Noida-based online healthcare startup QorQL has secured an undisclosed amount of funding from ecommerce and payments platform Paytm. Commenting on the investment, Sudhanshu Gupta, Vice President, Paytm said, “There is a need in the country for quality care at affordable costs and the sector large…
Start Up India
Good news for start-ups: India to get 100 more incubators
The Indian government will invest Rs 200 crore to set up 100 more incubators across the country to support start-ups in innovations, a top official said on April 6. “As we want to double the number of incubators over the next four years, we will spend Rs 200 crore on setting up 100 more incubator…
AnyTimeLoan to compete in global start-up pitching competition Get in the Ring
Peer-to-peer lending platform AnyTimeLoan (ATL) won the India chapter of Get in the Ring on April 6. ATL will now compete with start-ups around the world in the Global Startup Competition, which will be held in Singapore in May. Global start-up pitching competition Get in the Ring conducted its I…
Cricket ace Yuvraj Singh’s company YouWeCan Ventures invests in Startup Buddy
Yuvraj Singh’s YouWeCan Ventures has invested an undisclosed amount in Startup Buddy, a Gurugram-based company that serves early-stage businesses. The cricketer, who launched his venture fund in 2015, will join the board of Startup Buddy, even as he seeks to expand his engagement with start-ups. …
Nazara Games signs deal to launch IPL mobile game starring Virat Kohli
Mumbai-based mobile gaming company Nazara Games has signed a three-year contract with IPL team Royal Challengers Bangalore to launch an IPL cricket mobile game that will feature Virat Kohli, among other cricketers from the team. The game, which will focus on monetisation through in-app purchases,…
Marching towards growth: InMobi becomes second Indian Unicorn to turn profitable
Bengaluru-based mobile adtech firm InMobi claims that it has turned profitable in the last quarter of 2016. This makes InMobi the second Indian unicorn after data analytics firm Mu Sigma to become profitable. As per the company, it has been generating cash every quarter starting April-June in the…
Income Tax benefits for start-ups: Just 10 out of 208 qualify
Only 10 start-ups have benefited from the government’s decision to give income tax exemption to eligible start-ups. This was even as 208 applications were considered for these tax benefits since the launch of the scheme in January, 2016. “Out of the total applications received, 208 applications c…
Startups are preferring to adopt Cloud Telephony Services in India
Cloud Telephony is typically replacement of your business phone systems like PBX, EPBAX with cloud services. Through Cloud Telephony, it becomes easy for the user to connect with the audience on a scalable and efficient platform. The cloud based telephony service has proved to be time saving, mos…
Indian-origin start-up attracts investments from Boeing to develop alternative propulsion aircraft
New York: A hybrid electric aircraft startup founded by an Indian-origin entrepreneur has received investments from aerospace giants — Boeing and JetBlue owing to its goal to develop alternative propulsion aircraft. Zunum Aero, founded by Ashish Kumar three years ago in Kirkland, Washington…
Grocery delivery start-up Instacart announces $400mn funding round
San Francisco, Calif.-based same-day grocery delivery startup Instacart, Co-Founded by Indian American Apoorva Mehta, announced March 8 it has raised $400 million in a new funding round. Mehta, who also serves as the company’s chief executive officer, tweeted March 8 in a company blog, announcing…