Indian Angel Network (IAN), the world’s largest angel network, on August 8 said it has signed a memorandum of understanding (MoU) with Biotechnology Industry Research Assistance Council (BIRAC) to invest into biotechnology startups and bring the ecosystem together to promote biotech industry in I…
Tag: IBEF
Logistics start-up Delhivery secures $30 m from Fosun International
Gurugram-based e-Commerce logistics firm Delhivery has secured $30 million (Rs 194 crore) in funding from Chinese international conglomerate Fosun International. This additional investment is a part of the bigger equity financing round that saw a $100 million funding from The Carlyle Group, earli…
Conquer foreign markets: Govt to medical sector SMEs
While the medical devices industry has been urging the government to curtail import duties on medical devices, the Centre is focused at export of indigenous devices following its ‘Make in India’ campaign. The government is now encouraging the Small and Medium Enterprise (SME) sector to increase e…
FICCI to launch India Travel start-up launchpad
As part of its mandate to further enhance India’s digital drive in the travel and tourism industry the Federation of Indian Chambers of Commerce and Industry (FICCI) will launch its maiden initiative aimed at travel start-ups. “Travel Tech Launchpad” – will be a platform that encourages innovatio…