In 2011, ICICI Bank was confronted with a unique problem. Most of the frontend staff of India’s largest private sector bank by consolidated assets were reasonably fresh, and had to be quickly trained to interact online with customers. A lot of time was wasted toggling between multiple screens to …
Start Up India
Autodesk to help rural start-ups fine-tune products, business
Hyderabad: An employee of AquaSoul, a Hyderabad-based incubation-stage start-up, is busy explaining a small robot boat system that consists of two devices. While the first device gauges the temperature and quality of water and sends information to the Cloud, the other roams around an aqua farm to…
Goa Budget: Rs 169 cr boost for IT industry, start-ups to get financial aid
Porvorim: While Chief Minister Manohar Parrikar appeared to have addressed all the demands of the industry lobbies, the state budget was quite spartan in its mention of Goa’s industrial and manufacturing sector. Though Parrikar gave his commitment to improve Goa’s performance on the e…
Small Screen, big bucks: Yupp it’s Over The Top Biz
Hyderabad: “Movies run on three things – entertainment, entertainment and entertainment,” goes the dialogue mouthed by Vidya Balan in a Bollywood blockbuster. It’s the same mantra that city-based startup YuppTV and its founder Uday Reddy swear by and used in a ‘smart…
Why the newly tweaked Rs 10k cr start-up fund will be a game changer for Indian entrepreneurship
The Indian startup story began over a decade and half back with the likes of Naukri.com. MakeMytrip, Shaadi, Baazee being “backed” by venture capital (VC), a new type of financing product. VC did not take collateral like debt financing did, instead it bought equity in very young but h…
Cross Border Angels commits $500k into eight start-ups
Cross Border Angels (CBA), the investment network started by US-based Scaale Group three years ago, has committed to invest at least $500,000 (Rs 3.3 crore) in eight Indian startups. “We are looking if we can raise our investment commitment to as much as $1 million,” said Mandar Gadkari, who head…
Planning for the future: How predictive business analytics can be a game changer for SMEs
For every company, big or small, the ability to correctly predict the future is the key to sustainable growth and at times even the very existence of the enterprise depends on it. SMEs are so caught up in the day-to-day management that they often fail to plan or predict what the future may hold f…
‘Waah’ funding! IIT-K grants Rs 50 lakh to this start-up providing clean & cheap water
To promote a startup firm involved in providing clean and cheap drinking water, Indian Institute of Technology, Kanpur has sanctioned seed funding of Rs 50 lakh to Lucknow-based Decentrik Technologies. Vineet Vats and his team in Decentrik Technologies have developed a mobile water ATM known as ‘…
Textile scrips rise on revival in sentiment
The share price of textile companies jumped by up to 10 per cent on March 23, on the expectation of a sharp recovery in textile and apparel export in the coming months, due to less shipment from China. The domestic market is also gradually overcoming the dull demand sentiment which had arisen out…
Start-ups should focus on the needs of India-2 & India-3: Google (SE Asia & India) VP & MD
Bhubaneswar: While interacting with an eclectic gathering of more than 500 startups, entrepreneurs and policy makers Rajan Anandan Vice President & M.D, Google for South-East Asia & India called upon the startups to focus on the needs of India-2 and India-3. He said that most of the start…