Math learning startup Cuemath has raised $15 million in its Series B round of funding from CapitalG and Sequoia India. CapitalG (formerly known as Google Capital), the growth equity investment fund of Alphabet (Google’s parent company), led this round of funding. When asked about the rationale be…
Start Up India
Data harvesting makes agri-tech start-ups hot for investors
Bengaluru: Agriculture-technology is emerging as one of the hottest sectors for investors this year, primarily for the mountains of data these startups are able to harvest. Leading venture capital firms including Accel India and SAIF Partners are evaluating several agritech firms to invest in, ac…
Fund-raising by healthcare start-ups dips 56% to $71 m
Venture capital investment in Indian Healthcare Information Technology (HIT)/Digital Health start-ups has declined 56% year-on-year in 2016 at $71 million compared to the previous year. In 2015, as many as 33 deals were struck for an investment of $162 million. However, in 2016, the number of fun…
Chinese fund ZDream acquires Xeler8
Chennai: Chinese accelerator and venture fund ZDream Ventures has acquired 100% stake in Gurugram-based Xeler8, an intelligence platform providing startups database to venture capital and private equity firms. The terms of the deal remain undisclosed. For the Chinese VC, this is the third in Indi…
Mobile advertising will play an important role for start-ups
2016 was a significant year for the mobile advertising industry. Mobile ad spend is up 430% since 2013, and with over 2 billion smartphone users worldwide, it’s becoming clear that the future of digital marketing is mobile. Brands are no longer only looking after websites because mobile apps are …
States log on to country’s start-up revolution
Despite their high mortality rate, start-ups continue to proliferate. India is currently home to about 4,750 start-ups and over 2,000 were founded in 2016 alone. Realising their potential in the creation of jobs and wealth, various State Governments are competing to attract the fledgling companie…
Budget 2017: Start-up bodies appeal for relaxations in tax policies
Prominent startup industry bodies including Indian Angel Network, NASSCOM, Indian Venture Capital Association, TiE and Mumbai Angels have jointly appealed to the government to review taxation policies that adversely impact the startup ecosystem. “Startups have been facing practical difficul…
NetApp launches start-up accelerator programme in Bengaluru
Bengaluru: Storage and data management company NetApp inaugurated an independent campus in Whitefield in Bengaluru, set up with an investment of Rs 1,000 crore. NetApp, a $5.55 billion company, has also launched a startup accelerator programme called Escape Velocity in Bengaluru. This will nurtur…
Parking solutions app PParkE raises seed round
Bangalore-based Pristech Technologies Pvt Ltd, which runs parking solutions app PParkE, has raised an undisclosed amount in seed funding from Singapore-based early-stage investment firm SB Ventures, one of its co-founders told. Shampa Ganguly, Co-Founder and CEO, PParkE, said, “We have been using…
Flipkart invests $2mn in parenting social network Tinystep
Tinystep a parenting social network platform, said it has received $2 million (Rs 13.6 crore) in funding from e-commerce giant, Flipkart. With the funding, the startup plans to advance its products, improve user experience and expand on services, Tinystep said in a statement. “It has been a…