Large corporations, and not necessarily reputed tech schools like IITs or MIT, are the new startup garages as big businesses race to stay relevant, Mahindra Group Chairman Anand Mahindra has said. “The new garage is not necessarily in the MIT or Stanford or the IITs. It is in fact, back in …
Tag: Infosys
MagicX raises $1 million, to invest on team expansion
MagicX, an on-demand, chat-enabled, AI-powered app to manage day-to-day tasks, has raised $1 million from marque investors including Kris Gopalakrishnan (Co-Founder, Infosys), Dr Ranjan Pai (MD, Manipal Education and Medical Group), Ramaraj (Co-Founder, Sify), Hari Kumar (Lionrock, Singapore) and…
Top tech buyers to listen to pitches from Indian startups
For the better part of two decades, chief information officers of some of the world’s largest companies such as General Electric, Apple and Citigroup have looked at India as a lowcost destination to fuel their back-office software projects. That narrative started to change over the past few…
Wipro Ventures invests in US-based Emailage Corporation
Wipro Ventures, the $100-million venture capital arm of Wipro, has invested an undisclosed amount in US-based fraud prevention solution startup Emailage Corp for a minority stake, marking India’s third largest software exporter’s seventh such investment in early-stage ventures over th…
Robotics firm Systemantics gets next round of funding from Nandan Nilekani
Robotics firm Systemantics, which builds industrial robots for the manufacturing sector, has raised another round of funding from venture capital giant Accel Partners and Infosys Co-Founder Nandan Nilekani, a few years after it received backing from investors such as Blume Ventures. Systemantics,…
Angel Funding gains Tracxn with tech A-Listers joining in
Startup research platform Tracxn has raised a new round of angel funding from former UIDAI chairman Nandan Nilekani and former Infosys CFO Mohandas Pai, along with WhatsApp’s Neeraj Arora and Junglee Cofounder Anand Rajaraman. The startup said that the new set of investors will help it sell…
Tech Mahindra’s in-house startups may raise external funds
Tech Mahindra, the IT arm of Mahindra Group, expects two of its in-house startups to raise external funds by the end of 2016 as part of its plans to turn these entities into standalone companies. “Saral Rozgar and Microgrid could raise external money by the end of this year. We have seen so…
NRN panel bats for easier norms for VC, PE funds
A SEBI panel has recommended sweeping changes in rules governing venture capital and private equity funds in India to bring the norms in line with global practices and help attract capital flows, streamline tax collections and widen the participation of domestic and overseas investors. The Securi…
TV Mohandas Pai plans Rs 100-crore family office fund for technology startups
The Startup India initiative may well get a head start with investors showing an appetite to create additional venture funds in the country. Former Infosys Board member T V Mohandas Pai, one of India’s foremost angel investors, is finalising a family office fund which will look at seed funding t…
Nadella seeks ideas from start-ups to connect rural India
Microsoft is interested in working with Indian entrepreneurs to connect rural areas with technology and new economy, Chief Executive Officer Satya Nadella said on Monday. Nadella, who was on a four-day personal visit to Hyderabad to attend a family function, visited T-Hub, an incubation facility …