Page 220 - Start Ups

Nasscom selects 39 start-ups for 3rd edition of 'Innotrek'

The programme will let technology entrepreneurs and founders interact with investors, experts from the Silicon Valley

Mini-bus shuttle service Commut raises $200K from 50K Ventures

Commut claims to be clocking over 700 rides everyday and have served more than 35,000 rides with a fleet of 42 mini-bus shuttles in the last five months

Hyperlocal grocery delivery app PepperTap shuts shop

Globally, the viability of on-demand businesses is being questioned

Frost & Sullivan to tie up with educational institutes for partnering start-ups

The firm will offer entrepreneurship development programmes through which it will incubate start-ups either in an advisory capacity or as a partner

Meat-ordering service Licious raises Series A funding from Mayfield Mgt

Firm sources fresh chicken, lamb and seafood, and processes it before delivering at customer's doorstep within 90 minutes of order placement

Murugappa Group executive chairman invests in healthcare startup

Vellayan says he invested in Trimed since he believes in the concept of holistic healthcare and the founder

Banks develop an appetite for start-ups

Lenders taking up incubator-style roles with small investments in start-ups

Oyo plans to re-engage with unhappy users

A 17-member leadership team will invite users to tell users of new measures and make them stay at Oyo

1mg raises Rs 100 cr from Maverick Capital Ventures, Sequoia

The firm plans to use capital infusion to grow its reach from 13 to 30 cities

RBL Bank opens Bengaluru branch exclusively for start-ups

Through the branch, RBL will offer startups banking services around foreign exchange, remittances and cash management

Edutech start-up Oliveboard raises funds from IEIF

Oliveboard is an online test preparation platform for MBA and job-oriented competitive exams

CollegeDekho raises $2 mn from Man Capital

The investment comes just four months after it raised $1 million from GirnarSoft

Online discovery platform Smytten raises funds from Rajan Anandan

Smytten is an invitation-only lifestyle platform offering a curated discovery trial and shopping experience for premium products and services

Travel delight on highways

NestAway raises $30 mn

Including the $30 million raised in the most recent round, NestAway has so far raised over $43 million

NestAway raises $30 mn from Tiger, Yuri Milner, IDG

Flipkart's former head of operations, Sujeet Kumar, also participated in the investment round

SelfDrive.in plans to raise $6 mn in next 6 months

Pune-based online self-drive cab operator, SelfDrive, also plans to enter Delhi, Hyderabad and Bengaluru

Start-ups should have offices in suburbs to cut cost: CBRE

India had about 4,200-4,400 start-ups at the end of 2015 and the annual addition of start-ups is likely to grow by about 17% per annum

Indian-run Thai e-commerce company Zilingo operationally breaks even

Zilingo boasts over 1,300 sellers, a customer base of 150,000 and more than 500 orders a day

Sebi may soon revisit start-up listing norms

Many start-ups believe that the current listing norms are unattractive for them to list in India