In a dimly lit auditorium, three groups were called on to the stage to polite applause. Electronic music, with the bassline turned up too high, reverbed through the speakers. A couple of them smiled as they held their award to the flashlight of two cameras. Orange, which was the hallmark colour o…
Start Up India
RBL Bank launches dedicated branch for startups
RBL Bank (formerly Ratnakar Bank) will open specialized branches for start-ups offering a bouquet of banking products to service their end-to-end needs. The first such branch was opened by the bank today at Koramangala in Bengaluru, home to several budding start-ups. The dedicated branch will ass…
Target India kick starts fourth batch of start-ups
US retailer Target Corporation announced its fourth batch of startups for its accelerator programme through which it mentors start-ups that work in tandem with the retail space relevant to Target’s business. While the earlier batches focused on themes around retail including, personalisatio…
Angel fund invests in Fashalot
Fashalot, a location-based fashion and store discovery mobile platform has raised an undisclosed amount of funding in a round led by YourNest Angel Fund and investor Rajul Garg. The startup plans to invest the funds in product development, hiring top level talent and accelerating business growth …
White Unicorn Ventures plans $20-million fund
White Unicorn Ventures plans to raise a $20-million fund to invest in earlystage startups and spend up to $5 million by the end of 2016, five times as much as it did last year. “We are looking at foreign partnerships for the $20-million fund,” said Rohit Chokhani, Principal Founder of…
Grofers fruits & veggies under ‘Freshbury’
Grofers, the food and grocery hyperlocal, is tweaking its business model to a partly inventory-led one, CFO Ashneer Grover told. The company has decided to sell fruit, vegetables and staples under a private label — Freshbury — and these will be sourced from Grofers India’s sister concern. Grover …
Introducing fuel a dream, a crowdfunding platform to fund creative ideas and causes
Crowdfunding is becoming an increasingly popular way to raise money for innovative ideas and social causes. It is so convenient: just sign up with a high-quality crowdfunding platform, pitch your ‘story’/ idea there, leverage the power of social media to drive traffic to your campaign, and poof, …
Lufthansa ‘Runway to Success’ with mentorship camp
Lufthansa’s fourth ‘Runway to Success’ – mentorship camp will take off on April 22, 2016 to empower budding entrepreneurs in Ahmedabad. The camp jointly organised with The Indus Entrepreneurs (TiE) is an extension of Lufthansa’s Runway to Success, an initiative aimed…
Logistics start-up LetsTransport to expand
With e-commerce and consumer goods space picking up, Bengaluru-based logistics start-up LetsTransport plans to expand its operations to 10 cities this year. Pushkar Singh, Founder of LetsTransport, told that the venture plans to expand into 10 cities this year with a focus on industrial towns. It…
Bitcoin trading start-up Coinsecure raises $1.2 million
Indian bitcoin trading platform Coinsecure has raised $1.2 million as part of its ongoing Series-A investment round from an undisclosed investor. The company opened the fund-raising round earlier in January this year and expects to close a total of $5-million funding soon. The start-up had also r…