• ALL DEALS
    Wipro Ventures invests Rs9.78 crore in big data start-up Altizon Systems

    Photo: Hemant Mishra/Mint Bengaluru: Wipro Ltd’s corporate venture arm Wipro Ventures has picked up a minority stake in Pune-based big data start-up Altizon Systems Pvt. Ltd. Wipro’s Rs.9.78 crore investment in Altizon allows it to have “a minority holding, not exceeding 20% of the outstanding share capital of the company”. It expects to close its […]

  • NEWS
    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 […]

  • ALL DEALS
    Urban Ladder appoints Sanjay Gupta chief marketing officer

    Founded in 2012, Urban Ladder is one of the early movers in the online furniture segment. Photo: Hemant Mishra/Mint Bengaluru: Online furniture store Urban Ladder Home Décor Solutions Pvt. Ltd on Tuesday named former Marico Ltd executive Sanjay Gupta as its chief marketing officer. Gupta will lead marketing, branding and content among others at Urban […]

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    Magic Leap raises $793.5 million from Alibaba, Google, Qualcomm

    Magic Leap is promising to create a headset that would use a type of light-field technology to simulate 3-D images superimposed on the real world. New York: Magic Leap Inc., the mysterious startup working on a device that simulates reality, has raised $793.5 million in a new round of funding led by Alibaba Group Holding […]

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    Ratan Tata says some start-up valuations ‘pricey’

    File photo.Ratan Tata has invested in more than 25 Indian start-ups over the past 24 months. Photo: Abhijit Bhatlekar/Mint Mumbai: Ratan Tata said his investments in start-ups are aimed at enabling goods and services to reach a large section of the population, although the chairman emeritus of Tata Sons Ltd admitted that valuations of some […]

  • NEWS
    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 […]

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    Flipkart’s monthly ad sales revenue reaches $1 million

    Photo: Hemant Mishra/Mint Bengaluru: Flipkart Ltd, India’s largest e-commerce firm, is currently generating nearly $1 million in monthly advertisement sales, making the company one of the largest digital ads platforms in India less than a year after it launched its ads business, two people familiar with the matter said. Ravi Garikipati, head of Flipkart’s ads […]

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    Augmented reality start-up Blippar raises $54 million

    Blippar has 300 employees in 14 offices worldwide, with 30 of them in its New Delhi, Mumbai and Bengaluru offices. Bengaluru: Blippar Inc., a company that makes augmented reality technology for brands as well as for consumers, said on Wednesday that it has raised $54 million from Khazanah Nasional Berhad, the strategic investment fund of […]

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    MoMark raises $600,000 from YourNest Angel Fund, LNB Group

    MoMark offers small retailers customer analytics as well as a point-of-sale terminal with which they can accept money from any mobile wallet. Bengaluru: MoMark Services Pvt. Ltd, a Noida-based firm that makes mobile-based customer engagement platform for small and medium businesses, on Wednesday said it raised $600,000 from YourNest Angel Fund and the LNB Group […]

  • NEWS
    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, […]

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    Mind the gap: Boosting a climate of entrepreneurship

    Photo: Ramesh Pathania/Mint Bengaluru can often feel like a different country. Elsewhere, university campuses might be on fire, debating the freedom of speech and meaning of freedom; water supply to entire neighbourhoods might be cut off by angry mobs; thousands might be stranded due to once-in-a-century floods. But in Bengaluru’s coffee shops and meeting rooms, […]

  • NEWS
    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 […]