RentoMojo, an online rental solution startup has raised funds of $5 million in a first strategic round (Series A) from IDG Ventures and Accel Partners. Since its inception in November 2014, the Bengaluru headquartered company has expanded to three more cities – Delhi, Mumbai and Pune. The funds raised will be used to further strengthen […]
Microsoft Accelerator in India and TCS Co-Innovation Network have announced a joint initiative to create a platform that provides a boost to the Indian startup ecosystem. Under the collaboration, an open innovation framework will be created to mentor and engage with startups to bring their innovative solutions to market. The announcement was made at Think […]
Nagraj Kashyap, the Corporate VP of Microsoft Ventures announced a new early-stage investment group of Microsoft called Microsoft Venture. The entity will look after investment in early age startups. In his blog, Nagraj mentioned, The Microsoft Venture name was assumed from an existing team within our Developer Evangelism team. That team has now been rebranded […]
Tech giant Apple on Wednesday announced a new initiative to support engineering talent and accelerate growth in India’s iOS developer community. Apple CEO Tim Cook, who landed in India late on Tuesday said the company would establish a Design and Development Accelerator in Bengaluru, the home of India’s startup scene. Tens of thousands of developers […]
BENGALURU: Ninjacart a Bengaluru-based online platform has raised Rs 20 crore in a funding round led by Accel Partners. The Funding round also saw participation from Qualcomm Ventures, Singapore-based M&S Partners and ZopSmart, the parent of online grocer ZopNow.that connects farmers and brands to retailers, has raised Rs 20 crore in a funding round led by Accel […]
“To reduce India’s humungous fuel import dependency, as well as to tackle the menace of vehicular pollution in our cities, the government needs to galvanize the eco-system for E-vehicles in the country. The Union budget 2016-17 can be an ideal exercise in this direction and built upon the momentum over the previous budget”, said Sohinder […]
Japanese telecom and media group SoftBank will “seriously” accelerate its investments in India, Chief Executive Masayoshi Son told a start-up conference in New Delhi on Saturday. Softbank had previously said it would invest $10 billion in India over 10 years. “The time has come that the Indian economy will be big enough going forward. Mobile […]
Accel Partners has sold a fractional stake in Flipkart to Qatar Investment Authority for $100 million (about Rs 650 crore), in a deal that values India’s biggest online marketplace at $15 billion, according to two people aware of the transaction. Accel, the first venture investor in Flipkart, remains the second-largest shareholder in the e-commerce company […]
The San Francisco and Bangalore-based CureJoy, an online community that allows its users to seek genuine and reliable information on Alternative and Natural healthcare from the experts has recently raised $1.15M series A led by Accel Partners, India along with Venk Krishnan, the founder of Nuware Technologies, and Larry Braitman, the founder of Flycast and […]
There are over 500 startup accelerators in the US and over 1000 worldwide. Most accelerators are aligned with Universities (at over 35%), some are government funded (local government mostly) at 29% and some (15%) get grants from rich individuals and institutions such as Kauffman Fund. The remainder (21%) are privately funded accelerators such as 500 […]
For the first time, Sequoia Capital and Accel Partners, leading VC firms have been seen to invest together. The VC firms have reportedly invested $ 8 million (Rs 51.2 crore) in WizRocket, a user engagement and mobile analytics platform, based in Mumbai.
Axilor Ventures today announced that Kris Gopalakrishnan will be taking over as its Non-Executive Chairman. Kris Gopalakrishnan, co-founder of Infosys and its former Vice-Chairman, is recognized as a global business and technology leader. Kris was selected to Thinkers 50, an elite list of global business thinkers, for the year 2009. A Padma Bhushan awardee, he […]