Internet users are the new producers for several filmmakers, theater artists and musicians in the country as crowd funding helps realize hundreds of creative art projects. Top Indian startups in this space –Wishberry, Catapooolt, Ketto and The Hot Start -have already realized about Rs 10 crore th…
Start Up India
‘Ok Sir’ eyes funding okay from institutional investors
Home services provider OK Sir is in talks with institutional investors to raise series A funding of about $20 million or Rs 134 crore, said two persons familiar with the development. The funds will be utilized for the daily needs and emergency services-based application’s expansion plan, sa…
Oddly, pink slips arrive @ Start-ups | Faulty biz models or funding crunch?
Ten months ago, Bhuwan Arora started up Oddity, an online content platform for news, videos and books. The 26-year-old IIT-Delhi alumnus relied on his personal savings and angel funding of Rs 25 lakh, which came in by April, to get the venture going. Over the next few months, Arora pitched his bu…
Babajob.com joins Facebook’s SME India Council
In a significant development today, Babajob.com, India’s largest on-line job marketplace for the informal sector, was identified as a member of the SME India Council set up by Facebook in Asia-Pacific today. Facebook, which has over two million Indian Small and Medium Businesses (SMBs) on i…
Inclusion of MSMEs in start-up definition will boost ‘Make In India’
The government is considering a proposal to include Micro, Small and Medium Enterprises (MSMEs) in its definition of start-ups to help boost the Make in India campaign. Various government departments have held a series of brainstorming sessions to discuss the definition so that the policy can be …
Start-ups have put India on the World map | CII Report
Start-ups have put India on the World map by making it the third–ranked global start-up ecosystem in 2015. However most of the start-ups as well as their backers and financiers are located in Delhi, Bangalore and Mumbai, A report on start-ups released at a CII Conclave said. The focus tends to be…
Cisco plans to invest $240 m in start-up space | Amit Phadnis
IT major Cisco has committed to invest $240 million in the start-up space. The investment will be targeted at start-ups that build products with global appeal. It is looking to invest in start-ups that specialize in cloud computing, mobile technologies and Internet of Things (IOT). At a press con…
UrbanClap to get funding from Ratan Tata
Leading services marketplace UrbanClap, where Ratan Tata made his latest investment, wants to be counted among the top five internet businesses in India within a year. Co-founder and Chief Executive Abhiraj Bhal told Business Standard, “We are looking to become the Amazon for services’’. The comp…
Desi script helps small turn big!
When Bangalore-based Hector Beverages decided to launch ethnic Indian drinks brand Paper Boat with Aamras and Aam Panna, it found its main ingredient, raw mango, a tough nut to break. “It was almost impossible to process a hard fruit like raw mango. If we ripen and then pulp it, it loses its gree…
Start-ups can now pitch for government contracts in Karnataka
Karnataka plans to become the first state in the country to allow start-ups to pitch for local government contracts, a move that could potentially revolutionise procurement for government agencies by bringing down costs and access to new technology solutions. The move called ‘the start-up forum’,…