Lately, there is a bit of China in some of the top Indian startups, from e-commerce platform Snapdeal and mobile wallet giant Paytm to ride sharing company Ola and travel portal MakeMyTrip. In the last year or so, India’s startups have seen an influx of investments from China’s top technology fir…
Tag: MakeMyTrip
pi Ventures to invest Rs 200 cr in AI-focussed start-ups
Bengaluru: For Manish Singhal and Umakant Soni, it was a decision that had all the reasons to be made. With entrepreneurs finding novel ways to generate previously untapped data, artificial intelligence (AI)-based startups are gaining importance these days. So, they set up a unique AI-focussed fu…
India has five years to build strong research led IT: Nasscom, VP Industry Initiatives
Software lobby group Nasscom is looking at expanding the number of start-ups in India, incubating and nurturing them to grow at its centres. While the target is to reach 10,000 start-ups, the focus is also to build specialised start-ups in emerging technology areas. “So one of the outputs o…
How India’s top start-ups are expected to perform in 2017
2016 was a year of rationalisation for Indian startup sector as most big investors spent cautiously unlike in 2014 and 2015 when it saw a new high in terms of irrational investments. In 2016, companies in sectors such as food-tech and hyperlocal logistics who were sustaining operations on externa…
HR analytics start-up inFeedo raises $200k in angel round
HR analytics platform inFeedo has raised $200,000 from a clutch of investors led by Dheeraj Jain, Managing Partner, Redcliffe Capital and Anupam Mittal, CEO of Shaadi.com. Ameera Shah, CEO of Metropolis; Vivek Bhargava, Group CEO of DAN Performance; Rahul Singh, CEO of Beer Cafe and Ambarish Gupt…
Hedge funds fleeing Indian start-up market
Hedge funds were all over the Indian startup scene last year. Look around now and it will be hard to spot one. They have simply fallen off the cliff in 2016. There have been only 10 deals involving hedge funds in the first three quarters of 2016, compared to 50 deals in the same period […]…
Fintech start-ups anticipate rise in borrower data since many SMEs will be forced to transact online
Bengaluru: Financial-technology startups are anticipating a rush of users as the government restricts the flow of money to check corruption, including from among the likes of drivers and store-keepers, for many of whom banks remain alien territory. One likely impact of the government’s decision N…
OYO shifts strategy, moves away from ‘minimum guarantee’ model
In a move to reduce cash burn, Softbank-funded budget hotel accommodation provider, OYO Rooms has almost stopped giving minimum guarantee of occupancy, it offered to partner hotels. It now purely operates on a revenue share model, according to a top company executive. “Minimum guarantees have bee…
Indian start-ups to get Superbrands status
Superbrands, the coveted multinational brand endorser, will be endorsing the most significant start-up brands in this country. SuperStartUps, this project for new businesses in India, will also offer all the associated facilities like profilng of the firm in its annual book and to be able to use …
Flipkart CEO Binny Bansal leads $1 million seed funding round in YumLane
Flipkart Chief Executive Binny Bansal has led a $1-million (about Rs 6.6 crore) seed funding round in Mumbai-based fast moving consumer goods startup QwikPik Technology, which owns and operates the YumLane brand of food products. Other investors that have also participated in the round, a first f…