BENGALURU: The prolonged funding winter bearing down on Indian start-ups could leave several companies with bare branches. Hiring at start-ups this year has dropped by 10-50%, according to recruitment companies that hire for start-ups. This is particularly true for e-Commerce, logistics, grocery …
Tag: Funding
Sporting app, Sportido raises funding from Sumpoorna Group
Sportido, a location-based sporting app that connects sports and fitness enthusiasts to other players, venues and events, has secured an undisclosed amount of funding from Sumpoorna Group, a holistic investment advisory syndicate that operates across verticals of retail, domestic and foreign inst…
UpGrad ties up with PVR, Lenskart, Shopclues for scholarships in entrepreneurship
UpGrad, an online education platform for working professionals, has tied up with PVR, Lenskart and ShopClues to offer free scholarships for its entrepreneurship programme. Under this partnership, PVR, Lenskart and ShopClues will sponsor 50 candidates each. The applications are both online and in …
Compliance services venture HiGrit raises seed fund
HiGrit, a start-up that advises other start-ups on legal and other statutory compliance issues, has raised a seed funding from two Chandigarh-based investors. The Founders refused to divulge the size of the investments but said they might soon go for another round for expansion. The Delhi-based s…
Data analytics firms gear up to lure the best talent
Fractal Analytics, which recently raised $100 million from Malaysian sovereign wealth fund Khazanah, plans to step up the hiring of data scientists and technologists. Rival Axtria will also be adding people as companies in the data analytics space see a boom. “We are investing big in product busi…
Siftr magic cleaner launched in six Indian languages
Siftr Labs, founded by former Abode employees Romil Mittal and Mayank Bhagya, launched its junk cleaning app AI powered Magic Cleaner in six Indian languages including Hindi, Marathi, Tamil, Telugu, Kannada and Bengali. The move is part of the company’s strategy to reach out to non-english …
Asia’s richest may quench startups’ thirst for funding
The family offices of two of Asia’s richest men, Alibaba Group Chairman Jack Ma and Executive Vice Chairman Joseph Tsai, are among a fresh breed of Chinese investors exploring investments in India, seeking to replicate their successes outside their home market. While their personal investme…
Sport merchandise start-up Zeven to open brand stores
Home-grown, multi-sport, footwear and apparel start-up Zeven, which went live with its e-commerce site Zevenworld.com in January, is preparing to open four exclusive brand stores this year. Targeted at the 16-80 age group, Zeven is adopting an omni-channel approach to reach its customers. The fir…
Bengaluru-based startup MyVote.Today aims to be a voice for social activism
In a social media-centered world people may have so many platforms to voice their opinion, but there are few platforms where opinions can be converted into ground-level action. Bengaluru-based MyVote.Today looks to fill that gap by providing a polling platform on various issues. “We pick up…
Government to help small enterprises in defence sector compete globally
The initiative gets significance in the light of a recent report by the Quality council of India which speaks about poor state of the micro small and medium enterprises (MSME) sector. In order to make the Micro Small and Medium Enterprises (MSMEs) involved with the defence sector globally compete…