Startups

Flipkart’s Binny Bansal Resigns Over ‘Serious Personal Misconduct’

Flipkart’s Binny Bansal Resigns Over ‘Serious Personal Misconduct’

November 13, 2018 at 9:34 pm 0 comments

Binny Bansal, who co-founded Flipkart along with Sachin Bansal, has resigned from his post of Group CEO with immediate effect. A complaint regarding his personal misconduct has been attributed to his resignation from the firm. “His decision follows an independent investigation done on behalf of Flipkart and Walmart into anRead More

Invest India, WhatsApp Join Hands To Support Indian Startups

Invest India, WhatsApp Join Hands To Support Indian Startups

November 1, 2018 at 9:00 am 0 comments

In an effort to fuel the growth of India’s entrepreneurial and small business community, Invest India through its flagship initiative Startup India has partnered with WhatsApp on a program that focuses on the proliferation of start-ups, promoting economic growth and generating employment opportunities in India. Dedicated to driving success andRead More

Pitstop To  Invest $1 Mn in Singapore Operations

Pitstop To Invest $1 Mn in Singapore Operations

October 15, 2018 at 11:57 am 0 comments

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

Artificial Intelligence Startup Mate Labs Raises $500,000

Artificial Intelligence Startup Mate Labs Raises $500,000

September 21, 2018 at 12:28 pm 0 comments

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 Raises $51 million, To Enter Into student Housing

NestAway Raises $51 million, To Enter Into student Housing

March 1, 2018 at 5:14 pm 0 comments

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

AI Startup Taiger Raises S$8 Mn Series A From Tembusu And SGInnovate

AI Startup Taiger Raises S$8 Mn Series A From Tembusu And SGInnovate

August 24, 2017 at 10:51 am 0 comments

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

NIELIT Launches ‘Power Of She’ Program Eyeing Women Entrepreneurs

NIELIT Launches ‘Power Of She’ Program Eyeing Women Entrepreneurs

July 19, 2017 at 5:52 pm 0 comments

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

Intex Follows Micromax’ Footsteps, Invests In Startups

Intex Follows Micromax’ Footsteps, Invests In Startups

March 28, 2017 at 3:08 pm 0 comments

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

True Balance Raises Rs 100 Cr In Series B Funding

True Balance Raises Rs 100 Cr In Series B Funding

February 20, 2017 at 12:36 pm 0 comments

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 To Create $75 Million Investment Fund

Micromax To Create $75 Million Investment Fund

February 6, 2017 at 11:05 am 0 comments

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