Delhi-based IoTrek Technology Pvt. Ltd, which provides industrial Internet of Things (IoT) solutions for telecommunications, energy and solar grid management, has secured $154,000 (Rs 1 crore) in seed funding from a consumer goods maker, a top company executive said. The startup will use the fund…
Start Up India
Food-tech start-up Holachef gets $3 mn from SIDBI VC, Kalaari
Mumbai-based food delivery startup Holachef Hospitality Pvt. Ltd has raised Rs 19.5 crore ($3 million) in a Series B round of funding from SIDBI Venture Capital Ltd and existing investor Kalaari Capital. The VC arm of state-run Small Industries Development Bank of India led this round with a Rs 1…
TN plans $77 mn VC fund in bid to build the next top tier start-up hub
“She is a quaint city with quirky street names…She offers global cuisines on roadside carts, Piping hot idlies at the stroke of midnight… Is it denims,dry fruits or spices you want? Books, electronic or musical instruments? Name it and she will let you have it… She is the modernity that villages …
BuyForexOnline launches B2B Forex platform for travel agents & education consultants
Bengaluru based BuyForexOnline, announced the launch of a revolutionary new B2B Forex platform for travel agents and education consultants. The Total Agent Module (TAM) allows agents to effortlessly place forex and remittance orders for their clients. The additional burden of sales, payment, deli…
Start-up voyage: Investment bank Nomura to set up $92 mn fund to harness emerging technologies
Investment bank Nomura has decided to set up a $92 million fund to assist start-ups, a senior official said. In a statement issued here on April 19 the firm also said that it has commenced the ‘Voyager – Nomura FinTech Partnership’ in India aimed at harnessing emerging technolog…
Virtual reality start-up absentia secures $1.2 mn funding from exfinity, others
Bengaluru-based AI and virtual reality startup Absentia VR has secured $1.2 Mn (INR 8 Cr) in its Pre-Series A round of funding from Exfinity Venture Partners, T.V Mohandas Pai, Deepak Ghaisas, Girish Paranjpe, and V. Balakrishnan. The startup will deploy the funds to build its new offering, Norah…
SoftBank sets eyes on several Indian start ups; likely to fund Paytm, Big Basket
Mumbai: Japan’s SofBank Group Corp, one of the world’s largest investors in startups, is considering major investments in upcoming Indian entities such as Paytm and online grocer BigBasket. The possibility comes on the heels of talks with Flipkart for a merger with Snapdeal, wherein SoftBank is a…
With technology as its key enabler, fintech start-up Rubique disburses loans worth over Rs 1250 cr
Mumbai: With technology as a key enabler to make finance simpler and minimize the gaps in the lending sector, Rubique has witnessed over 400% of growth in business with the same number of team members. The leading fintech company empowering individuals & SMEs by providing easy & smooth ac…
Wings to tech start-ups: NASSCOM brings back INNOTREK; A chance to go to Silicon Valley
Aiming to bridge India’s Start-up Success dream, National Association of Software and Services Companies’ (NASSCOM) 10,000 Startups program is all set to give wings to select innovators and entrepreneurs from the country, giving them a chance to explore new opportunities. For the 4th consecutive …
Online aggregator of budget salons Be U Salons secures $619k funding
Delhi-based chain of standardised salons, Be U Salons has secured $619K (INR 4 Cr) in its Seed round of funding from a clutch of investors from UAE, Singapore, and India. The funding round was led by Gaurav Kachru from 5 ideas Startup Superfuel and saw participation from Jatin Aneja, Partner at S…