Tata group chairman emeritus Ratan Tata, a serial start-up investor, said on September 20 that he will support startups that have founders who have passion to build sustainable company rather than scaling it up just to sell it. Tata has been investing in startups in India and abroad. Some of thes…
Tag: Ola
‘GSTN & UPI will extend lending hands to finance starving MSMEs’
GSTN will bring online seven million organizations and five billion invoices every month, while street-side micro-entrepreneurs will soon be able to leverage their transaction data through Unified Payment Interface (UPI) apps to access micro-loans
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NITI Aayog looks to set up 1k tinkering labs
NITI Aayog CEO Amitabh Kant has stated that this year, the Atal Innovation Mission (AIM) scheme will look to select 1,000 schools. They will receive a grant of about $31K (INR 20 Lakh) each. The money will be utilised to set up tinkering labs to foster innovation, as per a recent report. The repo…
B2B’s time has come: Rajan Anandan, VP, Google India
Ace angel investor and Vice-President, Google India & South East Asia, Rajan Anandan talks about the challenges in the start-up environment in India. Edited excerpts: Q: Are investments hard to come by? A: Two things are going on. At very early stage the pace has not changed. Early stage inve…
Funding Revival: Chinese & US tech corporates re-energise Indian start-ups
There’s a start-up funding revival in 2017, and it is being driven by Chinese and US tech companies. In 2015, it were hedge funds and pension funds that played a big role in large funding rounds, and it was their retreat that led to the slowdown of 2016. But now, corporate funds have come t…
VC start-up investments hit 22 month low of $125m in April
Even as April saw poster boys of the start-up ecosystem Flipkart and Ola rack up funds, overall investments touched new lows. Venture capital funding marked a 22-month low at $125 million across 31 deals. The number of investments shrank by 6 per cent compared with the same period last year, whil…
CureFit secures $3 m from RNT capital, others; launches healthcare app
Part of the famous Flipkart Mafia, Mukesh Bansal and Ankit Nagori’s startup CureFit has reportedly secured $3 m in funding from Tata Sons Chairman Emeritus Ratan Tata’s RNT Capital, and other angel investors. The round also saw participation from Gokul Rajaram, product engineering lead, Square; A…
Here’s how SoftBank plans to rejig the Indian online start-up industry
After ploughing about $2 billion into minority stakes in Indian e-Commerce businesses over the past few years, Japan’s SoftBank is upping the stakes, looking to play consolidator and take a more active role at a trio of leading start-ups. According to sources with direct knowledge of the ma…
I want every rich Indian to start investing in start-ups: Paytm’s Vijay Shekhar Sharma
43-year old Vijay Shekhar Sharma who runs e-commerce firm Paytm backed by Chinese investors, on Thursday said that India’s traditional business houses should start investing in domestic startups. He added that Indian entrepreneurs need foreign investors largely because of the lack of availa…
Mumbai based hyperlocal delivery app Scootsy raises $3.6 mn from agnus capital, others
Mumbai-headquartered discovery and delivery service provider Scootsy has raised a $3.6 Mn Pre-Series A round led by Agnus Capital and Khattar Holdings. AntFarm, Scootsy’s incubator, also participated in this investment round. Founded in July 2015 by Rishi Khiani, Sandeep Das, Sanjay Ghai and Sun…