Start-up

Indian Startup With New Version Of Call Centres Raises $51 Million

Business | Saritha Rai, Bloomberg | Tuesday August 13, 2019

Umesh Sachdev, 33, founded the company in 2008 with his engineering classmate Ravi Saraogi.

Ola Acquires Bengaluru-Based AI Startup Pikup.ai, for an Undisclosed Sum

Indo-Asian News Service | Tuesday August 13, 2019

Ola on Tuesday announced the acquisition of 'Pikup.ai', an artificial intelligence (AI) start-up based out of Bangalore, for an undisclosed sum.

E-commerce Platform Meesho Raises $125 Million In Funding

Business | Thomson Reuters | Monday August 12, 2019

The Meesho platform allows re-sellers of everything from jewellery to mobile phones to reach prospective customers via social media platforms such as Facebook, WhatsApp and Instagram.

Polarity Smart Bikes Teases Electric Bike Range Ahead Of Unveil This Month

Sameer Contractor | Wednesday August 7, 2019

Pune-based start-up Polarity Smart Bikes has released teasers for its range of upcoming electric bikes for the Indian market. The company will be unveiling six electric smart bikes later this month, which the company says at the first-of-its-kind road legal EVs to come with pedal assistance. The bikes have been under development since 2017 and prom...

India, US Agree On Collaboration Between Defence Industry And Start-Ups

India News | Press Trust of India | Saturday August 3, 2019

Indian and American officials on Friday agreed to pursue a policy environment conducive to collaboration between the defence industry and start-ups in both countries. An understanding in this regard was reached during the 15th meeting of the India-US Defence Policy Group (DPG) in Washington on Friday.

Amazon Said to Be Launching Online Food Delivery Service in India to Rival Swiggy, Zomato

Reuters | Tuesday July 30, 2019

Amazon is planning a foray into the burgeoning online food delivery business in India this year, two sources aware of the development said, in a move that could raise competition in an increasingly crowded market.

Grocery Start-up Bigbasket Gets $14.5 Million In Funding

Business | Thomson Reuters | Monday July 29, 2019

Bigbasket, which competes with Walmart Inc-owned Flipkart and Amazon.com Inc, will use the fresh funds to set up warehouses and boost its cold chain, the company said in a statement.

37-Year-Old Celeb Tutor Is India's Newest Billionaire. Hello, Byju

Business | Saritha Rai, Bloomberg | Monday July 29, 2019

Byju Raveendran joined the rarefied club after his Think & Learn Pvt scored $150 million in funding earlier this month.

254 Startups Get Rs 1,700-Crore Investment From Alternative Investment Funds

Business | Press Trust of India | Wednesday July 24, 2019

The Commerce Minister said in the Lok Sabha that with a corpus of Rs 10,000 crore, the FFS will meet the funding needs of startups.

Oyo Founder Ritesh Agarwal To Buyback Stake Worth $2 Billion

Business | Thomson Reuters | Friday July 19, 2019

As part of these transactions, current investors Lightspeed Venture Partners and Sequoia India are selling portions of their holdings in Oyo

Azim Premji-Backed Software Startup Latest Indian Tech Unicorn

Business | Saritha Rai, Bloomberg | Wednesday July 17, 2019

Icertis, which competes with SAP SE and Oracle Corp. to help businesses manage contracts in the cloud, has raised $115 million, propelling it to unicorn status as investors flock to enterprise software makers.

Oyo Buys Shared Office Startup Innov8 For $30 Million

Business | Thomson Reuters | Tuesday July 16, 2019

Oyo will buy Innov8 for $30 million in an all-stock deal, a person with knowledge of the development said.

Swarms Of Indian Drones Being Designed To Take Out Targets Like Balakot

India News | Written by Vishnu Som, Edited by Debanish Achom | Friday July 12, 2019

A team of engineers and software experts at state-run Hindustan Aeronautics Ltd and NewSpace Research and Technologies, a Bengaluru based start-up looking at next-generation aviation technologies, is working furiously to fly the first Indian swarm drone prototypes in two years. The drones have a name - ALFA-S or Air-Launched Flexible Asset (Swarm).

A Ford-VW Alliance With Argo Could Redraw Self-Driving Sector

Reuters | Friday July 12, 2019

A Ford-VW collaboration with Argo, the Pittsburgh-based start-up that has spearheaded Ford's self-driving development since 2017, could help reduce the engineering and financial burdens on each automaker.

Ultra-Secretive New York Investor In Talks With Indian Start-ups: Report

Business | Saritha Rai, Bloomberg | Thursday July 11, 2019

The ultra-secretive New York-based hedge fund has closed investments in at least half of these startups -- nearly all of them in fintech or enterprise software segments.