Hyderabad: GrabOnRent, an online product rental service, today said it plans to raise USD five million in series A funding to fuel expansion plans. Chief Operating Officer Manish Sugandhi said GrabOnRent is now looking to close a Series A funding of around USD five million in the coming few month…
Start Up India
Banks extend help to start-ups in need of credit
Mumbai: Private sector lenders HDFC Bank, Axis, IDFC, Kotak Mahindra and Yes Bank have started extending short term credit to meet working capital needs for Ola, Power2SME, Flipkart, OYO, Zinka, Capital Float, investment banker-turned-entrepreneur Fulguni Nayar-owned Nykaa and many others, throwi…
‘Indian start-ups are leaders in low-cost innovation’
Whoever has ever attended a TiECON event knows what it is like to hear out and meet some of the leaders in entrepreneurship space in the country. Such conferences are a great meeting point to exchange ideas, understand sectors and trends, gauge motivation for ventures, meet investors and supporti…
Funding freeze puts start-up hiring in cold storage; Up to 50% drop in recruitment
BENGALURU: The prolonged funding winter bearing down on Indian start-ups could leave several companies with bare branches. Hiring at start-ups this year has dropped by 10-50%, according to recruitment companies that hire for start-ups. This is particularly true for e-Commerce, logistics, grocery …
Bengaluru has emerged as biotech start-up capital, says study
Bengaluru has emerged as the biotech startup capital of India – it’s home to 190 ventures out of the 1,022 set up in the past five years, according to a study by the Association of Biotechnology Led Enterprises (ABLE). The National Capital Region (NCR) comes second with 164, followed …
Here’s Mukesh Ambani’s 5-point advice for new entrepreneurs & start-ups
Counselling a five-point tip-sheet for budding entrepreneurs and potential start-up founders, Reliance Industries Chairman Mukesh Ambani on February 15 said it is essential to find a passion for solving a problem without focusing primarily on financial returns. “First, you have to figure ou…
Axilor bets on Fintech: ropes in PayU India as industry partner
Early stage fund, Axilor Ventures, bets on new opportunities around Fintech; signs up PayU India as the industry partner for its Accelerator Program. Axilor has recently announced doubling the intake for its Summer ’17 Accelerator Program. Fintech is one of the five focus areas for the cohort in …
16 Indian start-ups raise funding in The Vault’s first season
After a remarkable performance that offered a high dose of informative entertainment to its viewers, The Vault, a one-of-its-kind Indian reality TV show has concluded its extremely-successful first season. The season comprised 12 episodes and facilitated investments worth up to Rs 11 crore. The i…
Women leadership on a rise in Indian start-ups: Report
While much has been written about the difficulties faced by women entrepreneurs, the Startup Outlook Report by InnoVen Capital, a venture lending platform providing debt capital to high growth ventures, has presented a different but progressive scenario of the Indian startup ecosystem. According …
Payments start-up Payism aiming to raise $25 mn
New Delhi: Payism Technologies India Pvt. Ltd, which facilitates cash-based as well as cashless transactions, is looking to raise approximately $25 million in growth equity capital to fuel its expansion plans, a top executive said. The Bengaluru-based firm, founded last year by Nandish Domlur, a …