WebinarsNew
Deep DiveNew
Explore Business Standard
IIM-Calcutta has unveiled an initiative, allowing its MBA students to pursue entrepreneurial ventures without permanently foregoing campus placements, said a statement from the institute on Saturday. The initiative was announced by IIM-Calcutta Director Alok Kumar Rai at a ceremony on Friday to induct 480 students into its 63rd MBA batch. He said that students who choose to spend a year building start-ups instead of participating in campus placements will be eligible to return to the institute's placement process the following year if they desire so. The new batch comprises 67 per cent men and 33 per cent female students, with 41 per cent freshers and 59 per cent having prior work experience, the statement said. Students from engineering backgrounds account for 54.7 per cent of the batch, followed by commerce (11.5 per cent), science (10.27 per cent) and arts (10 per cent), while the remaining students are from other disciplines. The Freshers' Welcome ceremony was attended by Gane
Home services platform Snabbit has raised USD 56 million (about Rs 530 crore) in a funding round co-led by Susquehanna Venture Capital, Mirae Asset Venture Investments' Unicorn Growth Fund, and Bertelsmann India Investments, the company said on Tuesday. Existing investors Nexus Venture Partners and Lightspeed also participated in the round. Snabbit Founder and CEO Aayush Agarwal told PTI that the company plans to utilise the fund to build a strong balance sheet as it is gearing up to expand service in micro markets and foray into new categories in near future. "We have raised USD 56 million in Series D round funding, led by SIG, along with Mirae and Bertelsmann. This also marks Miraeas first investment from the Unicorn Growth Fund that was recently launched. We already have strong investors like Lightspeed, Elevation, and Nexus. Bertelsmann, which led our previous round, is doubling down significantly," Agarwal said. Global marketplace investor FJ Labs also participated in the fund
The government on Saturday issued detailed guidelines for operationalisation of the second tranche of Rs 10,000 crore fund of funds (FoF) scheme for startups. The guidelines include mechanisms for fund deployment, governance, and monitoring, with the objective of improving the efficiency of capital flows into India's startup ecosystem, the commerce and industry ministry said. The scheme will be implemented through commitments to SEBI-registered Category I and II Alternative Investment Funds (AIFs), which will invest in DPIIT-recognised startups. "This approach is expected to ensure disciplined capital allocation, crowding-in of private investments, and wider access to funding across sectors, stages, and geographies," it said. The Small Industries Development Bank of India (SIDBI), it said, will act as the initial Implementation Agency and will undertake execution through a structured AIF selection and monitoring process. The Department for Promotion of Industry and Internal Trade