Months after the six-seater aircraft built by Thrust Aircraft Pvt Ltd was cleared to fly by the Directorate General of Civil Aviation (DGCA), the Maharashtra government inked a Memorandum of Understanding (MoU) with the company promoted by Amol Yadav to set up an indigenous factory for smaller aircraft, and develop Palghar as an aviation hub. The state government entered into…
More than a half-dozen venture capital firms have hit the road to raise at least $2 billion for their new funds this year, but they may be in for a rough ride as the industry emerges from its lows. Sequoia Capital India is raising the largest of the new funds, followed by Nexus Venture Partners. A slew of other VC…
Reliance Jio Infocomm will invest a fresh Rs 10,000 crore in Uttar Pradesh over the next three years, and will make available 20 million JioPhones in the next two months in the state, Reliance IndustriesBSE -0.47 % (RIL) chairman Mukesh Ambani has said. Speaking at the UP Investors’ Summit on Wednesday, Ambani said RIL had already invested Rs 20,000 crore…
Gurugram-based online grocery startup Grofers is in talks to raise around USD 60-65 million from its existing investors in a funding round, sources told Mint. The valuation of the online grocery store may drop by over 40 percent,they added. The funding round is being led by existing investor SoftBank with participation from Tiger Global Management participating. Sequoia Capital, however, may…
Advances in technology have given way to a proliferation of new startups. So, when it comes time to begin looking for those elusive investor meetings, you’re competing against more startups to secure time with investors. This competitive buyer’s market also holds the potential to drive down valuations, and even what once was considered the typical funding round. So in a…
Rongali Start Up and Entrepreneurship Conclave, a daylong conclave aimed at creating an ecosystem for entrepreneurship and start up in the northeast India, is being organised at Hotel Radisson Blu on the 22nd of February. An initiative of Rongali, the conclave is the brainchild of Shyamkanu Mahanta, who himself left a job to start his own venture and is currently…
Affordable housing in India is set for a big boost in government funding, a move that could lead to greater investment in the supply-starved sector. India’s Finance Minister Arun Jaitley recently announced a dedicated affordable housing fund that aims to boost construction, especially in rural areas. The announcement, made during the Union Budget 2018, is aligned with ongoing government efforts…
All my life, I’ve loved fixing and improving things, whether I’m tinkering in the garage or revamping a company’s strategy. That love is what brought me to NCR in 2005, where I was tasked as CEO with fixing an unsustainable business model. NCR was losing its market share and hemorrhaging revenue. The company’s most valuable asset was Teradata, a data…
President of a Canada's Seneca College, David Agnew on Sunday said, there is an "urgent need of quality training" in skill development and entrepreneurship. "There is an urgent need of quality training in skill development and entrepreneurship to meet the development goals of the country, and Canadian institutions are partnering with India's premier institutions to take this to the next…
Founders’ Co-op, a Seattle-based seed-stage venture firm, is looking to close its fourth and newest fund with $25 million, according to an SEC filing that shows the outfit has raised at least $10.7 million toward that end. The firm — now a fixture on Seattle’s venture scene — was created 10 years ago and closed its last fund in 2015…