Over $5.56 billion was invested across 452 Indian tech start-ups during the period January-June 2017. While in Q1 2017 about $1.46 billion was invested across 206 start-ups, Q2 witnessed 217 deals amounting to $4.1 billion in funding.
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Tag: Paytm
Paytm Mall launches one-stop solution for SMBs to gear up for GST
Earlier this month, Paytm Mall had launched a comprehensive seller-assistance programme to help merchants become GST-compliant on its platform. The company helped sellers get accessed to GST network (GSTN) numbers.
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Darwinbox raises $4 m in series A from Lightspeed Ventures & existing investors
Darwinbox, a human resources software-as-a-service (SaaS) startup, has raised $4 million (about Rs 25 crore) in a series-A round of funding led by Lightspeed India Partners. The company plans to leverage the new infusion of capital for product innovation and market expansion. Founded by Roh…
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…
#3YearsOfModiGovt: ‘Nothing much changed on ground for start-ups’
The Narendra Modi government has made a lot of promises for entrepreneurs in India, but how many of them have really helped the startup sector is a question that begs an answer. Whatever the answer, which is detailed below, a general consensus is that it is the first government that has paid more…
Logistics start-up Delhivery secures $30 m from Fosun International
Gurugram-based e-Commerce logistics firm Delhivery has secured $30 million (Rs 194 crore) in funding from Chinese international conglomerate Fosun International. This additional investment is a part of the bigger equity financing round that saw a $100 million funding from The Carlyle Group, earli…
Want to help small firms fight big companies: Vijay Shekhar Sharma, Paytm
From its beginnings during dotcom bubble as a mobile value added services company, to becoming the fastest-growing payments players in the country, Vijay Shekhar Sharma’s One 97 Communications has become one of the most valued digital companies in India with mobile wallet brand Paytm. Now w…
हरियाणा: पेटीएम से एमओयू रद्द, सरकारी ई-वाॅलेट से होगा लेन-देन
हरियाणा सरकार ने सरकारी कर्मचारियों और प्रदेश में डिजिटल पेमेंट को बढ़ावा देने के उद्देश्य से ई-वॉलेट कंपनी पेटीएम के साथ किया एमओयू रद्द कर दिया है। यह एमओयू गत 23 फरवरी को नई दिल्ली में हरियाणा औद्योगिक अवसंरचना विकास निगम (एचएसआईआईडीसी) और पेटीएम के अधिकारियों के बीच हुआ था। इस पर एचएसआईआईडीसी…
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…
Here’s how Chinese investors are helping Indian start-ups
The first time iXigo Founder Aloke Bajpai pitched to Fosun Kinzon Capital, the venture capital arm of Chinese conglomerate Fosun, it was through an interpreter. He was uncomfortable with the language barrier — a major factor that impedes the intermingling of the start-up ecosystems of the two nei…