Investments in start-ups declined significantly in volume (28%) and value (44%) in calender 2016. The deal sizes got smaller as angel and early-stage funding dominated and late stage funding took a backseat, said VCCEdge in its year-end analysis. In 2016, start-ups witnessed a 44.3% decline in in…
Start Up India
How incubators in India are helping start-ups grow
For Anand Shahani, founding WedMeGood, an online wedding planning portal, in 2014 was just the beginning. Within a few months, he realised that he needed networking and mentoring to take the business in the right direction. After much deliberation, he decided to knock at the doors of 91SpringBoar…
Streaming platform Dekkho raises $1.2 mn in seed funding
Streaming platform Dekkho has raised $1.2 million from seven unnamed angel investors. The company sources content from content providers within India and abroad. Dekkho currently has over 12,000 hours of programming, made available by partnering directly with digital channels such as Sony Music, …
Nandan Nilekani invests $5 mn more in e-Commerce start-up 10i Commerce
Infosys Ltd Co-Founder Nandan Nilekani has invested $5 million more in Bengaluru-based e-commerce start-up 10i Commerce Services, according to regulatory documents and a person familiar with the matter. With the latest investment, the former chairman of the Unique Identification Authority of Indi…
‘Google Tax’ detrimental to start-up ecosystem: Experts
The equalisation levy, also known as ‘Google Tax’ which the government is imposing on online advertising revenue by non-resident e-commerce companies earned in India, is expected to adversely affect the startup ecosystem going forward, according to tax experts. The levy which is at 6 …
Bengaluru based beverage start-up takes to publishing new authors
Author and adman Anand Suspi, remembers how during his growing-up years in Shivamogga he wrote a letter to the then Prime Minister Rajiv Gandhi asking if he ate only chapattis and never rice. “Being in South India, it was unimaginable to me that people could survive without rice. There was …
Start-ups home in on co-living trend
When 26-year-old Mani Sharma moved from Jaipur to Gurgaon last month to take up a job as an analyst with CarDekho, her biggest worry was how to find a decent place that she could afford. It turned out to be far easier than she had imagined.She went online, and quickly found a new concept thatR…
How start-up speak changed in 2016
The startup vocabulary of 2016 has been markedly different from the glory years of 2014 and 2015 when unicorns were born every other week, and sky-high valuations meant scale and size won over strategy and solid business models. This year as funds dried up, a number of promising startups of 2015 …
Legal-tech start-up MyAdvo raises funding from CAN
Legal-tech startup MyAdvo has raised an undisclosed amount of funding in an angel round led by Calcutta Angels Network’s (CAN) Pradyumna Dalmia and other investors through LetsVenture. MyAdvo is an online marketplace that connects clients with lawyers for various kinds of legal services. Users ca…
On-demand delivery start-up ShadowFax raises $10 mn
Hyperlocal logistics startup ShadowFax Technologies Pvt. Ltd has raised $10 million (Rs 68 crore) in Series B funding led by existing investor Eight Roads Ventures, an investment arm of Fidelity International Ltd. The investment will help Shadowfax build its network, consolidate its market positi…