The City Government of Shenzhen, China has brought to India the first ever China (Shenzhen) Innovation and Entrepreneurship International Competition. Touted as the biggest prize in startup competitions of its kind, the largest prize money for innovation and startup ideas will fetch the winner RM…
Start Up India
IoT start-up Roambee bags $4.1 mn funding
US headquartered Internet of Things (IoT) startup Roambee has bagged a second round of funding $4.1 million with participation from Silicon Valley investors and the investing arm of Deutsche Telekom. The three-year-old startup received its series A round of $2.5 million in May 2015 from a group …
Why food tech start-ups are now investing into delivery fleet
Food tech startups such as Burger Singh, Chaayos and Yumist which earlier worked with third party hyperlocal delivery firms like Shadowfax, Roadrunnr and Opinio have now set up their own delivery fleet citing lack of customer satisfaction while working with such companies. The move also comes at …
Commerce Ministry starts review of Foreign Trade Policy, says Nirmala Sitharaman
The commerce Ministry has started the review of the foreign trade policy by consulting all stakeholders to see whether any support is required for certain sectors to further boost exports. Commerce and Industry Minister Nirmala Sitharaman said the foreign trade policy (FTP) is in the process of a…
Eight Indian Start-ups graduate from CISCO Start-up Program
Global hardware networking giant Cisco said that eight Indian startups have graduated from its startups program – Cisco LaunchPad. These starups are AlgoEngines, VuNet, Teslon, Torchfi, Navstik Labs, HaltDos, Astrome and IQLECT. Over the four-month at Cisco’s Bengaluru campus, these startups comb…
Consolidation is the way ahead for Indian start-ups, say entrepreneurs
With a number of startups, some big names from food tech, shutting shop and over 100 getting snapped up in mergers and acquisitons, the theme at a panel discussion at International Management Institute (IMI), New Delhi, for its startup summit Emerge was apt: Is consolidation of startups a sign of…
New exit norms will help failed start-ups
Mumbai: Companies will find it easier to shut shop by getting their names removed from the corporate register. As not all startups take off, the new provisions are expected to help entrepreneurs. Once this quick process is carried out, inoperative companies do not have to go through the tedious a…
Gujarat awaits a brand new start-up policy in 2017
Ahmedabad: Gujarat will come up with a comprehensive startup policy this year that would be an extension of the policies already in place. Gujarat Industrial Development Corporation vice-chairperson D Thara said the new policy would be better and more practical. Existing policies will not be disc…
E-security start-up Securens gets funding from Mayfield, Trifecta
Mumbai: Electronic surveillance technology firm Securens Systems Pvt. Ltd has raised a little over $5 million (Rs35 crore) from existing venture capital investor Mayfield India and venture debt provider Trifecta Capital. The latest round of fund-raising saw Mayfield invest Rs15 crore (approximate…
CouponRaja ties-up with digital wallet mRUPEE to provide large
CouponRaja.in, owned and operated by Mumbai-based Logicserve Technologies Pvt Ltd., has entered into a partnership with digital wallet mRUPEE, a wholly owned subsidiary of Tata Teleservices Ltd. This partnership allows mRUPEE users to get discount coupons across multiple products across categorie…