Ratan Tata on Tuesday said he will be back with a vigour to interact with entrepreneurs and invest in startups, stating that the last few months had “forcibly” taken him back to the corporate world, referring to the bitter episode within his group of companies following the ouster of Cyrus Mistry. Tata, who has invested in dozens of startups, including…
Honda Motor Co Ltd and Hitachi Ltd's auto parts subsidiary plan to form a joint venture to develop, produce and sell motors for electric vehicles (EV), joining forces to better compete in the highly specialised "green" car segment. Automakers are increasingly teaming up with parts suppliers to build components for the fast-growing EV segment as a way to expand product…
Chinese internet giant Baidu Inc’s early stage investment arm Baidu Ventures has appointed Liu Wei, a former partner at Legend Star as the CEO of company’s venture firm that focuses on artificial intelligence and virtual reality. In his new role, Liu Wei will oversee operations of the investment unit, according to a report from China Money Network on Monday. The…
Stellaris Venture Partners, an early stage technology focussed venture fund, announced today that it has completed the first close of its $ 100 million maiden fund. Fund I has secured capital commitments from financial institutions, corporates, entrepreneurs and family offices in the United States, Europe and Asia. The Series A oriented fund will invest in technology businesses solving India-specific problems,…
Helion Ventures co-founder Ashish Gupta has joined the board of HyperTrack, which has recently closed a $1.5 million seed round of funding from investors including Gupta, Vy Capital, Jubiliant Group co-founder Hari Bhartia and the Junglee.com founders, the company said on Monday. HyperTrack helps businesses track products or people in real time. Co-founded by Kashyap Deorah and Tapan Pandita, HyperTrack…
The co-founder of a fintech acquired by AMP's shuttered venture capital arm says start-up entrepreneurs who choose to take investment from a big corporate player must have their "eyes wide open" and be careful about their motivations. Jemma Enright, who was also chief executive of budget management platform MoneyBrilliant which AMP New Ventures wholly acquired in 2016 after an initial…
OurCrowd, a Jerusalem-based crowdfunding venture capital platform, is all set to spearhead its next India journey by identifying half a dozen startups and mulls investing around a total of $30 million. In an interaction with DH, OurCrowd CEO Jon Medved said he is buoyed by the growing global enthusiasm in the Indian startup ecosystem. “We have been witnessing Indian startups,…
Alright, before I take the plunge into revealing what I expect from the impending budget, let’s take a quick glance at numbers on how the Government has fared since its inception: Modi’s flagship Make in India initiative launched to create employment & self-employment saw huge traction with India’s gross FDI flow jumping by 27% a.k.a $45 billion in 2015-16, an…
The United Arab Emirates has attributed the delay in setting up the $75 billion UAE-India Infrastructure Investment Fund on New Delhi's failure in putting in place the necessary governance structures. The UAE is keen that New Delhi expedites the process and has also shown interest to have an 'open sky policy' in the aviation sector and an improved bilateral investment…
Credit ratings agency India Ratings and Research (Ind-Ra) on Monday said it has observed differential impact of demonetisation across asset-backed securities (ABS) transactions. According to the agency's report -- Indian ABS Escape Demonetization Stress Tests with Bruises -- while the impact of demonetisation in the commercial vehicle (CV) and construction equipment (CE) loans has been marginal, it was more telling…