US-based data storage and management company NetApp has announced the launch of its first startup accelerator in Bangalore. The programme, called NetApp Excellerator, is open to startups with solutions in Internet of Things, cloud, Big Data and analytics, machine learning, virtualisation, data se…
Start Up India
13 start-ups pass Bosch’s DNA test on Indian innovation
Thirteen start-ups have graduated from Bosch India’s accelerator programme Discover, Nurture and Accelerate (DNA). The 18-week programme focused on development, mentoring and piloting of technology startups in aerospace, mobility, social impact, healthcare and agriculture, among others. …
Online lending platform ZipLoan raises pre-Series A round
Online lending platform ZipLoan, which is operated by Delhi-based Blue Jay Finlease Ltd, has raised $650,000 (around Rs 4.2 crore) in its pre-Series A funding round led by WaterBridge Ventures, a top company executive told. “In this round, we have raised $500,000 in equity and $150,000 in debt ca…
Growfitter raises $600k to expand its health & fitness services
Mumbai-based health and fitness discovery platform Growfitter has raised $600K in a Pre-Series A round of funding from San Francisco-based VC SQue Capital. With this round, Karan Chellani, Partner SQue Capital will join the Board of the company and Mukesh Makhija, the Managing Partner of Grace Ca…
Google deepens engagement with Indian start-ups via Sand Hill programme
Technology giant Google is deepening its engagements with startups in India and is working with a bunch of “high growth“ ventures as part of a global programme to mentor and deepen its technical engagement with the potential winners of tomorrow. Over the past year, Google has been working with In…
Coworking space BHIVE Workspace raises $1.2 m funding
Bengaluru-based coworking space BHIVE Workspace has raised $1.2 Mn in a fresh round of funding. This round of funding was led by Blume Ventures, along with investors including actor-director Ramesh Aravind, Meera Reddy (MD of SKCL), and other high net-worth individuals. The recently raised funds …
Hungry Foal raises funding from SBI under Stand-Up India scheme
Launched in April 2016, the objective of this Stand Up India scheme is to facilitate collateral-free bank loans between $15.5k (Rs 10 lakh) and $155k (Rs 1 crore) to at least one women borrower per bank branch for setting up a greenfield enterprise. The loan is repayable in seven years with a &nb…
Why Telangana is building the world’s second largest start-up incubator
In 2014, venture capitalists invested nearly $5 billion in Indian start-ups, mostly across metro cities. Hyderabad, with less than 10 per cent of the pie, was miserably behind Bengaluru, Mumbai, Delhi and Chennai. Founders would often relocate to Bengaluru and engineering graduates would skip tow…
Sundaram Finance to invest in Gyan-Dhan
Six-decades old Sundaram Finance Group, known for its conservative business model, opens its purse strings to invest in Delhi-based fintech start up Gyan-Dhan. The investment amount and stake in the startup were not disclosed. Gyan Dhan, promoted by IIT alumni and is an online market place for ed…
ftcash raises pre-series a funding from Ivycap ventures & 500 start-ups
Riding high on a rapid growth trajectory, ftcash, one of India’s fastest growing financial technology ventures, has raised an undisclosed amount of funding in a pre-Series A round from venture capital firms IvyCap Ventures and 500 Startups. The fintech start-up will utilize the newly-raised capit…