Tata Sons interim chairman Ratan Tata has said he would go back to investing in startups this month after handing over the reins of the Tata group to N Chandrasekaran, Managing Director and chief executive of Tata Consultancy Services (TCS), who will formally take over on 23 February. After retir…
Tag: Flipkart
NIESBUD joins hands with Anuna Education for e-Commerce entrepreneurship training of Indian clusters
New Delhi: National Institute of Entrepreneurship and Small Business Development (NIESBUD), an autonomous body under Ministry of Skill Development and Entrepreneurship, has signed a MoU with Anuna Education for implementing pan-India e-Commerce training for industrial/artisan clusters and village…
After a slow 2016, e-tailers expected to grow faster in 2017
The e-retail market in India is expected to regain growth after witnessing a blip in 2016 to become USD 80 billion sector by 2020, said a report by Redseer Consulting. According to the report the companies are heavily banking on 2017 and a lot is riding on ability of the e-tailers to grow their c…
IITs fourth largest producer of unicorn start-ups in the world
Chennai: If you aspire to create a billion-dollar business in India, one of the IITs is your best bet. Sage, a UK-based accounting and payroll company, stated this in a research released on January 28. In a study that lists universities that have produced the most unicorn founders, the Indian Ins…
Budget 2017: Will demonetisation woes be soothed by budget?
After the government suddenly pulled the rug out from under the country by banning the Rs. 500 & Rs. 1,000 notes, everyone has been hoping the budget (due on 1st Feb) will soothe the pain and hardships felt by the public. What about startups? What can we expect in the budget? One of the key […
The Nudge Foundation launches an incubator for non-profit ventures
The Nudge Foundation, a Bengaluru-based non-profit focused on poverty alleviation and which is backed by Nandan Nilekani, Tata Trusts and a host of industry bigwigs, is launching what is perhaps the first ever incubator to support non-profit ventures working towards pulling people out of poverty.…
India may face the heat to open up an e-Commerce sector
India is likely to face pressure from developed countries to open up its e-commerce sector. G-20 has for the first time asked various countries, including India, their views on e-commerce. In three issue notes circulated to the governments of member countries, the forum has asked for views on enh…
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…
India has five years to build strong research led IT: Nasscom, VP Industry Initiatives
Software lobby group Nasscom is looking at expanding the number of start-ups in India, incubating and nurturing them to grow at its centres. While the target is to reach 10,000 start-ups, the focus is also to build specialised start-ups in emerging technology areas. “So one of the outputs o…
Internet economy: Reality check at start-ups
For Indian Internet start-ups, this year turned 2015 on its head. Valuation markdowns, executive departures, job cuts, market share losses (to American rivals) and a lack of big-ticket fund raises dominated the headlines in 2016. It was a total departure from the previous year, when start-ups tou…