• NEWS
    Oyo Rooms has acquired Zo Rooms: SoftBank

    Zo Rooms had 300 employees and 20,000 listed properties across 30 cities. Photo: Mohsin Shaikh/Mint New Delhi: Oyo Rooms, the budget hotel-booking app backed by Japanese billionaire Masayoshi Son’s SoftBank Corp., has acquired smaller rival Zo Rooms. SoftBank, which took part in a $100 million round of funding in Oyo Rooms last year, announced the acquisition […]

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    T-Hub to set up a health tech accelerator

    Photo: Mint Hyderabad: Hyderabad’s start-up incubator T-Hub is looking to set up a health tech accelerator, to mentor and fund 10-15 innovations, in May this year. In fact, over the next one year, it would also open three other accelerators, for Internet of Things, agritech and B2B companies. “The healthtech accelerator will be the first […]

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    Why investors are interested in CarDekho

    CarDekho.com boasts of investors such as Ratan Tata, Times Internet, Sequoia, Hillhouse Capital, Tybourne Capital and HDFC Bank, and is valued at $300 million. Clearly, it has no dearth of investors or money. New Delhi: The presence of CarDekho.com, promoted by Jaipur-based IT firm Girnar Soft, at the recently-concluded Delhi Auto Expo was intimidating. The […]

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    Start-ups have limitations in traditional business, says Capgemini India CEO

    Photo: AFP New Delhi: Srinivas Kandula, chief executive officer of Capgemini India, and Patrick Nicolet, member of the Capgemini group management board, spoke about the integration of iGate’s business with Capgemini, future areas of focus for the India unit and the challenge from start-ups, on the sidelines of the Nasscom Leadership Forum in Mumbai. Edited […]

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    Ather Energy to set up new manufacturing unit in Bengaluru

    A file photo of founder Tarun Mehta. Photo: Mint Bengaluru: Ather Energy Pvt. Ltd, an electric two-wheeler maker and technology start-up, will invest Rs.23 crore to set up a manufacturing unit in Whitefield, Bengaluru, to produce its first electric scooter. Founded by Tarun Mehta and Swapnil Jain at the IIT Madras research park, Ather’s new […]

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    For whom is the Nasscom’s India Leadership Forum 2016?

    The fee for attending the event starts from Rs31,000 and goes up to Rs41,000 for its members. For non-members, it ranges from Rs31,000 to Rs49,000. Photo: Aniruddha Chowdhury/Mint It is the age of start-ups. If you are living in a metro city, more often than not, you will have some one in your circle doing […]

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    Russian billionaire Fridman’s LetterOne invests $200 million in Uber

    Uber was valued at more than $60 billion, people familiar with the matter said in December, making it the world’s most valuable startup. Photo: Reuters Moscow: Russian billionaire Mikhail Fridman’s investment vehicle LetterOne invested $200 million in Uber Technologies Inc., betting in ride-hailing technology after selling billions of dollars worth of oil assets. “We aim […]

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    Snapdeal raises $200 million from Canadian pension fund, Iron Pillar

    In August, Snapdeal raised $500 million mainly from Chinese e-commerce firm Alibaba Group, Foxconn Technology Group and existing investor Softbank Group, which valued the Delhi-based firm at about $4.8 billion post money India’s second largest e-commerce firm Snapdeal on Sunday said it has raised $200 million in fresh funds from investors led by Canada’s Ontario […]

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    Hardware start-ups warm up to Make in India

    Photo: Ramesh Pathania/Mint When Prime Minister Narendra Modi exhorted entrepreneurs to make in India in his 2014 Independence Day speech, it was touted as a watershed moment for the manufacturing sector, which accounted for 17.3% of the country’s gross domestic product in 2013-14. The corresponding number for China stood at 36%, according to the World […]

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    Ratan Tata invests in retail tech start-up Snapbizz

    SnapBizz had earlier raised $7.2 million in an investment round led by venture capital firms Jungle Ventures, Taurus Value Creation, Konly Venture and Blume Ventures in January. Photo: Pradeep Gaur/Mint Bengaluru: SnapBizz Cloudtech Pvt. Ltd, which devises technology for grocery stores, said it raised an undisclosed amount of funding from Ratan Tata, chairman emeritus of […]