Kris Gopalakrishnan | Pixr8 News

Kris Gopalakrishnan Funded Underwater Robot Startup!

26Feb By AdityaNo Comments

FUNDING

Kris Gopalakrishnan Funded Underwater Robot Startup!

Planys Technologies, a start-up incubated at IIT Madras Incubation Cell, and India’s first Original Equipment Manufacturer (OEM) of compact underwater robots (Remotely Operated Vehicles or ROVs) capable of performing underwater inspection, closed a INR 14 Crores round of Series A Funding. This round of funding was led by Oil and Natural Gas Corporation Limited (ONGC) Start-up Fund and Ranjan Pai’s MEMG Family Office. Kris Gopalakrishnan’s (Co-Founder, Infosys; Chairman, Axilor Ventures) Pratithi Trust, Keiretsu Forum (Chennai and Singapore) and other individuals also participated in the round. This funding round will help Planys expand its robotic fleet, fund product development and scale up its operations. Earlier, Planys also received a grant of Rs. 1.5 crores from BPCL Startup Fund ...

Challenge for Startups to Get Series C & Beyond Funding: Kris Gopalakrishnan

7Apr By Press Trust of IndiaNo Comments

Entrepreneurs Talk

Challenge for Startups to Get Series C & Beyond Funding: Kris Gopalakrishnan

Securing series C and beyond funding is a challenge for start-ups, Information Technology veteran Kris Gopalakrishnan said as he called for a simple, orderly and fast-track mechanism to shut failed businesses. The start-ups scenario in India is pretty good but when those firms go for series C and beyond funding, there are some challenges, the co-founder and former CEO of Infosys said. "But at the seed stage or series A (funding), there is still money available; good ideas will get funded and there are lot of opportunities for innovation and new startups in the area of financial services, healthcare, niche retail and deeper technologies, converting research into new products and new businesses," Gopalakrishnan told Pixr8 here. "So, there are significant opportunities still (to tap in t...

Keralas Startup Village Ranked India’s Best Incubator

23Jul By NitishNo Comments

News

Keralas Startup Village Ranked India’s Best Incubator

Startup Village, the countrys first public-private partnership business incubator, has been named Indias best startup incubator. Startup Village is ranked number one in a first-of-its- kind comprehensive ranking by the India edition of Entrepreneur Magazine of the 100 best startup incubators in India (25 across sectors and 75 sector specific), a release said here. Last week, Startup Village entered its second phase with Kerala Chief Minister Pinarayi Vijayan launching the online platform SV.CO that aims to provide a fully digital incubation framework to five million students in 3,500 engineering colleges across the country, it said. "SV.CO is the next big iteration of Startup Village, to give a world class student startup ecosystem to all 5 million engineering students India, ...

Almost 70% of Startups Globally Will Fail: Kris Gopalakrishnan

19Jul By NitishNo Comments

Entrepreneurs Talk

Almost 70% of Startups Globally Will Fail: Kris Gopalakrishnan

Infosys Co-Founder and former CII President Kris Gopalakrishnan today said almost seventy per cent of startups globally will fail and only five to ten per cent will become large and scale up. "Almost seventy per cent of startups will fail. About 20 per cent will survive but will not grow. They will remain small enterprises, and may be only five to ten per cent will become large and scale up - that is the spastics globally," he told reporters at the announcement of the 12th Innovation Summit 2016 here, of which he is the chairman. This should not, however, be treated as a concern or a challenge, but it is a part of natural process of evolution, he added. "The key is what are the learnings, and how do we continue to nurture this," he said. Asked who has made a mark globally ...

IFC Leads Rs. 400 cr Investment in Lenskart

5May By PriyankaNo Comments

FUNDING

IFC Leads Rs. 400 cr Investment in Lenskart

IFC, a member of the World Bank Group, is investing Rs. 171 Crores in Indian eyewear company Lenskart, to help the company expand access to high-quality and affordable eye-care products in tier-3, tier-4 cities. IFC was the lead investor for the Rs. 400 cr Series D investment round which also saw participation from TPG Growth, Adveq Management and IDG Ventures. In addition, Ratan Tata and Kris Gopalakrishnan (co-founder of Infosys) invested in their personal capacity as part of this round. Avendus Capital was the exclusive financial advisor to this transaction. Lenskart is into assembly, manufacturing, wholesale distribution and supply of high quality eyewear products, such as eyeglasses, power sunglasses and contact lenses. Company plans to utilize the funds for strengthening its te...