NEWS March 16, 2016 Careers360 sells nearly 10% to MeritTrac
By: sristy SahaEstablished in 2009, Career360 raised capital from five angel investors for expanding its business in 2014. New Delhi: Education service provider Careers360 on Monday sold around 10% stake to education assessment firm MeritTrac to raise an undisclosed amount. “We are growing in a good pace and the fresh money will be utilized to grow further—in […]
ALL DEALS March 16, 2016 Can your idea really become a business?
By: sristy SahaStarting a business is very motivating yet an emotional roller-coaster ride. Photo: Priyanka Parashar/Mint With the start-up scenario growing and becoming pervasive in India, entrepreneurs are bubbling with new ideas, believing their idea to be the next billion-dollar one. Today, it feels as though everyone wants to be an entrepreneur. This is very heartening for […]
NEWS March 16, 2016 Practo FY15 revenue up by more than 10 times, losses widen 30%
By: sristy SahaBengaluru: Practo Technologies Pvt. Ltd, the most funded homegrown healthcare start-up, posted a more than 10-fold increase in revenue for the year ended 31 March, while losses increased 30%, signalling the company’s intent to extend its lead over smaller rivals. Practo’s revenue increased to Rs.29.73 crore in fiscal 2015 from Rs.2.30 crore a year earlier, […]
NEWS March 16, 2016 Who needs your product/service or solution?
By: sristy SahaFor those of you who read “Step 1: Is your Idea a Business or a Hobby?” (http://mintne.ws/1RmBHr3) in the first article of this seven-part series, you will find this article equally relevant and useful in helping you to progress your idea to the next step. We all know the best ideas often stem from real […]
NEWS March 16, 2016 Blueshift raises $8 million in Series A funding
By: sristy SahaBlueshift allows marketers to customise their messages based on customers’ interests, purchase patterns and browsing behaviour, thus increasing engagement. Bengaluru: Blueshift Labs Inc., a marketing automation solutions provider, on Tuesday announced that it had closed an $8 million Series A round of funding led by Storm Ventures, with participation from existing investor Nexus Venture Partners, […]
ALL DEALS March 16, 2016 Uber’s Travis Kalanick among big names to attend Modi’s Start-up India event
By: sristy SahaA file photo of Uber’s founder Travis Kalanick. Photo: Bloomberg New Delhi: Investment firm SoftBank’s founder Masayoshi Son, taxi-hailing service Uber’s founder Travis Kalanick and collaborative workspace provider WeWork’s founder Adam Neumann will attend the government’s Start-up India event next week, where Prime Minister Narendra Modi will unveil an action plan to assist early-stage companies. […]
ALL DEALS March 16, 2016 Step 4: Profit. Will you make money?
By: sristy SahaProfit may be made by generating revenue from sales or building an asset that can be leveraged to make money at a later stage. Photo: iStockphoto We are seeing a new trend in the market where start-ups are more interested in free sign-ups, number of app downloads and building online communities. Upon asking or trying […]
NEWS March 16, 2016 Early-stage VC investors dominate CB Insights top 20
By: sristy SahaRebecca Lynn, co-founder of Canvas Ventures, who is among CB Insights’s top 20 venture capitalists. Photo: Jason Henry/The New York Times For the last few years, the spotlight in start-up investing has largely shone on those who poured money into a company when it was already well along on a growth path. It turns out […]
NEWS March 16, 2016 Uber will beat Ola within the next 30 days: Eric Alexander
By: sristy SahaUber has grown at almost 40% month-over-month in India, says Alexander. Photo: Hemant Mishra/Mint Eric Alexander, president of business in Asia for Uber Inc. talks about surpassing rival Ola in terms of market share in India, learnings from different global markets and about Uber’s strategy to partner with local companies to perform better locally. Edited […]
HOME & GARDEN March 16, 2016 Nasscom opens 10,000 startups warehouse in Visakhapatnam
By: sristy SahaThe initiative aims to scale up the startup ecosystem in India by 10 times over the next 10 years. Nasscom will incubate, fund and provide support for 10,000 technology startups in India over the next decade. Hyderabad: Software industry lobby group Nasscom Tuesday opened a facility for startups in Visakhapatnam, where technology entrepreneurs with innovative […]
HOME & GARDEN March 16, 2016 Home services start-up Gapoon raises angel funds
By: sristy SahaBengaluru-based Gapoon, founded in 2015, earlier raised an undisclosed amount in angel funding in July. Bengaluru: Home services start-up Gapoon Online Consumer Services Pvt. Ltd on Tuesday said it has raisedRs.1.2 crore in angel funding. Bengaluru-based Gapoon, founded in 2015, earlier raised an undisclosed amount in angel funding in July. It operates an on-demand as […]
NEWS March 16, 2016 IFMR Holdings raises funds from Proparco
By: sristy SahaIFMR Holdings plans to facilitate funding through newer products in the debt credit offering arm IFMR Capital. Hyderabad: IFMR Holdings, a financial inclusion company which offers services such as wealth management to the poor and arranges credit for rural services companies, has raised Rs.12.5 crore from Proparco, a French development financial institution, the company said […]
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