Pitstop, India’s first independent doorstep car services provider has formed a joint venture with Goldbell Group of Singapore to launch an end to end platform for management of service and repair of vehicles in Singapore. Pitstop will invest $ one million to expand operations in Singapore aimed at wider adoptionRead More

Bangalore based artificial intelligence (AI) startup Mate Labs has raised a seed fund amount of $550,000 from multiple investors led by Omphalos Ventures India. Other investors include Eagle 10 Ventures, 91Springboard, Deepak Sharma (former Chairman of CITI Bank), Khattar Holding Pte Ltd., Sumit Sinha (of Kristy’s Kitchen acquired by CureRead More

Nestaway, that provides home rental services and is believed to have the largest networks in such business, has raised $ 51 million or Rs 330 Crores in series D financing from a consortium led by Goldman Sachs. The others who took part in the funding include UC-RNT Fund, a jointRead More

Taiger, a Singapore-based company specialising in applied Artificial Intelligence (AI) solutions, has successfully closed its Series A round. The S$8 million funding was led by Tembusu ICT Fund I and SGInnovate, reports M2MCafe, a technology news portal that tracts all things IoT. Taiger specialises in information access and knowledge extraction,Read More

In its bid to support and encourage entrepreneurship among women, the National Institute of Electronics and Information Technology (NIELIT), a body with the Ministry of Electronics and Information Technology (MeitY), Government of India has launched a unique initiative “सक्ष-हम– Power of She” aimed at encouraging entrepreneurship among women under ‘DigitalRead More

Naresh Bansal founded Intex Technologies has joined the same league as Micromax in one more area besides being in the mobile phones and electronics appliances business – investing in startups. The company today announced its first investment in digital sports startup Rooter. Rooter has a platform that connects, engages andRead More

Mobile balance management app True Balance Monday announced it has secured investmnet of Rs 100 Crore in Series B round of funding from Softbank Ventures Korea and some other VCs. The investment includes additional funding from the global venture capital firm SoftBank Ventures Korea which participated in the Series ARead More

Micromax, arguably the biggest among Indian mobile phone companies, is planning to set up an investment fund of $75 million to invest in internet startups. The company will invest in local as well as global startups. Named Orbis Capital, the investment fund has already taken on board Truecaller founder NamiRead More

Reliance Group’s Internet of Things venture Unlimit and government of India’s investment facilitating arm Invest India have came together to run an IoT idea contest in the country for the budding entrepreneurs. The IoT idea contest, called Interthrone, has also got support from Sardar Patel Institute of Technology and IB-HubsRead More

Data Analytics startup IntelligenceNode today said it has raised Rs 5 crore funding from Mumbai based specialized financing NBFC firm BlackSoil Capital Private Limited. The company, in August 2015, had raised around Rs 26 crore from NEA & Orios Capital ventures. “We found the products, the technology, the founders andRead More