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…
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20% of all applications received from smaller towns | Startup Expo
The Indian startup revolution is not limited to metros anymore; one-fifth of applications for a Startup Expo being organised by Lufthansa Airlines and The Indus Enterprise have come from smaller towns. Out of 34,000 applications for the one-day expo in Gurgaon this weekend, about 20% came from to…
WOW Momo gears up to become India’s McDonald
From a one-outlet brand to a 50-outlet pan-India chain, “Wow! Momo” certainly seems to be making it big in the restaurant brand space. Started by two college buddies even before coming out of the college, ‘WOW Momo’ now has 50 outlets across Kolkata, Chennai, Pune, Bangalo…
Start-up India has Rs 930-crore legs to stand on
The government’s `Startup India, Stand Up India’ programme seems to be gaining some momentum, with the Small Industries Development Bank of India (Sidbi) clearing Rs 930 crore from the Rs 2,000-crore fund-of-funds it launched in August to support venture capital funds. Sidbi’s I…
Start-ups have put India on the World map | CII Report
Start-ups have put India on the World map by making it the third–ranked global start-up ecosystem in 2015. However most of the start-ups as well as their backers and financiers are located in Delhi, Bangalore and Mumbai, A report on start-ups released at a CII Conclave said. The focus tends to be…