Bitcoin Growth Fund (BGF) a blockchain-based startup fund, has raised $14.5 million (Rs 95 crore) as part of its initial coin offering (ICO). The startup has already picked over $1.6 billion in the first 24 hours, with more capital continually pouring in over the past week. It plans to achieve an…
Start Up India
Why are food-tech start-ups once again investors’ choice in India?
At a time when investors’ confidence in the Indian start-ups ecosystem shook in post 2015, questions were being raised on the survival of market-sensitive sectors. Food technology being the worst hit saw funding slump down to $80 million in 2017 from an attractive $500 million in 2014. Are food-t…
71% Indian SMEs optimistic about domestic economy: Report
The confusion surrounding the implementation of India’s biggest tax reform – the Goods and Services Tax (GST) – has not dimmed the optimism of Indian SMEs (Small and Medium Enterprises) about domestic economic growth. A survey commissioned by American Express and carried out by …
Start-ups @ 10: A decade of disruption
Bengaluru: As Internet start-ups enter their second decade, they have one message alike for demanding customers, disrupted traditional businesses and bewildered regulators: the fun has just begun. It’s a truism that most of us continually underestimate the impact of technology. For evidence, cons…
IIT-Kanpur extends Rs 25 lakh seed fund to rural job hunt start-up
Supporting the central government’s Startup India project, the Indian Institute of Technology in Kanpur (IIT-K) pumped in Rs 25 lakh as seed funding in rural job search start-up Eezy Naukari. The Kanpur-based company aims to help job seekers in rural areas find work opportunities in the cities ac…
Mumbai based Niyogin Fintech raises $36m
Niyogin Fintech Limited (earlier known as M3 Global Finance Limited) announced the intention to raise upto Rs 235 crore ($36M) by preferential issue of shares to a group of marquee investors. Equirus Capital acted as the sole financial advisor to the Company for the transaction. Niyogin Fintech …
Govt to operationalise 4 mega food parks in 3 months
The government on May 30 said it is working on a rapid pace for the development of the food processing sector and about four mega food parks will be made operational in the next three months. The industry is taking interest in the food processing sector as the government has received 300 proposal…
Swiggy raises $80 m from Naspers, existing investors
Online food delivery platform Swiggy on May 30 said it has raised $80 million (over Rs 517 crore) in Series E funding led by global internet group and technology investor Naspers. The funding saw participation from other existing investors Accel India, SAIF Partners India, Bessemer Venture Partne…
Collateral medical raises $3.5 m funding from Carpediem Capital
Mumbai-based healthtech start-up Collateral Medical has secured $3.5 mn its Series A round of funding from PE fund, Carpediem Capital. Intellecap’s Investment Banking Group acted as advisors for the deal. The startup will deploy the raised funds towards scaling distribution capabilities, expansio…
Oracle expanding its start-up Cloud Accelerator from Bengaluru to Delhi-NCR & Mumbai
Oracle is expanding its Startup Cloud Accelerator from Bengaluru to Delhi-NCR and Mumbai in India. Oracle OpenWorld (Delhi NCR & Mumbai centers now live, and the call for applications for these 2 cities as well as in Bengaluru). In a conversation, Sanket Atal, Group Vice President of Developm…