Tag "startups"

Google shortlists six Indian startups for Launchpad Accelerator Program

By : CIOL Writers

Google has announced six Indian startups who have been shortlisted for the fourth class of Google Accelerator Program. These six startups will be joining the latest class of Launchpad that has 27 other startups from across Asia, Africa, Europe, and Latin

Digital lending platform FlexiLoans acquires Mumbai-based CreditPeriod.com

By : CIOL Writers

In a bid to strengthen its supply chain financial vertical, digital lending platform FlexiLoans has acquired Mumbai-based CreditPeriod.com. Though the financial details haven’t been disclosed, as a part of the deal, the co-founder of CreditPeriod.com, Venkatesh Viswanathan will be joining the

India has 3rd highest number of startup incubators & accelerators

By : CIOL Writers

Looks like the government’s initiatives and policies are paying off as India moves ahead of Israel to take the third spot in terms of highest number of startup incubators and accelerators in the country. India is a land of startups, the numbers

Govt’s Rs 10,000cr startup fund invested Rs 623.5cr in 17 VC firms last year

By : CIOL Writers

Back in January 2016, the Indian government set up a Rs 1o,000 crore ‘Fund of Funds’ to boost the startup ecosystem. Apparently, till few months back, not much was known regarding the agency/body disbursing the funds or its beneficiaries. However,  as per

Ankit Nagori invests in online fashion discovery platform Wooplr

By : CIOL Writers

Former chief business officer at Flipkart and co-founder of healthcare start-up CureFit, Ankit Nagori has invested an undisclosed amount in the online fashion discovery platform Wooplr. With this investment, Ankit Nagori will join Wooplr’s board of directors. Ankit Nagori said,

Ola raises $250mn from SoftBank in a down round

By : CIOL Writers

Ola raised $250 million in fresh funding from Japanese telecom and internet major SoftBank last year, as per the documents filed with the Ministry of Corporate Affairs (MCA). However, the company is yet to make an official announcement of the same.

Paytm launches online-to-offline channel to lure customers to Paytm Mall

By : CIOL Writers

For a more streamlined and convenient shopping experience on Paytm Mall, Paytm has launched an online-to-offline channel to get consumers who may not be making purchases on various online platforms. The digital wallet company has also introduced QR-code-based system on its recently-launched app and

Gurgaon-based Appworks acquires software development startup BigDrop

By : CIOL Writers

In a bid to enhance its capabilities in services, products and digital marketing, IT servicing and consulting company Appworks has acquired BigDrop, a custom software development startup. The financial details of the acquisition are yet to be disclosed. Gurgaon-based BigDrop,

Udacity acquires CloudLabs to enable collaborative programming for students

By : CIOL Writers

Marking its first ever acquisition, online education platform Udacity has acquired CloudLabs, a small five-person firm building interactive coding environments that let groups collaboratively code from within their browsers. Interestingly, Cloud Labs also creates platforms where others can come up with interactive computer programming courses. For instance,

Microsoft VP Brian Hall quits to join startup focused on building smart headphones

By : CIOL Writers

Brian Hall, the corporate vice president of Microsoft devices, who was actively involved with devices like Surface Lumia, HoloLens, and other hardware businesses, is leaving the company to join four-year-old Doppler Labs, a startup focused on building smart earbuds. In

NVIDIA unveils startup program to support AI startups in India

By : CIOL Writers

AI computing company, NVIDIA has launched ‘Nvidia Inception program’ in India “to support the innovation and growth of startups that are driving new breakthroughs in artificial intelligence and data science.” The Inception Program was launched at the inaugural NVIDIA Emerging

Microsoft Ventures launches new fund for AI startups, invests in 4 more startups

By : CIOL Writers

In a bid to further beef up its AI capabilities, Microsoft has announced a brand new fund focused on startups that work with Artificial Intelligence. Not just this, the company is also the first announced backer for Element AI, a

SMEs and young entrepreneurs will pitch live at +91 Start Up Challenge in Bangalore

By : CIOL Writers

Taking the competition a notch higher and making it more robust and engaging with start-ups, Hannover Milano Fairs India Pvt. Ltd. (HMFI), the Indian subsidiary of the Global JV Company HMG (Hannover Milano Global), is all set to bring a

Healthcare, retail & banking biggest adopters of enterprise technology

By : CIOL Writers

According to a report released by Microsoft Accelerator, startups in healthcare, retail, and banking, are the most “enterprise-ready” sectors in the Indian industry. The ‘Ecosystem Report on Enterprise Ready Startups 2016‘ has ranked the startups on the basis of their

Zone Startups launches ‘Gateway 91’ to help international startups grow in India

By : CIOL Writers

Zone Startups, a joint venture between Ryerson Future, Toronto, and the BSE Institute, has launched, “Gateway 91”, a soft landing program to work with international startups and growth stage companies looking to access the Indian market. Gateway 91 is the

Indian Govt to frame policy guidelines for e-pharmacy startups

By : CIOL Writers

As online portals encroach upon brick and mortar businesses, Pharmacy sector is next to complain about illegal online sales of drugs by such companies. With chemists planning a one-day shutdown of their shops later this month to register their protest,

China’s VC firm Shunwei eyeing investment in Indian Startups

By : CIOL Writers

Considering the flourishing startup culture in India, China’s venture capital firm Shunwei Capital Partners is eyeing investments in Indian startups in partnership with domestic VC firms, according to The Times of India. The Chinese firm that manages over $2 billion

Former HCL Tech CEO Anant Gupta launches Rs 100cr fund to support startups

By : CIOL Writers

Following on the heels of the appointment of new CEO at HCL Technologies come another piece of news about its ex-CEO Anant Gupta. Gupta who had stepped down from his post to pursue personal ambitions on Friday announced the launch

LinkedIn strategy to grow faster in a mobile-first nation

By : CIOL Writers

LinkedIn has announced three strategic initiatives aimed at expanding its reach in India, company’s second-largest market globally. The new products, all designed and made in India- LinkedIn Placements, LinkedIn Lite and LinkedIn Starter Pack are aimed at “democratizing access to

Govt plans doubling incubation centres to promote the culture of innovation

By : CIOL Writers

Making another move to promote innovation and entrepreneurship in the country, the Government of India has embarked upon an ambitious project of doubling incubation centers. Around 20 more incubators will be set up in this year alone, reported PTI. Currently,