NEWS
NEWS 
March 4, 2016 RBI eases stake sale rules in start-ups
The RBI said it would clarify certain other issues that are permissible under current rules. Photo: Ramesh Pathania/Mint Mumbai: The Reserve Bank of India (RBI) allowed overseas investors to sell their stakes in Indian start-ups to local companies, potentially giving foreign venture capital (VC) funds an easier exit route. The regulator also allowed start-ups to […]
NEWS March 4, 2016 Ola, Uber launch bike taxi services in Bengaluru
Photo: Hemant Mishra/Mint Bengaluru: Ride hailing services Ola and Uber on Thursday announced the launch of their respective bike taxi services in Bengaluru, a move that will mark their presence in almost every possible land commute option. Uber Inc., the world’s most valuable start-up and Ola (ANI Technologies Pvt. Ltd), now offer between themselves an […]
NEWS March 4, 2016 Ola may shut down grocery, food delivery services
Photo: Hemant Mishra/Mint New Delhi/Bengaluru: India’s largest taxi-hailing service Ola, run by ANI Technologies Pvt. Ltd, may shut down its grocery and food delivery services barely a year into launch, as the company slows expansion plans and struggles to build customer demand for the business units. Ola Store, the groceries delivery service, and Ola Cafe, […]
NEWS March 4, 2016 Entrepreneurship to improve the world for everyone
Photo: Mint India is shining. It has retained the third position among countries with the most billionaires, according to the Hurun Global Rich List. Now India has 111 billionaires, an increase of 14 since last year. Topping the list of Indian billionaires are Mukesh Ambani, Dilip Shanghvi, Pallonji Mistry and Shiv Nadar—entrepreneurs who have amassed […]
NEWS 
March 4, 2016 Unicorns are a myth. But you do believe in them!
Photo: Bloomberg The enterprise value of Google pre-IPO (initial public offer) was estimated to be between $33 billion and $40 billion (based on a S&P’s pre-IPO Google report). Google listed on Nasdaq on 19 August 2004 at $85, the low end of its revised price expectation of $85-95. Its market capitalization was valued at $23 […]
NEWS March 4, 2016 Alibaba in talks to buy Flipkart stake
Jack Ma, founder of Alibaba Group. If the Flipkart-Alibaba deal goes through, it will make Alibaba one of the three most important investors in India, along with Tiger Global Management and Japan’s SoftBank Group. Photo: Bloomberg New Delhi/Bengaluru: China’s Alibaba Group, which has backed Paytm and Snapdeal, is looking to increase its footprint in India […]
NEWS March 4, 2016 Here’s why Microsoft bought SwiftKey for $250 million—artificial intelligence
Photo: Bloomberg New Delhi: On Tuesday, London-based predictive technology company SwiftKey said it has joined the Microsoft family. The deal, first reported by the Financial Times, is believed to be around $250 million. SwiftKey, for most smartphone users, comes through as just another third-party keyboard app, an upgrade on the default keyboard that most platforms […]
NEWS March 4, 2016 Ratan Tata, University of California partner to fund start-ups in India
Ratan Tata has made small investments ranging from Rs.10 crore in online market place Snapdeal to Rs.10 lakh in Zivame. Photo: Mint Bengaluru: RNT Associates, the privately held investment firm of Ratan Tata, and the chief investment officer’s office of the University of California have partnered to jointly fund start-ups and enterprises in India over […]
NEWS March 4, 2016 Magic Crate raises seed funding from Mohandas Pai, others
The firm said it ships several thousand activity crates each month, customised to specific age groups, with the prices starting at Rs.549. Bengaluru: Funfinity Learning Solutions Pvt. Ltd, which makes Magic Crate subscription-based activity kits for children, on Thursday said it has received seed investment from Aarin Capital, T.V. Mohandas Pai, chairman of Manipal Global […]
NEWS 
March 4, 2016 BHIVE Workspace raises angels funds to expand services
BHIVE provides start-ups with accessible and quality plug-and-play workspaces in Koramangla area of Bengaluru. Till date, it has housed 90 start-ups covering 4,000 active members. Mumbai: Bengaluru-based workspace solutions provider BHIVE Workspace said on Friday that it had raised an undislosed amount in funding from a group of angel (individual) investors. The investors include Raghunandan […]
NEWS March 4, 2016 Sequoia Capital top venture capital investor of 2015
While Sequoia Capital backed 48 start-ups, New Enterprise Associates—the second most prolific venture capital firm—was involved in 44 deals, according to start-up tracker Tracxn. Bengaluru: Sequoia Capital and New Enterprise Associates were the most prolific venture capital firms last year globally in terms of the number of deals, backing 48 and 44 start-ups, respectively. The […]
NEWS 
March 4, 2016 Zomato chief product officer Tanmay Saksena quits
Food tech start-ups such as Zomato have been struggling to scale their businesses, making wary investors pile pressure on start-ups to reduce cash burn on discounts and overhead costs. The pressure has been trickling down the management ranks. Photo: Ramesh Pathania/Mint New Delhi: Zomato Media Pvt. Ltd’s chief product officer Tanmay Saksena has abruptly left […]
