UP Government To Set Up 100 Incubators And 10,000 Startups In The State
To create employment opportunities and to encourage entrepreneurs to establish new ventures, the Uttar Pradesh government has approved a startup policy, the Uttar Pradesh Startup Policy 2020. The startup policy is aimed at creating direct employment opportunities for 50,000 people and indirect employment for one lakh people in the state. […]
SBI Plans To Invest $150 Mn To Set Up A B2B eCommerce Marketplace For MSMEs
State Bank of India (SBI) is all set to invest $100 Mn to $150 Mn (Rs 750 Cr to Rs 1000 Cr) to set up its latest B2B eCommerce marketplace. Named Bharat Craft, this B2B eCommerce marketplace will be designed for micro, small and medium enterprises (MSMEs). Proving details about […]
Indian Wellness Startup ‘Green Cure’ Raises Undisclosed Funding Amount From Venture Catalysts
Indian wellness startup Green Cure has raised an undisclosed amount of funding from Venture Catalysts.The funding round was led by Gunvanth Vaid, Founder of 4G Capital and ACG World, which are part of Venture Catalysts. As per the startup, it plans to utilize the funding amount to further scale up […]
ZEE5 Launches ‘HiPi’, A TikTok-Like Short Video Platform
‘Made for an Atmanirbhar Bharat’ ZEE5 has launched TikTok-like short video platform, HiPi. Called Hypershorts earlier, HiPi had been in the works for a while. HiPi videos will be over a minute long. Integrated within the ZEE5 app, HiPi will now compete with the likes of Mitron TV, Roposo, Chingari, and […]
Samosa Party Raises An Undisclosed Amount In Pre-Series A Funding Round
Food startup Samosa Party has raised an undisclosed amount in Pre-Series A funding round from Inflection Point Ventures. As per the company, it plans to use the funding amount to scale, and open cloud kitchens across Bengaluru and other Tier-I cities. Samosa Party also plans to use the funds to […]
Latest Report Shows Investment By Chinese Investors In India Has Seen 12 Times Growth
As per data and analytics firm GlobalData, Indian startups have seen a 12 times growth in investment by Chinese investors over the past 4 years. From 2016-2019, the investment made by Chinese investors in Indian startups increased from USD 381 million in 2016 to USD 4.6 billion in 2019. As […]
Medical Robotics Startup ‘Aether Biomedical’ Raises Seed Funding From Chiratae Ventures
Aether Biomedical has raised an undisclosed amount in seed funding from Venture capital fund Chiratae Ventures. The funding round also saw participation from Joyance Partners and Sunfish Partners. As per the company, it plans to use the funding amount for commercialization of its product Zeus, a multi-action bionic arm, across India […]
Smart Parking Solutions Startup ‘Park+’ Collaborates With ‘AarogyaSetu’ To Control The Spread of COVID-19
To control the spread of COVID-19, Smart parking solutions startup Park+ is collaborating with AarogyaSetu, an Indian government-developed mobile application. With this tie-up, Park+ will leverage individual COVID-19 safety status provided by the AarogyaSetu app to improve the effectiveness of its tech-led social distancing solutions to control the spread of […]
Coworking Space Provider 91springboard Raises Rs 45 Crore In Funding From Existing Investors
Coworking Space Provider 91springboard has raised Rs 45 crore in a fresh round of funding from its existing investors. Talking about the funding and how the company plans to utilize it, Anand Vemuri, CEO 91springboard, said, “91springboard is one of few coworking players that has been profitable on a company […]
Rapido Launches Rapido Store, A One-Stop Solution For Business Deliveries
Rapido, an Indian online bike taxi aggregator, has launched Rapido Store, a one-stop solution for all business deliveries. With the help of Rapido Store, offline and online businesses will be able to deliver products to its customers during the COVID-19 pandemic. Currently, Rapido Store has been launched in Bengaluru and […]