In order to accelerate digital transformation at the start-up level, Nasscom, in partnership with IBM, launched the Delhi version of Techstartup.in on IBM Cloud. Techstartup.in was first launched in Bengaluru in October and the new localised Delhi version of the site, designed to help stimulate i…
Start Up India
NASSCOM going big on start-up warehouse
National Association of Software and Services Companies (Nasscom) will be opening four more tech start-up incubation centres in different parts of the country by March 2016. At present, the sector body is running three such centres, which it calls start-up warehouses in the country. According to …
Travelyaari to add rooms, cabs, auto bookings
To accelerate online bus ticketing, Bengaluru-based Travelyaari.com, the flagship brand of Mantis Technologies, is planning to integrate other products such as hotel rooms, cabs and automobile bookings, apart from wallets, on its platform. The company is adding features to its bus ticketing platf…
On start-up ecosystem, Centre constitutes team for policy directives
The government has constituted a team which will assist in policy formulations for creating a conducive ecosystem for start-ups. Besides, the Centre has also appointed a consulting agency to help the team in its work, Commerce and Industry Minister Nirmala Sitharaman said in a written reply to th…
Faasos Raises Rs 200 Crore Funding
Pune-based food-tech startup, Faasos Food Service has raised Rs 200 crore from Russian internet-focused investment firm ru-Net. With the participation of existing investors including venture capital firms like Sequoia Capital and Lightbox Ventures, the online restaurant is now valued at Rs 870 cr…
Analytics startup Zenatix Solutions raises funding from Blume Ventures
Zenatix Solutions, an internet-of-things (IoT) driven energy-data analytics startup has raised an undisclosed amount of follow-on funding led by seed focused fund Blume Ventures. This comes about five months after the Gurgaon-based startup raised Rs 1.27 crore from angel investors including Googl…
Indonesia Telecom firm XL Axiata to invest in Digibiz SME platform
Indonesia telecom firm PT XL Axiata Tbk (EXCL) is setting up a business solutions platform, DigiBiz, to help small and medium enterprises (SMEs) to strengthen their marketing initiatives and grow their businesses. DigiBiz platform is a mobile app that aims to enable SMEs to share information abou…
Travelyaari may close Rs.50 crore deal this month
Bengaluru-based Mantis Technologies, which runs the online bus ticket booking services portal Travelyaari, is in advanced stages of closing a fresh round of funding. Travelyaari has struck a deal with a foreign Venture Capital fund along with its existing investor Bennett, Coleman and Company Ltd…
Start-up boom: coders rake it in
Twenty-seven-year-old Animesh Mishra works as Senior Consultant at Stowe Research India, a company that primarily makes claim processing software. He leads a team of six coders at present. This is a starkly different picture from last year, when he was coding alone. “The company has more work tod…
Motilal Oswal PE eyes Rs. 300 cr on exit from ‘Mrs Bector’s Foods
Motilal Oswal Private Equity is close to selling its 20 per cent stake in Mrs Bector’s Foods Specialties Ltd to Singapore-based private equity fund CX Partners. The deal is expected to be closed later this month for Rs. 300-350 crore. Mrs Bector’s Foods makes Cremica brand biscuits and condiments…