Bengaluru: The 6th Annual IoT Innovation Conclave and Exhibition 2017 was organised by Konnect Worldwide Business Media Pvt. Ltd, with more than 300 participants being ecstatic about the future of IoT technology in India. This was the 6th edition of this highly successful event. Deloitte TMT Pred…
Start Up India
Agritech start-up AgriServices ropes in $10m in Series-B
Mumbai: EM3 AgriServices, a private sector farm mechanisation services company, has raised a $10 million Series B round from London-based Global Innovation Fund (GIF) and existing investor Aspada. The company had earlier raised a $3.3 million Series A from Aspada in June 2015. EM3 AgriServic…
Lending firm Five Star Business Finance bags $50 m from Sequoia Capital & others
New Delhi: Sequoia Capital India and US-based Norwest Venture Partners have led a $50 million (Rs333 crore) equity investment in Chennai-based lending firm Five Star Business Finance, the non-banking financial company said on August 9. The round accorded a post-money valuation of Rs 1,300 crore t…
Internet start-ups top the enterprises chart in India; Delhi-NCR leads the clan
There is a boom in the number of internet start-ups in India accounting to a total of 18,648 across all major cities, suggests a latest report on the city-wise and sector-wise distribution of these enterprises. Delhi NCR takes up the top position with a whopping 6080 internet start-ups. Further c…
Entrepreneurial ambition among the workforce is highest in India: Survey
Entrepreneurial ambition among the workforce is highest in India, with 56% of respondents in a survey indicating that they are considering leaving current jobs to start their own business. According to the Randstad Workmonitor survey, 83% of the Indian workforce would like to be an entrepreneur, …
IIT-Madras Incubation Cell bags $1 m from Singapore-based company
New Delhi: A start-up born at the IIT-Madras Incubation Cell has bagged a million dollar order from a Singapore-based company to transfer technology used by its first two products. The key focus of the technologies is clinical training using virtual patients so that actual treatment becomes safer…
Logistics start-up Truxapp raises $3.1 m in pre-series A from a group of investors
Delhi-based logistics startup Truxapp was founded by Manmohan Agarwal along with Dhruv Khandelwal, Sharad Pratap Singh and Naseer Ahmed. Launched in 2015, the startup is a mobile-app based logistics service which connects truck owners to businesses. Agarwal is also co-founder of e-commerce portal…
Forex solutions provider MyForexEye secures $220k in pre-series A from HNI’s & bankers
Myforexeye, India’s first full service Forex Company has raised pre-Series A funding of $220k from a clutch of individual investors. The investment has been made by HNI’s and senior bankers from India and overseas. The investment round saw participation from Rahul Dev Kumar, Executive Director – …
IAN & BIRAC come together to nurture bio-tech start-ups
Indian Angel Network (IAN), the world’s largest angel network, on August 8 said it has signed a memorandum of understanding (MoU) with Biotechnology Industry Research Assistance Council (BIRAC) to invest into biotechnology startups and bring the ecosystem together to promote biotech industry in I…
Post Startup India, over 2,195 new ventures get DIPP recognition
New Delhi: Over 2,196 new ventures have been recognised by the Department of Industrial Policy and Promotion (DIPP) since the launch of Startup India, easing patent filing and credit availability for them. Government data shows there has been a spurt in registrations of startups following the cha…