The Ministry of Petroleum and Natural Gas plans to offer financial partnerships to start-ups in the oil sector to give a boost to the ‘Startup India’ initiative. “All oil Public Sector Undertaking units (PSUs) will invest and provide financial partnerships to start-ups engaged in exploration and …
Start Up India
Ratan Tata, US varsity to invest in Indian Start-ups
The private company of Tata Group doyen Ratan Tata will jointly invest with the $100-billion investment arm of the University of California, in start-ups and companies in India that focus on the segments of mobile telephony, energy, health care and emerging technologies. The investment cycle woul…
Tech Mahindra’s in-house startups may raise external funds
Tech Mahindra, the IT arm of Mahindra Group, expects two of its in-house startups to raise external funds by the end of 2016 as part of its plans to turn these entities into standalone companies. “Saral Rozgar and Microgrid could raise external money by the end of this year. We have seen so…
Startup contest to be launched
The Department of Industrial Policy and Promotion is launching a contest for startup ideas in partnership with Qualcomm in the run-up to the Make in India Week to be held in Mumbai this month. The winner will be announced at the end of the Make in India Week and will get an equity investment of […
‘Startups’ with social entrepreneurship have wider impact: Dr. Jitendra Singh
The Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh inaugurated the “School for Social Entrepreneurs” (SSE) . In his inaugural address, Dr. Jitendra Singh st…
Delhi-based startup MyOperator ties up with Lenskart
MyOperator, a Delhi based call management system on the cloud, has associated with Lenskart.com simplifying the latter’s daily operations at its back end with it’s in breed technology. MyOperator helps SMBs and bigger enterprises, manage their calls without any hardware or software in…
Yuvraj Singh TP fund incubators in Gurgaon, Bengaluru
The Yuvraj Singh-run seed fund company, YouWeCan Ventures, plans to start an incubator soon. The company said the first two arms of this company would be set up in Gurgaon and Bengaluru. “We want to be a 360 degree fund. Usually, you see funds taking a step up and trying to invest in larger ticke…
StartUp India gets a shot in the arm in Maharashtra
In sync with Prime Minister Narendra Modi’s StartUp India initiative, the Maharashtra government has freed the State Innovation Council from its clutches, making it an independent body with the prime objective to make Mumbai and Maharashtra the capital of start-ups. The state cabinet took a…
RBI proposes easier access to Foreign Capital for start-ups
The Reserve Bank of India (RBI), in its sixth bi-monthly monetary policy statement, has proposed steps to improve ease of doing business for start-ups through easier access to foreign capital and by enabling smoother transfer of ownership. RBI Governor Raghuram Rajan said the central bank wants t…
Telr’s flexible solutions to Start-ups, SMEs
International e-payment gateway Telr announced the launch of the first merchant self on-boarding solution in India that will enable fast and seamless integration without upfront costs. The launch aims to assist the country’s merchants in building robust online businesses through its rich, s…