The government has made no provision for its ambitious India Aspiration Fund, part of StartUp India initiative, for the next financial year and has reduced the allocation to Rs 100 crore from Rs 600 crore made earlier for the current fiscal. In order to provide support to startups through Fund of…
Start Up India
Thank smartphones! Investors eyeing Indian gaming start-ups
The youth population of the world is hovering to become part of one of the world’s leading gaming sector. The mobile gaming industry is one of the fastest growing industries in the world. From the past few years, mobile games have become the entertainment of choice not only for young people…
Foresight start-up ecosystem: Fintech conclave to be held at BSE from March 1 to 3
Chennai: There has been a lot of talk around fintech in the last few years. The demonetisation drive gave impetus to players in the banking and tech industry. In a bid to assess the ecosystem, talk about the future and look at the drivers of change in fintech, Zone Startups India is launching …
Pune start-up hub bucks funding slowdown trend in India: VCEdge Funding
Pune has bucked the funding slowdown and is one of the few startup hubs in India to buck the funding slowdown. In Maharashtra too, Pune has seen a 69% annual increase in startup funding deals and a jump of 35% in funding value with $52.5 million raised across 59 deals in 2016, according to VCCEdg…
Google in buyout talks with Indian start-ups and VC firms
Bengaluru | New Delhi: Google has begun exploratory talks with start-ups and venture capital investors in the country in what could lead to its first acquisition of an Indian company, according to three people directly aware of the matter. The world’s largest internet company is seeking to …
Recreating entrepreneurial glory: Business accelerator for start-ups opened in Coimbatore
Coimbatore: Urging youngsters to bring back the city’s glory in entrepreneurship, the Co-Founder and CEO of Naturals Salon, C K Kumaravel, on February 13 spoke about the need for executing an idea into a venture. He inaugurated a business accelerator- Innovspace in the city. Innovspace, con…
Coworking start-up Innov8 raises an undisclosed amount from angel investors
Mumbai: Coworking space provider Innov8 has raised an undisclosed amount in an angel round enabled by LetsVenture and Venture Catalysts. The round saw investments by prominent angel investors such as Vijay Shekhar Sharma of Paytm, Rajan Anandan of Google, Kunal Shah of FreeCharge, Girish Mathrubo…
65% start-up leaders in India believe the sector is in a tech bubble
Nearly 65 per cent of startup executives and founders believe that the Indian startups are in a technology bubble, while 18 per cent feel that the bubble was close to bursting soon, a study by venture debt and specialty lending business, InnoVen Capital, said. The India Startup Outlook Report 201…
OMA Emirates acquires Indian start-up MobiSwipe
UAE-based payments solution provider OMA Emirates announced the acquisition of India’s MobiSwipe Technologies. The company provides mPOS solution through a mobile application that enables merchants to accept credit and debit card payments. The investment will spread OMA Emirates’ overall services…
Indian-American portal to host start-up conference in Mumbai
An Indian-American community and business portal on February 13 said it will host a conference for startup entrepreneurs in Mumbai with the objective of helping them find investors from the US to fund their ventures. “American investors continue to be intrigued by the energy, the resourcefu…