In indications that investors were getting increasingly cautious while funding for start-ups in India, there has been a sharp dip in the number as well as the value of such deals in the start-up space in the first quarter of 2017 in comparison to the previous year. The number of deals have seen a…
Start Up India
Stamp duty & registration fee to be waived for start-ups buying space in Mumbai
Mumbai: For recognized incubators or startups keen to buy or rent spaceproperty, the state has proposed a 100% waiver on stamp duty and registration fees on their first transaction and 50% on the second. The provision is part of a draft policy now in the public domain. In a bid to encourage small…
Mumbai based hyperlocal delivery app Scootsy raises $3.6 mn from agnus capital, others
Mumbai-headquartered discovery and delivery service provider Scootsy has raised a $3.6 Mn Pre-Series A round led by Agnus Capital and Khattar Holdings. AntFarm, Scootsy’s incubator, also participated in this investment round. Founded in July 2015 by Rishi Khiani, Sandeep Das, Sanjay Ghai and Sun…
Stalkbuylove raises $1 mn venture debt from Trifecta Capital, plans for team expansion
Online fashion brand StalkBuyLove has raised $1 Mn venture debt from Trifecta Capital. Founded in 2013 by Rocket Internet alumni Tushar Ahluwalia and Nishrit Srivastva, StalkBuyLove is a fashion-focussed private label ecommerce company with a tech-enabled supply-chain model. Talking about why the…
German company invests $11 mn in data analytics platform Flytxt
Customer data analytics software company Flytxt has raised about $11 Mn (INR 70 Cr) funding from DAH Beteiligungs GmbH, a company related to the Hopp family office. The company plans to invest the newly raised capital for software product R&D and to expand to other verticals. Vinod Vasudevan,…
Empowering ecosystem: StartFed to help start-ups in Eastern India navigate challenges & opportunities
Kolkata: According to a Nasscom-Zinnov report released last year, India is expected to have over 10,500 startups by 2020. They are forecast to account for over 2.1 lakh jobs in the market. However, where do the opportunities and challenges lie for startups? Many of India’s new-age companies have …
DIPP to unveil vernacular portals to train start-ups
Kolkata : The Centre is embarking on a detailed learning and development programme for the budding entrepreneurs and has already received one lakh ten thousand entries for the same. Looking at the huge response on the surge in nascent ideas, the Department of Industrial Policy & Promotion (DI…
CII to nurture start-ups in North
To promote and nurture entrepreneurs and startups in the northern region, CII plans to launch an initiative ‘CII Startupreneurs’ in a couple of months. The forum will bring innovative ideas, emerging technologies and new business models of startups and budding entrepreneurs. It will also create a…
VC firm Pi Ventures funds health tech start-up Niramai
The Delhi – based breast cancer screening startup, Niramai Health Analytix, that it had raised an undisclosed amount of seed funding from a clutch of VC firms and angel investors. The VC firms which took part in the round of funding are Pi Ventures and Axilor Ventures. The angel investor who took…
8 upcoming start-up events in 2017 for techies
Here is a list of startup events that all the techies and startup founders should know about, block your calendar dates! 1. SURGE 2017 SURGE brings speakers from the world’s biggest companies together with the world’s most exciting startups in Bengaluru, India. In 2016, SURGE welcomed 5,000+ peop…