Mumbai: Mobile payments services provider Mswipe Technologies Pvt. Ltd has initiated talks to raise as much as $40 million (around Rs250 crore) in a new round of funding, two people aware of the development said. The firm which provides merchants with mobile point of sale (PoS) terminals to enabl…
Start Up India
BookaTruck to raise Rs 25 cr to expand ops
New Delhi: Truck booking startup BookaTruck looks to raise about Rs 25 crore in the third quarter of this fiscal to expand its presence across the country. BookaTruck launched the app-based service for booking of heavy commercial vehicles in February this year. The firm’s Co-Founder Harshit Kheta…
C’garh adopting best practices of Singapore & Silicon Valley
Chhattisgarh has started adapting the best policy practices from the fastest growing entrepreneurial eco-systems, like in Singapore and the Silicon Valley, to accelerate entrepreneurial growth to provide a major push to the ‘Startup Chhattisgarh’ programme, officials informed. It is now aggressiv…
Start-ups can boost job creation, say IT experts
Mumbai: Innovation and entrepreneurship are the keys to boost manufacturing and job creation, contrary to fears that automation may stunt jobs, say IT industry experts. E-commerce is a good example of how technology-driven innovation can give rise to both skilled as well as unskilled jobs over th…
Money tips to help your start-up succeed
The bitter truth about startups in India? Over 200 shut shop last year, a 50% increase over 2015. Seven out of 10 of these startups were founded in 2014 and had raised sizeable capital for their operations. However, despite funding, they failed. A startup founder was recently arrested over pendin…
Fintech start-ups expand investment options for non-urban users
Ease of transaction and the convenience linked with applications offered by fintech players is driving consumers from small towns to explore investment products beyond recurring or fixed deposits offered by traditional banks. Most of the consumer-facing fintech startups that small towns (Tier III…
Non-tech companies acquiring tech start-ups rather than starting a software division from scratch
Harpreet Grover was at a crossroad last year -go it alone or get acquired. His hiring assessment company, CoCubes, which had 600 customers and $2 million in funding from Ojas Ventures, was in acquisition talks with HR consultancy and long-term customer, Aon Hewitt. But a private equity fund was o…
Must knows for a health-tech start-up
Tech start-ups have been a buzzword for a long time and the newest trend coming out of the Indian Silicon Valley is no doubt, a ‘Health Tech’ start-up. With the coming of Obamacare in the US in 2009, there mushroomed approximately a 100 Health Tech start-up companies in USA alone and an inflow of…
How can start-ups add value to IT services companies
Can IT services companies and new age start-ups form a good and profitable cocktail? IT services companies need to innovate and start-ups have an opportunity to capture the situation. Krishnakumar Natarajan, Executive Chairman at Mindtree spoke to the Entrepreneur India about the nuances of colla…
Challenge for start-ups to get funding: Kris Gopalakrishnan
Securing series C and beyond funding is a challenge for start-ups, information technology veteran and Infosys Co-Founder Kris Gopalakrishnan said as he called for a simple, orderly and fast-track mechanism to shut failed businesses. The start-ups scenario in India is pretty good but when those fi…