• STARTUPS
    So where do hiring start-ups hire from?

    A start-up that wants to make the hiring process easier for others, looking for developers on other platforms – is it a one-off or the norm? Photo: Getty Images/AFP Bengaluru: Swapnil Vats, founder of recruitment start-up Valonia (Valonia Learning and Recruiting Solutions LLP), wrote last year on his LinkedIn profile that he was looking for […]

  • STARTUPS
    Retail-tech start-up SnapBizz raises $7.2 million

    The Bengaluru-based company, which was started in 2013, had earlier received seed funding of $1.7 million from Qualcomm, Jungle Ventures, National Research Foundation of Singapore, Taurus Value Creation and Blume Ventures. Bengaluru: SnapBizz Cloudtech Pvt Ltd, a start-up that devises technology for corner grocery stores, has raised $7.2 million in an investment round led by […]

  • STARTUPS
    Start-up India good way to spend taxpayers’ money: poll

    Prime Minister Narendra Modi laid out an action plan for start-up enterprises, proposing self-certification related to nine labour and environment laws and said no government inspectors will visit start-ups in the first three years after their launch. Photo: PTI A majority of the respondents to an instaVaani poll have backed the Start-Up India programme launched […]

  • STARTUPS
    Amazon pumps Rs1,696 crore into Indian unit

    The latest infusion, which came in December, is the single largest tranche of funds received by Amazon Seller Services Pvt. Ltd, the Indian unit of Amazon, since 2014, according to documents filed with the Registrar of Companies. Photo: Reuters Bengaluru: Amazon.com Inc., the world’s largest online retailer, has infused an additional Rs.1,696 crore into its […]

  • STARTUPS
    Labour ministry moves to ease compliance norms for start-ups

    Start-ups are likely to create more than 100,000 jobs in 2016 and 225,000 jobs in 2018. Photo: Mint New Delhi: The labour and employment ministry on Sunday took steps to relax labour-related compliance measures for start-ups, a week after Prime Minister Narendra Modi unveiled the Start-up India initiative. The ministry has decided to exempt start-ups […]

  • STARTUPS
    Norwest to step up India investment

    Norwest’s India portfolio currently includes internet companies like travel portal Yatra, Quikr, Pepperfry and food delivery startup Swiggy. Mumbai: Norwest Venture Partners, one of the largest venture capital firms globally which has invested $700 million (about Rs.4,730 crore) in the country so far, will step up startup investments here in 2016. “In the past 15 […]

  • STARTUPS
    Power2SME names Nandan Nilekani as strategic investor

    Power2SME sources raw materials such as chemicals, additives, inks, paints, metals and polymer commodities for its clients. Bengaluru: Power2SME (BEBB India Pvt. Ltd), a start-up that makes procurement easier for small and medium enterprises (SMEs), announced on Monday that Infosys Ltd co-founder and former Unique Identification Authority of India head Nandan Nilekani has become a […]

  • STARTUPS
    2016—the year of discounted valuations

    The speculation is about which two will first join hands in 2016 to compete with the US leader—Amazon—that has doubled in market cap in the last year and remains the formidable force to reckon with. Photo: Bloomberg 2015 was the year of discounted products. 2016 will be the year of discounted valuations. When will be […]

  • STARTUPS
    Buildzar raises $4 million from Puneet Dalmia

    The company claims to get 750-800 orders a month with an average order size of Rs67,000. New Delhi: Glow Homes Technologies Pvt. Ltd, which owns and operates Buildzar, an e-commerce portal for construction materials, has raised $4 million from Puneet Dalmia, managing director of Dalmia Bharat Ltd. Dalmia has made the investment in his individual […]