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65 Crore Spent Over UP Investors Summit 2018

23Feb By NitishNo Comments

INDIA

65 Crore Spent Over UP Investors Summit 2018

Uttar Pradesh government spent 65 crore capital for the 2-day Investors Summit-2018, which concluded yesterday. The official of government said that It was the biggest summit held in the state adding that 22 chartered planes and more that 300 rooms in over 12 luxury hotels were booked besides construction of roads, putting up of hoardings and illuminating the entire city. The two day investment summit witnessed the signing of 1,045 MOUs worth over Rs 4.28 lakh crores. Besides, investors present showed interest in making additional investment worth Rs 4 lakh crore. UP Chief Minister Yogi Adityanath said, "In the two-day summit, representatives from 10 countries, more than 6,000 participants, above 110 companies participated. As many as 32 parallel sessions took place in the summit"...

9Feb By Sabhyata AgarwalNo Comments

FUNDING

Fitness Platform Healthifyme raises $12 Million in Series B Funding

Healthifyme, an Indian digital weight loss platform has announced its $12 Million Series B funding round by Sistema Asia Fund, with the venture also becoming the member of company's board. Healthifyme that claims to have 4 million users also had Silicon Valley-based Samsung Next, Singapore’s Atlas Asset Management, and Japan’s Dream Incubator as investors in the funding round. Previously in May 2016, it raised $6 million in Series A funding from IDG Ventures India, Inventus Capital and Blume Ventures. In 2015, the company raised an undisclosed amount in Series A funding from independent links. The recent Series Funding B transaction is believed to be the outcome of advise by RainMaker Group in October 2017. The Bengaluru based startup was found in 2012 by Tushar Vashisht, Math...

Meaningful Exit Strategy for Startup Founders and Investors

29Jan By RishabhNo Comments

BLOGS

Meaningful Exit Strategy for Startup Founders and Investors

The startup industry is not doing it for the money, but money is one of the most talked about thing in the startup world. Money flows in the system at a greater pace and in considerable numbers. The scenario is pretty much clear for VCs, how they plan on making money by funding the startup at a nascent stage. For the founders, who are starting up or have already started up, its important for them to know how can they get most out from their startups. The optimal financial strategy for founders is to start bootstrap, raise seed funding, grow their venture and take exit. But at what stage should a founder plan his/her exit from the startup for better personal financial returns, is something we're often confused at! A lay man would say bigger the number, better the returns, well actu...

Ratan Tata Backed Artificial Intelligence Startup Tied Up With Federal Bank

23Jan By RishabhNo Comments

BUSINESS

Ratan Tata Backed Artificial Intelligence Startup Tied Up With Federal Bank

Indian industrialist tycoon Ratan Tata backed Niki.ai has tied up with Kerala-headquartered Federal Bank to launch a virtual assistant in Federal Bank's smartphone application, a financial daily reported. Federal Bank confirmed saying that the chatbot will be helping customers to access m-commerce services right within the app, VCCircle reported. With this integration, the customers can simply perform operations by writing it in the virtual assistant's chat box like top-up their numbers, book movie tickets and pay their bills. The bills will automatically be charged on the user's account. “For payments, the customer need not get redirected to any other platform or take the hassle of loading their digital wallets, the debit happens directly from the federal bank account and the pay...

FinTech Start-up EarlySalary Raises Rs. 100 Crores

4Jan By AnkitaNo Comments

FUNDING

FinTech Start-up EarlySalary Raises Rs. 100 Crores

EarlySalary, India’s first FinTech startup to offer Salary Advances and Instant Cash Loans, has announced its Series B funding of Rs. 100 Crores led by Eight Roads Ventures India. Existing investors IDG Ventures India, Dewan Housing Finance Corp. Ltd. (DHFL) and seed investor Mr. Ashok Agarwal also participated in the round. The company will be deploying these funds to accelerate its growth plans and target 100,000 loan disbursements per month by the end of 2018. The venture has disrupted the way young Indians are borrowing, replacing borrowing from friends, family and employers with borrowing real-time through a Mobile App from the comfort and convenience of their homes, and seeing money credited to their bank accounts instantly. The company has, for the first time, provided access to ...

India’s First Electric Car That Will Run 200 km On a Single Charge

4Jan By AdityaNo Comments

Story

India’s First Electric Car That Will Run 200 km On a Single Charge

Hriman Motors LLP, a Delhi-headquartered startup, is working on building a serious 2 Seater electric car with a battery that will never need to be replaced. The RT90 will offer a 4G Connected IoT platform, with 200 kms max travel range per charge. A single charge will take about 10 mins on a fast DC Charger and 1-2 hours on an AC Charger. Currently, the test horse is undergoing road trials and expect to see the car by mid of 2018. You may buy it and drive it at 50 paise per km or choose a Total Cost of Ownership model where you can expect getting an electric car in your home by paying just 6 to 8 rupees per km and no other hidden cost and zero down payment. People with good credit will be able to walk in a dealership swipe their credit card for 600 rupees and drive out with the IoT e...

