Silicon Valley’s super angel investor in Uber who campaigned against Trump’s Presidency has expressed happiness about India seeing a return of its tech entrepreneurs from the US. Shervin Pishevar, the Tehran born executive chairman of Hyperloop One and co-founder of US based venture c…
Start Up India
CreditMantri raises $7.6 mn in Series B round of funding
Chennai-based FinTech startup, CreditMantri has raised USD 7.6 million in Series B round of funding led by Quona Capital and Newid Capital along with existing investors, Elevar Equity, Accion and IDG Ventures India. Founded by three former Citibank executives, the company offers a proprietary tec…
Sales tech start-ups in India are second to US in terms of funding
Funding for sales tech start-ups has been on the rise recently and India is second to the US in terms of funding. Outside the US, countries such as Canada, India and UK witnessed the largest number of sales tech start-ups funded between 2012 and 2016, together representing 14% of all non-US start…
Karnataka committed to creating start-up friendly environment: Priyank Kharge
Minister of State for Information Technology and Bio-Technology Priyank Kharge has reiterated Karnataka government’s commitment to create a conducive business atmosphere for start-ups better than any other State in the country. Addressing an international seminar on Internet of Things at Sharanab…
‘Rural Innovation & Start-up Conclave’ to strengthen cadre of young innovators from March 23
Hyderabad: The National Institute of Rural Development & Panchayati Raj (NIRDPR) will organise the ‘Rural Innovation and Startup Conclave’ (RISC2017) here from March 23. The focus of the two-day event is to build capacities and promote fresh talent by giving them a platform to dis…
Co-living spaces start-up StayAbode raises angel funding
StayAbode, a start-up that is building co-living spaces, has raised angel funding for an undisclosed amount from a consortium of investors led by Ishan Manaktala and Angie Mahtaney. Gaurav Bhalotia (Ex-VP Engineering, Flipkart), Vishal Lulla (CEO, VIshal Exports) and a group of Investors from Let…
Bleeding start-ups stare at a harsh summer; Hand out pink slips to hundreds
The Indian start-up sector is bracing for more job losses as some half-a-dozen midsized companies issue layoff notices to hundreds of employees in a bid to trim costs and conserve cash in what portends to be a harsh summer for an industry struggling to deal with the effects of fast-paced growth. …
Loans disbursed under Startup India at job mela exclusively for women
A highlight from the job mela was M Ashwini. She received a loan for rupees 1 crore to set up a project in the city manufacturing high density pipes. The loan was provided by the State Bank of Hyderabad under the Centre’s schemes of Startup India and Standup India. The mela was organized by the […
ItzCash invests in fintech start-up Finly
Coimbatore: ItzCash, a leading player in the digital payments space, has announced that it has made an undisclosed investment in Bengaluru-based expense management fintech startup Finly. The deal has been bought to fruition through part equity investment and part business partnership. “The …
Bitcoin start-ups come together to regulate India’s cryptocurrency market
Bitcoin startups Zebpay, Unocoin, Coinsecure and SearchTrade have come together to form Digital Asset and Blockchain Foundation of India (DABFI) for the “orderly and transparent growth of the virtual currency market.” A panel comprising Zebpay founders Saurabh Agrawal and Sandeep Goenka, Coinsecu…