Southeast Asian fashion marketplace Zilingo has raised $17 Mn in Series B funding round. The investment was led by Sequoia Capital India & Burda Principal Investments. Tim Draper, founder of DFJ also joined the Series B funding round along with the family office of Ma…
Tag: Shailendra Singh
Govt to launch networking platform for start-ups in April
New Delhi: Come April, start-ups will have a Linkedin-like platform to discover and interact with investors, mentors, incubators and other service providers in the entrepreneurial ecosystem. The new platform—an upgrade of Start-up India Hub launched in March last year—will intelligently connect s…
Sequoia backed Druva raises $51 million in series E funding
Data protection solutions provider, Druva raised $51 million in series E funding from a consortium of investors led by Sequoia India. The round was led by existing investor Sequoia India and joined by new investors – Singapore-based EDBI, as well as Blue Cloud Ventures and Hercules Capital. It al…
Startups aren’t celebrating Procurement Policy yet
Though the government’s Procurement Policy, which reserves a percentage (20%) of its procurement as the portion to be fulfilled from small enterprises, effectively opened up to startups under the Startup India Action Plan, there still needs to be a lot done on the ground before startups can…
Sequoia Capital looking to invest about Rs 100 crore in outdoor gear manufacturer Wildcraft
Sequoia Capital is looking to invest about Rs 100 crore in Bengaluru-based outdoor gear manufacturer Wildcraft, people aware of the development said, in what will be the venture capital firm’s second round of funding in the company. In 2013, Sequoia had pumped in close to Rs 70 crore in Wil…
Start-Up registrations to be simplified
Move is afoot to launch a portal as also an app to make the registration process for start-ups easy and hassle-free, a top government official said here. Highlighting the five pillars around which the Action Plan for start-ups has been developed, Shailendra Singh, Joint Secretary and Chief Vigila…
SIDBI okays Rs 600 crore under India Aspiration Fund
The Small Industries Development Bank of India (SIDBI) has approved Rs 600 crore under the India Aspiration Fund so far, said the Joint Secretary and Chief Vigilance Officer, Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Shailendra Singh on February 21 Singh pa…
Women entrepreneurs should start up new enterprises | Nirmala Sitharaman
Only eight per cent of the start-ups in the country are run by women and hence, women entrepreneurs should come up with more enterprises, Union Minister of State for Commerce and Industry Nirmala Sitharaman said. She was speaking at a session on Start-Up India organised by Young Indians (Yi), Con…