India is the top region for innovation in Asia, as per a recent report. This might seem like excellent news, till we ask how much of this innovation is truly Indian? According to the Patent Office, over 70% of the patents filed in the country are by MNCs. Indian companies and academia share the r…
Tag: Flipkart
Video learning platform VideoKen secures $1mn funding in the seed round
VideoKen, an artificial intelligence (AI) and machine learning based platform for video based collaborative learning, has raised $1 million from a bunch of angel investors. Started in January 2017 by Manish Gupta, former VP & Director, Xerox Research India and Ashish Vikram, former VP of Engi…
5 Cockroach ways for a start-up to light the beacon
Gone are the days of the highly valued and well-funded unicorn startups that leapt high but fell later. Having burnt their fingers with unicorns, investors are now shying away from them and turning their attention to cockroach startups that are slowly, but steadily focussed on building a robust b…
SoftBank pumps in Rs 1,675 cr in Ola
Japanese investor SoftBank has pumped in about Rs 1,675 crore in fresh funding in Indian transportation startup Ola to give it more muscle to take American rival Uber head-on. SoftBank subsidiary SIMI Pacific Pte picked 12,97,945 shares valued at Rs 10 at a premium of Rs 12,895 in ANI Technologie…
India world’s largest start-up ecosystem, but in VCs & angel networks it stutters
India is the world’s third largest start-up ecosystem with over 4,200 start-ups in existence according to NASSCOM. Yet, in terms of VCs and angel networks, India compares poorly to the developed world. In the US alone, there are an estimated 1,300 venture funds in operation in contrast to a paltr…
Fintech players tap technology to aid financial inclusion
Financial inclusion is taking a step ahead with more fintech players using technology and big data to help smaller borrowers with zero digital footprint and no documentation gain access to formal channels of banking. Technology and data analytics have been put to good use by many fintech players …
Flipkart to invest in new businesses
Flipkart had recently raised $1.4 billion in its biggest fundraising round with investors including Tencent Holdings, Microsoft Corp and eBay Inc After latest fundraising round, the e-commerce firm will now be valued at $11.6 billion Homegrown e-commerce major Flipkart announced on April 12 that …
GST : What the future holds for start-ups
There was a time in India when being an entrepreneur got you really sad looks, and a hopeless marriage profile. Then the Silicon Valley found its second home in India, with Bangalore being the first choice, and saying that you were the founder of a ‘startup’ became the new cool. What started in t…
International Chamber of Commerce pushes for e-Commerce agenda at WTO
New Delhi: A key global business lobby group has petitioned the World Trade Organisation (WTO) to begin talks to open up cross-border digital trade for small and medium companies and allow them to sell their products across borders through e-Commerce. The International Chamber of Commerce has pro…
India’s start-ups see a huge marketing opportunity in the 2017 Indian Premier League
The tenth season of the Indian Premier League (IPL), which will kick off on April 5, is expected to be a sporting extravaganza for cricket aficionados. Just like previous seasons, this year, sensing an opportunity to the grab attention of IPL viewership, startups are in the list of the 14 major s…