New Delhi: After almost a year since the Union Cabinet gave its green signal, the Centre’s ambitious Rs 10,000-crore ‘Fund of Funds’ (FFS) for financing start-ups over a nine-year period is finally off to a roaring start. In the first few weeks of April 2017, venture capital funds (VCFs) have lap…
Start Up India
Google ‘Solve for India’ campaign to help developers from emerging cities
Google announced a new “Solve for India” initiative that aims to expand and energise the start-up ecosystem in tier II cities across the country. The campaign will mentor and inspire upcoming entrepreneurs and startups in emerging cities like Pune, Jaipur, Hyderabad, Kolkata, Kochi, Indore, Nagpu…
Karnataka’s National Trade Fair sets aside Rs 100 cr for farmers; Earmarks Rs 10 cr for agri start-ups
Karnataka’s first of its kind National Trade Fair – Organics & Millets 2017 successfully concluded on April 30 with business potentials worth Rs.100 crore generated for farmers. More than 45 buyers emerged with a long term business potential and MoUs were signed between farmer federations an…
Odisha govt to launch web portal for start-ups
Bhubaneswar: Odisha government is going to launch a web portal for start-ups on May 1. The web portal aimed at promoting ease of doing business for budding entrepreneurs and creating an ecosystem for start-ups in the state. The existing and upcoming start-ups, incubators and angel networks would …
Start-up foundation to be launched in Vadodara
“We will be also launching Startup India Foundation in which all those who will be participating in the summit will be registered as members,” said Nikhil Suthar, co-pilot, Startup Vadodara. “A lot of start-ups fail to grow because of lack of mentorship, investment, pitching pla…
Xiaomi founder’s Shunwei Capital invests $5 mn in Indian gaming start-up
Mobile gaming is yet to take off in India like it has in China. But investors from across the border clearly see the potential for it in the world’s second-largest smartphone market. Shunwei Capital, founded by Xiaomi boss Lei Jun, today led a series An investment of $5 million along with Accel P…
I want every rich Indian to start investing in start-ups: Paytm’s Vijay Shekhar Sharma
43-year old Vijay Shekhar Sharma who runs e-commerce firm Paytm backed by Chinese investors, on Thursday said that India’s traditional business houses should start investing in domestic startups. He added that Indian entrepreneurs need foreign investors largely because of the lack of availa…
Vizag firm gets Startup India recognition
MEDIC TFHC Pvt. Ltd, a city-based start-up, which developed a mobile app for providing medical services at a click, has received recognition by Startup India for developing an innovative product. The firm, being mentored under NASSCOM’s 10k startup programme at its warehouse set up at Sunrise Inc…
Mobile gaming start-up Mech Mocha raises Rs 32 cr
Bengaluru: Mobile gaming startup Mech Mocha has raised $5 million (about Rs 32 crore) in a series A funding round led by Accel Partners and including Chinese venture capital firm Shunwei Capital and existing investor Blume Ventures. A significant portion of the funds raised will be used to develo…
A brief guide for start-ups to stay on top of compliance in 2017
Dealing with compliances can be a nightmarish experience. Trying to figure out what to comply with as a startup becomes even more difficult when you have to traverse through volumes of cryptic information and legalese jargon only to realize that you’ve missed half your deadlines. It doesn’t help …