Jaipur: Rajasthan government said that the work to set up start up incubation centers at the divisional headquarters level is under progress and those in Jaipur, Udaipur and Jodhpur would start soon. Replying to debate on demand for grants for education, art and culture in the assembly, the Highe…
Start Up India
Logistics start-up Delhivery grabs a hefty $100mn investment
Logistics start-up Delhivery has raised $100 million capital in a latest round, led by Carlyle Asia Partners Fund IV. Along with Carlyle, Tiger Global Management has also participated in this round. As per the reports, US-based investment fund Carlyle Asia Partners IV has picked up a significant …
Payments start-up Airpay raises Rs 24 cr in series A funding
Mumbai: Mumbai based payment services startup, Airpay, has raised Rs 24 crore as part of a Series A round, led by Kalaari Capital and existing investors Rakesh Jhunjhunwala & Rajesh Jhunjhunwala. Airpay founded by Amit Kapoor, Kunal Jhunjhunwala and Rohan Deshpande, experienced technology, op…
Karnataka funds eight tourism start-ups under Idea2POC scheme
The Karnataka government has selected eight startups in the tourism space for grants ranging between Rs 5 lakh and Rs 50 lakh as part of its multi-sectoral startup policy. The government will disburse the funds under its Idea to Proof of Concept (Idea2POC) Grant Scheme, which is part of the broad…
Accelerator program launched to support international start-ups in India
Mumbai: Zone Startups India is all set to launch an international accelerator programme based out of Mumbai. The new programme touted as a market accelerator called ‘Gateway91’ aims to host and support international, growth-stage startups looking to build their India market. Earlier t…
Bihar govt announces Rs 500 cr fund for state start-ups
Looks like Prime Minister initiative Startup India is on the right track. Bihar Government has sanctioned Rs.500 Crore ($76 Million) of funding for the State Startups to promote young entrepreneurship in the state. The startup policy aims to cater to the needs of emerging entrepreneurs and make B…
Rural Innovators & Startup Conclave gets underway in Hyd
Hyderabad: The two-day Rural Innovators and Startup Conclave (RISC2017), which aims to provide a platform to rural innovators and start-ups, today got underway at the National Institute of Rural Development and Panchayati Raj (NIRD & PR). “Rural Innovators Startup Conclave is a good beginning…
Nandan Nilekani teams up to set up VC firm to fund mid-stage start-ups
Bengaluru: Infosys Co-Founder and Aadhaar architect Nandan Nilekani is teaming up with venture capital investor Sanjeev Aggarwal to set up an investment firm that will back midstage startups, according to four people aware of the plans. The fund, with a corpus of at least $100 million, will consi…
Start-ups to get more money as Cabinet gives nod to Rs 1k cr fund
The Union Cabinet chaired by Prime Minister Narendra Modi on March 22 approved Rs 1,000-crore initial corpus for the Fund of Funds for Start-ups (FFS), which was established in June last year. According to the Cabinet decision, Alternate Investment Funds (AIFs) supported by FFS shall invest at le…
Qualcomm signs MoU with T-Hub
Chennai: Qualcomm on March 22 signed a memorandum of understanding (MoU) for a strategic collaboration with T-Hub, a startup engine. Qualcomm will utilise this association to expand its Innovation Lab’s ecosystem in the country by providing access to design, development, and testing facilit…