Small and medium enterprises (SMEs) need to implement policies that encourage innovation. Many organisations are adopting measures to strengthen their ability to innovate.
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Tag: Kris Gopalakrishnan
Why innovation is the new SME growth stimulator
Small and medium enterprises (SMEs) need to implement policies that encourage innovation.
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Innovation gives birth to new businesses & accelerates economy, says Kris Gopalakrishnan
Infosys Co-Founder Kris Gopalakrishnan has said innovation and small and medium enterprises (SMEs) go hand in hand when it comes to economic growth. Innovation is important for every state and also good for the economy as well as SMEs, he said. Gopalakrishnan was speaking in an exclusive interact…
Nandan Nilekani & Sanjeev Aggarwal float $100m tech fund to back mid-stage start-ups
Infosys co-founder Nandan Nilekani and venture capitalist Sanjeev Aggarwal have launched a $100-million venture fund to back mid-stage start-ups that solve unique Indian problems in the consumer technology space. While Nilekani is looking to back companies that target India’s domestic economy, he…
Healthtech start-up grow fit raises $4.5 m funding from manipal group, others
Bengaluru-based healthtech startup Grow Fit has raised $4.5 Mn in Series A funding. The investment was led by Manipal Education and Medical Group (MEMG), the PE arm of Manipal Group. Existing investors, SAR Group and The Grover Trust also participated in this round. With this investment, Dr. Ranj…
Unbxd raises $12.5 m in series C from Infosys Cofounder & others
Unbxd, the cloud based product discovery platform for e-Commerce, has raised 12.5 million dollars in Series C funding led by Eight Roads Ventures, the proprietary investment arm of Fidelity International Limited, and from existing investors IDG Ventures, Inventus Capital Partners and Nirvana Vent…
IT Minister proposes special innovation zones to boost start-ups
At a meeting of the Indian technology industry’s stalwarts, the IT Minister Ravi Shankar Prasad called for greater cooperation between the government and industry and proposed setting up of special innovation zones to support start-ups better. The government estimates the digital economy to surpa…
Insurance platform Coverfox raises $15 m funding from Transamerica, others
Mumbai-based online insurance brokerage platform Coverfox has reportedly raised about $15 Mn (INR 96 Cr) in Series C round of funding. As per ET sources closer to the development, the round was led by US insurer Transamerica, along with the participation of existing investors. Glibberbug Technolo…
Start-ups will be the force multiplier to catapult country into a $10 t economy by 2030: iSpirt
India, which is in the midst of a startup boom, is ready to retake its place as a top five global economy by 2030, when its gross domestic product will cross $10 trillion. Sanjay Anandram, Advisor at iSpirt, a think tank for the Indian software products industry, said India is optimising to empow…
India’s first insurance start-up ‘Acko General Insurance’ raises $30m
Set up by Varun Dua, previously founder of Coverfox, Acko General Insurance has received it’s in principle regulatory clearance to launch a general insurance business in India. The company has received R1 license and has filed for R2 license with the insurance authority. In a regulated business, …