Startups News - Page 15

Electronics body IESA join hands with TiE to promote IoT start-ups

IESA and TiE will establish an ecosystem to promote exchange of ideas and information and foster entrepreneurial action on IoT activity in Bangalore and to facilitate networking and mentoring amongst peer groups.

Good news, travel startups: MakeMyTrip sets up $15 mn innovation fund

Founded in 2000, makemytrip launched India operations in 2005. The group achieved sales exceeding Rs 7,600 crore in the financial year ending March 2014.<br />

Big plans: Myntra eyes two-fold spike in revenue at Rs 2,000 cr in FY15

Flipkart had acquired Myntra in May this year for an estimated Rs 2,000 crore and had said it would invest $100 million in its fashion business in the near-term.<br />

Wipro sets up $100 mn VC fund to invest in start ups; Rishad Premji to head

The importance of this venture can be seen from the fact that the Chairman's son will be spearheading it. Sources who were familiar with this key initiative said that traditional IT firms face threat from start-ups which have increasingly come up with disruptive technologies that have changed the landscape in the IT and ITeS sector, reports Economic Times.

How Goli befriended goliath to make humble vada pav a national snack

From a modest beginning of a single store, Goli Vada Pav has become a successful franchise model - 275 outlets in 55 cities in 14 states.

Flipkart, NIFT join hands to turn students into entrepreneurs

NIFT today signed a memorandum of understanding (MoU) with the e-commerce giant to work together on enhancing the market-oriented learning of the students and expose them to trends from across the globe.<br />

Great news for philatelists: Snapdeal ties up with India Post to sell stamps

World's largest postal service, India Post has tied up with online marketplace major Snapdeal to sell stamps to reach out to larger audiences.

To challenge Alibaba, China's biggest property developer Wanda to set up $800 mn e-commerce JV

The e-commerce company will be registered in Hong Kong. After a test run this year, its online services will be formally launched next year.

It's official: Ratan Tata makes e-commerce foray, invests in Snapdeal

Snapdeal, which has raised about $400 million since its inception, has invested about $100 million in logistics and operations to expand its presence in the $3 billion Indian eCommerce market.<br />

Homing in on realty: Tata Value Homes, Snapdeal to sell homes starting at Rs 31 lakh

Not just real estate, Snapdeal.com claims it was the first e-commerce site in India to sell scooters and other atypical products too. And 10 more such atypical verticals are coming up over the next one year.<br />

Here's why this investment bank wants to support agri, dairy business startups

This is akin to an angel fund, where one would typically identify three-five solid business ideas and see if you can get them funded instantaneously.

Flipkart inks pact with Textile Ministry to provide online platform to handloom weavers

Textiles Ministry today inked a pact with homegrown e-retailing major Flipkart to provide an online marketing platform to handloom weavers across the country, an initiative to boost the handloom sector, empower the weavers and uplift manufacturing in the country.

How Unbxd is making online shopping a lot easier for you

The software, which throws up customised preferences, reduces the time a buyer spends on an e-commerce website searching for items of her choice

Watch out, Myntra! Snapdeal has plans to hit Rs 6,000 cr in fashion sales by FY16

Snapdeal has lined up a host of new products and services, focussing on the fashion vertical, in an attempt to give rivals Flipkart and Myntra a run for their money.

Profitable business model a must for e-commerce firms: PwC Director

With 243 million Internet users, India's e-commerce industry is growing at 38 percent year-on-year. Analysts expect the market, which is now $15 billion, to touch $100 billion in the next five years.<br />

New incubator Stun to work with governance, financial services startups

It will charge no fees or equity for the first 90 days of a start-up going through their incubation period. It plans a maximum funding of Rs 15 lakhs for early seed companies.

Amazon will deliver your Diwali gift by drones in just 90 mins of placing order

Mobiles and books will be delivered within 90 minutes to three hours of an order being placed. The pilot project will be tested in Mumbai and Bangalore since that is where Amazon has its fulfillment centres.

Angel InvestorRehan Yar Khan launches Rs 300crore Orios Venture Partners

Indian early stage investor, Rehan Yar Khan, today launched his first Venture Capital fund Orios Venture Partners with a Rs 300 crore corpus to back technology entrepreneurs.

How Flipkart hopes to benefit from its offline and online Fliptomania stores

Why would Flipkart, the poster-boy of the country's online shopping movement move from clicks to brick-and-mortar?

Multi-billion dollar baby: Data analytics firm Mu Sigma set to raise another $500 mn?

Data analytics firm Mu Sigma is reportedly looking to raise fresh funds in a bid to place itself in the billion-dollar valuation club.

Entrepreneurship boost: Karnataka govt to set up incubation centres in 9 colleges

The Government of Karnataka (GoK) announced a Memorandum of Understanding (MoU) with nine engineering colleges in the state to set up new age incubation centres to encourage entrepreneurship and innovation.

Nasscom, Karnataka govt team up to set up Hack-Celerator, startup incubation facility

Once operational, this will be one of the largest multi-disciplinary technology incubation facilities in Asia and the largest across the top five metro cities of India

Lessons from Amazon, Flipkart: Next wave for e-commerce is tech and services

The general consensus viz-a-viz merger and acquisition (M&A) activity has its votes around deals bringing specific value to business.

How celeb endorsements, small towns are crucial to online brand Yepme's growth

Sandeep Sharma, co-founder, Yepme, talks about the company's international launch, and the huge demand the portal is seeing from smaller towns.<br />

Harder glass ceiling? Why Indian women aren't starting up as much

It is a struggle for women, but experts say, some of it is made tough by women themselves

Portea forays into wireless devices market, aims to cover 50 cities in next 2 years

Portea Medical, a home healthcare services provider raised an undisclosed amount of funding from Qualcomm Ventures, the venture investment arm of Qualcomm Incorporated

Health-wise: 4 startups jump on the cold pressed juices bandwagon

While cold pressed juices are all the rage abroad, the concept it just finding its feet in an Indian market inundated and familiar with big brand juices like Tropicana and Real.

Pinterest acquires Spanish start-up Icebergs to court professional desginers

Online bulletin-board service Pinterest yesterday announced the acquisition of Spanish start-up Icebergs, specialising in helping creative people collaborate on projects.

Fashion technology to real estate: What Flipkart could splurge on with $1bn funding

There are multiple theories on what Flipkart could spend its expanded war chest on. Here are four things it could splurge

It's confirmed: Flipkart raises $1bn in fresh funding; drops plans to go public

Flipkart today said it has raised USD 1 billion (over Rs 6,000 crore) in fresh funding from a group of investors, the largest so far in the fiercely competitive online shopping segment in the country.