Archives
ALL DEALS March 11, 2016 Zomato shuts food-ordering operations in four cities
By: sristy SahaZomato said the size of the market in the cities where it shut its ordering business is small right now and will re-launch when the time is right. Photo: Mint Bengaluru: Zomato Media Pvt. Ltd, one of the few Indian Internet start-ups with a global presence, has shut operations in four cities, as food tech […]
ALL DEALS March 11, 2016 Baidu says in talks to invest in Indian e-commerce start-ups
By: sristy SahaPhoto: Bloomberg Beijing: Baidu Inc. is in talks to invest in Indian e-commerce start-ups, including Zomato, BookMyShow and BigBasket, a spokesperson for China’s top online search provider said on Wednesday. “The Indian market represents an enormous opportunity for us to connect more people with services, and we plan to put more resources there in the […]
NEWS March 11, 2016 Will online pharmacies work in India, and are they even legal?
By: sristy SahaZigy co-founder Hemant Bhardwaj hired three law firms just to ascertain if the business of online pharmacies was legal. Photo: Hemant Mishra/Mint New Delhi: It’s a $18 billion market set to grow to $55 billion by 2020 and it’s finally beginning to get the kind of attention from investors and entrepreneurs those numbers warrant—despite uncertainty […]
NEWS March 11, 2016 Amrita University’s incubation centre to invest $120,000 in four start-ups
By: sristy SahaAccording to the Amrita University’s incubation centre, it has so far mentored 181 start-up ideas, built 31 products, filed for five patents and trained 6,700 students, and incurred zero loss from its investments. Chennai: Four start-ups have won seed funding worth a total of $120,000 (Rs.80 lakh) from Amrita Technology Business Incubator (TBI), supported by […]
ALL DEALS March 11, 2016 Domestic venture capital funds proliferate as HNI interest in start-ups grows
By: sristy SahaAnil Joshi, co-founder of Unicorn India Ventures, says the number of people who see start-ups as an investment asset class has grown in the last one-and-a-half years. Photo: S. Kumar/Mint Mumbai: Domestic early-stage venture capital (VC) funds are proliferating in an effort to tap increasing demand from rich individuals and investment offices of business families […]
ALL DEALS March 11, 2016 As start-up funding slows, venture capital firms back in the driver’s seat
By: sristy SahaEven some well-funded start-ups are feeling the heat. Last week, grocery delivery start-up Grofers shut operations in nine cities, citing poor demand. Photo: Ramesh Pathania/Mint Venture capital (VC) firms are again wielding strong control over their portfolio companies, as a funding slowdown helps shift power back to the investors after more than a year when […]
ALL DEALS March 11, 2016 The irony in the start-up world
By: sristy SahaIt’s not that Indian start-ups don’t know the value of the India market, except they do it from the outside-in. Some of the more successful Indian start-ups are now incorporated outside—Flipkart and Practo are both Singapore incorporated. Here is something I find most amusing. Global start-ups have found gold in India, while Indian start-ups continue […]
ALL DEALS March 11, 2016 Three Indian B-schools in FT’s Global MBA Ranking 2016
By: sristy SahaAmong the three, Indian Institute of Management-Ahmedabad tops the list and is the 24th best B-school globally, followed by the Indian School of Business-Hyderabad (29th place) and the Indian Institute of Management-Bangalore (62nd place). Photo: HT Three Indian business schools figure in the annual Global MBA Ranking 2016 of the Financial Times. Among the three, […]
ALL DEALS March 11, 2016 Fee hike in Indraprastha University colleges will be rolled back: Kejriwal
By: sristy SahaA file photo of Arvind Kejriwal. Photo: HT New Delhi: In the wake of students’ agitation over retrospective fee hike in colleges affiliated to Guru Gobind Singh Indraprastha University, Delhi Chief Minister Arvind Kejriwal said on Sunday that the hike will be rolled back. “Learnt that fees of all IP Univ colleges has been hiked. […]
NEWS March 11, 2016 Gender gap remains wide in STEM
By: sristy SahaThe proportion of women in science, technology, engineering and mathematics (STEM) is the lowest in South and West Asia at almost 19%. Photo: Mint New Delhi: Gender inequality in science has been a matter of concern for years, but progress toward closing the awning gap continues to be tardy, according to the UN. Only 28.4% […]
ALL DEALS March 11, 2016 Budget 2016 sets stage for hike in IIT, varsity tuition fees
By: sristy SahaPhoto: Indranil Bhoumik/Mint Fees for students studying in publicly funded higher education institutions such as the Indian Institutes of Technology (IITs) and central universities could more than double, with budget 2016 proposing a new funding pattern for the elite schools. The budget proposed setting up a Higher Education Financing Agency (HEFA), a quasi-sovereign body which […]
NEWS March 11, 2016 India’s Mobile Phone Production Rises to 110 Million in 2015-16: Prasad
By: sristy SahaMobile phone production in the country has more than doubled to 110 million in 2015-16 on the back of duty rationalisation announced in the previous Budget, Telecom Minister Ravi Shankar Prasad said Tuesday. The minister said 16 new mobile manufacturing units have been set up during the financial year. “In 2014-15, the mobile units manufactured […]
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