Tuesday, July 18, 2017, 6:40 PM
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.
Saturday, July 15, 2017, 8:58 AM
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.
Friday, July 14, 2017, 9:54 PM
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.
Tuesday, July 11, 2017, 9:28 PM
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.
Tuesday, July 11, 2017, 4:11 PM
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.
Wednesday, July 5, 2017, 11:16 AM
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.
Tuesday, July 4, 2017, 5:00 PM
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.
Tuesday, July 4, 2017, 2:09 PM
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.
Monday, July 3, 2017, 5:54 PM
Think Bangalore, think startups. The city has firmly established its Silicon-Valley-of-India image in the last couple of years. But Priyank Kharge, Karnataka’s IT minister is far from done. After creating a proactive incubation, mentoring, and funding infrastructure for startups, the 39-year old minister is now burning the midnight oil to diffuse the concentration of startup innovation from Bangalore onto other parts of the state.
Monday, July 3, 2017, 3:45 PM
Reliance Corporate Advisory Services, an arm of Reliance Capital, today said it has made an investment of about Rs 7 crore ($1 million) in alternative digital lending startup Billionloans Financial Services Pvt Ltd. This is the second major startup investment, after Paytm, by Reliance Capital. The investment is in line with RCap's strategy to expand its consumer lending business across platforms.
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