• STARTUPS
    Hardware start-ups warm up to Make in India

    Photo: Ramesh Pathania/Mint When Prime Minister Narendra Modi exhorted entrepreneurs to make in India in his 2014 Independence Day speech, it was touted as a watershed moment for the manufacturing sector, which accounted for 17.3% of the country’s gross domestic product in 2013-14. The corresponding number for China stood at 36%, according to the World […]

  • STARTUPS
    Ratan Tata invests in retail tech start-up Snapbizz

    SnapBizz had earlier raised $7.2 million in an investment round led by venture capital firms Jungle Ventures, Taurus Value Creation, Konly Venture and Blume Ventures in January. Photo: Pradeep Gaur/Mint Bengaluru: SnapBizz Cloudtech Pvt. Ltd, which devises technology for grocery stores, said it raised an undisclosed amount of funding from Ratan Tata, chairman emeritus of […]

  • STARTUPS
    Aasaanjobs raises $5 million from Aspada Advisors, others

    Aasaanjobs last raised $1.5 million in a round led by IDG Ventures and Inventus Capital in January 2015. Mumbai-based Aasaanjobs Pvt. Ltd, which owns and operates recruitment website Aasaanjobs, on Monday said it had raised $5 million in a Series A funding round led by Aspada Advisors, with participation from existing investors. Aasaanjobs last raised […]

  • STARTUPS
    Govt plans start-up center for capital goods sector

    Photo: Mint Mumbai: The Indian government has decided to create a ‘start-up centre’ for the capital goods industry and will also launch a technology development fund for the sector. The ministry of heavy industries and public enterprises, on Monday, while announcing national capital goods policy 2016, said it will create a start up centre for […]

  • STARTUPS
    Middle East-based Wadi.com raises $67 million

    Wadi, which currently caters to shoppers in the United Arab Emirates (UAE) and Saudi Arabia, claims to have more than 500 merchants—about 50 of them from India—selling more than 150,000 products from over 2,000 brands. Wadi.com, a Middle East-based online retail platform co-founded by former Jabong executive Pratik Gupta, said it has raised $67 million […]

  • STARTUPS
    The battle of Indian Internet unicorns

    Photo: iStock “I believe that whatever doesn’t kill you, simply makes you…stranger,” so says the Joker in Christopher Nolan’s The Dark Knight. What he really means is not all change makes you stronger or better. Some changes leave a scar, or break us from the inside. When looked at from the perspective of Internet companies, […]

  • STARTUPS
    Venture debt firms see pick up in demand as equity deals slow

    Venture debt firms lend to new economy start-ups which are high-growth companies, asset-light and might have cash burn. Photo: Priyanka Parashar/Mint Mumbai: The slowdown in the availability of equity funding and a downward pressure on valuations in the venture capital ecosystem in the country has emerged as a business opportunity for firms which lend to […]

  • STARTUPS
    Buddy, a student micro-financing start-up, raises $500,000

    Bengaluru-based Buddy provides small loans to purchase smartphones and laptops among others to help the student during academic years. It has several short and long-term repayment plans across 3-18 months. Photo: HT Bengaluru: Student micro-financing start-up Buddy (GaragePreneurs Internet Pvt. Ltd) on Tuesday said it has raised $500,000 angel investment from Blume Ventures, Tracxn Labs […]

  • STARTUPS
    TableHero raises $1 million from growX ventures, Freecharge founders, others

    Apart from growX, FreeCharge founders Kunal Shah and Sandeep Tandon, India Value Fund Advisors partner and former chief executive officer of Network 18, Haresh Chawla, Powai Lake ventures and Globevestor also took part in the funding round. New Delhi: TableHero, a start-up providing an intelligent operating system for small local businesses, said on Tuesday that […]