Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh has announced incentives for startup entrepreneurship in Northeast and said, this would encourage avenues of em…
Start Up India
Fella Homes an emerging start-up changing face of ready to move-in rental homes
The Gurgaon-based home rental startup Fella Homes which was founded in February 2016, took a major step by acquiring Noida based rental start-up Lifepad, has grown immensely this year. The acquisition occurred in an all-cash-deal and helped them understand the Noida market. The company raised a s…
B2B commerce start-up Moglix launches GST technology for manufacturing sector
New Delhi, December 16, 2016: B2B commerce start-up Moglix, announced the launch of its GST (Good and Services Tax) technology for the manufacturing sector. In its endeavor to boost the manufacturing sector, Moglix aims to empower SME to large suppliers and buyers through its GST technology to fi…
Practo buys healthcare analytics firm Enlightiks
Healthcare services platform Practo Technologies Pvt. Ltd has acquired Enlightiks Business Solutions Pvt. Ltd, a healthcare analytics solutions firm, in a cash and stock deal. Established in 2012, with offices in Bengaluru and Charlotte in the US, Enlightiks owns a predictive clinical and computa…
Start-ups working on medical cannabis research for palliative care
Post the legalisation of industrial hemp in Uttarakhand, start-ups like Bombay Hemp Company (BOHECO) and Orissa based HempCann Solutions are individually working on medical cannabis research for palliative care, aiming to enter the Indian market in next 3 to 4 years. Currently, BOHECO is partneri…
Indian UAV start-up ideaForge raises funds from Infosys
Infosys said on December 15 that it has invested an undisclosed amount in the Indian UAV manufacturing startup, ideaForge. Infosys has been aggressively investing on startups in the current quarter. It will fund ideaForge through its Innovation Fund. The investment is subject to receipt of regula…
Digital media start-up for millennials raises $3 mn led by Sequoia
Mumbai-based Pocket Aces, a digital entertainment company aimed at the Indian millenial, just raised a cool US$3 million in fresh funding, led by VC bigwig Sequoia Capital. Pocket Aces was founded by Ashwin Suresh, Anirudh Pandita, and Aditi Shrivastava in December 2013. Ashwin and Anirudh were r…
Ekalavya Sports brings start-up culture to new field
Kolkata: Start-ups in the city have discovered a new field to play with their budding business ideas. At least one of them has already set the ball rolling, albeit in Sambalpur, Odisha. And it’s no wonder that this fresh idea has come from a former soccer star. Ekalavya Sports, a sports sta…
Online stock broking start-up TradingBells raises seed funding
Indore-based discount broking startup TradingBells, has raised $294,000 (Rs 2 crore) from Mumbai-based stock broking firm Swastika Investmart Ltd, it said in a statement. TradingBells, run by TradeBells Broking Pvt. Ltd, will use the funds for hiring talent, expanding office infrastructure, upgra…
Start-up funding declines, but no let up in deals
India’s start-up ecosystem may have seen a fall in funding this year, but there’s been almost no let-up in the number of deals, highlighting that investor appetite is still strong. Start-ups have attracted roughly $4 billion in funds so far this year, down from a heady $7.55 billion in 2015, whic…