• Gujarat polls: Hyderabad start-up launches crowd-sourced results predictor November 22, 2017 11:25 am
    BS ReporterHyderabad, 22 November: Hyderabad-based market analytics startup Idealantis Technologies is using the upcoming Gujarat elections to test a crowd sourced election results predictor it has developed as a more accurate and cost effective alternative to the sample survey-based election prediction models.The results predictor would be based on the predictions of people who join the firm's App and share and change their opinions or responses at several intervals. The underlying software algorithms would make the projections based on the basic feedback.The data sourced from the crowd would cover the number of seats that would be won by the main parties and their respective vote share, according to the firm."We have created the results predictor for Gujarat elections as a pilot project. We will perfect the architecture of the results predictor for a final launch targeting the general elections due in 2019,"Sai Panyam, founder and managing director of Idealantis told Business ...
  • Facebook launches digital, start-up training hubs to aid small biz in India November 22, 2017 9:27 am
    It plans to train more than half a million people in the country by 2020 through these online training hubs
  • FreshUp raises $1.5 mn from Singapore-based Lotus Global November 20, 2017 12:52 pm
    The micro-stay hospitality chain targets single-day travellers
  • Male investors' bias makes fund raising difficult for women-led start-ups November 20, 2017 9:08 am
    Since female-led start-ups face tougher funding prospects than male-led start-ups, fewer women enter the tech entrepreneur pipeline
  • Nomura selects eight Fintech start-ups under its India programme November 15, 2017 4:40 am
    Nomura said the eight start-ups were selected from over 150 global applicants that collaborated with the group over a 10-week period to develop 'Proof of Concepts'
  • Agri-tech firm FarmLink raises Rs 20 cr seed funding November 8, 2017 1:01 pm
    Firm offers its farmers secured income with long-term off-take agreements and support to improve productivity and quality
  • UP's start-up ecosystem getting a major leg up from govt, pvt bodies November 8, 2017 10:01 am
    According to a US website, Lucknow is home to over 400 start-ups and is growing at a favourable pace
  • TeamLease acquires 40% stake in Schoolguru for Rs 13 crore November 8, 2017 7:19 am
    Both the companies have signed a definitive agreement to this effect
  • Kinara Capital raises $14.5 mn in Series C funding November 6, 2017 1:58 pm
    It is an NBFC that lends to micro, small and medium enterprises without collateral
  • Startups suffer as angel funds plunge 53% over knotty tax rules: Nasscom November 2, 2017 1:54 pm
    According to Nasscom, the mortality rate of start-ups in India is 30% to 35% every year
  • RAW Pressery to Beer Cafe: VCs are betting on consumer food November 2, 2017 4:22 am
    As consumer behaviour evolve in India, investors are turning bullish on the consumer space
  • It's raining funds in logistics November 1, 2017 8:19 pm
    About half a dozen fund managers have raised over Rs 12,500 crore for the new funds in logistics
  • MobiKwik to invest Rs 400 cr for KYC compliance over 5 years October 25, 2017 5:26 pm
    MobiKwik impacts 260 million lives across the country through strategic tie-ups and partnership with blue-chip players
  • It's time for start-ups to focus on India's real problems to be disruptive October 12, 2017 9:51 am
    It is a low hanging fruit for entrepreneurs to mirror successful business models from other markets and fine tune them for India
  • Swiggy partners Indifi to launch Capital Assist programme for restaurants October 12, 2017 8:40 am
    Swiggy Capital Assist will enable partner restaurants to avail collateral-free loans without initial deposits at a fair interest rate
  • SoftBank funding in firing line: Meru takes Ola, Uber to competition panel October 12, 2017 5:30 am
    The head of Meru Cabs said the company has filed four new complaints with the country's antitrust watchdog
  • Start-up bets on tech talent pipeline from Africa October 11, 2017 6:50 pm
    New York's Andela is looking to tap into a continent that is eager to connect to the global digital economy
  • Paytm Mall eyes dominance in FMCG sector, targets six times growth in sales October 11, 2017 10:14 am
    Paytm Ecommerce Pvt Ltd. owned Paytm Mall is establishing its dominance in the Fast-moving consumer goods (FMCG) sector by emerging as the most popular destination to shop for products of daily need. Having witnessed a strong surge in the ongoing Diwali sale, the company is targeting six times growth in FMCG sales by the end of the financial year.Paytm Mall is working directly with all the leaders in FMCG space including Hindustan Unilever, Nestle, P&G, Reckitt Benckiser, ITC, and Mondelez. It also holds joint promotions with these brand partners and has collaborated with them for exclusive product launches like the Maggi Masalas of India Box, Nestle Milkmaid, Nescafe Festive pack among others.Over 60 percent of all Paytm Mall customers have shopped FMCG products on the platform, and the category has registered a repeat rate of over 70 percent."Our country's FMCG market is the third largest globally and offers a unique opportunity with less than 1 percent of all sales happening ...
