The start-up will utilise the funds to enhance its product and technology, and to scale to other categories including personality development, new languages and job interviews.
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Tag: Blume Ventures
Less noise, more action: What Indian start-ups really want from govt
After three years of PM Narendra Modi’s government in power, there have been a series of media report cards on what went right or wrong. There has been extreme criticism and some praise as well. In terms of what it has done for start-ups, it is a mixed bag. When I spoke to entrepreneurs bef…
Ministry of Corporate Affairs notifies operational & compliance relaxations for start-ups
In its bid to boost the ecosystem for start-ups, the Ministry of Corporate Affairs (MCA) has notified a slew of operational and compliance relaxations. Key among them is the ability to raise deposits from members, with exemption from procedural compliance for an extended period of five years. …
Bengaluru prime destination for IoT start-ups in India: Zinnov
Bengaluru has emerged as the prime destination for IoT (Internet of Things) start-ups to set up base, as it accounts for 52 per cent of the total IoT start-ups in India, a study by Management Consulting firm Zinnov said. Bengaluru is followed by Delhi NCR with 12 per cent, Mumbai 11 per cent, Hy…
Ideaspring Capital invests $500k in workflow management start-up Zapty
Workflow automation start-up Zapty has secured $500K in its latest round of funding from Ideaspring Capital. The startup will deploy the raised funds towards enhancing its product offering to create industry-grade solutions. Arvind Agarwal, CEO of Zapty said, “Traditional workflow solutions make …
Why SIDBI can be a game changer for venture capital industry
Around June last year, entrepreneur-turned-venture capitalist Manish Singhal was looking to raise his first venture fund, and he thought it was the toughest task he had ever undertaken. Singhal had earlier co-founded startup financing platform Letsventure. As he searched far and wide for investor…
Xiaomi founder’s Shunwei Capital invests $5 mn in Indian gaming start-up
Mobile gaming is yet to take off in India like it has in China. But investors from across the border clearly see the potential for it in the world’s second-largest smartphone market. Shunwei Capital, founded by Xiaomi boss Lei Jun, today led a series An investment of $5 million along with Accel P…
Mobile gaming start-up Mech Mocha raises Rs 32 cr
Bengaluru: Mobile gaming startup Mech Mocha has raised $5 million (about Rs 32 crore) in a series A funding round led by Accel Partners and including Chinese venture capital firm Shunwei Capital and existing investor Blume Ventures. A significant portion of the funds raised will be used to develo…
In the absence of RBI guidelines, a code of conduct for digital lending start-ups
Bengaluru: The Digital Lenders Association of India, an industry body of about 20 startups in the digital lending space, has laid down a general code of conduct for its members which is likely to ensure more transparency in this nascent sector yet to be governed by specific guidelines by the Rese…
India Accelerator to offer early-stage tech start-ups benefits from 70 leading accelerators
New Delhi: Gurgaon-based India Accelerator is set to launch an incubation programme this month and offer early-stage technology startups benefits from its newly-acquired membership of the Global Accelerator Network (GAN), a consortium of 70 leading accelerators in the world including H-Farm in It…