Flooded with over 400 calls a day at the recently launched Startup Hub, the government is scaling up big time to deal with the deluge of budding entrepreneurs. The Department of Industrial Policy and Promotion (DIPP) has started mapping incubation centres across the country to extend help to busi…
Start Up India
Startups allow users to sell off their luxury possessions
Not sure about what to do with that Karen Millen dress or Louis Vuitton shoulder bag that has been remaining in your wardrobe unused for long? How about selling it off to make some quick money? As the aspirations of the millennial crowd explore newer horizons, luxury products find their way somet…
Atlanta healthcare plans to raise $1.5 million
Air purifier start-up Atlanta Healthcare is seeking investments from bigger players, as it plans to raise $1.5 million as part of Series A funding. “There is interest from international players who want to enter India and piggyback their offerings, and might even invest in us. We seek new investo…
Self-drive service targets 14 cities for expansion
DRIVEN by you (DRIVEN.in), a service provider in the self-drive and ride rental space, has firmed up plans to expand to 14 cities in a phased manner. The start-up currently operates in Hyderabad, Vijayawada and Visakhapatnam. In Phase-1, it plans to roll out its services in Chennai, Bengaluru, Go…
India Aspiration Fund needs to be at par with NIIF
The India Aspiration Fund (IAF), set up to boost the startup ecosystem in the country should be moderated on the lines of NIIF, which funds up to 49 per cent of the capital requirement, head of Bank of Maharashtra said today. “The MSMEs have the equity problem. But a solution has been broug…
Start-up fashion portals plan international expansion
Startup luxury fashion portals Darveys and Confidential Couture are planning to raise funds and are also eyeing international expansion, their founders said. Darveys.com is a members only fashion portal founded in 2014, which sells clothing and accessories of several global brands, including Fend…
Gennext Hub, Invest Ottawa team up to connect India, Canada
GenNext Hub, a Reliance Industries Ltd-backed startup program, entered into a partnership with Invest Ottawa on April 20 to create a bridge to engage innovative startups from India and Canada. For starters, they have inked a Memorandum of Understanding (MoU) that includes co-branding, events invi…
20% of all applications received from smaller towns | Startup Expo
The Indian startup revolution is not limited to metros anymore; one-fifth of applications for a Startup Expo being organised by Lufthansa Airlines and The Indus Enterprise have come from smaller towns. Out of 34,000 applications for the one-day expo in Gurgaon this weekend, about 20% came from to…
Nazara Games picks up 26 percent in mastermind sports
Nazara Games has picked up a 26% stake in London-based mobile gaming startup Mastermind Sports. This is its second investment after it put in an undisclosed amount in the London-based firm Truly Social, which focuses on women centric games. Mastermind Sports, founded in 2014, is a gaming studio w…
Sport merchandise start-up Zeven to open brand stores
Home-grown, multi-sport, footwear and apparel start-up Zeven, which went live with its e-commerce site Zevenworld.com in January, is preparing to open four exclusive brand stores this year. Targeted at the 16-80 age group, Zeven is adopting an omni-channel approach to reach its customers. The fir…