  • Rubique recognised as India's top 10 fastest growing fintech companies October 7, 2017 11:40 am
    Present across 27 cities Pan India, Rubique has consistently been digitizing the financial sector
  • Bonanza for employees as funding spurs startups to buyback ESOPs October 3, 2017 8:55 am
    Flipkart's board has approved a $100-million buyback of employee stock options
  • Yatra Online ties up with OYO to expand hotel inventory October 3, 2017 8:25 am
    Yatra's total hotel inventory will expand to over 70,000 hotels in India
  • Omnichannel platform provider Ace Turtle raises venture debt from InnoVen September 22, 2017 5:28 am
    Funds raised would be used for expanding operations outside India into Southeast Asia
  • NCLT orders insolvency of Stayzilla in payment default case September 18, 2017 1:28 pm
    Vendor Jigsaw accused the online accommodation aggregator of defaulting on payment of Rs 1.69 cr
  • Here comes the other Son for India's start-ups September 14, 2017 8:51 pm
    Taizo Son's Gastrotrope aims to introduce tech in the agri sector
  • Angel, seed stage deals down 40% September 13, 2017 6:55 pm
    Angel investors don't see exits on the horizon as funding in the next stages is not as robust as it used to be
  • Fintech start-ups, traditional players join hands to target millennials September 9, 2017 5:16 pm
    India's digital drive coupled with increasing smartphone penetration and data usage has created a huge market for fintech startups which are targeting young salaried professionals. Traditional financial services providers are partnering with these startups to jointly address business opportunities from these digital first customers. These partnerships are being expedited as there's a feeling among majority of incumbent players of being left behind by technologically savvy startups. "Fintech is going to get much bigger than what it is with UPI, demonetization and smartphone usage driving digital money adoption. Payment and lending space will see lot of action due to a huge unbanked population here," said Vidhya Shankar, Executive director Grant Thornton LLP. "Banks and NBFCs need to come on board as strategic investors to capitalize this trend because while the startups have revolutionary algorithms, they still need data to fine tune it." Shankar further states that consumers are ...
  • August sees 2nd highest VC investments in a month in 2017 at $440 mn September 8, 2017 9:07 am
    The Venture Capital investments during the month of August has seen 34 deals worth around $440 million, making it the second highest investment in a month during 2017. The VC investments in August has seen a growth of 140 per cent in terms of value, compared to $180 million investment during the month of July, this year. However, the VC investments during the month was lower by four per cent compared to the investment of $458 million in 37 deals during August, last year.The growth during the month compared to the previous month was led by growth capital while angel investments are still in a sluggish phase, according to data from Venture Intelligence, a research firm focused on private company financials, transactions and their valuations. August also arrested the two-month slide in deal activity which began in June, it said."The increase in value of investments in August was on the back of investors predominantly focusing on new rounds for existing portfolio companies - especially ...
  • OYO raises $250 mn in fresh round of funding led by SoftBank September 7, 2017 11:15 am
    The firm plans to use the funds to expand its presence in India and Southeast Asia
  • CreditVidya raises $5 mn in Series-B from Matrix, Kalaari September 6, 2017 7:30 pm
    CreditVidya helps lenders accurately assess risk of lending to new-to-credit
  • Lendingkart raises Rs 70 crore from Sistema Asia fund and others September 6, 2017 7:28 pm
    With this fresh funding, the firm has raised total funding of Rs 534 crore
  • IFC invests $10 million in Power2SME September 5, 2017 11:20 am
    IFC, a member of the World Bank Group, has invested$10 million as equity in Power2SME, an ecommerce platform that helps small and medium companies buy raw materials at bulk prices and get working capital without collateral.In addition to the investment, IFC will also advise Power2SME to help it expand beyond its current 14 states, improve its ability to provide working capital to SMEs by adding more banks as partners, and increase the number of users on its platforms by up to 10 times in five years.Power2SME is backed by venture capital firms such as Kalaari Capital, Accel Partners, and Inventus Capital. Nandan Nilekani joined it as a strategic advisor through his investment in late 2015. "IFC's extensive experience in supporting the SME sector through financing and deep networks with banks and financial institutions will help us in our vision to make SMEs bankable," said R Narayan, Founder and CEO, Power2SME. Micro, small and medium enterprises form a large part of the Indian ...
  • FinTech startup Datasigns Technologies raises $1.5 mn for Shubh Loans September 5, 2017 8:32 am
    SRI Capital, Beenext and Pravega to provide funds for the online lending platform
  • Baidu, Tiger and now Alibaba: Zomato's quest for funds continues September 5, 2017 5:42 am
    With Foodpanda securing as much as $451 mn, Zomato is hunting for funds to expand its operations
  • Zone Startups to promote entrepreneurship among women September 4, 2017 4:55 pm
    Zone Startups has joined organisations such GraceHopper India and IIT Delhi to promote women entrepreneurs in technology build new ventures.The India arm of the Toronto based tech accelerator has roped in Microsoft, Department of Science and Technology, Tata Trust's Social Alpha, Cherie Blaire foundation, ICICI Bank and Amazon for its accelerator to promote women entrepreneurs building technology-enabled ventures."Women entrepreneurs had a lot of question marks regarding funding, risk involved, networking etc. We did a lot of research to figure out areas where empoWer needs to focus (in terms of specific requirements of female entrepreneurs). Fifteen startups is a good number to work with in terms of manageability," said Ajay Ramasubramaniam - Director (India), Zone Startups. The event will encompass road shows across Bangalore, Pune, Hyderabad, Gurgaon, Ahmedabad apart from Mumbai to gather applications. Besides, the six week long accelerator program, empoWer now comprises of a ...
  • Kings Learning raises $2.5 mn from Dell Foundation, others August 31, 2017 5:25 pm
    Enguru, Kings Learning's spoken English app, allows users to learn English in 28 languages