IndiKrew, a hyperlocal home services platform run by Hyderabad-based technology firm Aizant Online, is looking at raising up to $2 million (about Rs 13 crore) in its first round of external funding by March 2016, according to its founder Bhaskar Sayyaparaju. IndiKrew, which has been running on a …
Start Up India
QUIKR MOVES TO NEW CAMPUS, COMPLETES ITS BENGALURU RELOCATION
Bengaluru might be falling short of the right infrastructure and business-friendly environment compared to Delhi and Mumbai but the city’s tech talent seems good enough to attract new-age technology-backed companies from across the country. Online classified portal Quikr, which had shifted its he…
RATAN TATA INVESTS IN SINGAPORE STARTUP CRAYON DATA
Tata Sons chairman Emeritus Ratan Tata has invested an undisclosed amount in Singapore-based big data company Crayon Data. The investment was made in his personal capacity. Crayon, a portfolio company of Jungle Ventures, had previously raised 10 million Singapore dollars in seed and Series…
NUMA NAMES 11 START-UPS IN ITS FIRST ACCELERATOR PROGRAMME
France-based start-up accelerator NUMA named 11 start-ups it has accepted for its first accelerator programme in India. It also announced a partnership with plane maker Airbus SAS, as part of its programme to engage companies in setting up innovation labs. Present in Bengaluru, NUMA is among seve…
ONLINE LAUNDRIES HEADED FOR SHAKE-UP
The start-up ecosystem has in the past couple of years seen several online laundry businesses like PickMyLaundry, Laundrywala, Dirk Da Dhobi, Wassup, MyWash and Laundry Basket beginning operations. Laundry was a Rs 17,400-crore business in India in 2012 and is expected to grow to Rs 48,900 crore …
INDIAN RAILWAYS GIVES NEW MEANING TO FOOD ON THE GO WITH FOODPANDA; ZOMATO IN THE WORKS
Food lovers travelling by Indian Railways trains have reason to rejoice. After incessant complaints over poor-quality food provided by it over the years, the Indian Railways has decided to offer passengers the flexibility to choose meals of their choice, thanks to a tie-up between Indian R…
EARNEST TO RAISE $275 MILLION
Louis Beryl, founder of student-loan start-up Earnest, said his firm would receive $275 million (Rs 1,837 crore) in financing, comprising a $75-million equity stake led by Battery Ventures, along with $200 million in lending capital from New York Life and an unnamed institution. The sizable war c…
REDSTONE CONSULTANCY PROMOTERS OF GROFFR DRAG GROFERS INDIA TO HC
Redstone Consultancy, the promoter of group-buying startup Groffr, has filed a case against online grocery delivery firm Grofers India Pvt Ltd for “passing off “ and using a similar sounding name to confuse consumers in the Delhi High Court. Mumbai-based Redstone, which helps consumers in big-tic…
OYO NOW FINDS ROOM FOR A CAFE UNDER ITS ROOF
Budget hotels aggregator OYO Rooms is piloting a food technology venture and an on-demand housekeeping service as it looks to offer its customers a better experience while creating a sustainable and standardised long-term brand. With OYO Cafe, the company will aggregate its listed hotels’ …
SKILL-TRAINING COMPANY ISTAR LEARNS TO RAISE RS 10 CRORE
iStar Skill Development, a skill-training company, has raised Rs 10 crore led by the Michael & Susan Dell Foundation. Unitus Seed Fund, an early investor in iSTAR, also participated in this round. This takes total funds raised by the company to Rs 13 crore. “iStar presents a great blend…