GUMPS (Guided Ultrasonic Monitoring of Pipe Systems) offers an IoT solution, and it is also a fully automated continuous condition monitoring system for pipelines that can operate at temperature extremes
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Tag: IIT-Madras
IIT-Madras Incubation Cell bags $1 m from Singapore-based company
New Delhi: A start-up born at the IIT-Madras Incubation Cell has bagged a million dollar order from a Singapore-based company to transfer technology used by its first two products. The key focus of the technologies is clinical training using virtual patients so that actual treatment becomes safer…
Govt plans to set up 7 new research parks to bolster R&D for start-ups
Prime Minister Narendra Modi unveiled the “Startup India, Stand Up India” in January 2016. The initiative had a slew of measures aimed at simplifying compliance, exempting profits from start-ups for the first three years, and rolling out an action plan for boosting innovation and entr…
Home rental start-up NestAway acquires rival Zenify
Bengaluru-based home rental startup NestAway has acquired residential rental management company Zenify, run by parent company City Synapse Information Pvt. Ltd for an undisclosed amount. Post acquisition, Zenify will continue to operate as a separate entity. With this acquisition, NestAway, in ad…
Get My Parking raises $1.1 mn from IAN, others
Cloud-based mobile parking technology startup Get My Parking has raised $1.1 million (Rs 7.35 crore) in pre-Series A funding from Indian Angel Network (IAN), venture firm Beenext, The Chennai Angels, and Hero Corporate Services Chairman Sunil Munjal. The startup will invest the fresh funds to dep…
Hubballi to host India’s biggest start-up incubation
Hubballi: Indian-American entrepreneur, philanthropist and venture capitalist Gururaj Deshpande is setting up India’s biggest startup incubator in Hubballi, about 400km from Bengaluru. The 82,000-sqft facility is expected to open in September. It will have the capacity to seat over 1,200 pe…
Avg size of start-up funding up 27% to Rs 4.6 cr: Report
The average size of funding received by start-ups from angel investors grew 27 per cent to Rs 4.67 crore in 2015, from Rs 1.06 crore in 2009, a report said. Also, the average investments made by these angel investors individually saw an annual growth rate of 34 per cent from Rs 0.21 crore in 2009…
Start-up Get My Parking launches on street smart parking
Launches On-street Smart Parking without the need of sensors an Indian startup solving parking problems From Delhi to Kumbh Mela to IPL Get My Parking (GMP) is a Chennai Angels funded venture started by IIT Madras and FMS Delhi alumni which has digitized the parking industry. Despite the industry…
Govin Capital to set up startup accelerator India Pune chapter
Singapore headquartered Govin Capital has entered into an agreement with Pune based Seed Infotech to launch the Pune chapter of its Startup Accelerator India. Govin Capital also announced an investment in two healthcare companies, Palash IVF Solutions and CEllBeans Healthcare. Anand Govindaluri, …
Ola acquires Chennai-based Qarth technologies
Ride-hailing app Ola said it has acquired Chennai-based Qarth Technologies, which has developed a mobile payments app X-Pay, in a move aimed at strengthening its payments business — Ola Money. Ola did not disclose the size of the deal. The IIT-Madras-incubated startup, founded in 2012, offers a p…