Pitching as a new start-up haven, India’s youngest state Telangana has been trying to emerge as a base for budding companies in the country. Looking to keep the momentum alive on generating home-grown entrepreneurs, the government is planning an event similar to Prime Minister Narendra Modi…
Start Up India
U2opia Mobile to invest over $3 mn in startups
Telecom solutions provider U2opia Mobile will invest $3 million (around Rs 20 crore) over the next three years to fund startups working on scalable mobile technology. Under its Catapult programme, in the first year, U2opia will invest in five-six companies that have about 2-4 members. The program…
Patent office issues guidelines for startups
Indian Patent Office has issued guidelines for facilitators and startups with respect to filling and processing of applications for patent, designs and trade marks aiming to encourage budding entrepreneurs and boost innovation. As per the guidelines, a startup willing to file a patent application…
Paytunes raises $500,000 from IAN, CIO Angels
Mobile advertisement platform, PayTunes said it has received a funding of $500,000 from Indian Angel Network. The pre-series A round also saw participation from PayTunes’ existing investor, CIO Angel Network as well as Apurva Parekh from Pidilite and Sanjay Mehta. Vishal Khare and Rajeev Ar…
Ratan Tata picks stake in e-ticketing start-up Kyazoonga
Chairman Emeritus of Tata Sons, Ratan Tata, has continued with his investments into India’s burgeoning start-up space. On June 10, he announced an investment into e-ticketing company Kyazoonga, without disclosing the financial details. Together, Tata has now crossed over 30 investments in start-u…
Telecom entrepreneur C Sivasankaran drives into crowded taxi space with UTOO
Telecom entrepreneur C Sivasankaran, a Chennai-born transnational businessman known for building a large empire of diverse businesses, will soon be driving into the crowded app-based taxi aggregation market with the launch of UTOO Cabs. The national launch of UTOO Cabs, slated for June 10 from Ch…
TVS Automobile Solutions invests in three startups
TVS Automobile Solutions June 10 announced it has made investments in three startups (e-commerce, BIG DATA / Analytics & CRM and Internet of Things) to form a start-up ecosystem for its digital initiatives where it will provide digital business solutions to vehicle and component manufacturer…
IIMB, IIIT-B sign pact to mentor tech startups
The Indian Institute of Management Bangalore (IIMB) and the International Institute of Information Technology Bangalore (IIIT-B) signed an agreement Friday to share expertise in the areas of technology and management with respect to startups incubated on their campuses. The institutes will work t…
Indian Angel Network invests $200,000 in tech-focused fashion talent venture 6Degree
Indian Angel Network (IAN), the country’s oldest and largest angel investor group, has invested $200,000 in fashion talent and tech startup 6Degree . In an official statement released on June 8, 2016, 6Degree said it will use the proceeds from the round to enhance its technology and to expa…
Parenting startups becoming more verticalised
Parenting startups are becoming more and more verticalised with those in the parent advisory and infant health technology space mopping up much of the seed capital. “In the past six months, we have seen over a dozen parenting startups emerge in two verticals. The advisory firms are creating…