Page 32 - Startup

Gujarat ranked best state in providing strong ecosystem for startups: DPIIT

Gujarat has again emerged as the best performer in developing startup ecosystem for budding entrepreneurs, according to the ranking of states and union territories (UTs) done by DPIIT

This art investment startup is luring scores of investors in the pandemic

Think of it as the art market's version of the popular trading platform Robinhood Markets, which lets users buy a fraction of a company's share for a few dollars

Unacademy began as co-founder's hobby; start-up is now a unicorn

Unacademy now has 30 million registered users and 350,000 paying subscribers, almost four times as many as in February. The platform has more than 18,000 registered educators.

Desi professional network startup Apna raises $8 mn in Series A funding

The startup that seeks to provide access to local job opportunities to blue and grey collared professionals has raised the funding from Lightspeed and Sequoia Capital

9Unicorns makes first close of Rs 100 cr for its new fund for start-ups

The fund intends to offer $100,000 for 5-7% equity per start-up

Traditional firms take on Covid-19 through innovative firsts in market

"Immunity and antiviral have become the key words but consumers are not gullible and if they see through a company's claims, it loses the game even before it has begun it," said Harish Bijoor

IIT Kanpur-backed startup Phool.co raises $1.4 mn in pre-Series A funding

Phool.co says it converts floral waste at temples into charcoal-free luxury incense products

Fitness startup Fitternity looking to raise $12-15 million by January

Fitness startup Fitternity, which claims to be the largest platform for wellness equipment and services in the country, is planning to raise $12-15 million (around Rs 90-112 crore) from overseas inves

European startup Infobip raises over $200 mn in Series A funding: Report

Founded in 2006, Infobip provides technology in omnichannels marketing, allowing companies to communicate with customers through text messages or third-party apps such as WhatsApp

UP cabinet clears Startup Policy 2020, targets 10,000 new ventures

Recently, UP had created a Rs 1,000 crore Startup Fund managed by Sidbi

SoftBank-backed startups among those approved for US paycheck loan program

In-car monitoring technology firm Nauto Inc. was approved for $2-5 million.

3 agencies qualify tech round for assisting DPIIT in start up initiatives

Three consultancy agencies - PricewaterhouseCoopers, Ernst & Young, and KPMG Advisory, have qualified the technical evaluation round for assisting the Department for Promotion of Industry and Internal Trade (DPIIT) in effective and on ground implementation of initiatives for startups. In March, the department had invited a request for proposal (RFP) for the appointment of a consulting agency for Startup India, following which four consultancy firms bid. According to the minutes of a meeting that was held on June 26 to evaluate the preliminary proposals, these three firms have scored more than 60 marks and are found to be technically qualified. The evaluation committee, Chaired by DPIIT Joint Secretary Anil Agrawal, has "decided to open financial bids for all the qualified applicants on July 6". The minutes stated that Grant Thornton India LLP has failed to obtain minimum marks for technical qualification and "hence disqualified for the opening of its financial bid". The ...

Former Barclays India CEO-floated Blue Ashva gets $60 mn commitment

Blue Ashva Capital is founded by Satya Bansal, who was the Chief Executive of Barclays Private Bank.

How a campaign is following startup model to feed millions during lockdown

K Ganesh, Juggy Marwaha and Venkat K Narayana of Bangalore-based KVN Foundation started by dishing out a modest 500 free meals on March 28 in the FeedMyBangalore campaign

Aiisma: An app that rewards users in exchange for sharing Covid-19 data

The startup also has a trigger function to send anonymous alerts to any user who might come in contact with a positive case

Ratan Tata picks up stake in an 18-year-old's pharmaceutical start-up

Invests undisclosed amount in Generic Aadhar in personal capacity; firm claims annual revenue of Rs 6 cr, seeks to scale it up to Rs 150-200 cr in three years

Chennai start-up to offer AI-based remote monitoring of Covid-19 treatment

The two devuices that Helyxon has developed to monitor temperature are being sought by healthcare providers in North America, West Asia and the Far East

How a Mumbai start-up is helping Italian doctors test Covid-19 patients

Qure.ai's AI-backed solution interprets X-rays to help doctors classify patients as high-, medium- or low-risk and prioritise testing accordingly

Startup Agnikul raises Rs 23.4 crore to put small satellites into space

Agnikul, operating out of National Centre for Combustion Research at IIT Chennai, is developing a satellite launch vehicle for payload capacity of up to 100 kgs

Roadblocks to growth

Is the new Data Protection Bill biting the hands that feed us?