Start Up India

Zone startups to focus on the ‘zone school of code’

Zone Startups India will focus on the ‘Zone School of Code’ in a bid to provide quality talent to the sector. The accelerator, which was set up by the BSE Institute in partnership with Toronto’s Ryerson Futures Inc, recently secured Rs 3 crore in grant from National Science &…

Indian railways mull incubators to promote start-ups

Indian Railways, owner of India’s largest online e-ticketing marketplace Indian Railway Catering and Tourism Corporation (IRCTC), plans to dive into the start-up ecosystem. With an initial fund allocation of Rs 50 crore, it plans to start incubators where its employees would get assistance to ope…

Second batch of startups graduate from Paypal’s start tank

Online payment major PayPal today announced the graduation of the second batch of startups from its incubation centre Start Tank. The batch comprising of user engagement startup Konotor and HR focused startup PiQube were incubated since November 2014. Set up in Chennai two years ago, Start Tank i…

Freedom.Desi raises seed round

Delhi-based Freedom Smart Labs Ltd has raised Rs 1 crore in seed round from Kapil Goel, Managing Director of retail chain DCS Group. The wifi-based retail solution product Freedom.desi developed by the company helps retail outlets re-target customers. Similar to location based technologies develo…

EduBridge learning raises $2.5 million in series A round

EduBridge, a Mumbai-based skill development platform that provides services to youth in semi-urban and rural areas, raised $2.5 million (Rs 17.1 crore) in a series A round led by Insitor Impact Asia Fund and Acumen Fund. The firm plans to use the money to expand operations to Gujarat, Odisha, Jha…

Peer to peer business loan marketplace Loanzen raises seed funding

Loanzen, a peer to peer business loan marketplace startup, has raised an undisclosed seed funding from Angels through TracxnSyndicate. Loanzen helps businesses which are less than 3 years, or do not have collateral, meet short term cash-flow gaps by offering them short tenor (upto 120 days) loans…

OfBusiness racks up $5m series A round

OfBusiness, a three-month-old online marketplace for business-to-business (B2B) commerce, has raised $5 million in its first round of funding led by Matrix Partners India. The fund-raising comes at a time when the size of series A cheques is shrinking after the highs of last year. Ola’s Co-…