Amidst the gloom in India’s startup ecosystem over a funding crunch, here’s a silver lining: Bangalore’s Axilor has announced a doubling of the intake of startups for its accelerator program. Axilor was launched in November 2014 by Infosys founders Kris Gopalakrishnan and S D Shibulal along with …
Tag: Infosys
Education technology start-up Acadgild provides learning via mentors
Vikalp Jain is a techie who believes that software development requires highly specialised skills, best learned with guidance from experienced practitioners. “Online videos or classroom formats are poor substitutes for building real projects with the help of a dedicated mentor,” says Jain, Co-Fou…
Start-up fever remains strong for tech-savvy Indians
Bangalore: In the basement of a Bangalore building, hundreds of young Indians sit in neat rows of desks typing furiously, all dreaming of becoming the new Steve Jobs or Mark Zuckerberg. A quarter of a century after liberalisation kick-started India’s economic transformation, a new generatio…
Budget 2017: Tax breaks for PEs, VCs, angel investors & hedge funds?
Finance Minister Arun Jaitley may propose to create a favourable tax environment for venture capitalists (VCs), private equity (PE) firms, angel investors and hedge funds as part of the broad strategy to ease fund flow to start-ups and small businesses. The measures, likely to be announced in the…
Year in Review: Kunal Shah of FreeCharge biggest angel investor in 2016
Top 10 corporate leader-turned-angel investors, including Anupam Mittal, Ratan Tata and Mohandas Pai, tightened the strings of their investment purses this year, putting their money in only 60 deals. Last year, the top 10 investors in the country had put their money in 209 deals, according to the…
Nandan Nilekani invests $5 mn more in e-Commerce start-up 10i Commerce
Infosys Ltd Co-Founder Nandan Nilekani has invested $5 million more in Bengaluru-based e-commerce start-up 10i Commerce Services, according to regulatory documents and a person familiar with the matter. With the latest investment, the former chairman of the Unique Identification Authority of Indi…
Indian IT will hire more small firms as they look to bridge digital gaps
Indian IT services firms may invest aggressively in acquiring smaller firms in 2017 to enhance digital technology capabilities. A large chunk of these acquisitions by companies such as Wipro, Cognizant, Tata Consultancy Services and Infosys, others will be driven by the need for transformation as…
Israel’s OurCrowd looks to bring more Indian investors on board
Israeli crowdfunding platform OurCrowd is looking to bring Indian angel investors on board to fund companies in Israel and in other countries and has caught the interest of prominent angel investor Mohandas Pai as well as Indian crowdfunding platform LetsVenture. Pai said he is set to join the pl…
Indian UAV start-up ideaForge raises funds from Infosys
Infosys said on December 15 that it has invested an undisclosed amount in the Indian UAV manufacturing startup, ideaForge. Infosys has been aggressively investing on startups in the current quarter. It will fund ideaForge through its Innovation Fund. The investment is subject to receipt of regula…
Online events platform Hubilo secures angel funding
Ahmedabad-based events startup Hubilo Softech Pvt. Ltd has secured an undisclosed amount of angel funding from 12 investors, including Freshdesk CEO and Co-Founder Girish Mathrubootham, multiple media reports said. Hubilo will use the funds to develop its technology platform and grow its sales an…