• Target taps start-ups for technology to compete with Amazon, Walmart July 22, 2017 6:22 pm
    In order to offer a differentiated buying experience when compared to rivals Walmart and Amazon, US retail giant Target has built a product to allow customers to walk through a virtual house and pick any decor or furniture product they see in it.While several retailers have begun working on ways to help customers experience products such as furniture, which people want to touch and feel before making a purchase, virtually, Target's efforts in this were aided by a tiny company based in Bengaluru.House of Blue Beans, a 3D visualisation startup, that was part of Target India's accelerator programme, has now become an integral partner in helping the retail giant develop its Computer Generated Imaging (CGI) capabilities. For now customers can walk through virtual rooms on their desktops, but soon the tool will evolve to include Augmented Reality and Virtual Reality."We worked with them as a part of our cohort, we saw their potential, then they became our strategic partner and now we ...
  • From Cogknit to Light: 8 deep tech Indian start-ups to watch out for July 21, 2017 8:12 am
    Each of them has unique capabilities that are relevant to global retailers, reports Tech in Asia
  • Mohandas Pai sees business-to-business startups coming up in a big way July 20, 2017 11:22 am
    Running B2B is difficult, selling to business slower as they take time to adapt to new technologies
  • Oil India ties up with two start-ups to treat water wells in Assam July 18, 2017 12:34 pm
    As part of an IIT-Guwahati initiative, Oil India today signed agreements with two start-up firms
  • Paytm invests in mobile loyalty start-up MobiQuest Technologies July 18, 2017 12:22 pm
    It, however, did not disclose the details of the investment
  • Step-by-step guide to finding a co-founder for your start-up on Facebook July 17, 2017 9:52 am
    A well-written job description is the most important factor, reports Tech in Asia
  • Looking to fund your start-up? Here are 10 most active investors in India July 17, 2017 9:16 am
    Here's a rundown of the top 10 most active investors in India
  • Guvi sidelines English, trains coders in Tamil, Telugu and Marathi July 16, 2017 12:20 pm
    Firm's 67,000 members spend 80-100 hours learning coding, development in these languages
  • Twitter, Google, Apple acquire Indian startups for high-quality desi talent July 14, 2017 3:23 pm
    US technology giants such as Google, Facebook, Twitter and Apple are looking at acquiring Indian startups to shore up on high quality talent available in the country to help build new age products or services.The acquisition of these companies might not necessarily give these large firm access to any new technology or markets. Since 2014, Google, Facebook, Twitter and Apple have all made their first acquisitions in India. The trend was kicked off by Facebook, which acquired Bengaluru-based Little Eye Labs in January 2014, which built software tools for analysing the performance of Android apps, in what could be called in startup parlance as acqui-hire or buying companies for their talent.The five-member team including co-founders Giridhar Murthy, Lakshman Kakkirala and Aditya Kulkarni of Little Eye Labs moved to Facebook's headquarters in Menlo Park, where they continue to work as engineers working on products for the social network.Twitter made the next move, acquiring Pune-based ...
  • Speech recognition start-up Uniphore to set up R&D facility in US July 14, 2017 11:00 am
    Uniphore Software Sytems, a speech recognition solutions provider backed by Infosys co-founder Kris Gopalakrishnan and various venture capital firms, is planning to set up its research and development activities in US, in order to attract expertise from Silicon Valley. The company is planning to expand in Asian countries with its multiple language speech recognition solutions in next two to three years, said Umesh Sachdev, CEO and co-founder of Uniphore."We are planning to set up our office in US during this year. Over a period of time, it would also help us to gain expertise from Silicon Valley," he said. The company has its R&D activities in Chennai and Bengaluru at present.Commenting on the expansion plans, he said that the company is looking at expanding its operations to some of the Asian countries in near future. It currently has its operationsin India, Singapore and UAE. Sachdev added that the focus will remain to be in Indian market.In terms of opportunity for expansion, ..
  • Sourav Ganguly invests in online video platform Flickstree July 11, 2017 2:39 pm
    Former Indian cricket captain Sourav Ganguly has made his first startup investment in video aggregator Flickstree.The company has raised Rs. 3 crore from Venture Catalyst, Aditya Group (Kolkata) and Moksh sports apart from Ganguly. Ganguly will be promoting the company apart from being a key stakeholder. "To invest in startups is something new. Movies and cricket are popular across the country creating maximum controversy and entertainment for the audience and hopefully few years down the line we will see success in this venture, " he said.Several of Ganguly's former team mates have made investments in startups and also are promoting them. Sachin Tendulkar has backed IoT startup smartron, Yuvraj Singh has his fund YouWeCan Ventures Technology, through which he has invested in a half a dozen startups including wellness platform Vyomo, online education startup Edukart and marketplace for helicopters and airplanes JetsetGo. Mahendra Singh Dhoni and Virat Kohli have investments in ...
