Fairfax Will Back Digit, Insurance Startup

In the wake of offering stake in ICICI Lombard General Insurance, Prem Watsa’s Fairfax Holdings, a Canada-based tycoon, is advancing a techdriven startup general insurance agency named- Digit. Watsa has associated with Kamesh Goyal who is an ex-executive of Allianz and drove the German insurer’s Indian business. Insurance side of  company’s Team New team of …

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GMG, Healthcare Startup, Acquired Series A Funding From Accel Partners

Good Methods Global Inc. (GMG), Kerala based health care startup, has gained a series A round of $9 million funds from Accel Partners.   Where To Invest The Funds? Arjun Satheesh, COO of the company, said that the utilization of funds will be seemed in the arena of expansion of sales, adoption of engineering and …

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Gurgaon-Based India Accelerator Offers Benefits to Tech-Startups From 70 Leading Accelerators

This month, India Accelerator put forth an incubation program so that early stage tech- startup can take profit through its newly owned memebership in Global Accelerator Network (GAN). GAN is a consortium which is comprised of 70 leading accelerators of the world including NXTP Labs in Argentina, H-Farm in Italy, Techstars in the US, and …

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BigBasket Joins Hands with SnapBizz to Enhance B2B Business

BigBasket, Grocery delivery startup, is seeking to extend its B2B business. It has collaborated with retail tech startup SnapBizz as it hopes to propell its private labels towards more kirana stores in the country. Company hopes to extending its B2B business As per cofounder of BigBasket, Abhinay Choudhari, B2B business comprises of 17-18% of the entire business done by company and …

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Vimal Ambani Steps in Startup Field With Indus Mentors

Vimal Ambani has joined a newly founded incubator called Indus Mentors. As it is already known that, he is the nephew of Dhirubhai Ambani and the reason for the brand name Vimal textile. About Indus Mentors This company is found by Nadeem Jafri and Manasvi Thapar in Ahmadabad. Indus Mentors has been able to pull …

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SAP Co-Founder’s Puts $11 Mn In Flytxt, Data Analytics Startup

Flytext, Customer data analytics firm, has got $11 million by DAH Beteiligungs GmbH, cofounders of German Software Firm SAP and associated with the family office of Dietmar Hopp. Funds will utilize for software products The company has perception for the utilization of this fund to invest it in development of software products, execution of its order book …

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Awfis, Co-Working Space Stratup Acquires $20 Mn From Capitalist Sequoia India

Awfis Space Solution Pvt Ltd, Delhi-based startup which offers working spaces, has acquired a fund of $20 million in its series B funding round driven by capitalist Sequoia India. Funds will be utilizes for technology enhancement With the utilization of this funding, company is intended to enhance its technology, its network of centres and propel new products …

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Oddup, Startup Rating Tool, Raised Series A Funding Of $6Mn

Oddup, Hong Kong-based rating tool which lets you find out whether a startup is likely to succeed or not, has acquired a fund of US$6 million in series A funding round. After this round, the total fund raised by it has come to US $ 7 million. Who led the funding round The round was driven by …

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IIT-Hyderabad Initiated Accelerator Program to Support Social Cloud Startup

IIT-Hyderabad has introduced an acceleration program having planning to motivate the young entrepreneurs and social cloud startups. This three month long programme will run at IIT-Hyderabad working with Surge Impact Foundation. This will help startups This is a manoeuvre to help the startups and the emerging entrepreneurs so that they can work on the problems …

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