Bengaluru: Karnataka continues to lead the country in the Information Technology and Bio-Technology sectors, and over 4000 start-ups have received investments of $1 billion over the past two years, Karnataka Governor Vajubhai Vala said. In his customary address to the joint sitting of the state l…
Start Up India
Indian food tech start-ups grew by 150% in 2016 despite funding slowdown: Report
Online food tech industry saw a 150% in order volumes in 2016 despite a funding squeeze and multiple players scaling down their operations or shutting shop, according to a new study. After a heady 2015, Food tech sector was one of the worst affected sector in the funding slowdown last year. The s…
Gujarat’s MS University to set up centre for start-ups
Vadodara: MS University will give a boost to the start-up movement by setting up a dedicated Centre for Startups. A proposal in this regard has got in-principle nod from the MSU’s syndicate body, which has set up a five-member committee to review the project. “With both the central an…
Nestle eyes tie-ups with start-ups
New Delhi: Swiss food giant Nestle is looking to partner with Indian startups to appeal to tech-savvy consumers. Similar to its open innovation platform Henri@Nestle in the US, this initiative will help the 150-year-old company rope in third-party innovators to create new products, ramp up commun…
Digital drive tilts hike scale in favour of fintech start-ups
New Delhi: Financial technologies and learning solutions are this appraisal season’s winning bets at startups in India, where last quarter’s currency swap and the government’s visible drive toward digital transactions may help dislodge marketplace unicorns as bulge-bracket paymasters. The reversa…
Social start-ups help citizens get access to various govt programmes
Ahmedabad: All government budgets slot in schemes that promise to improve the lives of millions, but very few of the intended beneficiaries ever fully understand what they are entitled to. That information gap makes for a huge business opportunity. A growing tribe of social enterprises that inclu…
Start-up fever remains strong for tech-savvy Indians
Bangalore: In the basement of a Bangalore building, hundreds of young Indians sit in neat rows of desks typing furiously, all dreaming of becoming the new Steve Jobs or Mark Zuckerberg. A quarter of a century after liberalisation kick-started India’s economic transformation, a new generatio…
Maharashtra govt to relax labour law norms for start-ups
Mumbai: In an attempt to improve the ease of doing business, the Maharashtra government plans to exempt new startups from inspections relating to key labour laws for a period of three years. This follows the Centre’s move to relax labour law compliance for startups. The laws include the Con…
Micromax to set up $100 mn fund to invest in start-ups
New Delhi: Micromax is setting up an independent fund which will raise upto $100 million (Rs 680 crore), aimed at investing in consumer Internet companies across the world that have relevance to the Indian market. The fund, in which the leading home-bred handset maker will be the anchor investor,…
Telangana government launches India’s first social innovation centre
Hyderabad: Telangana government launched the Kakatiya Hub for Social Innovation in Nizamabad on February 5, which is expected to be up and running by September. Funded by the Telangana government, Kakatiya Hub, which will function like a rural incubator to encourage entrepreneurship at grassroots…