Reliance Corporate Advisory Services, an arm of Reliance Capital, on July 3, said that it has made an investment of about Rs 7 crore ($1 million) in alternative digital lending start-up Billionloans Financial Services Pvt Ltd. This is the second major start-up investment, after Paytm, by Reliance…
Start Up India
Centre to support innovators in all stages to nurture budding entrepreneurs
The Central government has broadbased the ‘Start up India, Stand up India’ initiative to encourage innovative ideas by people of various cross-sections, irrespective of their educational background, Union Minister of Science and Technology and Earth Sciences Harsh Vardhan said. Inaugurating …
Why Indian start-ups are looking abroad
When Avijit Sarkar was planning to set up a fintech start-up last year, he wanted to do it in the US, so that he would have access to a larger market. But, he soon realised that the incorporation expenses were high, and getting a visa could be difficult. He came across Estonia’s startup pro…
Maharashtra CM inaugurates fintech start-up accelerator ISME Ace
Indian School of Management and Entrepreneurship (ISME) Ace, India’s largest FinTech Accelerator Program, was inaugurated by Maharashtra Chief Minister Devendra Fadnavis. The program is managed by the Three Sisters Institutional Office. The specialised accelerator programme was launched in Mumbai…
Sitharaman urges MPs to set-up start-up incubators under MPLADS Fund
Government’s ambitious Startup India initiative seems to be at the heartland of Commerce and Industry Minister Nirmala Sitharaman. The Union Minister has been continuously striving for the promotion and utilization of the scheme to build a strong start-up environment in the nation. Sitharaman, in…
Noida firm develops digital platform for Govt’s ‘Startup India’ Hub
Noida-based digital technology firm, To The New (TTN), has designed the digital platform for The Startup India Hub, launched by the Department of Industrial Policy and Promotion, on June, 19. A first of its kind initiative, the Startup India Hub is aimed at promoting the ecosystem for start-ups a…
Fintech start-up Rubique raises $3 M bridge funding from Kalaari, Others
Mumbai-based fintech startup Rubique has raised $3 Mn in a bridge round of funding. The round was raised a few months ago but the company chose not to disclose it. Reportedly, it was a part of its $10 Mn-$15 Mn Series B round, the company announced mid 2016. The investment was led by existing inv…
FORMCEPT raises Series A funding from GVFL Ltd
FORMCEPT Technologies and Solutions Pvt. Ltd., an incubatee of Centre for Innovation Incubation and Entrepreneurship (CIIE) – IIM Ahmedabad, on June 27 said it has raised an undisclosed amount of Series A funding from GVFL Ltd. Co-founded by Suresh Srinivasan and Anuj Kumar, FORMCEPT is a d…
Fintech start-up Stashfin raises $5 m funding from snow leopard ventures, others
Delhi-based fintech start-up Stashfin has raised $5 Mn Pre-Series A funding from Snow Leopard Ventures and Singapore-based Alto Partners. Snow Leopard Ventures is the VC arm of the Kirloskar Group. Managing Partners at executive search firm Positive Moves, Vibhav Dhawan and Praveen Malhotra; Aven…
Govt to set up workspace for start-ups in Mangaluru
India’s first government-owned co-working space for start-ups is set to come up in Mangaluru, offering cutting-edge technology such as 3D printing and new-age digital infrastructure, such as high-speed Internet. “We felt there was a great dem and for a co-working space in Mangaluru. Many start-up…