For 1.5-year-old Delhi-based startup GetMyParking, the government’s 100 Smart Cities project is a mouth-watering business opportunity. “Smart city projects are about huge scale. We are talking about 100 smart cities and many more to come,” said Rasik Pansare, Co-Founder at the 45-people startup t…
Tag: Ankit Mehta
Start-ups serve India’s defence & profitably
Bengaluru: Last January, when Pathankot district in Punjab came under crossborder firing, the Indian army depended heavily on unmanned aerial vehicles (UAVs). The soldiers used them for border surveillance. Those UAVs were built by IdeaForge, a 100-people, Mumbai-based venture that was started in…
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…
Startups aren’t celebrating Procurement Policy yet
Though the government’s Procurement Policy, which reserves a percentage (20%) of its procurement as the portion to be fulfilled from small enterprises, effectively opened up to startups under the Startup India Action Plan, there still needs to be a lot done on the ground before startups can…