Extending facility to deliver cash at doorstep, Yes Bank has now tied-up with e-grocer Grofers allowing customers to get cash of up to Rs 2,000 when they order grocery online. “Grofers, the on-demand e-commerce mobile and web application, is opening up a new avenue for people to get cash …
Start Up India
Wockhardt’s Huzaifa Khorakiwala to raise Rs 125 cr for healthcare start-up fund
Executive Director of Wockhardt Ltd Huzaifa Khorakiwala has launched a healthcare angel fund that is targeting to raise Rs 125 crore to be invested in start-ups. Health Passion Fund is targeting to raise Rs 125 crore corpus and will look at an investment up to Rs 5 crore in each start-up, a state…
Pune start-up Serv’d gets $1 lakh grant from Bill & Melinda Gates Foundation
Pune-based startup Serv’d, which aims to bring about financial inclusion in the unorganised sector has been given a $100,000-grant from Digital Financial Service (DFS) Lab, a fintech accelerator funded by the Bill and Melinda Gates Foundation. DFS Lab identifies startups that have the poten…
Japanese start-up can forecast India’s GDP by using satellite images of night lights
Tokyo: Nowcast Inc., a Japanese financial research and technology start-up, has developed a product that estimates economic growth in real time by using satellite images of night-time lights. Based on algorithms that examine changes in the intensity of illumination, as well as a range of publishe…
Indian start-ups are afraid of global competition: IAN Co-Founder
Indian start-ups that are playing up the ‘home-grown’ card and asking the government to shut down the doors for global companies like China, shows that the companies are just losing confidence, said Saurabh Srivastava, Chairman Emeritus at TiE Delhi. “I think, we are losing confidence ̷…
ah! Ventures launches marketplace to provide services for start-ups
Early stage venture capital firm ah! Ventures has launched a marketplace to provide startups services such as branding, legal advisory, finance, staffing and more. The ah! Marketplace connects startups with relevant service providers on the basis of a pre-decided package, the company said in a st…
Indifi Technologies, a start-up that helps SMEs secure loans, raised $10 mn
Indifi Technologies Pvt. Ltd, a start-up that helps small businesses secure loans, has raised $10 million in a series B round led by Omidyar Network, the investment firm started by eBay Founder Pierre Omidyar. Existing investors Accel Partners and Elevar Equity also participated in the round.Indi…
Facebook shortlists ed-tech start-up XPrep for FbStart programme
Tutor enablement platform XPrep, run by Epsilon Eduventures Pvt. Ltd, has been selected by Facebook Inc. for its FbStart programme. The programme, aimed at developers, is designed to help early-stage mobile-focused startups build and grow their apps. Under the programme, the company will receive …
Online marketplace for SME commerce OfBusiness raises another Rs 75 cr
OfBusiness, an online marketplace for Small-and-Medium (SME) commerce, has raised Rs 75 crore in its series B round of funding led by Zodius Capital, a growth-stage tech fund which has backed companies like Big Basket, Pepperfry and Zivame. This is the second fund-raise for the year-old startup a…
Start-ups need to engage more closely with govt: MeitY Secy
The Indian startup ecosystem needs to work more closely with the government and engage in sharing information and analysis to “make sure all the irrationalities are ironed out over a period of time”, a top government official said. Speaking at a CII event, Ministry of Electronics and …