IIT Madras | Pixr8 News

29May By Gauri SinghNo Comments

FUNDING

IIT-Madras Launches a Startup to Assist other Startups in Early-Age Funding

The Indian Institute of Technology-Madras (IIT-Madras) has come up with a startup established with a motive to help other startups in early-stage to inflate their success through Machine Learning and Data Sciences tools and techniques. The institute has named the startup as YNOS Venture Engine CC Private Limited. The founder of the venture is Prof Thillai Rajan who belongs to the department of management studies and has been researching the Indian venture capital industry nearly for a decade. The professor has a stupendous awareness of funding issues at start-ups and therefore he decided to come forth with such a venture. The words of Prof Thillai Rajan in this regard were, “Information and decision making analytics are not easily accessible for early-stage entrepreneurs. Sell-side int...

Mithun Sundar Joins Myntra to Grow Company

Mithun Sundar, former PepsiCo Senior Director will now be taking over Myntra’s Naresh Krishnaswamy position as Chief Revenue Officer and assist Myntra in its journey in growing its operations and the business as well. Mithun will be heavily relied on in proposing and implementing strategies in the firm’s near and long-term future. Mithun, graduated his Bachelor Degree in Engineering at the IIT, Madras and his MBA at the Northwestern University – Kellogg School of Management. He was previously working for PepsiCo, where he operated as Senior Directo of Strategy for two and a half years is hugely praised for his role in driving sales, marketing and strategy for the leading international brand. Additionally, prior to joining PepsiCo, Mithun Sundar operated as Associate Partner for McKinsey...

IIT Madras Incubated Startup InnoNano Research raises $18 million Funding

In first of its kind, Indian Institute of Technology Madras incubated a clean water technology company InnoNano Research finalized an agreement with US-based energy and water investment firm NanoHoldings for an $18 million investment. The company makes affordable clean drinking water reach very nook and corner of the country, especially areas that are affected by heavy metals. The Indian start-up firm will be holding majority of stakes in the joint global venture. The $18 million will be spent over a period of next five years, out of which $5 million will be spent on developing new technologies in the area of water purification - said Thalappil Pradeep, who is heading a research group at IIT Madras and co-founder of InnoNano Research. “We have already got $3.25 million of which $1.2 m...