Start Up India

Incubators face penalty if start-ups fail innovation test

The Department of Industrial Policy and Promotion (DIPP) on March 31 said that if an incubator or funding body certifies a start-up as fit to receive government incentives without proper examination or without satisfying itself about the innovative nature of the business, it will be blacklisted f…

Vista rooms to enter five new countries by 2016-end

Budget hotels aggregator Vista Rooms is embarking on an international expansion with plans to enter five new countries by the end of this year. The startup, which has forayed into the Sri Lankan market, is seeking to respond to interests from its customers in certain international destinations. &…

Dedicated portal to make registration of startups easy

Startups will now be able to get themselves registered online in a day to avail of all the incentives through a dedicated portal and a mobile application for the same will be launched this week. The Department of Industrial Policy and Promotion (DIPP) has developed the portal to provide all infor…

IBM, Kalaari partner to promote startups

IBM has partnered with start-up incubator Kstart, an initiative of Indian venture capital firm Kalaari Capital, to offer training and mentoring sessions to Indian start-ups. Kstart’s entire roster of seed-stage portfolio companies will have the opportunity to apply for the IBM Global Entrepreneur…

Local information provider CityShor gets Angel funding

Lifestyle start-up CityShor has received angel investment from Gujarat Angel Investors Network (GAIN). Launched by entrepreneurs Pallav Parikh and Pankaj Pathak in 2013, the start-up provides information on local products, places and things to do around the city. CityShor also provides a platform…

Delivery startups explore additional income streams

With investors turning increasingly cautious, hyperlocal delivery start-ups are exploring additional revenue streams such as advertisements and promotions to try and mitigate the impact of losses incurred by their core offerings. Shadowfax Technologies Pvt. Ltd and Opinio (Moonshots Internet Pvt.…

Robin Uthappa has HealthEminds on healthcare tech startups

Indian cricketer Robin Uthappa has invested an undisclosed amount in a healthcare technology startup HealthEminds through his fund Caffeine Ventures. The company, founded by entrepreneur and former investment banker Ankita Puri and Yale-trained cardiologist-entrepreneur Sunita Maheshwari, focuses…

Veritas Finance raises Rs 30 crore from Sarva Capital

The Chennai-based Veritas Finance said it has raised Rs 30 crore from Sarva Capital in A series funding. The funding will help the Tamil Nadu and Puducherry-focused company to fuel their expansion plans and diversify their product and services. It will get a board position for Venky Natarajan, Ma…