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IIT Bombay incubated Startup Raises 2 Crore

6Apr By AdityaNo Comments

FUNDING

IIT Bombay incubated Startup Raises 2 Crore

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 R&D to address healthcare and security markets," 1Crowd co-founder Anil Gudibande said in a statement. It had previously raised an undisclosed amount from a group of angel investors.

Easytenants: An Entrepreneur’s Personal Experience as a Single Tenant in India Turned into an Amazing Business Idea

12Sep By Saumya SunderNo Comments

Story

Easytenants: An Entrepreneur’s Personal Experience as a Single Tenant in India Turned into an Amazing Business Idea

Single and Still in Trouble!! Back in 2011, Parikshit Agarwal felt awesome as he packed his bags for Hyderabad to work with Microsoft as their campus hire. Being an IIT Bombay Alumnus, his reputation was something that surpassed an introduction. All of that lay behind him as he went house hunting in the city. Parikshit wanted a great place to stay, however, he discovered that most housing societies did not allow him to stay as he was a bachelor and brokers showed him flats that were either too far or not up to his liking. He thought to himself, “I should work on a business idea that enables single people to find better places to stay”. For the next three years, he got engrossed in his work, with his idea lingering in his mind. After having researched on his business idea for 4 years by m...

After IIT Bombay Ban, Job Seekers Turn Cautious Against Startups Offers

4Sep By Press Trust of IndiaNo Comments

ANALYSIS

After IIT Bombay Ban, Job Seekers Turn Cautious Against Startups Offers

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 as they will weigh the substantial risk they need to take while making such career moves as they consider their long-term professional goals," hiring consultancy Michael Pages Director Ankit Agarwala said. Recently, IIT Bombay had blacklisted nine startups for one year as a penalty for various violations, including revoking offers to some graduates. Startups are generally hiring cautiously and focusing main...

IIT Bombay Incubated Lucideus Tech Raises Funds From Angel Investor

1Sep By NitishNo Comments

FUNDING

IIT Bombay Incubated Lucideus Tech Raises Funds From Angel Investor

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. "Typically, our angel investors have invested in the range of about USD 50,000-100,000 individually," Lucideus co-founder and CEO Saket Modi said without disclosing the size of the latest round of funding. Lucideus will use the funds for expanding its team and business operations. "The funding has also to do more with the mentorship that our angel investors provide. We have st...

Team From IIT Bombay Developed eNose For The Detection of Explosives

7Mar By AnkitaNo Comments

Story

Team From IIT Bombay Developed eNose For The Detection of Explosives

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 that it is very low price. V ramgopal rao who is leading the team and is professor of electrical engineering at IIT Bombay said that “The eNose is a nano tech-based electro-mechanical device with specific coatings on its surface.There are minute cantilevers on the surface, its total length equivalent to the decimetre of a strand of human hair. These cantilevers act as sensors and the nano-molecules present in the cantilevers bind to the vapours of explosives, thereby detecting the pre...

Uber co-founder Travis Kalanick to offer start-up tips at IIT-B on January 19

12Jan By Press Trust of IndiaNo Comments

News

Uber co-founder Travis Kalanick to offer start-up tips at IIT-B on January 19

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 be sharing the stage with over 40 CEOs and founders of start-ups, including SoftBank's Masayoshi Son, at IIT-B, one of the country's premier centres for start-up incubation. Kalanick will be addressing the students on January 19. Uber is also partnering with 'Invest India', an initiative under the Department of Industrial Policy and Promotion, and has already launched 'UberExchnage', a start-up mentorship programme. The five-year-old US taxi aggregator, which is valued at...