Business to Business (B2B) start-ups are observing an upward trend in the funding space given the growing demand for backend service support in the business ecosystem, said Mohandas Pai at a panel discussion of ‘BizLab Takeoff 2017’ organised by Airbus BizLab in Bengaluru. Pai, who is the Co-Foun…
Tag: Mohandas Pai
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…
Decoding govt’s Rs 10k cr “Fund of Funds for Start-ups”
The Union Cabinet, chaired by PM Narendra Modi, approved the establishment of the “Fund of Funds for Startups” (FFS) by the Small Industries Development Bank of India (SIDBI) in June 2016. This fund was sanctioned for contribution to various Alternative Investment Funds (AIF) registered with the …
For IT industry, GST roll-out a $1 b business
The Indian IT industry is chasing a $1 billion opportunity with the advent of the GST regime, at a time when the sector is going through a bad patch with a slowing demand environment. Industry observers feel that the GST roll-out will provide the sector an opportunity akin to the Y2K phenomenon, …
How a start-up can take steps with a mentor
I got “wings to fly” from IBM, says Sandeep Singh Kolhi, Co-Founder of a patent searching and analytics tool Xlpat. The US tech major mentored the tool, apart from offering infrastructure, training and hosting the platform on their cloud. “With IBM technology and services aiding us, we could focu…
PharmEasy raises Rs 111 cr in Series-B round
New Delhi: Mumbai-based pharmacy aggregator PharmEasy has closed a $17-million deal (around Rs 111 crore) in a series-B round by three of its existing venture capital investors, said a person aware of the deal. The funding indicates continued interest in the online pharmacy segment despite a repo…
SIDBI expert panel sanctions Rs 1,112 cr to funds for start-ups
An expert committee set up by SIDBI has sanctioned Rs 300 crore to fund managers who would invest in startups, taking the total sanctions so far this fiscal to over Rs 1,100 crore, the government said today. During fiscal year 2014-15 and 2015-16 sanctions were made to 11 funds (Rs 314 crores) an…
Budget 2017: Fails to assuage key concerns of start-up community
New Delhi: With falling investments and failing startups, the startup world was hoping for the government to take away the main pain points of its industry. While a few concerns were addressed by the Finance Minister Arun Jaitley during his Union Budget speech in the Parliament, the larger issues…
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…
Currency Switch Impact | ‘India could become a digital colony’ warns Mohandas Pai
With China and the US pumping in massive foreign capital into India’s digital economy, a top Indian investor and educationist has warned that the country could become a “digital colony” unless Indian businesses start investing in it. “India could become a digital colony,” warned Mohandas Pai, Cha…