Mumbai: From mentors to investors, the Mumbai Chapter of TiE (The Indus Entrepreneurs) is looking to cover the whole gamut as it announces ‘TiE Angels Mumbai’, an idea-stage funding initiative. TiE Angels Mumbai will facilitate idea-stage funding for startups through TiE Mumbai’…
Start Up India
Ease compliance burden for start-ups, MSMEs: Parliamentary Panel
New Delhi: To ease the compliance burden for small companies including start-ups and MSMEs, a Parliamentary panel has suggested compliance threshold in Companies Act should be based on business volume or turnover rather than form of the company. Rules framed under the Companies Act should be modi…
Self-drive car rental Revv raises $9 mn via equity
New Delhi: Self-drive car rental service Revv on December 7th said it has raised a total of $9 million in equity from Edelweiss Private Equity and debt from Mahindra & Mahindra Financial Services Ltd and car leasing platform LeasePlan India Pvt. Ltd. It will use the funds to expand to new cit…
Wipro & Microsoft Accelerator to help start-ups with more go-to-market opportunities
Information technology major Wipro has said it will work with select start-ups in India that are associated with Microsoft Accelerator to help them scale their business and take them to customers globally. Wipro will also look at start-ups to identify innovative solutions and products they can bu…
Start-up funding eases, but crunch is not over
Winter is here but the freeze in funding could be easing for start-ups. “Deal activity has picked up in the past few months. We are seeing consolidation in many sectors. The crunch has eased a bit,” says Anand Lunia, Founding Partner at venture capital firm India Quotient. In the past few months,…
PayU to invest in consumer lending start-up ZestMoney
Naspers-owned online payments platform, PayU is leading a financing round in consumer lending startup ZestMoney, people familiar with the development told. The $3.7 million fund raise will give PayU a 20% stake in ZestMoney and see existing investors Ribbit Capital and Omidyar Network also partic…
Nvidia launches AI start-up program in India
Nvidia has launched the Nvidia Inception program in India, in recognition of the country’s potential for artificial intelligence innovation. Inception is a virtual incubator program to support startups with ideas in AI. Members will receive a custom set of benefits, from hardware grants and marke…
Vini founder backs feminine hygiene start-up
Darshan Patel, Founder of Paras Pharma and Vini Cosmetics, has scooped up a major strategic stake in Soothe Healthcare, a feminine hygiene startup that manufactures sanitary napkins and diapers under the brand Paree, people directly familiar with the matter said.The investment deal, which is stru…
Goa Chief Minister’s start-up challenge to encourage entrepreneurship in IT sector
Keen to encourage entrepreneurship and create viable employment opportunities in the IT sector, Economic Development Corporation (EDC) Limited along with Goa State Innovation Council (GSIC), announced the second edition of the Chief Minister’s startup challenge. “The top 10 start-ups …
Healthcare start-up Core Diagnostics raises Rs. 81 cr from investors
Core Diagnostics, a healthcare start-up, said that venture capital firms Eight Roads Ventures and F-Prime Capital Partners would invest $12 million (Rs 81 crore) in the company. Existing investor Artiman Ventures is also participating in this funding round. Founded in 2012, Core provides diagnost…