Singapore fund seeks CCI nod to buy 37.5 pct in Aakash Educational services

Aakash Educational Services, which had sought to list on the exchanges via an ‘offer for sale’ (OFS) in July 2018, could see an investment by Singapore VII Topco I. The fund has sought the Competition Commission of India’s (CCI) nod to acquire a 37.5% stake in the company that runs the Aakash Institute coaching centres, according to a CCI notification…

Toyota venture fund commits $100M to autonomy startups

Toyota's venture capital firm has announced a new $100 million fund dedicated to startups involved in automation and robotics. Founded in 2017, Toyota AI Ventures has already invested in 19 different early-stage startups including several automated robotics companies, a self-driving shuttle service, and a company that builds autonomous control systems for the maritime industry. "Auto manufacturers must participate in the…

Facebook killer? Google wunderkind is building a secret social-gaming startup

Google is secretly building a social-gaming startup, part of its effort to create fledgling companies within the internet-search giant. The founder and co-owner of the new firm, called Arcade, is Michael Sayman, according to people familiar with the matter. Sayman is the 21-year-old wunderkind who started as a Facebook Inc. intern at age 17 and left that company for Alphabet…

15 Traits of Failing Entrepreneurs You Should Avoid

Several years ago, we rented an office in a co-working space. Most networking and training activities happened on-site or in partner community spaces, crowded with self-proclaimed entrepreneurs. Working regularly from coffee shops for nearly a decade now also gave me an opportunity to meet solopreneurs and fresh business owners who dreamed big. Seeing startups fail weekly, here’s my condensed list…

Is Seed Funding the Right Answer for Your Startup?

For startups, securing the first round of funding is a daunting process. Doing so requires founders to take what is often a very complex idea, product or solution, and boil it down to dollars and cents for investors who, for the most part, only care about how quickly they will make their money back. The process will test an entrepreneur's…

Oyo looking to raise fresh funding of up to $800 million

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…

Zomato confirms $150 million fund raise from Alibaba’s Ant Financial

Zomato, on Thursday, confirmed it had raised $150 million from Ant Financial, Alibaba’s payment affiliate. As a part of the deal, Ant Financial will also buy shares worth $50 million from investor InfoEdge, taking the total investment up to $200 million. With this deal, Zomato’s valuation has been pegged at $1.1 billion. According to a press statement by Zomato, the…

Volvo’s parent company now owns a flying car Startup

Those reports from the summer that Volvo's parent company had snapped up flying car startup Terrafugia? They were true. Geely has officially completed its acquisition of Terrafugia, turning it into a fully-owned subsidiary of the Chinese automotive giant. Terrafugia will remain based in the US and will continue working on flying cars, but it will have Geely's deep pockets and…