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Post Startup India, 2,200 ventures get DIPP stamp

Tuesday, August 8, 2017, 7:38 AM

Post Startup India, 2,200 ventures get DIPP stamp

Over 2,196 new ventures have been recognised by the Department of Industrial Policy and Promotion (DIPP) since the launch of Startup India, easing patent filing and credit availability for them. Government data shows there has been a spurt in registrations of startups following the change in definition in May 2017, which did away with the requirement of a recommendation letter from an incubator.

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Hrithik Roshan inks Rs 100 cr deal with startup Cure.Fit

Tuesday, August 8, 2017, 7:19 AM

Hrithik Roshan inks Rs 100 cr deal with startup Cure.Fit

Health and wellness startup Cure.fit has signed on actor Hrithik Roshan as brand ambassador in what is touted as one of the largest endorsement deal signed by an Indian startup. The five-year association, valued at Rs 100 crore, includes the actor’s equity stake in the company in lieu of cash investment, promotions and royalty from his personal brand HRX’s specialised workout plan.

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Scheme to boost startups in agriculture sector launched

Thursday, August 3, 2017, 7:42 PM

Scheme to boost startups in agriculture sector launched

The National Academy of Agricultural Research Management (NAARM) on Thursday launched "AGRI UDAAN" programme in which selected startups will be trained to develop innovative agriculture products. The startups will learn about different aspects of capacity building such as technology commercialisation, business plan preparation, finance management, said Ch. Srinivasa Rao, Director of NAARM.

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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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