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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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Sourav Ganguly invests in online video platform Flickstree

Tuesday, July 11, 2017, 9:28 PM

Sourav Ganguly invests in online video platform Flickstree

Former Indian cricket captain Sourav Ganguly has made his first startup investment in video aggregator Flickstree.The company has raised Rs 3 crore from Venture Catalyst, Aditya Group (Kolkata) and Moksh Sports, apart from Ganguly. Ganguly will be promoting the company apart from being a key stakeholder. Calling itself "India's first personal video magazine", Flickstree will rely entirely on advertisements for revenue.

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World Bank, Alibaba fund invest in fintech startup

Tuesday, July 11, 2017, 4:11 PM

World Bank, Alibaba fund invest in fintech startup

Hong Kong-based startup CompareAsiaGroup has secured $50 million in funding from investors led by the World Bank's commercial lending arm, as the personal finance management platform looks to develop its technology and launch more products. The International Finance Corp (IFC), as the World Bank unit is called, said it had agreed to invest $15 million in the firm.

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Priyank Kharge launches programme to identify Karnataka's100 startups

Wednesday, July 5, 2017, 11:16 AM

Priyank Kharge launches programme to identify Karnataka's100 startups

IT & BT Minister Priyank Kharge on Tuesday opened the governments ELEVATE 100 programme. The programme is about identifying 100 of the most innovative startups in Karnataka and helping them to scale up through both financial support and mentorship. The government has set up a Rs 400 crore fund to help startups by way of venture funding through partner VC funds.

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Start-ups in Karnataka to receive Rs 400 crore boost

Tuesday, July 4, 2017, 5:00 PM

Start-ups in Karnataka to receive Rs 400 crore boost

The Karnataka government will spend Rs.400 crore to ‘elevate’ 100 startups by providing them funds and mentors to help them turn their ideas into successful businesses, state IT and BT Minister Priyank Kharge said Tuesday. The funds had been allotted under ‘Elevate Programme’, stated to be the first of its kind in the country, and was unveiled by Kharge.

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Bengaluru-based startup directed to stop delivering diesel

Tuesday, July 4, 2017, 2:09 PM

Bengaluru-based startup directed to stop delivering diesel

A city-based startup which recently started a first-of-its-kind door delivery of diesel has hit a roadblock, after Petroleum and Explosives Safety Organisation directed oil marketing companies and private retailers not to sell fuel to it, citing "safety." In a letter to Union Oil Minister Dharmendra Pradhan and PESO, Mypetrolpump CEO Ashish Kumar Gupta has requested them to pass an interim order for certain limited quantity of delivery.

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