Bengaluru-based augmented reality startup Whodat has secured $600K (about INR 3.86 Cr) in its latest round of funding from early-stage Venture Fund, Ideaspring Capital. Commenting on the investment, Arihant Patni, MD, Ideaspring Capital said, “Whodat has a great team led by Sriram (Ganesh) and Ka…
Start Up India
In the absence of RBI guidelines, a code of conduct for digital lending start-ups
Bengaluru: The Digital Lenders Association of India, an industry body of about 20 startups in the digital lending space, has laid down a general code of conduct for its members which is likely to ensure more transparency in this nascent sector yet to be governed by specific guidelines by the Rese…
India Accelerator to offer early-stage tech start-ups benefits from 70 leading accelerators
New Delhi: Gurgaon-based India Accelerator is set to launch an incubation programme this month and offer early-stage technology startups benefits from its newly-acquired membership of the Global Accelerator Network (GAN), a consortium of 70 leading accelerators in the world including H-Farm in It…
AI startup Innefu Labs raises $2 mn from IndiaNivesh Fund
Artificial intelligence startup Innefu Labs today said it has raised $2 million (over Rs 12 crore) in funding from IndiaNivesh Venture Capital Fund. The series A funding will see IndiaNivesh acquiring a minority stake in the company, Innefu Labs said in a statement. The transaction was facilitate…
5 Cockroach ways for a start-up to light the beacon
Gone are the days of the highly valued and well-funded unicorn startups that leapt high but fell later. Having burnt their fingers with unicorns, investors are now shying away from them and turning their attention to cockroach startups that are slowly, but steadily focussed on building a robust b…
IBBI plans fast-tracking resolution for start-ups
The Insolvency and Bankruptcy Board plans to fast-track the resolution process for “smaller cases”, including for startups, and complete them within 90 days. The Board has been set up under the Insolvency and Bankruptcy Code, which came into force from December 1, 2016. While a final …
Credihealth raises $1.5 mn in pre-Series A round
Gurgaon-based Credihealth Pvt. Ltd, an online medical assistance company, said on April 17 it has raised $1.5 million (Rs 10 crore) in a pre-Series A funding round. The healthcare startup secured the investment from Tolaram Inc., the family office investment arm of Tolaram Group, and Mountain Pin…
Jacqueline Fernandez puts her money in juice making start-up
Mumbai: Bollywood actress Jacqueline Fernandez has invested in Rakyan Beverages that makes juices under the Raw Pressery brand, becoming India’s first celebrity to part-finance a consumer products firm, and help drive sales. The latest funding follows a global trend where celebrities are increasi…
Indian fintech start-up perfios raises $6.1mn in series A
Last week, Perfios, a fintech startup based in Bangalore (Bengaluru), India, announced it had raised approximately $6.2 Million (400 Million INR) in its Series A round of funding. The funding is a sign of how much the fintech market has been steadily growing in India the last few years. According…
First call soon for Indian version of ‘Shark Tank’
New Delhi: It is time for start-ups scouting for investors to tighten their seat-belts. The first call for applications for participation in the great Indian reality show designed specially for them could happen as early as next month. “A decision has been taken on allowing at least 50 start-ups …