Bengaluru has emerged as the prime destination for IoT (Internet of Things) start-ups to set up base, as it accounts for 52 per cent of the total IoT start-ups in India, a study by Management Consulting firm Zinnov said. Bengaluru is followed by Delhi NCR with 12 per cent, Mumbai 11 per cent, Hy…
Start Up India
Make in India may help start-ups go forward robustly: Deloitte
Enormous innovation in FinTech space is taking place in India, says Andrew Vaz, Chief Innovation Officer, Deloitte Touche Tohmatsu Ltd. Here he shares Deloitte perspective of current innovations happening in the country: Q: Where does India’s innovation figure amongst global innovation? A: From a…
Foodtech start-up BOX8 secures $1 m venture debt from Trifecta Capital
Mumbai-based on-demand food delivery start-up BOX8 has raised about $1 million (Rs 7 crore) in venture debt funding from Trifecta Capital. This development comes right on the heels of the start-up raising $7.5 million (Rs 50 crore) Series B funding from IIFL Seed Ventures Fund and Mayfield Ventur…
Google Launchpad picks 6 start-ups from India, shows love for AI
Google’s Launchpad accelerator on May 24 announced its fourth batch of start-ups. The latest class of Launchpad has 33 start-ups from across Asia, Africa, Europe, and Latin America, including six from India. These companies will work closely with Google for six months. They get equity-free suppor…
Travel-tech start-up Travelspice raises seed round
Travel e-Commerce platform Travelspice has raised an undisclosed amount in seed funding from Bangalore-based early-stage investor Eagle10 Ventures, a company statement said. “Two-thirds of the fund will be deployed for marketing and the rest will go towards product development,” said Ramu Kallepa…
Kerala Startup Mission plans angel fund of Rs 30 cr for state-specific start-ups
Thiruvananthapuram: Ahead of the release of the Kerala IT and Startup policy, which is expected to be finalized in two weeks, Kerala Start up Mission (KSUM) plans to create an angel fund for state-specific startups with a total corpus of Rs 30 crore. “The state IT and startup policy is expe…
B2B’s time has come: Rajan Anandan, VP, Google India
Ace angel investor and Vice-President, Google India & South East Asia, Rajan Anandan talks about the challenges in the start-up environment in India. Edited excerpts: Q: Are investments hard to come by? A: Two things are going on. At very early stage the pace has not changed. Early stage inve…
2-day ‘Start-Up India Summit’ begins in Abu Dhabi
A two day “Start-Up India Summit” will begin in Abu Dhabi, UAE, on May 23. This is the first “Start-Up Summit” being held in the UAE by the Consul General of India (CGI) in Dubai and Embassy of India in Abu Dhabi in partnership with iSPIRIT, a nonprofit think tank and supp…
Real estate tech start-up Zipgrid raises $500k from 1crowd & Jll India
Mumbai and Ahmedabad-based real estate tech firm Zipgrid has reportedly closed a $500 K Pre-Series A round with investment commitment from 1Crowd and JLL India. The startup plans to use the raised funds to upgrade its existing technology and operations. Also, a part of the funding will be used to…
India’s first insurance start-up ‘Acko General Insurance’ raises $30m
Set up by Varun Dua, previously founder of Coverfox, Acko General Insurance has received it’s in principle regulatory clearance to launch a general insurance business in India. The company has received R1 license and has filed for R2 license with the insurance authority. In a regulated business, …