As many as thousand start-up companies in India will be funded through various sources during the year 2016, according to a recent study. The VCCircle Network has released key insights from the VCCEdge Q1CY2016 Startup India Funding Report in the run-up to the Bengaluru edition of the News Corp V…
Tag: Venture Capital
Uttar Pradesh MSME sector received investment of Rs 13,000 crore
The Micro, Small and Medium Enterprises (MSME) sector in Uttar Pradesh received a total investment of about Rs 13,000 crore during the Eleventh Five Year Plan (2007-12). The MSME sector contributes 60 per cent of the state’s annual industrial output, employs 9.2 million people and generates…
Banks look to cash in on start-up wave by carving a new segment
Many banks have established a separate internal segment to cater to the needs of start-up entities, as they see value in building a relationship with some of these expected to become large companies in years to come. “For the first time in our country, entrepreneurship is being promoted in …
ASSOCHAM wish-list to step-up Credit Flow to MSMEs
India’s apex industry body Associated Chambers of Commerce and Industry of India (ASSOCHAM) wish-list to banks to improve credit flow to MSMEs: Managers of specialized MSME bank branches should be given more powers and flexibility. The specialized MSME branch should focus only on MSMEs. RBI shoul…
Social Venture Capital sees 8 per cent rise during 2015
Social Venture Capital firms have invested about $95 million over 53 deals in India during the 12 months ended December, according to data from Venture Intelligence. Deal activity increased 8.2% compared to 2014 which had witnessed 49 such investments valued at $106 million. The larger sized inve…
VC investments in Non-Tech firms surge in 2015
There is nothing new about Venture Capital (VC) funds globally investing outside technology businesses. But, this is now getting traction in India. When Sequoia invested in craft-beer company Bira91 this month, it only accentuated the trend that saw record investments of $1.9 billion in 2015 acro…
Primarc group sets up venture capital fund for start-ups
Kolkata-based Primarc Group, which is into real estate and retailing, has set up a venture capital fund targeting start-ups. According to Sidharth Pansari, Director, Primarc Group, the fund – Primarc iVenture – will look to fund start-ups at an angel stage or even at advanced ones. “In the angel …
SBI to set up special branch for start-ups in Bengaluru
The nascent yet burgeoning start-up ecosystem has caught the attention of SBI. The country’s largest bank will soon set up a first-of-its-kind branch to cater exclusively to the growing banking needs of start-ups. The bank has zeroed in on Bengaluru, the so-called Silicon Valley of India, for set…
Indian start-ups raised $5.5 billion (Rs 36,000 crore) during 2015 |VCCEdge
Indian start-ups raised $5.5 billion (Rs 36,000 crore) from Venture Capital (VC) firms and angel investors in 1,096 deals during 2015, as they looked to participate in the country’s economic growth story, according to VCCEdge, the research arm of online publisher VCCircle that tracks start-up fun…
Daiwik Hotels bets big on pilgrim hotel biz
Kolkata-headquartered fledgling hotel group Daiwik Hotels Pvt Ltd is betting big on the growth of pilgrim hotel business in the country. The company, which at present, runs two full service 4-star pilgrim hotels at Rameswaram in Tamil Nadu and Shirdi in Maharashtra, has lined up plans to come up …