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29Feb By AnkitaNo Comments

INDIA

Stand Up India Scheme Allocates Rs.500 Crore For SC ST and Women

New Delhi, Feb.29: Sharing his nine pillars for what he called a transformational budget for fiscal 2016-17, Finance Minister Arun Jaitley on Monday announced that under the Stand-Up India scheme, a sum of Rs.500 crores has been allocated to people belonging to the Scheduled Castes and Scheduled Tribes (SC and ST) and women entrepreneurs. The Startup India campaign is based on an action plan aimed at promoting bank financing for start-up ventures to boost entrepreneurship and encourage start-ups with jobs creation. The campaign was first announced by Prime Minister Narendra Modi in this year's August 15 Independence Day address to the nation. The campaign is focused on restricting the role of states in the policy domain and to get rid of the so-called "license raj", besides other ...

Aquapurum, a Bengaluru Based startup Showcased Innovative Way To Treat Water

29Feb By AnkitaNo Comments

Story

Aquapurum, a Bengaluru Based startup Showcased Innovative Way To Treat Water

Aquapurum, a Bengaluru-based startup in collaboration with UK's Hydro Industries on Monday launched an innovative water treatment technology at an event organized in Delhi. Based on proven electro coagulation technology, Aquapurum's solutions are able to convert borewell or surface water into potable water in a matter of minutes. The event was attended by several senior officials from government, estate managers and experts working in the field of water treatment and regeneration. Speaking at the launch event, St. John Gould, India Director, UK Trade and Investment (UKTI) said," We are delighted to bring the best of British technology and innovation to India through this partnership. At UKTI, we are always exploring opportunities for collaboration between UK and India that can ben...

With 23 Portfolio Companies across 6 Sectors, Unitus Touches 655,000+ Lives across 22 States of India

25Feb By NitishNo Comments

ANALYSIS

With 23 Portfolio Companies across 6 Sectors, Unitus Touches 655,000+ Lives across 22 States of India

25 February 2016, Bangalore: Unitus Seed Fund, India’s leading seed-stage impact investor, released its annual fund and portfolio impact report. Since 2013, the fund has made a total of 23 investments across sectors including Education, Healthcare, Financial Technology, Agriculture, Retail and Ecommerce, Mobile and Consumer. Their new impact report shows doubling of the total portfolio reach, touching more than 6.5 lac low-income lives across 22 states in India. According to the Global Impact Investing Network, the market for impact capital is currently $60B and is expected to reach $2 trillion over the next 10 years. In India, there has been a shift of mindset from pure not-for-profit enterprises to establishing sustainable and scalable market-based models to tackle low-income popul...

Ola To Create Entrepreneurship Opportunities in UP, Signs MoU Govt

24Feb By AdityaNo Comments

News

Ola To Create Entrepreneurship Opportunities in UP, Signs MoU Govt

Mobile app for transportation, Ola has signed a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh in order to generate entrepreneurship opportunities along with skill development for 50,000 men and women across the next five years. Ola will also work with the state government to introduce innovative and customised mobility solutions like Ola Auto, Ola Share and Ola Shuttle across the state in the coming months. By bringing more transportation solutions onto its app using technology, Ola is looking to serve citizens across Uttar Pradesh, giving them instant access to reliable and convenient mobility. "The state of Uttar Pradesh is growing as an economic centre for the country faster than ever before. The compounded annual growth rate of UP in the last three years ha...

SimplyFest, Celebrating The Entrepreneur In You!

24Feb By Sonia MotwaniNo Comments

News

SimplyFest, Celebrating The Entrepreneur In You!

It was a weekend with inspiring talks at Zorba Delhi. Talks led by successful entrepreneurs who’ve built their own companies from scratch. Students, to be entrepreneurs, investors; anyone in the business of learning about, or starting a new venture were present at the beautiful lawns on 20th Feb. The list of storytellers across these two days represents some of India’s most sought-after enterprises with collaborators across venture capitalists, incubators, knowledge institutions, social platforms, business groups, business dailies and technology companies. The event was organized by SimplyHR, India’s leading HR consultancies based out Delhi. “With SimplyFest, we want to help pass on their wisdom to the next wave of innovators who have the potential to start the hottest startups of tomorro...

This Healthcare Start-up Completed 30,000 Registrations in Three Months

23Feb By AnkitaNo Comments

Story

This Healthcare Start-up Completed 30,000 Registrations in Three Months

Recently launched professional networking platform for accredited medical practitioners, eMediNexus has completed 30,000 registrations in a nominal period of three months. With the promise of providing the latest developments in medicine as well as helping doctors regularly update their knowledge, eMediNexus reaches over 2 lakh doctors on a daily basis through its e-newspaper eMediNews. Working at the intersection of clinical learning, networking, and advocacy needs of the medical profession, this platform has within a very short period of time established itself as a consolidated voice of doctors in India. In fact, it has seen great success in digital advocacy having had successfully run the IMA Satyagraha campaign with the Indian Medical Association aimed at garnering support of...

