The Small Industrial Development Bank of India (Sidbi), nominated by the government to manage its Rs 10,000-crore ‘fund of funds’ for start-ups, has committed Rs 110 crore to four venture capital funds, who are together trying to raise over Rs 1300 crore, to invest in start-ups. The funds which h…
Start Up India
Indian tech start-up Designhill takes on global players
After taking on established design crowdsourcing marketplaces such as 99designs and designcrowd for the past few years, one of the world’s leading graphic design marketplaces, Designhill, recently announced that it is entering the design freelancing space with the launch of its new ‘C…
Why FbStart is worth a look for start-ups looking to jump-start their journey
Ask the startup folks, and they will tell you how tricky the first couple of years are—challenges are aplenty, capital is scarce, firefighting is perpetual and chaos is the order of the day. Besides, there is constant pressure to secure funding, a problem that seems to become even more daunting a…
Revvx partners Global Sources to give Indian start-ups international exposure
Revvx, a Bangalore-based Hardware/IoT Accelerator has partnered with NASDAQ listed Global Sources to provide Indian startups a platform to showcase Indian innovation to global retail buyers and distributors. Global sources is a Hong-Kong based business-to-business (B2B) media company that is know…
Another Japanese VC looks to incubate start-up dreams here
Bengaluru: Amidst a rising cohort of Japanese venture capital firms that are bullish on lapping up investment opportunities in Indian startups is Incubate Fund which started operations in India mid last year. The investment firm plans to step up investment activity this year with 10 to 12 more in…
Bharti Airtel picks up stake in Fintech start-up Seynse
Telecom major Bharti Airtel has acquired a strategic stake in Goa-based financial technology startup Seynse Technologies Pvt. Ltd, it said in a statement. The value of the investment is not disclosed. Seynse has created the digital lending platform Loan Singh which provides consumers access to lo…
Indian start-ups need govt support to minimise failures: Report
New Delhi: Startups in India face numerous challenges at different stages in terms of incorporation, fund raising and hiring and they need adequate support to tide over these difficulties and minimise failures, says a report. The government should provide incentives to investors in startups and d…
Microsoft hones enterprises of future, empowers over 2k Indian start-ups with its Azure cloud
Bangalore: For Microsoft, the flourishing startup ecosystem in India has become one of the new growth engines for its cloud business. The usage of Azure, Microsoft’s cloud offering and infrastructure services among Indian companies including Independent Software Vendors (ISVs) and partners has ju…
Start-up funding deals decline by 50% in January, 2017
The year 2017 has started with a cautious mood amongst investors in the Indian startup ecoystem. Last month, barely USD 173 million worth of investments took place in Indian startups compared to over twice that number in the same period, a year ago. According to the data, shared by research firm …
IDG, Accion to invest more in CreditMantri
Chennai-based online credit management startup CreditMantri Finserve Pvt. Ltd is set to raise Rs 51 crore ($7.6 million) in Series B funding from new and existing investors. Citing filings with the Registrar of Companies (RoC), The company has approved the resolution for the fund-raise. Existing …