Gopalakrishnan advised startups to take minimum funds from angel, friends and families. They have to create minimum viable product, and establish unit economics and profitable model, he underlined.
Other investors include Astarc Ventures and Mumbai Angels Network
Its President Timothy L Killeen lauded the vibrant Indian startup ecosystem and said his university with its experience and being located "at the heart of the market" can offer help to such firms
The funds will also be used to launch more brands under the Honasa Consumer Pvt Ltd
Started exclusively in India by the American Center, the Nexus Startup Hub has trained more than 90 startups through 9 cohorts each with a 10-week programme
The startup which offers industry-ready higher education programmes and follows a Pay after Placement model will be using the fund to build its network of colleges across various cities
Besides traditional trade channels like supermarkets and restaurants, Coolberg is available across 12,000 outlets, including some at offices, colleges and airports
Ally's product is based on the objectives and key results framework, an operating model for running agile businesses
The firm processes over 60,000 requests per minute and facilitates over 45 million check-in requests every month to help apartments manage visitors, including guests, as well as deliveries and cabs
This is the fifth acquisition by Westbridge Capital-backed firm
The key focus of the MoU is to build business opportunities for each country's startups in the other's market
In June, Meesho raised funding from social media giant Facebook
Meesho is part of a crop of new e-commerce companies that are trying to take advantage of social connections to facilitate sales
SaaS start-up O4S aims to track over 5 billion products next year
The Gurugram-based events marketplace is operating from a website and is present in Delhi-NCR and Bengaluru with 5,000-plus users
Why we need Silicon Valley's sharing spirit in India
The rising interest in India occurs as investment in China's recently booming startup sector faces a steep drop-off
Even the Economic Survey which was presented on Thursday highligthed the importance of the segment
Funding has dried up, government initiatives are riddled with problems and the days of copycat ideas are over
This comes on the back of 27 per cent drop in angel investment deals and 50 per cent drop in deal volumes in 2018