The second day of the ongoing Women Economic Forum in New Delhi saw Polish Ambassador to India, Tomasz Lukaszuk, speaking on women rights and start-up culture in Poland, and what lies ahead for budding entrepreneurs in India. Edited excerpts: Q: How is the Polish start-up culture different from I…
Start Up India
UClean inks Rs 35 cr partnership with Alliance Laundry Systems
Mumbai: Gurgaon based laundry startup UClean has partnered with US-based Alliance Laundry Systems – global manufacturer of commercial laundry equipment. The partnership will see Alliance Laundry Systems supply equipment worth Rs 35 crore to UClean over the next 3 years. “Alliance Laundry Systems …
Decoding govt’s Rs 10k cr “Fund of Funds for Start-ups”
The Union Cabinet, chaired by PM Narendra Modi, approved the establishment of the “Fund of Funds for Startups” (FFS) by the Small Industries Development Bank of India (SIDBI) in June 2016. This fund was sanctioned for contribution to various Alternative Investment Funds (AIF) registered with the …
Indian start-up scene very important for Oracle CEO Safra Catz
Emphasizing the importance of Indian start-up ecosystem, Oracle CEO, Safra Catz on May 9 said the country has been the first to see start-up initiatives like an incubator, which has subsequently been launched globally. “The last time I was in India I announced setting up nine incubation cen…
No more rejection for start-ups seeking tax sops
In what could be a morale booster for start-ups, the government has decided to do away with the practice of rejecting applications for tax sops. Instead, start-ups will get an opportunity to apply again after making changes to the proposal based on the explanation given to them on the initial one…
CureFit secures $3 m from RNT capital, others; launches healthcare app
Part of the famous Flipkart Mafia, Mukesh Bansal and Ankit Nagori’s startup CureFit has reportedly secured $3 m in funding from Tata Sons Chairman Emeritus Ratan Tata’s RNT Capital, and other angel investors. The round also saw participation from Gokul Rajaram, product engineering lead, Square; A…
An investor’s view on “What Makes A Founder Worth The Investment”
I have a lot of respect for entrepreneurs because I know how hard it can be to run a start-up. This is why, whenever we are evaluating an investment opportunity, one of the key questions we ask ourselves is – Is the founder coachable? The reality is that he’s going to have to master 50 […]…
Omnichannel platform Ace Turtle secures $5 m from Vertex Ventures & C31 Ventures
Bengaluru-based omnichannel platform Ace Turtle has raised Series A funding from Singapore based Vertex Ventures and C31 Ventures, the corporate venture arm of CapitaLand. The amount of funding raised by the company was reported to be about $5 m as per an. Founded in September 2013 by Nitin Chhab…
Juice start-up MyGreens secures angel funding via letsventure
Delhi-NCR-based cold pressed juice startup, MyGreens has secured upto $1 Mn in its angel round of funding via LetsVenture. The round was led by Ajay Relan, Founder and Chairman, CX Partners. Other investors in the round included Sundeep Bhandari, Director & CEO, Petrodil, and other undisclose…
Home rental start-up NestAway acquires rival Zenify
Bengaluru-based home rental startup NestAway has acquired residential rental management company Zenify, run by parent company City Synapse Information Pvt. Ltd for an undisclosed amount. Post acquisition, Zenify will continue to operate as a separate entity. With this acquisition, NestAway, in ad…