Chinese investors and technology entrepreneurs are looking to invest in start-ups specialising in areas such as mobile gaming, education, healthcare, financial technology and Internet of Things (IoT) in India. This month, a delegation of investors from nine Chinese venture capital firms visited B…
Start Up India
Wow Express raises Rs 15 crore in a pre-series round
E-commerce Logistics Start-up Wow Express, has raised Rs 15 crore in a pre-series A round of funding led by US-based investors. Existing investor Tamarind Family Private Trust also participated in this round. Co-founded by Jayesh Kamat, Mazhar Faruqi and Sandeep Padoshi, Wow Express started opera…
HDFC Bank begins SmartUp for start-ups in Kolkata
HDFC Bank Ltd on May 13 launched SmartUp, a first-of-its-kind dedicated solution for start-ups in Kolkata. SmartUp is HDFC Bank’s tailored solution to meet all the banking requirements of start-ups, and offers banking and payment solutions, along with advisory and forex services. Launched in asso…
e-Commerce, tech start-ups seen creating 23% more jobs by Sept | Report
The e-commerce and tech start-ups domain will see 23.6 per cent growth in jobs between April and September this year, according to the Teamlease Employment Outlook Report. This is followed by the retail sector, which is set to generate 14.4 per cent more jobs over six months. The e-commerce secto…
NASSCOM says IPR policy welcome step for IT industry & startups
The software industry body National Association of Software and Services Companies (Nasscom) welcomed the National intellectual property rights policy, which was approved by the Cabinet on May 13. Nasscom said it “applauds it (policy) for encompassing the entire value chain spanning across …
Start-ups to join Google class in June
Google announced on May 11, six Indian start-ups would join its Launchpad Accelerator at the tech giant headquarters at Silicon Valley in California in June. This would be the second class of Indian start-ups. They will join 18 promising new companies from Brazil, Indonesia and Mexico. The two-we…
Start-up Raw Pressery to raise $ 20 million
Two-year-old start up Raw Pressery is planning to raise $20 million from the same set of investors since the time it started making cold pressed fresh juices. Having raised $7.2 million from investors such as Sequoia India, Saama Capital and DSG Capital, its next round is expected to be a bigger …
Investors eye health tech start-ups
Even as e-commerce ventures are seeing their valuations go down, healthcare-related tech start-ups are witnessing increasing interest from investors who are betting on higher returns and lower cash burn. HealthifyMe, a health and fitness mobile app, has raised series A funding of $6 million (abou…
Indian Angel Network tops list of start-up funders
Seed and early-stage funding by angel investors has been the lifeline to entrepreneurs to start their ventures. And, leading the list of top 10 angel investors is Indian Angel Network (IAN), an early mover in the sector. Since January 1, 2011, IAN has done 61 investments followed by Mumbai Angels…
Unacademy raises Rs 3.3 crore in funding led by Blume Ventures
Education technology platform Unacademy has raised $500,000 led by Blume Ventures along with a clutch of angels including Google’s Rajan Anandan, CommonFloor founder Sumit Jain and redBus founder Phanindra Sama, among others. “Unacademy’s vision is to distribute knowledge of the…