Online food delivery platform Swiggy on May 30 said it has raised $80 million (over Rs 517 crore) in Series E funding led by global internet group and technology investor Naspers. The funding saw participation from other existing investors Accel India, SAIF Partners India, Bessemer Venture Partne…
Tag: Ashutosh Sharma
Good news for start-ups: India to get 100 more incubators
The Indian government will invest Rs 200 crore to set up 100 more incubators across the country to support start-ups in innovations, a top official said on April 6. “As we want to double the number of incubators over the next four years, we will spend Rs 200 crore on setting up 100 more incubator…
Tata Trusts, Lockheed Martin & DST join hands to invest $2mn in tech-based social start-ups annually
Tata Trusts also finally seems to be embracing the advent of technology in every aspect our lives. In addition to NGOs, the organization now plans to add start-up investments to its portfolio in collaboration with aerospace behemoth Lockheed Martin and the Department of Science and Technology (DS…
To give fillip to startups government to double incubation centres
The government has embarked upon an ambitious project of doubling incubation centres in next 4-5 years to give innovation a boost. The Ministry of Science and Technology has also increased by a whopping 450 percent the budget for the start ups and innovation centric initiatives from Rs 40 crore t…
Government raises fund limits to seed start-ups
The Department of Science and Technology (DST) may invest up to Rs. 1 crore in every fresh start-up that it will seed from the next financial year, Ashutosh Sharma, Secretary, DST said. The DST’s outlay for seeding has been increased four-fold—from Rs. 40 crore to Rs.180 crore—in the coming finan…