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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
Faasos, Pune-based online food delivery startup, has raised c series funding round of $6.4 million. As per the record at Registrar of the companies (RoC), this funding round was driven by Lightbox Expansion, Lightbox Ventures II, RuNet South Asia, RB Investments, and Sequoia Capital. In early December of year 2015, the startup had acquired its …
A great part of Indians were not having bank accounts a few years back, but the Digital India initiative by the government has promoted digital banking and mobile wallets. Demonetization can be seen as an aggregating factor for this shift. This has also prompted a lot of fintech start-ups in the country which resulted in …
