New Delhi: The Department of Industrial Policy and Promotion has moved a cabinet note that seeks to ease venture capital funding norms for startups and relax the definition of a startup to include older biotechnology and medical device companies. The DIPP has suggested these changes be incorporat…
Start Up India
6 key reasons why competition is good for start-ups
As a round off to last year’s festive season, the Indian startup industry has been witness to a lot of traded barbs between Flipkart and Amazon India, who are in a race to gain the top slot in e-Commerce. It is indicative of the competitive environment within which Indian startups have to make a …
Govt considers reality show for startups, looks at Shark Tank
The Department of Industrial Policy and Promotion (DIPP) has given in-principle approval for a government-run reality show on the lines of the popular American TV programme Shark Tank, to promote startup culture in the country. The programme, to be simultaneously broadcast on Doordarshan, a priva…
Yes Bank’s Business Accelerator Program picks 12 fintech start-ups
YES FINTECH, Yes Bank’s Business Accelerator Program for Fintech Startups, on Friday announced the 12 startups that are set to join its inaugural cohort. The final 12, were selected from the top 35 startups who showcased their solutions to the YES FINTECH Leadership over a 2 day pitching se…
Gujarat-based CouponClue.com emerges as India’s top coupons site
New Delhi: CouponClue is a new Gujarati start-up that has recently emerged as one of the leading coupons site in India. India’s online coupons market is one of the most competitive niches in the country’s ecommerce sector. Like other companies in this space, CouponClue competes for th…
No development plans for start-ups in Karnataka budget
The Karnataka Chief Minister’s 12th state Budget has been criticized for many reasons, most stridently for the absence of a loan waiver for farmers. But, it does focus on agriculture by taking into account the consecutive years of drought and suggesting suitable proposals. And proposals for…
Sebi taking a fresh look at crowdfunding norms
Mumbai: The Securities and Exchange Board of India (Sebi) is taking a fresh look at setting up a regulatory framework for crowdfunding, said two people aware of the development. Sebi’s proposals include introducing a minimum net worth criteria for investors to be eligible to invest in start-ups t…
Virtual reality startup ShilpMIS raises angel funding
Surat-based ShilpMIS Technologies Pvt. Ltd has raised an undisclosed amount in funding from Puneet Gupta, a digital industry veteran and angel investor, Nimitt Desai, partner at Deloitte US, and other high net worth individuals (HNIs), a top company executive told. Founded earlier this month by I…
Agri-tech start-up FarMart raises seed funding from IAN
Indian Angel Network (IAN) has made an undisclosed investment in Gurgaon-based FarMart, a renting platform for farm equipment, a statement issued by the company stated. Ambarish Raghuvanshi, who led the investment on behalf of IAN, has also joined the board of the startup, the press note added. O…
Venture Catalysts joins hands with TiECON 2017 as the investment partner for ‘The Pitch Room’
Giving wings to the entrepreneurial vision of innovators and business leaders of the future, Venture Catalysts, Indian seed investment and innovation platform, has tied up with the upcoming TiECON 2017 as its investment partner. Under the association, angel investors from VCats will participate i…