Move over Bengaluru and Pune. Udaipur in Rajasthan is aiming to set up the biggest startup hub in the country with a capacity to accommodate 700 newcomers. The state plans to create a strong startup ecosystem, taking a leap to match the top tech cities in the country. The incubation centre, coming up in Udaipur, will give start-ups and entrepreneurs…
Six months after raising $250 million from SoftBank, online hospitality player Oyo Rooms is planning to raise fresh funding to the extent of $500-800 million. It is also speculated that its anchor investor, the SoftBank Group and couple of other investors could pitch in with the funds. More significantly, Oyo Rooms will join the select band of startups in India…
Tech startups are typically founded by young entrepreneurs with more passion than experience. This is as true in India as it is in Silicon Valley. Then there’s Bigbasket, whose founders are veterans of the dotcom bust and mostly north of 50. Drawing on their successes and failures, they’ve turned their six-year-old startup into India’s biggest e-grocer and are taking on…
The US aircraft manufacturers Lockheed Martin will soon invite innovation ideas from startups through its annual scheme “India innovation growth programme,” meant for startups and university students “The applications for this programme, launched in 2007, will be received from March 21. It looks for startups and university students, who have got innovative ideas. They may be allowed to take their…
Meet Anders Boelskifte Mogensen, the co-founder and CEO of Gaest, Northern Europe’s largest online marketplace for listing, discovering and booking meeting spaces. Before Gaest, Anders co-founded a management consultancy that specialized in the business travel and hospitality industry. Anders is also the co-founder of the luxury Nordic boutique hotel Nordic Hotel in Abuja, Nigeria as well as an Executive Board…
Started by IIT Kharagpur graduates, agricultural inputs startup Gramophone has raised $1 million in pre-Series A funding. The startup works with farmers, providing them with agronomy services and the right inputs during the entire cropping cycle. Delhi-based agritech startup Gramophone has raised pre-Series A funding of $1million from InfoEdge. This is the company’s second round of funding. With this round…
What do you want to do next? It’s a generic question. Managers ask it all the time—or at least the good ones do. And they’re usually not expecting a unique answer. People want more responsibility. More opportunities. To try a different office, or a different team, a different department. But what if you want something radically different? What if you…
At a time when American and Chinese investors are seeking supremacy over its booming startup ecosystem, India’s richest religious community has forayed into the sector, funding and nurturing entrepreneurship. The Jain International Trade Organisation (JITO), a network of influential industrialists, entrepreneurs, and professionals from the Jain community, hosted an Investor Pitch Day in Mumbai earlier this month. The idea was…
The auto industry is undergoing a massive shift as it ushers in the technologies behind electric and autonomous vehicles and onboard tech designed to improve or enhance the driving experience. But to fully understand how those changes are manifesting, and how they could evolve in the future, we have to first understand the startups and entrepreneurs driving those changes. The…
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…