Startups News - Page 4

Flipkart-IIM fracas: With no easy money, startups are now more grounded

As many as 13 start-ups shut shop in 2015 and before the half-year mark this year, some start-ups have shown they have lost steam.

FinMin should raise tax holiday for start-ups to 7 years, says Nirmala Sitharaman

The Minister said she would visit different co-work spaces of these new age companies to see the ground picture and infuse fresh energy.

Hyderabad Angels invests Rs 15 crore in 12 start-ups in 2015-16

As part of pre-series ‘A’ investment, HA invested up-to $1 million and as part of seed round, it invests up-to $150 million.

No hiccups for startups: 30% rise in funding and investors still bullish

Q1’16 got off to a good start with eCommerce marketplace Shopclues making it to the billion dollar club after raising funds from GIC and existing investors Tiger Global and Nexus Venture Partners.

Tata Group enters e-commerce venture with Tata Cliq, to focus on apparel and electronics

"We don't want to get into the discount wars, we want to serve customers with great products and build a sustainable business," said Chief Executive Ashutosh Pandey of Tata Unistore, parent of the operator of Tata Cliq.

It is not just Flipkart, the factory culture has infected all tech companies

The amount of startups that have mushroomed from other bigger startups is testament to the fact that we do not know how to hone and maximize the output from the talent we have at our disposal.

I always wanted to be an entrepreneur, says Varun Khaitan, co-founder, Urban Clap

My dad is very proud of what I have done and shares what he reads about the company in the media and from friends and family.

Online lending platform Capital Float raises $25 mn Series B round

This round of growth capital will help the company to expand its lending footprint to over 20,000 SMEs in 100+ cities, and to introduce new, transformational financial products online, according to a company press release.

Hyderabad-based startup Driven offers high-end cars, bikes on rent from a cafe

Vehicles are rented out in different business plans ranging from hourly basis to unlimited hours plans.

Mobile health and fitness startup HealthifyMe raises $6 million in Series A funding

HealthifyMe’s app is free and enables users to keep a track of their calories, set personal fitness goals and measure progress.

Logistics platform Locus raises $2.75 million in Series A funding

Locus enables enterprises with technology to manage their deliveries, with features including, automated smart dispatches, tracking, and fleet visualization, proprietary geocoder and proprietary route deviation engine.

Education startup EduAce Services secures $1 million seed funding from MoMagic

It aims to create various such strategic IP products aimed at the vast schooling community across India, said company sources.

Snapdeal acquires TargetingMantra, boutique technology firm

TargetingMantra’s team will further the on-going initiative to build the ‘customer experience engine’ which will personalise shopping experiences for customers.

Unbxd raises Series B funding from IDG Ventures, Inventus Cap, IAN

Unbxd is now looking at strengthening its reach in the North America region increasing its user base for enterprise retail customers.

Ensure J&K SMEs get hassle-free loans, says Mehbooba Mufti to Raghuram Rajan

Mufti said banks need to focus on priority sector lending in the state, particularly targeting tourism, handicraft, handloom, agriculture and allied segments, which have a huge potential to generate avenues of employment for youth.

Athletic gear for business attire: Indian American clothing brand factors weather changes in apparel

He took his favourite Nike socks, sewed them inside the dress he wore to work.

Granddad inspired me to start my next venture, says Housing.com co-founder Advitiya Sharma

In less than a month after working on the idea with like-minded people who were eager to be part of it and a couple of them who worked on the algorithms, the project was ready to be launched.

CouponDunia expands its scope, forays into cashback

Launched in 2010, CouponDunia lists coupons and offers on its site for e-commerce websites in India that can be availed to save on a purchase.

Five cockroach start-ups from GHV Accelerator chosen for Nasscom's Innotrek 2016 program

A cockroach startup is one that is very resourceful and like a cockroach, well, hard to kill.

Moody's upbeat on IT sector; sees annual revenue growth at 11-13 percent

The study report on IT services India: Market share gains despite headwinds also expects the industry to maintain its market share, with Ebitda (operating) margin at 21-22 percent.

Polevaulting MNCs: Baba Ramdev's Patanjali targets ambitious Rs 10,000 crore turnover this fiscal

The company will be investing Rs.1,000 crore this year in setting up five to six new processing units of its various products in different states.

Fashion app Roposo closes Series B round of $5 million from Bertelsmann India

Roposo plans to leverage the funds raised for strengthening its technology backbone, expanding its team, bolstering the product and enhancing the company's community.

Virat Kohli launches FanBox with Moto G Turbo smartphone for cricket lovers

PrivyPlex has partnered Virat Kohli to launch a 'fanbox' that will include a Moto G Turbo smartphone and a one-year subscription to Virat's exclusive fan club, aimed at the cricketer's fans and followers.

Deep discounts not a viable business model for start-ups, says Raghuram Rajan

Many of the start-ups depend on capital injections from venture capital funds and some have also closed down.

My dad supported my dream of a comic magazine, says Jatin Varma of Comic Con India

I will always remain the person who started Comic Con in India, says founder Jatin Varma.

PepperTap shuts grocery delivery ops, to focus on expanding logistics biz

The decision to shut operations will result in about 150 job losses.

Ola's latest offering Micro bulks up overall bookings for cab aggreggator

Ola Micro service was launched in seven cities a few weeks ago. It has now been extended to 17 cities and plans are underway to go beyond 42 cities tomorrow.

Twitter Seva: Experts say effective implementation crucial for its success

There would be a lot of trolling and misuse just like it happens with online platforms and the government should learn to curb the negative factors and focus on nurturing the group of people who are really interested and who need help.

Fashalot, fashion and store discovery mobile app, gets pre-Series A funding from YourNest

Using mobiles, Fashalot connects shoppers to brick and mortar retail stores in their neighborhood.