Page 46 - Start-ups

HDFC Bank aims to become go-to bank for start-ups with grants, platforms

HDFC Bank aims to be a dominant and go-to bank for startups, a key official said on Tuesday. Close to 9,000 start-ups are currently banking with HDFC Bank, said Smita Bhagat, Country Head, Government & Institutional Business, e-commerce and start-ups, HDFC Bank. Officials said the bank now has dedicated "SmartUp" zones in 70 branches in 30 cities across India. "Through the SmartUp programme, we are already engaging with the start-up community to partner with them in their entrepreneurial journey using smart financial tools, advisory services and technology", Bhagat told reporters here. "We also have a platform where the start-ups can register themselves and sell their products to our own customers", she added. HDFC Bank on Tuesday disbursed SmartUp grants totalling Rs five crore to 20 start-ups in Bengaluru working in the social sector. This takes the total tally to more than 60 start-ups who have been been given a total grants of Rs 14 crore over the past three ...

From Swiggy to Ola, Indian star unicorns' valuations hit speed bump

Profitability has been the biggest challenge for unicorns. Swiggy reported 500 per cent jump in losses for financial year FY19 at Rs 2,346 crore against FY18, according to data platform Tofler.

Times Bridge picks up equity in meditation app Headspace

The funding also opens the way for the Santa Monica-based company to enter the country

Non-profit tech: AI-based startups make it to Cisco, N/Core's third cohort

Each selected startup receives an innovation grant of Rs 15 Lakh

Novel coronavirus fear now spreads to the start-up ecosystem in India

Around half a dozen Chinese venture capital firms with active presence in India have postponed their trips to the subcontinent

IIT-Madras: Nurturing a range of start-up ideas, from farming to space tech

The institute has so far incubated 200 firms, of which 73 are successful enterprises that have raised Rs 1,620 cr at a cumulative valuation of Rs 6,000 cr

Field service automation start-up Zinier raises $90 million funding

The funding would help it to transform field service workforces with artificial intelligence-driven automation

Microsoft chooses 54 startups to strengthen ecosystem in Tier 2 cities

Highway to a Hundred Unicorns, the Microsoft for Startups initiative, works closely with local governments to strengthen the startup ecosystem in each state

India's start-up culture concentrated in a few states: RBI survey

The annual turnover for over one-fourth of the respondents was up to Rs 10 lakh, whereas around 20 per cent start-ups did not report any revenue generation

IIT Madras to scale up pre-incubation centre for 100 student start-ups

Institute to tap public and private sector to raise CSR funding to support the budding enterprises

Start-up funding slows down in 2019 after a two-fold surge previous year

Major deals include $586 million by Tencent and others in Udaan this August, followed by $413 million by SoftBank Corp, Carlyle and Fosun Group in Delhivery

Fireside Ventures to invest in 20 start-ups in superfoods, fashion segments

The venture capital (VC) firm is planning to make around 18-20 investments via fund 2 in the range of $4-5 million in each portfolio company across Pre-Series A and Series A stages

Startups to play key role in making India a $5 trn economy: Suresh Prabhu

Prabhu said there are three components that are necessary to achieve India's ambition of becoming a $5 trillion economy.

WhatsApp set to invest $250,000 into India's start-up ecosystem

Will provide 500 start-ups approved by DPIIT with $500 each of Facebook ad credits

Nazara Technologies plans to invest $20 mn in Indian startups next year

The company has already undertaken transactions worth $50 million in 13 startups in the last two years

Govt plans to set up dedicated platform to promote agriculture start-ups

Small Farmers Agribusiness Consortium Managing Director Neelkamal Darbari said the role of agri startups comes at the pre-harvest stage

Start-ups play crucial role, giving growth impetus to economy: KPMG report

The report said the golden triangle of government, private sector and academia are important players who can provide the impetus needed to grow the start-up eco system

Seven new unicorns added in first eight months of 2019, 50 more waiting

Nasscom annual start-up report also says that more number or early and mid-stage firms are now raising funds as compared to earlier time

Facebook plans to tap start-ups, small and medium businesses in India

Facebook aimed to enable the growth of small and medium businesses and entrepreneurship in the country

Start-ups providing income-share agreements catching students' fancy

It is still a nascent market but a growing one, which has investors interested