Page 38 - Start-ups

LIC, EPFO keen to set up fund for startups, says DPIIT official

LIC and EPFO have expressed their willingness to set up funds for startups to help budding entrepreneurs, a senior official said on Monday

Bharti-backed OneWeb raises $330mn from South Korea's Hanwha Systems

Hanwha brings further defence capabilities and the latest antenna technologies to OneWeb

VerSe Innovation raises $450 mn in Series I funding from global investors

VerSe Innovation's proprietary technology platform serves one out of every two internet users in the country

Can new guidelines on drone operations lift India's drone start-ups?

India has fewer start-ups in the drone technology space than the US and China; it also lags most other economies in funding

Startup Wiz Freight gets $3.5 mn in seed funding from Axilor, others

Digital freight management platform Wiz Freight has raised USD 3.5 million (about Rs 26 crore) in seed funding led by Axilor.

Credgenics raises $25mn in series-A funding, hits valuation of $ 100 mn

The financing round was led by Westbridge Capital and Tanglin Venture Partners

Upgrad in unicorn club with $1.2 bn valuation as IIFL on-boards with $25 mn

Online education platform Upgrad has raised its third external funding of $25 million from the IIFL Group, helping the re/up-skilling company join the unicorn club with a valuation of $1.2 billion

Parliament passes LLP Amendment Bill to boost start-ups, ease of business

Lok Sabha Monday passed the Limited Liability Partnership (Amendment) Bill, which seeks to encourage the start-up ecosystem and further boost the ease of doing business, amid uproar by the Opposition

toothsi raises $20 mn in Series B funding round led by Eight Roads Ventures

The company had earlier raised $5 million as part of its Series A funding in January this year

Airtel unveils solution for digital connectivity needs of small businesses

Bharti Airtel announced the Office Internet, a solution for emerging digital connectivity needs of small businesses, SOHOs and early stage tech start-ups

Edtech startup Skill-Lync raises $17.5 mn in funding led by Iron Pillar

Company say it has collaborated with over 800 industry experts for creating course content.

Edtech start-up Skill-Lync raises $17.5 million in series A financing

Engineering focused edtech start-up Skill-Lync has raisedUSD 17.5 million in Series A round, led by Iron Pillar,a venture growth investor backing globaltechcompaniesbuilt from India. Existing investorsY Combinator and Better Capital also participated in thisfunding round, it said in a statement. In addition,Binny Bansal (Co-founder of Flipkart),Sai Krishnamurthy (ex-Flipkart;Co-founder of Xto10X)and Rashmi Kwatra (Founder of Sixteenth Street Capital) joined as new investors. Skill-Lync said it provides"job leading industry- relevant"coursesin themechanical, electrical,civiland computer science engineering domains forstudents in India and other parts of the world. "Interdisciplinary and job-orientedcoursesin topicssuch as Electric Vehicle Design, Embedded Systems design, Autonomous Vehicle,Renewable Energy, Full-Stack Development, Data Analytics and Construction Project Management,ensure the alignment of the engineering talent pool with the needs of these industries,

Gupshup raises additional $240 mn to expand global footprint

The new funding round follows the $100 million raise from US-based investment firm Tiger Global in April at a $1.4 billion valuation.

When Iron Man backed agri start-up ClimateAi to fight climate change

ClimateAi was co-founded in 2015 by Himanshu Gupta, a former climate and energy expert with the Niti Aayog, along with Max Evans, a machine learning expert with a farming lineage

Irrational exuberance over Zomato

Zomato is essentially a "concept stock" because it has neither made profits, nor has issued any guidance on ever getting to profitability, notes Shyamal Majumdar

Zomato allots shares worth Rs 4,195 cr to anchor investors ahead of IPO

Sources said the anchor book saw over 30x more demand than the shares on offer. The total interest generated was in excess of Rs 1 trillion

With Zomato's offering, fresh fundraising via IPOs set to hit 14-year high

All-time high not far away with Paytm planning fresh issue of Rs 12,000 cr

Valuing growth

Start-up listings will open up opportunities

AWS launches new prog to help early-stage startups work with public sector

AWS launched AWS Public Sector Startup Ramp in India, a new programme that is designed to help early-stage technology startups to build solutions for the public sector using its platform.

Zomato IPO a watershed moment for start-up ecosystem, say experts

The much talked about Zomato IPO is an encouraging sign for the start-up community