New York: A hybrid electric aircraft startup founded by an Indian-origin entrepreneur has received investments from aerospace giants — Boeing and JetBlue owing to its goal to develop alternative propulsion aircraft. Zunum Aero, founded by Ashish Kumar three years ago in Kirkland, Washington…
Tag: McKinsey
MSMEs to benefit from smart city, renewable energy & Digital India initiatives
Micro, Small, and Medium Enterprises (MSMEs) and the country’s economy get a boost when sustained major investments take place in sectors that are reliant on high tech and aligned with global trends. While increasing dependence on renewable sources of energy and building new cities that are…
Indonesian start up Go-Jek acquires 3 Indian start-ups, eyes more
Backed by Sequoia Capital and Yuri Milner’s DST Global, Go-Jek is the first unicorn in Indonesia. The Indonesian startup, which was founded in 2010, has acquired 3 start-ups in India since the beginning of 2015.Go-Jek has plans to acquire more startups in the devOps and mobile engineering s…
Google India VP invests in education startup Stoodnt
Palo Alto-based education startup Stoodnt, which helps students aspiring to study abroad by connecting them with high-quality college admission counsellors, and providing guidance, insights and online tools, has raised an undisclosed amount in funding from Rajan Anandan, Vice-President, Google, S…
IndiaOnline.in launches India’s first all-in-1 marketing solutions for SMEs
India Online Network, headed by www.IndiaOnline.in, has launched its new revolutionary product ‘All-in-1 Marketing Solutions’ for Small & Medium Enterprises (SMEs) across the country which enables SMEs to manage their online presence with ease and reach out to new customers in a very cost-eff…
Rs 4 crore grooming kit for Bombay Shaving Co
Men’s grooming startup Bombay Shaving Company has raised Rs 4 crore ($600,000) in seed funding from a clutch of angel investors including McKinsey India MD Noshir Kaka, and Subramanian Ramadorai, an advisor to the Prime Minister, people aware of the development said. Other investors in the …
Fastfilmz to help users to send high quality movies without data to other users
Fastfilmz , a startup engaged in regional film streaming, has patented a technology that would help users of its mobile app to send high definition movies to their friends with close to no data usage and no Bluetooth in just about 10 seconds. It will be launched as an additional feature within 10…
Fourthlion offers Nandan Nilekani’s poll campaign technology to parties
The technology backbone which Infosys Co-Founder Nandan Nilekani’s team built ahead of the 2014 Lok Sabha election for his poll campaign is now available to parties and elected representatives across the political divide. FourthLion, the tech startup mentored by Nilekani, is offering the pl…
Dr Reddy’s to invest in startups
Dr Reddy’s Laboratories (DRL) will be investing in startups besides partnering with external entities for research and innovation. “You cannot expect people to focus on increasing market share, growth, and driving the business while also disrupting the world. So for the disrupt part, …
Govt pledges to enable Exports Environment
The government will help create an enabling environment and provide financial support to facilitate exports of telecom products, Commerce Secretary Rita Teaotia said. “I would like to assure the government is committed to facilitate exports to other parts of world,“ Teaotia said at a Telecom Equi…