  • Gridlock Hackathon to reduce Bengaluru's traffic July 9, 2017 8:44 pm
    May coordinate traffic better than traffic policeman who relies on his eyes, radio feed to decide
  • Karnataka's 'Startup coast' to get incubators, tinkering labs in 2 years July 9, 2017 10:16 am
    Started in Mangalore, the project is now being expanded to North Karnataka
  • Team Indus plans to build 'customised' satellites for global firms July 8, 2017 4:51 pm
    Bengaluru-based start-up has become first Indian company to design a satellite bus
  • Have you royally ruined up your start-up? Here are lessons to learn July 7, 2017 9:51 am
    Never ever think that you've nailed it
  • Auto e-commerce start-up Droom raises $20 mn, eyes Nasdaq listing in 2 yrs July 5, 2017 1:46 pm
    Eyeing a Nasdaq listing in the next two years, online automobile e-commerce platform Droom has raised $20 million (Rs 130 crore) in a round led by Integrated Asset Management (IAM).This is the fifth round of funding which saw participation from all the existing institutional investors -- Lightbox, Beenos, Digital Garage and Beenext. The company has so far raised $65 million, including from the latest tranche of investment.The company plans to go for an IPO by middle of 2019 and has already started the process of being compliant to the Nasdaq requirements. "We are working towards becoming a listed company. We would be profitable by next year and after that we would be heading for an IPO. We have roped in one of the big four consultancies to do the feasibility study," said Sandeep Aggarwal, Droom founder and CEO.The present funding round would fuel its plans to strengthen the technology platform, tech-focussed acquisitions and strengthen Droom's brand portfolio. The company plans to ...
  • VC investments fall 25% in Q2 2017 making it worst quarter in past 3 yrs July 4, 2017 7:48 pm
    Activity level was 7% lower compared to the preceding quarter
  • Start-up boost: Karnataka to spend Rs 400 cr to 'elevate' 100 select firms July 4, 2017 12:23 pm
    The funds had been allotted under 'Elevate Programme', stated to be the first of its kind in the cou
  • Nilekani, VC Aggarwal float $100-mn tech fund to back mid-stage startups July 4, 2017 3:14 am
    'The Fundamentum Partnership' will look to lead investment rounds of $10 million to $25 million
  • Reliance Capital invest Rs 7 cr in ex-Infosys director's BillionLoans July 3, 2017 11:54 am
    Reliance Corporate Advisory Services Limited, a unit Reliance Capital has invested Rs 7 crore or $ 1 million in BillionLoans Financial Services, a firm founded by former Infosys board member V Balakrishnan. The financial technology (fintech) startup looks to make borrowing easy for small businesses and individuals by connecting borrowers to lenders via technology and data based credit analysis. The focus is to build a credible 360 degree credit profile of borrowers based on their banking history and social graph so as to minimise risk for lenders.Balakrishnan co-founded BillionLoans with Dr. Rangan Varadan, founder of micro lending platform MicroGraam. "We are integrating diverse data analytic techniques like psychometric analysis and big data, along with user experience focused design to make this happen. We will leverage MicroGraam's model of building a grassroots partner organization to connect borrowers and lenders," said Dr Varadan in a statement.Billionloans will initially ...
  • Reliance Capital arm invests $1 mn in digital lending start-up Billionloans July 3, 2017 9:47 am
    This is the second major startup investment, after Paytm, by Reliance Capital
  • ThoughtWorks' Bahmni helps small, low-cost hospitals improve patient care July 2, 2017 7:48 pm
    A home-grown open source software that can revolutionise treatment process in rural clinics
  • Ratan Tata-backed AI start-up Niki.ai raises $2 million June 28, 2017 7:10 pm
    Niki.ai was founded in April 2015 by four IIT Kharagpur alumni
  • Start-ups can now raise deposits from shareholders June 21, 2017 7:46 pm
    Easing the process of raising funds for start-ups, the ministry of corporate affairs has allowed these companies to raise deposits from their shareholders. This will be over and above the stake one holds in the start-up. Before the government amended the rules under the Companies Act to this effect, only limited liability partnerships could avail of this.The Companies Act recognises an entity as a start-up if its annual turnover for any of the financial years since incorporation is less than Rs 25 crore.The deposit could go up to stakeholders' contribution to the paid-up capital. Since deposits are loans, these would not impact shareholders' stake.The amendment to the rules is part of a recent efforts by the government to make life easier for start-ups. The ministry has also amended the rules on exemptions under the Companies Act, sparing start-ups from filing cash flow statements. These companies will only have to file profit-loss statements. The ministry has also brought down the ...
