Tag "startup"

Deep-Tech Focussed Bharat Innovation Fund Announces First Close Of Its $100M Fund

BANGALORE, INDIA: Bharat Innovation Fund, an early stage deep-tech, and IP- focused venture fund, affiliated with the Centre for Innovation, Incubation and Entrepreneurship (CIIE) at Indian Institute of Management (IIM) Ahmedabad, announced its first close today. The pre-Series-A and Series-A focussed $100M fund

‘scalerator’ aims to enhance the collaboration between Israeli and Indian startups

BANGALORE, INDIA: Accenture, the Consulate General of Israel to South India, and NASSCOM have jointly launched ‘scalerator,’ an exclusive program that aims to enhance the collaboration between Israeli and Indian startups to create innovative solutions for global markets. Scalerator will identify

Pepperfry raises Rs 250cr in fresh funding

By : CIOL Writers

Furniture marketplace Pepperfry has raised Rs 250 crore in fresh capital from US-based financial services firm State Street Global Advisors(SSGA). SSGA joins Pepperfry’s existing investors including Norwest Venture Partners, Goldman Sachs, Bertelsmann India Investments and Zodius Capital. Anandh Hari, managing director

HackerRank raises $30M in Series C funding round

By : CIOL Writers

Coding and recruitment platform HackerRank has raised about $30 million in Series C funding round, led by JMI Equity. Existing investors including Khosla Ventures, Battery Ventures, Randstad Innovation Fund and Chartline Capital Ventures also participated in the funding round. HackerRank

Microsoft commits $500M to a new startup program

By : CIOL Writers

Microsoft has announced a new program, Microsoft for Startups that delivers access to technology, go-to-market and community benefits that helps startups grow their customer and revenue base. As part of the program, the Redmond-based company is committing $500 million over the next two

Budget’18: Niti Aayog to spearhead National Programme on Artificial Intelligence

By : CIOL Writers

Startup industry doesn’t have much to take away from Budget 2018 barring two major announcements. Firstly, Finance minister, Arun Jailtey said that the government would invest in research and development in areas such as robotics, machine learning, and artificial intelligence.

Indian startup ‘Teabox’ raises $7M in Series B funding

By : CIOL Writers

Bangalore based Teabox has raised $7 million in Series B funding led by RB investments and participation from existing investors. DBS Bank Ltd will also participate in this round of funding through venture debt. Teabox, founded in 2012, runs an

Accenture Innovation Challenge winners develop tech to address sleep disorders

By : CIOL Writers

Accenture announced the winners of the first edition of Accenture Innovation Challenge. The competition was designed to inspire innovation among college students in India. The winners were chosen from 12 teams selected to participate in the Grand Finale round held

Google shortlists 4 Indian startups for the new edition of Launchpad Accelerator

By : CIOL Writers

Google has revealed the four shortlisted Indian startups for the 5th edition of its mentorship programme ‘Launchpad Accelerator‘. The tech giant said with this batch, a total of 30 startups have joined the Launchpad Accelerator programme from India. The shortlisted

HTC’s Vive X accelerator invests in 26 AR/VR startups

By : CIOL Writers

HTC has announced that it is investing in around 26 ambitious AR/VR startups through its Vive X accelerator program. The new batch of startups brings the total number of investments to 80 since July 2016.  The new startups joining the

T-Hub partners Microsoft to launch accelerator programme

By : CIOL Writers

Hyderabad-based, India’s largest incubator, T-Hub has partnered with Microsoft to launch its first accelerator programme which will allow start-ups to scale to the next level. “The idea is to consolidate everything we have been doing at T-Hub for two years into a 90-day

Paytm invests in online lending startup CreditMate

By : CIOL Writers

One97 Communications-owned Paytm has invested an undisclosed amount in CreditMate, a Mumbai based startup which facilitates two-wheeler loans for customers without any credit history. As a part of this investment Paytm will leverage CreditMate’s proprietary credit and asset valuation technology

Portea Medical raises $26M in Series C funding round

By : CIOL Writers

Bangalore based healthcare startup Portea Medical has raised $26 million in Series C funding round led by new investors Sabre Partners and MEMG CDC. Existing investors Accel Partners, Qualcomm Ventures and International Finance Corporation(IFC) also participated in the round. ”The ultimate

Hospitality startup FreshUp raises $1.5M from Lotus Global

By : CIOL Writers

Chennai based hospitality startup FreshUp has raised $1.5 million through seed funding from Singapore based Lotus Global Investments. The investment will be used to strengthen its expansion across southern states of the country including Andhra Pradesh, Telangana, Tamil Nadu, Kerala,

Cuemath resorts to gamification to make maths fun for kids

By : CIOL Writers

Cuemath, home-based after-school learning program for maths has launched a ‘Mathematical Universe’ for students across K-8 to engage them better and strengthen their foundation in the subject. Within each of these categories, Cuemath has developed a set of characters who

The expanding footprint of med-tech startups in India

By : CIOL Writers

Indian healthcare industry is marred by many factors such as affordability, awareness and availability, making health services accessible to very few. In such a scenario, technology is proving to be a great leveler. Medical technology innovations are making modern health-care accessible, available

Apple co-founder Steve Wozniak launches online tech education platform Woz U

By : CIOL Writers

Apple co-founder Steve Wozniak has launched an online tech education platform called Woz U that will promote jobs and skills required in the tech industry. Based in Arizona, Woz U has been launched with many online programs and there are plans to

Cybersecurity maturity of Indian startups are abysmally low, says report

By : CIOL Writers

From the data theft of reportedly 3.2 million debit cards that affected many big banks including SBI, HDFC Bank, ICICI, Yes Bank and Axis Bank, to recent security breach at Zomato that involved user data of over 17 million users, the state of

Bangalore ranks among 25 most high-tech cities in the world

By : CIOL Writers

Bangalore is among the top 25 high-tech cities of the world according to the research firm 2thinknow that studied a list of 85 cities across the globe and ranked them on 10 factors related to technological advancement – including the number

Sheroes acquires online career restart platform, Women Restart

By : CIOL Writers

Women-oriented career platform Sheroes has acquired Bangalore-based online career restart platform, Women Restart, aimed at strengthening its presence in Bangalore. As part of the deal, Women Restart founder and CEO Sheetal Arora will join Sheroes as director of research and resources. “The