Mahindra Group Invested 1.5 Crore in Finland Startup

22Dec By NitishNo Comments

FUNDING

Mahindra Group Invested 1.5 Crore in Finland Startup

Mahindra group today said it will invest 2,00,000 euro (about Rs 1.51 crore) in a Finnish start-up, Medixine, as it taps into the start-up eco-system of the Nordic country for future innovation programme. The group had conducted Avatar Hunt, a search for the next big idea in Finland. This conveys what the conference was about. Finland, with its vibrant startup ecosystem & innovation capabilities is an important enabler of Mahindra FUTURise, Mahindra’s leap into the future. And Congratulations to MediXine, winners of our Avatar Hunt. https://t.co/IjvwdphcYV— anand mahindra (@anandmahindra) December 21, 2017 From that seven entrepreneurs from a variety of industries, including education, healthcare, analytics, finance, IoT and mobility, were shortlisted. "Mahindr...

Why Is Foosball Table Killing Your Startup?

17Dec By No Comments

BLOGS

Why Is Foosball Table Killing Your Startup?

Start-ups are well known in the world however, if you want to generalize, what are they precisely? We can describe them as small organizations which have just starting their journey. Most of them don't have their own particular investment, however they are financed by a people who have. Due to that, we can often see a start-up without a genuine item, which means it is only beginning to develop. The main issue with start-ups is that they need to start from the scratch. They have made a study, they have tried the market and they trust that their product or service has its place under the sun. The only word we have to focus in the last sentence is "trust”. It is the most important feeling in every person connected to the start-up. Looking for the best people for the job At the ...

28Nov By PriyankaNo Comments

FUNDING

Lifestyle Brand Chumbak Raises Fresh Funding

Lifestyle brand Chumbak Design Private Ltd has raised around $13 million in a fresh round of funding led by mid-market private equity firm Gaja Capital, as per the reports by a financial daily. The round also saw participation from its existing investors Matrix Partners India and Seedfund who invested a sum of Rs 22 crore and Rs 6 crore respectively, with Gaja Capital investing Rs 52 crore alone. Besides the institutional investors, Narayan Ramachandran, operating partner at Gaja Capital, also invested in his personal capacity, the report added. This round will take the total funding raised by the company to $24 millions, in both equity and debt. Founded by husband-wife Vivek Prabhakar and Shubhra Chadda, Chumbak aims at top 5-6 metro cities and will showcase its products through ...

HomeLane Acquires Online Furniture Marketplace Capricoast For $13.8M

20Nov By AnkitaNo Comments

ACQUISITION

HomeLane Acquires Online Furniture Marketplace Capricoast For $13.8M

Bangalore based online furniture and home furnishing startup HomeLane has recently acquired modular home furniture marketplace Capricoast for $13.8 million. This acquisition will grant HomeLane to leverage tech stack of Capricoast to provide customers a more streamlined and better home designing experience. As part of the acquisition deal, the entire team of Capricoast comprising of 120 members will become part of HomeLane while its founder and CEO Jawad Ayaz will be joining the board of directors. Talking about the move, HomeLane co-founder and CEO Srikanth Iyer said, “This is a coming together of two big players in home design with complementary strengths and expertise. The Capricoast team brings with them a powerful technology back-end that will further strengthen our product offeri...

6Nov By PriyankaNo Comments

FUNDING

Fintech Startup Kissht Raises Funding From China’s Fosun International

China based Fosun International has led a $10 million round of funding in Mumbai-based Kissht, an online lending startup owned by OnEMi Technology Solutions Pvt Ltd. The round, which was closed last week also saw participation from Kissht's existing backers, early-stage venture capital firms, Ventureast and Endiya Partners, according to the sources cited by Economic Times. The fresh equity funds will be used to expand its geographic presence, across India, fortify its data science capabilities and build its engineering and analytics team quoted source. The company plans to get "deeper" in tier II and tier III cities of the country. Also Read Indian Paper Packaging Segment Can Get A Lot From Ecommerce App Developer Access To iPhone X Face Data Spooks Some Privacy E...

Why Starting Your Startup Now Is The Best Idea

5Nov By No Comments

INSPIRATIONAL

Why Starting Your Startup Now Is The Best Idea

Startup? Funding? Incubation? Mentoring? If these terms excite you, then it’s about time you give starting your own venture a serious thought. The journey isn’t a walk in the park, but if you have faith in yourself and your idea, it will all be worth it in the end. Starting-up today ain’t as hard as it was couple of decades ago and that’s exactly what this article is all about. Having an awesome business idea is one thing, but knowing how to correctly file taxes, or understanding the difference between LLP and a Sole proprietorship, or getting a hold on social media and offline marketing can quickly become overwhelming. There are number of several factors that an entrepreneur needs to look into, before taking the plunge. Here are a couple of them: Importance of Funding for a startup: ...