Indian team has made “substantial progress” and was in the “right direction” said an international panel of judges from the Google Lunar XPRIZE during visit of the Teamindus office today. TeamIndus is the only Indian team competing for the USD 30 million prize that requires privately funded teams to land their spacecraft on the surface of the moon, […]
The Indian government is considering exemptions sought by Apple Inc for setting up a unit to assemble iPhones, Ramesh Abhishek, the top bureaucrat in the Department of Industrial Policy and Promotion (DIPP), said on Thursday. The department is a part of India’s commerce and industry ministry. Apple has asked federal government officials for a range […]
Another Indian Unicorn saw $2 billion fund raising on Monday. Ola- India’s ride hailing company raises $2 billion from SoftBank Group Corp and Tencent Holdings Ltd, another high profile funding in this year after Flipkart which competes with Amazon. Although as per the Bloomberg’s report the amount is not fixed for now and can change in […]
Infosys founders are likely to sell some of their stake in the company’s under Rs 13,000-crore share buyback programme, the company said today. The promoters keenness to participate in the buyback comes within days of a silent coup by founders led by N R Narayana Murthy to seize control of Indias second-biggest software services firm. […]
Myntra co-founder Mukesh Bansal and former Flipkart executive Ankit Nagori’s health and fitness platform CureFit, has raised a fresh round of funding of $25 million from existing investors Accel Partners, Kalaari Capital, IDG Ventures and UC-RNT fund, a joint investment vehicle of the University of California and Ratan Tata’s RNT Associates. The new round expects to […]
Delhi based Rootefy, a Rootefy International Pvt Ltd, a construction materials marketplace, has raised seed funding from Abhinav Gupta, director at Gurgaon-based real estate firm BNB Group. Founded by Nitish Gupta and Manish Kishore in April last year, it has recently raised a funding of Rs 1.2 crore (around $187,285). It will use the funds for infrastructure […]
SoftBank-backed cab-hailing firm Ola (ANI Technologies Ltd) has raised over Rs231 crore from Tekne Private Ventures through issue of preference shares.
Startup is a risky business. ‘The million dollar idea’ alone won’t suffice. One has to have better understanding about the customer targeted, and how to reach out to them; followed by extensive planning and then finally, an eventual place for the launch of your product(s). It’s very important that one finds the right city according […]
Ahemdabad based digital lending company Lendingkart has raised $10 million (Rs 67 crore) debt funding from Kotak Mahindra Bank, Aditya Birla Financial Services, Tata Capital and a few others.
Nexus Venture Partners, an early investor in Snapdeal, has come out in support of the e- commerce firm’s decision to pursue “Snapdeal 2.0” instead of accepting rival Flipkart’s $900-950 million acquisition offer. Nexus Venture Partners is the second investor to come out in support of Snapdeal’s decision, after Kenneth Glass (an early investor in Snapdeal). […]
Snapdeal will seek views of its shareholders, including Ratan Tata and PremjiInvest, on the proposed USD 900-950 million buyout deal by Flipkart, a source said. The deal is almost through but there are a few areas of concern and the Board wants to seek views and comments from shareholders on the deal, two people aware […]
Printline Media Pvt Ltd., a venture founded by Shekhar Gupta, has recently announced the conclusion of its first round of funding with a stellar list of investors. N.R. Narayana Murthy, Ratan Tata, Nandan Nilekani, Uday Kotak Family, Kiran Mazumdar Shaw, Bangalore-based tech entrepreneur Rajiv C. Mody, Paytm founder Vijay Shekhar Sharma, Chairman, LVMH Asia Ravi […]