Nanosniff Technologies, an IIT Bombay incubated company, has raised Rs 2 crore (about USD 300,000) from 1Crowd and its investor community. Nanosniff is a deep technology company working on high impact offerings in MEMS domain with applications in healthcare and security markets. “Nanosniff is an exemplary case where genuine IP has been created from robust […]
Job seekers have become more cautious while considering offers from startups as it presents substantial risk to their long-term goals, according to experts. “With the premier tech school IIT Bombay blacklisting nine startups, job seekers have become more cautious before accepting offers from them. “There could be more job seekers declining offers from these companies […]
Cyber security service provider Lucideus Tech has received angel funding from Amit Choudhary, director of Motilal Oswal Private Equity Advisors. The start-up, which was incubated by IIT-Bombay, has previously received funding from Anand Chandrasekaran (former Snapdeal chief product officer) and Flipkart chief financial officer Sanjay Baweja. It helps enterprises assess risks to their IT infrastructure. […]
Recently a group of 15 students and four faculty members of IIT Bombay has developed an electronic device for the detection of explosives like RDX and ENT, which is named as Enose. it can be used best for the security purpose at public places like airport, railway stations and the best thing about it is […]
Atomberg Technologies, a Mumbai based fan manufacturing startup launched by IIT-Bombay alumni, has created an innovative and highly energy efficient fan called “Gorilla Fans”. Gorilla Fans are based on the state-of-the-art Brushless DC technology that is more energy efficient than even the five-star ceiling fans available in the market. The Gorilla Fans consume just 28 […]
Uber co-founder and CEO Travis Kalanick will be in Mumbai next week to address students of IIT-Bombay and share his own success story. Kalanick, on his maiden trip to India, is among other top executives who will be in town to take part in the government’s Start-up India event scheduled for January 16. He will […]
Anil Ambani led Reliance group backed Square Yards has acquired Mumbai-based rental platform Azuro.
A do-it-yourself (DIY) app maker platform forBinary based in Mumbai has raised seed funding from JRS Investments and other angel investors. The amount raised by the company in this funding round has however not been disclosed. According to Shrey Singh, co-founder of forBinary, the company will be using these funds to accelerate its growth and […]
TheCollegeFever (TCF), a college event ticket booking startup raised a seed funding worth $250,000 (Rs 1.7 crore) from Mumbai-based investment firm 11.2 Advisors. It is the first time that TheCollegeFever is raising funds from external resources and intends on using the capital for customer acquisition and improving technology, its founder Kushal Aralihalli said. The Bengaluru-based […]
All the funding articles starting 2nd April to 9th April compiled in one. This week’s edition contains 14 startups which raised a combined amount of approximately $ 460.35 Million. The highest funding of the week was recorded by PayTM Mall. To get additional details about the funding of a particular company, click on its hyperlink. […]
The Government has decided to extend tax benefits of 88 startups out of 8,765 that have been recognized by the Department of Industrial Policy and Promotion as reported by a top official today. Prime Minister, Narendra Modi had introduced a spectrum of incentives on January 2016 to encourage startup growth in the country which included […]
Drona Aviation, a Nano drones company received Rs 64 Lakhs from Globevestor, existing investor SINE IIT Bombay and additional investors. Drona Aviation Private Limited prepared 865 preference shares worth Rs 100 each and a premium of Rs 7377 per share. Previously, SINE IIT Bombay invested Rs 10 lakhs in the startup. Drona Aviation was founded […]