2016 was a year of rationalisation for Indian startup sector as most big investors spent cautiously unlike in 2014 and 2015 when it saw a new high in terms of irrational investments. In 2016, companies in sectors such as food-tech and hyperlocal logistics who were sustaining operations on externa…
Start Up India
The Chennai Angels invests in Evegetailing
Coimbatore: The Chennai Angels (TCA), one of the most active angel investing groups in the country, has announced a seed investment of Rs 1.1 crore in Evegetailing, a Chennai-based startup engaged in selling farm fresh vegetables procured directly from farmers land delivered to customers with its…
Discount app BlueBook raises funds in seed round
BlueBook, a discount and deals app, said it has raised $500,000 in a seed round led by Indian Angel Network (IAN). LetsVenture, a start-ups investment and discovery platform, and independent investors from Singapore and the US also participated in the round. IAN member Avinash Vashishta, who serv…
Indian start-ups raised $84 mn last week
Funding street was abuzz last week for the startup ecosystem. 14 startups have garnered $84 million in angel/seed and venture capital funding, versus the $33 million raised the week before by 12 startups. The Delhi-NCR region also pipped Bengaluru to lead all the funding activity. The big ticket-…
Start-up GoBolt looks to bring efficiency to fragmented transportation industry
The transportation industry in India is largely fragmented and disorganised. However, analysts and various stakeholders say that proper infusion of modern technology can bring in several degrees of efficiency. A case in point: GoBOLT, a tech logistics start-up, which strives to deliver freight ef…
Undue fees can be the real barrier for start-ups: Google’s Kent Walker
The government should take a more studied step while imposing additional levies, especially on startups, said Kent Walker, Senior VP, Google. He said since margins for small businesses are thin, the imposition of “undue” fees can be a real barrier for them. His comments come at a time when the go…
‘Equalisation Levy’ to create a huge problem for start-ups: Tax lawyer Nishith Desai
As part of the continuing opposition from industry bodies to the ‘Equalisation Levy’ that came into effect earlier this year, the Internet and Mobile Association of India (IAMAI) and law firm Nishith Desai Associates, in a white paper released on Tuesday, said the measure would hurt Indian startu…
Babycare start-up Mamaearth secures funding from Fireside Ventures
Mamaearth, a babycare products startup, which sells its products only through Amazon India and FirstCry.com has raised an undisclosed amount in seed round of funding led by Fireside Ventures and some HNIs, a top company executive told. Founded in 2016 by a couple Varun Alagh and Ghazal Alagh, thi…
Startup India, a work-in-progress: DIPP Secy
A year after the Startup India Action Plan was unveiled by the Prime Minister the Department of Industrial Policy and Promotion (DIPP) Secretary Ramesh Abhishek called it a “work-in-progress”. Recounting the initiatives taken by the DIPP to provide structure to the developing startup …
OnlineTyari acquihires photo-sharing application Plix
Test preparation platform OnlineTyari has acquihired photo-sharing application Plix in a cash-and-equity deal valued at about $1.5 million (Rs 10.2 crore). As part of the deal, Plix’s seven member technology team will join OnlineTyari within a month to work on technologies and come up with …