The country's second-largest private lender, is ramping up its focus on startups and has launched a fund to help them access capital as it seeks to expand its footprint in the growing space. Sources told TOI that the fund has been started with an initial corpus of $25-30 million but approvals are in place to increase it quickly. "It's a…
It may not be a stretch to suggest that we are now into the second wave of the startup phenomenon. The segment has shown consistent high growth in terms of numbers aggregating 5,000 and counting. In the last couple of years, the B2B segment particularly has shown healthy growth. This year, having garnered almost a 40% share (37% in…
City-based FixNix is the only Indian company to feature in RegTech 100, a list of world's most innovative companies that every financial institution needs to know about in 2018. The 100 companies were chosen by a panel of industry experts who reviewed an analysis of 416 RegTech companies that was undertaken by data and research firm FinTech Global. "The selected…
The government is working with the World Bank to recognise over 200 reforms that will help propel India into the top-50 bracket in ease of doing business. The government is working with the World Bank to recognise over 200 reforms that will help propel India into the top-50 bracket in ease of doing business, according to Department of Industrial Policy…
Failure or success of any start-up also depends on the idea that drives it, Finance Minister Arun Jaitley said when asked why several Indian start-ups have failed over the past three years. There is no country in the world that has a 100 per cent success record of start-ups and the failure or success of any start-up also depends on…
OPIC’s budget comes from Congress, but the money it makes goes back to the U.S. Treasury. The U.S. government plans to spend hundreds of millions of dollars in venture capital funds overseas as part of an expanded federal program to do good around the world through what’s known as “impact investing.” The program, unveiled Wednesday at a conference by the…
When India’s venture capitalists ring in the holiday season this year, their mood will be more upbeat than it has been for the past couple of years. In the nine months ended September, venture capital-backed firms, a universe that encompasses seed stage start-ups, unicorns (start-ups valued at a billion dollars or more) and everything in between, mopped up a record…
Mumbai: The Tata group is not looking to sell its telecom business in its entirety, but will retain some valuable segments within the business, said a person familiar with the company’s plans on condition of anonymity. While the group will exit mobile telephony, a business that has been under tremendous pressure with heightened competition from new entrant Reliance Jio Infocomm…
British cybersecurity firm Digital Shadows has raised $26 million (£19 million) for its platform that searches the darkest corners of the internet looking for the chatter associated with threats against specific organisations. The Series C funding round was led by venture capital firm Octopus Ventures, with participation from Passion Capital, Industry Ventures, and several others. Total investment in the six-year-old…
Google has signed a $1.1 billion dollar cooperation agreement with HTC, the technology company said in a statement on Thursday, after trading of HTC shares were halted on Taiwan's stock exchange before the announcement. The move, first rumored earlier this month and then re-emerged this week , is the search giant's latest attempt to juice up its growing hardware division…