Global consulting and technology company Accenture and Indian IT trade body Nasscom say that greater collaboration between Indian and Israeli startups can lead to an investment of $25 billion in the two country’s start-up ecosystem and create 25 products with revenue of $1 billion each by 2…
Start Up India
Indian start-ups look for investors as funding hits rock bottom
Monsoon is yet to arrive for Indian start-ups that have been waiting to see venture capital firms flushed with cash open up their purse strings after a reality check on investment euphoria dried up early-stage capital flow. The number of start-ups that got funded in the last three months dropped …
Indian-promoted fintech firm InstaRem raises $13m in round-3 fundraising
InstaRem will use the money to build its payment infrastructure, which has grown eight times in volumes since its March 2016 funding. The investment will also be used to boost the employee strength of its office in Mumbai, where most of the company’s teams are based
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Start-up Ecolirium Energy raises $2.6m from Infuse Ventures Inc & JLL Technology Ventures
Ahmedabad-based Ecolibrium Energy has just raised $2.6 Mn (INR 18 Cr) in funding from Infuse Ventures Inc, JLL Technology Ventures and an anonymous angel investor. Ecolibrium Energy is a cleantech start-up with an IoT product – SmartSense. The investment will be used to expand the company’s inter…
Numaligarh Refinery launches start-up initiative to foster entrepreneurship in NE
Numaligarh Refinery Limited (NRL) launched its start-up initiative to foster an entrepreneurial culture in the Northeast region. “The initiative, IDEATION 2017, aims to focus on prospective entrepreneuers from the region by selecting promising ideas and assisting them to grow,” …
Lessons Indian entrepreneurs can learn from Israel — the Start-up Nation
In their bestseller, Start-up Nation: The Story of Israel’s Economic Miracle, authors Dan Senor and Saul Singer raise and try to answer a question: How is it that Israel — a country of 7.1 million people, only sixty years old, surrounded by enemies, in a constant state of war since its foun…
K’taka in talks to provide last mile connectivity to village-level entrepreneurs: Priyank Kharge
Think Bangalore, think start-ups. The city has firmly established its Silicon-Valley-of-India image in the last couple of years. But Priyank Kharge, Karnataka’s IT Minister is far from done. After creating a proactive incubation, mentoring, and funding infrastructure for start-ups, the 39-year ol…
IIITH launches CIE v2.0 initiative to foster deeptech start-ups
IIIT-Hyderabad has launched its deeptech start-up initiative, CIE v2.0 – the next generation of its Center for Innovation and Entrepreneurship, that has been incubating start-ups since 2008. This incubator in its 9 years has enabled over 300 start-ups and by 2013 was the largest academic incubato…
Capsula.Studio & Pinnacle Industries team-up to establish start-up accelerator
Capsula.Studio at Tel Aviv University has entered in a strategic partnership with Pinnacle Industries, a commercial vehicles seating and interiors company, to establish a start-up accelerator – Pinnacle Capsula.Studio, in Pune. The partnership aims to accelerate innovative entrepreneurs to …
Nandan Nilekani & Sanjeev Aggarwal float $100m tech fund to back mid-stage start-ups
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…