Google Acquired Singapore Startup Pie, Looking to Build Engineering Team

20Feb By AnkitaNo Comments

FUNDING

Google Acquired Singapore Startup Pie, Looking to Build Engineering Team

Google has acquired Singapore-based startup Pie.co, a slack like chat platform. The move behind this acquisition is to bring good engineers from Asia-pacific into Google. In its blog Google said, According to the UN, 300 million people came online for the first time last year. Put another way, in 2015, there were more people using the Internet for the first time than there were Americans using the Internet already. But the computing experience for most of these first-timers, coming online in places like India, Indonesia and the Philippines, is very different from the one many of us grew up with – and not the one that most of Google’s services were originally designed for. Their main (and in most cases, only) “computer” is a low-cost smartphone. Connectivity is expensive in relatio...

130 Start-ups in India to Raise $700 Million in a Year and Create 5,000 Jobs

20Feb By Press Trust of IndiaNo Comments

ANALYSIS

130 Start-ups in India to Raise $700 Million in a Year and Create 5,000 Jobs

Start-up companies in India are expected to raise $700 million and create 5,000 jobs in next 12 months, as per India Startup Outlook Report 2016 by InnoVen Capital. "About 130 companies are expected to raise $700 million in the next 12 months," said the report. InnoVen Capital India has provided over 100 loans to 70 companies across early to mid-growth stage that include Snapdeal, Freecharge, Myntra, Practo, Portea, PepperTap, Byju's, Faasos, Capillary Technologies and Manthan Systems. As per the report, an industry-wise analysis revealed that irrespective of funding stage, consumer internet and e-commerce are the most popular segments and from a hiring perspective, 97% start-ups felt they were likely to hire new employees where on an average 28% would be on the technology front. ...

Building a Startup in 45 Minutes Per Day While Deployed to Iraq

18Feb By No Comments

Story

Building a Startup in 45 Minutes Per Day While Deployed to Iraq

You may one day find yourself in a position where you’re eager to work on a startup but limited by the amount of time you can put into it due to a day job, family or other obligations. In this post, I would like to share with you all the story behind Lean Domain Search, a domain name generator that I built in about 45 minutes per day during a 5-month deployment to the Middle East. If you’re struggling to find time to put into your startup, I hope this convinces you that you can accomplish a lot over time by putting a small amount of work into it each day. In the summer of 2011, I was a 26-year-old freshly pinned on the captain in the Air Force serving as a project manager at Hanscom Air Force Base in Massachusetts. I was 4 years into my 5-year service Academy commitment which meant that...

13Feb By No Comments

Story

A Meeting With Mr. Ratan Tata

My favorite story about Ratan Tata has to be the one where the Tatas bought Jaguar from Ford in 2008, and how as a Tata company, it became profitable once more. I think what converted it from a loss-making to profitable company was not just the TATA presence, but Mr. Ratan Tata’s ability to address its fundamental issue – he asked Jaguar what the problem was, found that they knew what needed to be fixed, and allowed them to fix it. An approach that has been the benchmark of the 90+ companies that make the TATA conglomerate. In the last week of December ‘15, Rohan, the Teabox Head of Inbound Marketing, and I found ourselves in Mumbai with an appointment to meet Mr. Ratan Tata himself. Needless to say, I was nervous. He’s a man I admire, as an industry leader and as a person, and it’s not e...

First Indian Unicorn Startup is Going to Be Profitable in 2016

8Feb By reutersNo Comments

News

First Indian Unicorn Startup is Going to Be Profitable in 2016

Indian restaurant search and food delivery service Zomato, one of only a handful of Indian start-ups to succeed abroad, said on Monday. It had broken even in key markets including India and is on track to make a profit as early as June next year. The result comes as Zomato seeks $200 million in funding, a source close to the group said, in an increasingly tough environment for start-ups. Zomato, which makes money through advertising and its delivery service, said it had hit operational break-even in India, the UAE, Indonesia and three other markets in the Middle East and Southeast Asia. Together, they account for the three-fourths of the company's revenue, co-founder and chief executive Deepinder Goyal told Reuters. "The fundamental model of our business is that in mature markets we...

Apple Acquired Education Technology Startup LearnSprout

29Jan By AnkitaNo Comments

ACQUISITION

Apple Acquired Education Technology Startup LearnSprout

Apple Inc announced that it has acquired an education technology startup called LearnSprout in a drive to expand it's initiative to make the iPad the future of education. LearnSprout, and their CEO Franklin Chien have been working diligently on creating a new type of educational software, which is already used in 2,500 school districts within the United States. The acquisition is possibly an important one for Apple Inc. (NASDAQ:AAPL), as they have already been pushing education tools for the iPad into school districts around the nation. As for the price that Apple paid, or just what their plans may be to integrate LearnSprout into their current educational framework, the company refused to say. “Apple buys smaller technology companies from time to time, and we generally do not discus...