With long-term plans to create a viable and profitable business out of the booming start-up sector in India, Microsoft Ventures plans to incubate 500 start-ups in the next five years. Most of them are either start-ups working on Internet of Things (IoT) or independent software vendors that would …
Start Up India
Texas billionaire brings Indian start-up Teabox over mutual taste for tea
The unusual partnership between a Texas billionaire and an Indian entrepreneur began with a mutual appreciation for tea. Robert M. Bass, the storied 67-year-old investor, disliked the bitterness of coffee but had a hard time finding a good cup of tea. Kaushal Dugar, a 32-year-old who grew up in t…
Hypercat to incubate internet of things (IOT) start-ups
An exclusive incubator to handhold start-ups in the area of Internet of Things (IOT) and smart cities has been launched in Hyderabad. Flexeye has opened the start-up accelerator HyperCat at Kondapur, the hub of IT and IT-enabled services industry. The incubator, which has a backing of 700 busines…
Singapore’s Crayon Data setting up operations in Indian market
Singapore-based big data start-up Crayon Data is setting up India operations in association with WPP’s media agency conglomerate GroupM. Mindshare, one of the GroupM agencies, is all set to bring its global alliance with Crayon Data to the Indian market. Mindshare and Crayon Data aim to map…
Nexus has raised $450 million
Nexus Venture Partners has announced to close its fourth round of funding of over $450 million, making its total capital under management in eight years to over $1 billion. According to Naren Gupta, Co-founder and MD, Nexus Venture Partners.“We are thankful to our investors that continue to back …
Technology edge to enable SMEs compete with big boys
According to the study by Greyhound Research commissioned by technology firm EMC India, technology is helping start-ups deliver unique and personalised experiences compared to mid and large-sized enterprises. It also said, “Business agility is the key business attribute that is allowing sta…
Karnataka in race to 20,000 start-ups by 2020
Karnataka had announced that it would facilitate the birth of 20,000 start-ups in the state by 2020.These ventures will help to create 18 lakh jobs — 6 lakh direct and 12 lakh indirect. The state proposes to offer entrepreneurs financial incentives to get them going. The Rajasthan government rece…
Start-ups push up salary packages in BITs Hyderabad
Start-ups and e-commerce firms are driving a massive increase in salary packages for students in campus placements, going by the first round of placements in the Birla Institute of Technology and Sciences (BITS). As per available data, companies visiting BITS upwardly revised compensation package…
MockBank buys startup Litoro
Online exam preparation service MockBank has bought a majority stake in custom web and mobile product development startup Litoro for an undisclosed amount. Litoro had helped MockBank develop the initial version of its service. The acquisition will help Bengaluru-based MockBank expand its course o…
Ola To Launch In Chandigarh; Jugnoo Cries Foul
Ola is planning to launch its auto-rickshaw hailing service in Chandigarh soon. Jugnoo, an auto-rickshaw aggregator funded by Paytm, has accused larger rival Ola of poaching employees and lifting its employee and driver database in Chandigarh. In a letter dated December 1, Jugnoo’s founder …