Edugild, India’s first edtech startup accelerator has signed a collaborative Memorandum of Understanding with Cambridge University Press (CUP) India to jointly support the development of an edtech startup ecosystem in the country. Rishi Kapal, CEO, Edugild said, “Edtech is core to Edu…
Start Up India
Private banks keen to play venture capitalists to startups
Top private sector banks with deep reserves are now playing venture capitalists to startups at a time when startup valuations are sliding and angel investors have become more cautious than before. ICICI Bank , HDFC Bank and Axis Bank have formed separate lending teams to fund small startups, main…
SEBI plans to relax start-up listing norms by next month
To make start-up listing platform more attractive, regulator Sebi plans to relax norms by next month to help them tap this avenue for raising funds as also to give an easier exit opportunity to their existing investors including from abroad. The platform is aimed at providing easier exit options …
30 Innovation-led start-ups felicitated under DST-Lockheed Martin IIGP
NEW DELHI, 3 June 2016: Thirty innovation-led start-ups were recognized and felicitated 3 June 2016 under the 10th year of the DST-Lockheed Martin India Innovation Growth Programme. The innovation awards were given away by Amitabh Kant, Chief Executive Officer, NITI Aayog. With the current gove…
Alipay and Paytm go to local stores to hard sell e-wallets
Chinese payments company Alipay and Indian partner Paytm said they aim to increase adoption of digital wallets by small store owners in India and China this year. As a part of the initiative, Alipay said it is offering Paytm its technological capabilities and risk management systems to help it gr…
Uber plans major investment in India operations
Online cab aggregating platform Uber Technologies, which raised $3.5 billion on June 1st 2016 from Saudi Arabia’s Public Investment Fund, is likely to invest a substantial portion of this fund in Indian operations. This is likely to intensify the competition in the growing online taxi market in I…
Boston’s Romulus Capital picks up Vyome Biosciences in maiden India deal
Boston-based early stage investment firm Romulus Capital has closed its maiden India deal by backing Delhi-based Vyome Biosciences, a biopharma firm which makes pharmaceutical and consumer care products for skin conditions. The investment by venture capital firm, which was founded by Krishna Gupt…
Fastfilmz to help users to send high quality movies without data to other users
Fastfilmz , a startup engaged in regional film streaming, has patented a technology that would help users of its mobile app to send high definition movies to their friends with close to no data usage and no Bluetooth in just about 10 seconds. It will be launched as an additional feature within 10…
Mobikwik to offer 6% annual return to wallet users
Fin-tech company MobiKwik said it will offer 6 per cent annual interest on the account balance to its mobile wallet users. The company, which competes with Alibaba-backed Paytm, has over 30 million wallet users in the country. MobiKwik claims it is growing at 250 per cent per year and expects to …
‘Google Tax’ to impact start-ups
The equalisation levy or popularly known as ‘Google tax’ which came into effect from June 1 is set to have an impact on the operations of Indian start-ups with higher financial burden and administrative overload. Start-ups which are highly dependent on online platforms like Google, Facebook, Twit…