ASTARC Group, a diversified business entity, plans to invest $5 million in Indian start-ups. Kishore Musale, CMD, ASTARC Group, told the media that the company has increased its corpus from $2 million last year to $5 million this year. “We will be making this investment across 10 companies this y…
Start Up India
Bhubaneswar plays IT smart
Move over Kolkata, Bhubaneswar is now the start-up darling in India’s east. The Odisha capital, which recently won the Smart City challenge, is home to a clutch of innovative start-ups such as Milk Mantra, Aabyss, CSM Technologies and Sak Robotix. Odisha has a lot going for it. Apart from the pr…
Sweat equity limit for Startups may be raised
The limit on sweat equity for startups could be raised to 50% from 25% of paid up capital, improving the incentives for innovators and giving a boost to the Startup India initiative. A committee set up by the government to review issues arising out of implementation of the Companies Act, 2013 has…
WIPRO arm invests Rs 9.78 crore in big data startup Altizon
Wipro Ventures, the $100-million venture capital arm of India’s third largest software exporter, has picked up a minority stake in Pune-based big data startup Altizon Systems Pvt Ltd for Rs 9.78 crore as part of a Series A funding round, a week after cross-town arch rival Infosys parked $4 …
OUST Labs receives seed funding from Mohandas Pai
Oust Labs, an edtech startup whose gamified platform helps students excel in Indian competitive exams, has raised an undisclosed seed round from TV Mohandas Pai, chairman of Manipal Global Education Services and Aarin Capital. Founded by Shrikant Latkar in California, the company has been running…
‘Start Up India, Stand Up India’ launched in Thane
Deepak Ghaisas, the first Indian to receive the CFO Asia Award in 2001, launched the ‘Start Up India, Stand Up India’ programme in Thane. The Thane arm of the ambitious flagship programme, which was announced by Prime Minister Narendra Modi on Independence Day last year, was inaugurat…
IT only a small part of start-ups| PM | Mann ki baat
Prime Minister Narendra Modi on January 31 said the notion that start-ups are only related to IT has been broken by the Start-Up India programme. Delivering his ” Mann Ki Baat” radio address, Modi said Information Technology was only a small part of start-ups. “It is the common …
IESA with DeitY to conduct Workshop on intellectual property rights
IESA, with support from Department of Electronics and Information Technology (DeitY), is conducting a half day workshop, with government representatives, industry veterans and academia expounding on various aspects of intellectual property rights such as IPR protection, commercialization and pate…
CTE lines up Rs 8 Crore to fund US-based startups
IT services firm Cambridge Technology Enterprises (CTE) has announced an investment of close to Rs 8 crore ($1.3 million) in US-based automated photo-sharing platform PhotoKarma, alongside Idealab, Bessemer and New York Angels. Hyderabad-based CTE has also invested in MyCrowd, a crowd-testing pla…
Karnataka to come up with ideal ecosystem for women entrepreneurs
The Karnataka Government is dedicated to advancing women through the entrepreneurial ecosystem. The diverse ecosystem set up by the government allows global investors to tap into the pipeline of talented women entrepreneurs. Women entrepreneurs usually face hurdles like limited access to finance,…