Sunday, June 23

Tag: IIM

College Event Ticketing Startup Raises $250,000 funding
FUNDING

College Event Ticketing Startup Raises $250,000 funding

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 company, which is run by Culturo Technology Pvt. Ltd, works in partnership with 2,000 colleges and has sold over 4 lakhs tickets in over 6,000 events amounting to Rs 10 crore, its Aralihalli added. Kushal Aralihalli founded the event ticket startup in 2016 and managed to double its growth since last year. TheCollegeFever operates in a market segment that makes it compete directly with giants BookMyS...
IIM-A raises 2-year PG program fees at Rs. 22 Lakhs
INDIA

IIM-A raises 2-year PG program fees at Rs. 22 Lakhs

The Indian Institute of Management, Ahemdabad (IIM-A) has reportedly raised the fees of its post graduate programme for year 2018-2010 from 21 lakh to Rs. 22 lakh, third time in a row. Mr. Erol D'souza, its chief director delivered the information at IIM-A's 53rd convocation that took place on 24, March, 2018 at Louis Khan Plaza, IIM-A Campus, Ahemdabad. While the last year fees hike involved a 7.7% increase from Rs.19.5 lakhs to Rs. 21 lakh, this year it has moved up to Rs. 22 lakhs. While addressing the media, Mr. D'souza said, The IIM-A Board met and decided to increase the fee structure.Just like every year, the fee will rise. In order to keep in line with the inflation, the fee rise will take place by 5 percent.For PGP( post graduate programs), the new fee will be Rs. 22 lakh a...
20000 Crore Alloted For R&D at IITs, IIMs and Other Higher Education
INDIA

20000 Crore Alloted For R&D at IITs, IIMs and Other Higher Education

In a bid to boost innovation at premier institutions, an agency will soon be set by the government to provide funds up to Rs 20,000 crore for building research-oriented infrastructure at IITs, IIMs and other centres of higher education. The HRD Ministrys proposal to this effect was cleared at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi today. Announcing the decision, HRD Minister Prakash Javadekar said a Higher Education Financing Agency (HEFA) would be jointly promoted by an identified promoter and his ministry with an authorised capital of Rs 2,000 crore of which government equity would be Rs 1,000 crore. The HEFA would be formed as a Special Project Vehicle (SPV) with a PSU Bank/Government-owned NBFC as promoter and it would leverage the equity to raise u...
Two IIM Graduates Take the Milkman Route to Solve the Challenges of $70 Billion Indian Dairy Industry
Story

Two IIM Graduates Take the Milkman Route to Solve the Challenges of $70 Billion Indian Dairy Industry

Country Delight was started by Chakradhar Gade and Nitin Kaushal, a couple of IIM graduates (IIM Indore batch of 2007) who left their bright corporate careers to solve a very basic but prevalent problem - artificial and adulterated milk. Country Delight promises natural, fresh and unadulterated milk directly to the doorstep of the consumer. Consumer ordering and servicing happen through a first-of-its-kind mobile application that completely takes away the hassle of managing one's milk requirements. On how and why they started this, Chakradhar Gade said, "We saw a clear problem to solve, a huge industry to tap into and a sustainable business model that we could scale using technology." As Indians, we love the idea of fresh milk daily. The idea of getting fresh milk is integral to o...
We Started Procmart On Excel Sheet, Made The Website and Received Funding From Dinesh Agarwal (Indiamart)
Story

We Started Procmart On Excel Sheet, Made The Website and Received Funding From Dinesh Agarwal (Indiamart)

ProcMart which (made from PROCurement Market) was envisioned on the foundation of making B2B transactions or procurement smoother, reliable, and most importantly faster. It was started by Anish Popli, Pratik Potnis and Saheel Joshi in Pune to solve the problem of procurement and sourcing. Their team is a group of diverse people who have come together to address this  issue of procurement and sourcing. Anish is an NIT Trichy graduate, and an IIM Lucknow alumnus. He worked for a couple of years in BHEL and Energo Engineering before starting up. Pratik on the other hand, is a computer science graduate and a serial entrepreneur. “I was with Cisco before starting my own venture Quexa systems. The venture was sold to a US-based company before beginning on ProcMart,” says Potnis.  Saheel was a...