  • MaxWholesale raises $1 mn from IAN, Maple Capital Advisors June 21, 2017 4:51 pm
    The company will use the pre-series A funding to fuel growth and tech innovation, it added
  • Mswipe raises Rs 200 cr from Ratan Tata-backed investor and others June 21, 2017 12:38 pm
    Ratan Tata-backde UC-RNT fund and others have invested around Rs 200 crore into Matrix-backed digital payment technology firm Mswipe Technologies Pvt Ltd. The company will use the funds to develop the largest network of merchants accepting digital payments in the country.UC-RNT fund, a joint venture between Ratan Tata's RNT Associates and the University of California along with existing investors Matrix Partners India, Falcon Edge Capital, and DSG Consumer Partners invested in the round. The company has earlier raised a sum of over $56 million from marquee investors like Falcon Edge Capital, Matrix Capital Partners, DSG Partners and Axis Bank.Mswipe Technologies Private Limited, a POS merchant acquirer and network provider, currently has a payment network of over 2,46,000 terminals spread across over 550 cities. Over 80 per cent of Mswipe's customer base comprises of SME merchants. The annualized value of total transactions enabled by the company across its network stands at Rs 9,560
  • Mswipe raises Series-D funding of $31 million June 21, 2017 10:58 am
    Company will use funds to develop largest network of merchants accepting digital payments
  • Ather hires former Royal Enfield head Venkatesh Padmanabhan as COO June 20, 2017 7:06 am
    He will head supply chain, quality, manufacturing, and service delivery at the start-up
  • How did we live without it, say users of Darwinbox, which just raised $4 mn June 20, 2017 5:47 am
    Darwinbox's end-to-end HR management software has found takers in over 50 companies
  • India plans SAARC meet for startups to promote interaction: Nirmala June 19, 2017 1:03 pm
    She said the event wold act as a platform for exchange of ideas, would be mutually beneficial
  • Airbnb is buying Trooly, a background-check start-up founded by 3 Indians June 19, 2017 3:28 am
    Leading online lodging service Airbnb is buying a California-based background-check startup founded by three Indian-origin entrepreneurs in 2014 as it seeks to protect its users and hosts from undesirable and fraudulent people. A report in Fortune magazine said Airbnb is buying Trooly, a startup that specialises in technology that helps conduct background checks. Trooly was co-founded by Savi Baveja, Anish Das Sarma and Nilesh Dalvi. According to profiles of the founders on the Trooly website, Baveja, who is also the company's CEO, had previously served as senior partner at the strategy consulting firm Bain & Company, and a member of the Bain Board of Directors. Sarma, the company's Chief Technology Officer, is a gold medalist from IIT and has worked at Google Research and Yahoo Research. Dalvi, Trooly's Chief Science Officer, is an IIT alumnus and has worked at Facebook and Yahoo Research. Trooly said on its website that it uses public and permissible digital footprints to ...
  • 'Broken by sexual harassment charge', TVF's Arunabh Kumar steps down as CEO June 16, 2017 7:11 pm
    > Arunabh Kumar, the founder and CEO of Tiger Global-backed online media startup The Viral Fever (TVF), has stepped down from the position saying that the allegations of sexual harassment against him are hurting the company. "In the wake of the recent personal attacks, what really breaks me is the blemish on the brand's true promise. I have therefore taken the decision to step down as CEO of TVF," Kumar said in a statement released on his Twitter handle on Friday Kumar added that Dhawal Gusain, who has been working with TVF for two years, will take over as CEO, while he will continue to be available as a mentor to the content team. The Mumbai Police on March 29 had registered a case of sexual harassment against Kumar, based on a complaint filed by a former female employee. He had received anticipatory bail soon after on the condition that he would remain available whenever needed by the Police. Following this, another case of sexual harassment was filed in Mumbai against Kumar. ...
  • Microsoft, Intel invest in artificial intelligence start-up Element AI June 16, 2017 8:37 am
    It's a platform to help companies of all sizes build AI into their businesses, has raised $102 mn
  • PE-VC investment in mobile payment firms at 6-yr high; Paytm leads with $1.4 bn June 16, 2017 6:59 am
    On the backdrop of increasing digital transaction in the country, the Private Equity, Venture Capital investments in mobile payment sector has touched a peak in the last six years during the first around five months of the year 2017. From January to June the sector attracted $1,418 million in four deals as compared to $15 million in three deals during the pervious year, mainly due to the SoftBank Corp investment in Paytm's parent company One97 Communications.As a company which leveraged a majority of the government's cashless transaction effort from the Demonetisation drive started in November 8, 2016, Paytm attracted one of the largest deal in last six and a half years in the mobiule payment sector. It raised around $1.4 billion from SoftBank Corp in May, this year. The second largest deal during the year was a $15 million by SoftBank Corp, IMM Investment Corp, Mega Investment, Korea Development Bank and Capston Partners, according to the data from research firm Venture ...
  • Worst over, funding crunch eases for start-ups June 14, 2017 6:57 pm
    There were fewer Series-B deals this year versus last, but more money was raised