Page 15 - Startups In India

Explained: How open-source software is powering India's startup ecosystem

Using open-source software gives startups the access to a powerful community and better tools

India's food-tech start-ups adding exciting new flavors to home-cooking

An entire section of working professionals, students and even senior citizens are dependent on home food service providers for their daily meals

Infra.Market becomes India's latest unicorn after $100-million fundraising

The company seeks to offer an enhanced procurement experience to players in the construction ecosystem.

MediBuddy raises $20mn funding from India Life Sciences Fund III, others

The firm raised $20 million (about Rs 145 crore) earlier this month from India Life Sciences Fund III, LLC and others

Sharp rise in Micro VC investments as 566 startups get $341 mn in 3 years

With the startup ecosystem blooming in India, the number of such funds rose from 29 in 2014 to 88 funds last year

Isro on a mission to give leg-up to start-ups in space sector

ISRO has embarked on a mission to take startups in the space sector to a higher orbit with a string of initiatives to help them realise their business potential. It is keen on formulating an exclusive space startup programme -- "Space Entrepreneurship & Enterprise Development (SEED)", Secretary in the Department of Space and Chairman of the Indian Space Research Organisation (ISRO) K Sivan said. SEED is conceived as a competitive early stage encouragement programme to startups and MSMEs (Micro, Small, Medium Enterprises) keen on developing products/services in focus areas of interest to ISRO with the space agency helping them to use its facilities, officials said. A formal mechanism for the programme was expected to be announced soon, they said. With recent reforms opening up doors for enhanced private sector participation in the space sector, ISRO is thrilled to receive several proposals from industries and startups, Sivan said. "These proposals reflect the true ...

Indian Bank signs MoU with IISc initiative to fund start-ups, MSMEs

State-owned Indian Bank on Friday said it has entered into an MOU with Society for Innovation and Development (SID), an initiative of Indian Institute of Science, for extending exclusive credit facility to Start-ups and MSMEs. This initiative is a part of the Banks scheme Ind Spring Board for financing Start-ups and will empower Start-ups and MSMEs to realise their research efforts powered by financial support from the Bank and backed by incubation facilities offered by SID, it said in a release. The Bank will extend loans of up to Rs 50 crore to these start-ups for their working capital requirements or for purchase of machinery, equipment etc, it added. Stating that SID is the forerunner in setting up joint R&D with industries and supporting start-up incubation, the bank said, it provides support to the MSME sector by providing joint research and development arrangements and technical and financial support for incubation and acceleration of high-end technology ...

35 Indian enterprises make it to the first Startup Bridge Canada programme

SBC will run a six-week Canada access market programme; 50 mentors from Canada onboarded for the programme

Logistics firm Shiprocket raises Rs 200 crore in series C funding round

Investors included Silicon Valley based venture capital firm Tribe Capital

Flipkart, trade body tie up to enable small businesses to grow

The firm has signed a memorandum of understanding (MoU) with Tamil Nadu Micro, Small Medium Enterprises Trade and Investment Promotion Bureau

The/Nudge, State Street launch $750,000 fund for Indian non-profit startups

The fund is for incubating non-profit start-ups, with a technology focus, through a 3-year partnership

Startup founders must aim to create institutions, not just valuations: PM

Modi on Wednesday urged India's startup founders to think how to create institutions and not focus on valuations alone

Pivot or perish: How three young startups absorbed the Covid shock

They not only withstood the onslaught but scaled new heights too. A Nasscom survey of 250 enterprises last year says over half were looking to diversify seeking new growth opportunities

BharatPe set to become next unicorn after valuation crosses $900 mn

The fintech firm, which competes with players like Pine Labs, Paytm and Mswipe, provides payment technology and digital lending for offline businesses, including kiranas

India Quotient raises fourth fund worth $80mn for 'game-changing' startups

Venture capital fund has funded close to 70 startups over the last eight years.

Karnataka to soon unveil policy framework on agriculture start-ups

Karnataka Agriculture Minister B C Patil said the Government would soon unveil a policy framework on agri start-ups

Housing.com partners startup Propdial to boost rental services business

Realty portal Housing.com on Tuesday said it has tied up with Gurugram-based property and rental management technology firm Propdial

HDFC Bank invites applications from entrepreneurs for SmartUp grants

The bank will be focusing on start-ups in the education (edtech) and skill development sector this year for the grant

Paytm's Vijay Shekhar, Innov8 CEO invest in startup Supersourcing

Paytm founder Vijay Shekhar Sharma and co-working space provider Innov8 CEO Ritesh Malik have invested in eight-month-old company Supersourcing

Edtech startup Newton School raises $5 million Series A round of financing

City-based ed-tech startup, Newton School, has raised USD five million Series A round of financing, led by RTP Global. The funding round saw participation from existing investors Nexus Venture Partners, Prophetic Ventures and Unacademy co-founders Gaurav Munjal, Roman Saini and Hemesh Singh. Flipkarts CEO Kalyan Krishnamoorthy, CREDs Kunal Shah, Freshworks Girish Mathrubootham, Udaans Sujeet Kumar and Razorpay founders Harshil Mathur & Shashank Kumar along with a slew of angels also participated in the round, it said in a statement. The capital will be used for team expansion, scaling student intake and product development, it was stated.