Mumbai: CoutLoot, an end-to-end fashion re-commerce platform, has been selected for Facebook’s developer-focused “FbStart” programme, receiving access to $40,000 worth of credits and services from the social networking giant. Launched last year, “FbStart” helps devel…
Start Up India
Maharashtra to have a new start-up policy soon, says Devendra Fadnavis
Devendra Fadnavis on November 30 said a new comprehensive policy on start-ups would be unveiled in Maharashtra soon. Speaking at the Badalta Maharashtra conclave organised by Loksatta in Mumbai, the CM said a state-of-the-art start-up park had been planned in Pune. He assured young entrepreneurs …
National Student Start-up Policy: Major step for encouraging student entrepreneurs
The National Student Start-up Policy aims to create 100,000 students owned tech-based start-ups and a million employment opportunities by 2025. Formulated by AICTE, the policy would outline roles of the AICTE, academic institutions, and TBI (Technology Business Incubators) in creating student ent…
Petroleum Ministry to partner start-ups for exploration & production
To bring in innovations and increase the involvement of startups in the petroleum sector, the ministry of petroleum and natural gas is looking to partner with startups and include them in core exploration and production activities. “Oil companies shall not only be funding these startups but will …
A long road ahead for M&A activities in India’s start-up ecosystem
Bengaluru: Merger and acquisition (M&A) activity in India’s start-up ecosystem is increasing, but it will take two to five years more to gain scale. Start-ups that have received venture funding in the last two years will take at least that long to begin acquiring other companies or gain enoug…
Accel Partners raises $450 mn India fund
Bengaluru: Venture capital (VC) firm Accel Partners, which over the years has backed high-profile technology start-ups, including Facebook Inc. and Flipkart, has raised $450 million for its fifth India fund, indicating that investors are still enthusiastic about Indian start-ups. The latest fund …
Ethnic marketplace start-up indofash raised Rs 1 cr in angel funding
Ahmedabad: Indofash.com, a Bengaluru based ethnic marketplace raised Rs 1 crore from angel investors, Shekhar Sahu and Nitesh Pant. The fund will be used to scale up its international presence. Sahu & Pant are the former Co-Founders at HealthCareMagic, which was acquired by US-listed Ebix Inc…
Fintech start-up Affordplan raises Rs 20 cr from Prime Ventures & Kalaari
Delhi-based fintech startup Affordplan has raised Rs 20 crores in Series A funding round led by Prime Venture Partners and Kalaari Capital as a co-investor. These funds will be utilised to expand the current team, build the network and scale the business to new cities across India. The company of…
BMW AG plans to boost tech start-up investments
Munich: BMW AG plans to boost its investments in start-ups, as competition intensifies with new rivals including Tesla Motors Inc. over technologies that make cars smarter and more energy efficient. The luxury-vehicle maker will invest as much as €500 million ($533 million) through its iVentures …
Global accessories major CAPDASE joins hands with e-distribution company YMS Mobitech
CAPDASE, a global pioneer in mobile accessories, has inked a strategic partnership with YMS Mobitech Pvt. Ltd, India’s largest app-based e-distribution ecosystem to spread its reach across YMS’ network of 11,262 retailers and 361 distributors across 383 cities. CAPDASE also announced its intent t…