The Hive, a collaborative workspace at VR Bengaluru, concluded STARup 2017, a gathering of over 2,000 entrepreneurs, investors, corporate representatives, government officials and influencers from across the world’s leading start-up ecosystems. The conference was presented by Ah! Ventures and was…
Start Up India
Here’s how SoftBank plans to rejig the Indian online start-up industry
After ploughing about $2 billion into minority stakes in Indian e-Commerce businesses over the past few years, Japan’s SoftBank is upping the stakes, looking to play consolidator and take a more active role at a trio of leading start-ups. According to sources with direct knowledge of the ma…
India adds 40 new start-up incubators in 2016; Surpasses Israel to take-up 3rd spot in highest accelerators
Bengaluru: The government’s initiative to establish 30 incubators in educational institutions under the Startup India programme has enabled India to surpass Israel as the country with the third highest number of start-up incubators and accelerators. India now has 140 such institutions, ahea…
Start-ups should look for homogeneous market segments within SE Asia: Amit Anand of Jungle Ventures
South-East Asia comprises as many as 10 different countries, but it is a “homogeneous” region for start-up investing, argues Amit Anand, Founder and Managing Partner of Singapore-based venture capital firm Jungle Ventures which counts Ratan Tata as a special advisor. According to Anand, start-ups…
Quikr acquires Home Service Start-up Zimmber
Online Classifieds startup Quikr Indian Pvt Ltd, is likely to acquire home service startup Zimmber which run under the name of Rejuvenate Solutions Pvt. Ltd, for $10 million (Rs 64.2 crore) in an all-stock deal. With this acquisition, Quikr will strengthen its position in the segment. This will b…
Hinduja family buys stake in sports start-up UACTIV
Mumbai: The Hinduja family has acquired a stake in UACTIV.com, a social networking and discovery platform for sports and fitness enthusiasts. Hindujas took the stake in December as the lead investor in the startup’s first seed round funding, UACTIV Co-Founder Atish Chhabria told. “While they do n…
Kerala-based health start-up raises funding from Accel Partners
Kochi: Kerala-based health start-up Good Methods Global Inc. (GMG) with its global operation in the US has raised a series A round of funding led by Accel Partners taking the total sum raised from its inception three years ago to $9 million. The company COO Arjun Satheesh said the funds will be u…
With the latest approval from Cabinet, govt shows continued support to Startup India plan
Start-ups that qualify under the Startup India plan will now get an added boost from the central government as the Union Cabinet approves the Commerce Ministry’s proposal of Alternative Investment Funds (AIFs) funding at least twice the amount as that of the Fund of Funds for Start-ups (FFS) – wh…
UN Technology Innovation Lab to be set up in Kerala; Start-ups to be aligned
Thiruvananthapuram: The Kerala Government and UN’s Office of Information and Communication Technology will join hands to set up the country’s first UN Technology Innovation Lab here, it was announced on May 3. The Kerala Startup Mission will be spearheading this initiative on behalf of Kerala gov…
WeWork India to raise $100 mn
WeWork India, a joint venture between US-based co-working space provider WeWork and Bengaluru-based property developer Embassy Group, is in talks with marquee global investors such as KKR, TPG, and Goldman Sachs to raise funds of over $100 million (Rs 640 crore). WeWork is the largest co-working …