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Flipkart's valuation up 64%, Ola's up 12%

Monday, July 31, 2017, 8:59 AM

Flipkart's valuation up 64%, Ola's up 12%

Vanguard, one of the world's largest asset management company, has marked up the valuation of two poster boys of Indian startup ecosystem - online retailer Flipkart and cab-hailing app Ola - according to filings made by one of the funds managed by the firm.While Vanguard World Fund has marked up Flipkart's valuation by up to 64%, Ola's was marginally moved up by 12%.

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Unpaid supplier can now initiate bankruptcy proceedings

Saturday, July 29, 2017, 3:02 PM

Unpaid supplier can now initiate bankruptcy proceedings

Indian banks are saddled with bad debt and as the banking industry goes about recovering about Rs 8 lakh crore in doubtful loans, the new Insolvency and Bankruptcy Code is expected to provide the much-needed teeth to the financial institutions. Aspects like a time bound recovery period for corporates, simpler ways for creditors to initiate bankruptcy proceedings means there would noticeable impact on companies, including start-ups.

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Rs 2,000 cr credit guarantee scheme for startups under process

Wednesday, July 26, 2017, 6:47 PM

Rs 2,000 cr credit guarantee scheme for startups under process

The government is in the process of formulating a Rs.2,000 crore credit guarantee scheme to enable startups to raise loans without any collateral, parliament was told on Wednesday. "Government is formulating a Credit Guarantee Scheme for Startups (CGSS) with a corpus contribution of Rs.2,000 crore that will enable startups to raise loans without any collateral for their business purposes," Commerce Minister Nirmala Sitharaman said.

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Yuvraj Singh invests in Delhi-based startup 'Gurukul'

Wednesday, July 26, 2017, 10:34 AM

Yuvraj Singh invests in Delhi-based startup 'Gurukul'

Cricketer Yuvraj Singh has invested in Delhi-based start-up Gurukul and has chosen to be a brand ambassador of the same for the next four years. Co-founded by Abhinav Tandon and Mohammed Sirajudin Gurukul's business model based on shared office spaces. He is a partner in the company and holds equity, said Abhinav Tandon, co-founder of Gurukul, as per multiple media reports.

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10 Indian start-ups graduate from 'Nexus Incubator'

Friday, July 21, 2017, 7:01 PM

10 Indian start-ups graduate from 'Nexus Incubator'

The first batch of 10 Indian start-ups was on Friday graduated from the "Nexus Incubator", a collaboration between the University of Texas and the US State Department, during the event.The startups were chosen from over 113 applications from across the country and underwent an intense 10-week training programme that featured workshops led by expert speakers and industry leaders from India and the US.

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B2B startups coming up in big way says tech investor Mohandas Pai

Thursday, July 20, 2017, 5:11 PM

B2B startups coming up in big way says tech investor Mohandas Pai

Tech investor T V Mohandas Pai on Thursday said business-to-business startups are coming forth in a "big way" despite difficulties in running them when compared to business-to-consumer startups. Quoting a report, he said there are 20,000 startups in India and 90 percent of them are B2C because they are started by young people barely out of college.

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Subscription services startup RainCan raises Rs 1.75 crore

Wednesday, July 19, 2017, 2:53 PM

Subscription services startup RainCan raises Rs 1.75 crore

Subscription services startup for delivery of fresh and perishable items RainCan has raised Rs 1.75 crore in pre-series A round of funding led by Prabodh Agarwal, group CFO, IIFL Holdings Ltd., and existing investor Dr. Aniruddha Malpani. The Pune-based company plans to use the funds to expand its delivery operation centers and set up a logistics platform to facilitate deliveries at a low cost.

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This is the golden age to create wealth in India: Amitabh Kant

Tuesday, July 18, 2017, 6:40 PM

This is the golden age to create wealth in India: Amitabh Kant

For all young minds who do not want to stand in queues meant for job seekers, India is creating huge opportunities to drive entrepreneurship. From unique startup culture, to sourcing funds, a positive business environment and laws have been introduced that have led to the virtual creation of a golden age to create wealth in the country, said Amitabh Kant, CEO of NITI Aayog.

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Ex-startup founders join other similar startups to keep going

Saturday, July 15, 2017, 8:58 AM

Ex-startup founders join other similar startups to keep going

A bunch of startup founders and CEOs whose previous ventures shut or got acquired are keeping their entrepreneurial dreams alive by becoming senior employees at similar companies. Several such founders have already joined both early-stage companies and e-commerce giants and others are looking for similar opportunities, said search firms specialising in the startup space.

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Twitter, Google, acquire Indian startups for high-quality desi talent

Friday, July 14, 2017, 9:54 PM

Twitter, Google, acquire Indian startups for high-quality desi talent

US technology giants such as Google, Facebook, Twitter and Apple are looking at acquiring Indian start-ups to shore up on the high-quality talent available in the country to help build new-age products or services. However, these acquisitions might not necessarily give these large-firms access to any new-technology or market. Since 2014, Google, Facebook, Twitter and Apple have all made their first acquisitions in India.

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