Infosys co-founder Nandan Nilekani and venture capitalist Sanjeev Aggarwal have launched a $100-million venture fund to back mid-stage start-ups that solve unique Indian problems in the consumer technology space. While Nilekani is looking to back companies that target India’s domestic economy, he…
Tag: ShopX
ShopX enters into strategic tie-up with Puma
New Delhi: Digital offline platform ShopX has entered into a strategic tie-up with Puma, which would help the German sportswear firm scale up its footwear business in tier II markets. Puma will leverage ShopX’s digital offline model to scale up its footwear business and help it establish pr…
India’s fintech sector rises to 72 start-ups in last 3 years
Fintech start-ups in the country has seen a large growth in recent times in India. At a time when the government has been aggressively pushing for digital payments and bringing into a formal ID system, increased funding and tax reliefs have pushed such start-ups. There are currently 72 start-ups …
Nandan Nilekani teams up to set up VC firm to fund mid-stage start-ups
Bengaluru: Infosys Co-Founder and Aadhaar architect Nandan Nilekani is teaming up with venture capital investor Sanjeev Aggarwal to set up an investment firm that will back midstage startups, according to four people aware of the plans. The fund, with a corpus of at least $100 million, will consi…
Nandan Nilekani invests $5 mn more in e-Commerce start-up 10i Commerce
Infosys Ltd Co-Founder Nandan Nilekani has invested $5 million more in Bengaluru-based e-commerce start-up 10i Commerce Services, according to regulatory documents and a person familiar with the matter. With the latest investment, the former chairman of the Unique Identification Authority of Indi…
Market potential huge, e-tailers bound to succeed: Nilekani
E-commerce players in India are bound to succeed because of huge market opportunities, and the coming Diwali season will be a pointer to where this space is headed, says Infosys Co-Founder Nandan M Nilekani. He is also of the view that a prudent cash management and improved customer experience wi…
Nilekani invests in e-commerce startup 10i commerce services
Infosys Co-Founder Nandan Nilekani has put his weight behind an ecommerce startup for the first time, backing a venture that seeks to help small traditional shops fight online and organised retailers with the use of technology. After operating quietly for over a year, Bengaluru-based 10i Commerce…