Early stage venture capital firm YourNest on September 27 announced the launch of its second fund, YourNest India Fund II, with a corpus of Rs 300 crore. The firm has also brought onboard Vivek Mansingh, who has previously served as President of Cisco’s Collaboration and Unified Communicati…
Tag: startup
Indonesia’s Go-Jek acquires Bengaluru start-up Pianta for talent
Indonesian on-demand motorcycle taxi service Go-Jekhas acquired Bengaluru-based home health care service Pianta, founded by former Ola executives, for an undisclosed amount as it looks to shore up on talent at its India engineering centre. Go-Jek will integrate the entire team from Pianta, includ…
Interest of global tech giants including Apple, Intel revives in Indian startup space
Apple’s recent acquisition of Indian machine-learning startup Tuplejump offers further evidence of a revival in the interest of global technology giants in the country’s startup space, especially in areas such as artificial intelligence, cloud infrastructure and automation. Enthusiasm…
CPSUs need steps to meet 20% procurement target from MSMEs: LUB
Industry body Laghu Udyog Bharti (LUB) said that Central Public Sectors Units (CPSUs) need to take measures towards achieving the target of 20 per cent procurements from MSMEs. “So far 43 CPSUs out of a total of 277 CPSUs have achieved the target of 20 per cent.” Hitendra Joshi, Presi…
The shoddy state of start-up incubators in India
On January 16, 2016, Prime Minister Narendra Modi concluded the Start-up India conference in New Delhi, with an action plan for how to promote entrepreneurship and young enterprises in the country. Now, more than the start-ups, it is the ecosystem that badly needs our attention today. If we want …
Start-ups will continue to disrupt business, say investors
The start-up culture, which has gathered pace in the country, will continue to disrupt traditional business models in a significant way, according to investors which have funded such activity. “Traditional businessmen understand business in their own way. That person will discount you in the firs…
MP govt created Rs 100 cr venture fund for entrepreneurs
Madhya Pradesh government has created Rs 100 crore venture fund for budding entrepreneurs with innovative ideas for setting up industries, Chief Minister Shivraj Singh Chouhan said here. A senior official of Madhya Pradesh government said they may announce a Startup Policy on October 1. Chouhan, …
T-Hub to invite & encourage start-ups for UberExchange programme
Taxi-hailing app Uber signed a pact with technology startup incubator T-Hub, set up by Telangana government, for UberExchange programme. As part of the deal, T-Hub will be leveraging its expertise in shortlisting 20 start-ups through existing network of both the organisations, according to Eric A…
Bengaluru start-up brings stethoscope home 200 years after invention
From a simple wooden pipe in 1816 to a device that’s undergone several improvements today, the stethoscope has been a doctor’s close friend. And in the 200th year of its invention, a digital innovation by a Bengaluru start-up holds the promise of bringing it home for the first time. T…
Reliance Jio sets aside Rs 5,000 cr fund for startups
Reliance Jio has parked Rs 5,000 crore venture capital fund to help young entrepreneurs in the country build their business. Speaking at Reliance Industries 42nd annual general meeting, Chairman Mukesh Ambani said Reliance Jio’s aim is to build a platform for young Indians who want to creat…