Page 14 - Start-ups

Chinese app ban is an opportunity to US, Indian starts-ups: Advocacy group

A US-India business advocacy group has welcomed India's ban on Chinese apps, including TikTok, saying the move will provide opportunities to American and Indian start-ups. Amidst escalating tensions with China in eastern Ladakh, the Indian government on Monday banned 59 mobile phone applications, mostly having Chinese links, citing threats to national security. Mukesh Aghi, president of US-India Strategic and Partnership Forum, told PTI on Wednesday that this is India's internal security matter. India felt that a lot of these apps were accessing and transferring data. We feel that the steps taken by India is to protect its own internal security, and we support that. It (banning of apps) does provide the opportunity for US companies. But I think it provides more opportunities for Indian companies to step up and build domestic apps. Because that's one area in India that has tremendous strength, he said. This gives more opportunity to Indian companies to access this market, he ...

Creating space for private spacetech

Global venture capital has identified spacetech as a super growth sector. India, China and Japan will play a significant role to drive the transformation in Asia

Mobility firm Yulu raises $3.9 mn in equity funding round led by Rocketship

So far, the Bengaluru-based start-up has raised more than $20 million in funding from investors like Bajaj Auto, Blume Ventures, 3one4 Capital, Wavemaker, and now US-based Rocketship, among others

Now local businesses can hop on Rapido to deliver products to customers

The bike-taxi unicorn aims to leverage its 15 lakh registered riders present in close to 100 cities to ensure timely and safe delivery methods in times of Covid-19

E-commerce start-up DealShare to hire over 5,000 people by the end of 2020

DealShare has tied up with about 400 manufacturers, of which around 300 are local producers

Beenext raises $160 mn; to focus on Indian start-ups tapping post-Covid era

The Singapore-based venture capital firm plans to allocate 50% of the fund exclusively for the Indian start-up ecosystem

Amid cash crunch, new-age lenders reach out to help early-stage start-ups

Lenders are looking at 'innovative' lending terms such as cash conversion cycle and revenue-linked repayment models to reduce their risks

Anand Mahindra invests $1 million in social network start-up Hapramp

The firm is working on the biggest social media challenges: user privacy, data security, and fair content monetization.

HealthPlix raises $6 million through Series-B funding led by JSW Ventures

"Today, HealthPlix assists in more than 50,000 consultations on a daily basis across 12 medical specialties and in more than 180 cities across India, the statement said

Best of BS Opinion: Govt's limited fiscal cushion, doing-business concerns

From why this year's budgeted net tax revenue for the Centre is impossible to achieve to how Indians are blase about class-driven brutality, here's a selection of Business Standard Opinion pieces

The power of the cause: Meet the trio behind a start-up to feed migrants

KVN Foundation, the start-up which was conceived when the lockdown began on March 25, has produced 4.5 million free meals for migrants and day labourers since then

Govt considering easing tax rules to promote start-ups, says official

Talking about the host of measures on which they are working, Mohapatra said the DPIIT will be extending more funds this year to startups under the Fund of Funds scheme

Euler Motors raises Rs 20 cr in Series-A round led by Inventus Capital

A first of its kind funding in the Electric Vehicles space during the testing times of Covid-19 pandemic

Start-ups looking to tap into venture debt, avoid large funding rounds

Most start-ups are also not expecting to get the right valuation at this time, as the lockdown imposed to curb the virus' spread has severely disrupted business

The entrepreneur who came out much the wiser after her dream ended early

Picking up ideas that are not too far ahead of their time, scalability and pivoting at the right time are key for success of any start-up, says this young entrepreneur

Coronavirus outbreak: Start-up heads predict mayhem in six months

The only disruption for thousands of start-ups in the country till now was limited to to pay cuts, salary freeze and layoffs, but the scene will be different in six months

Covid-19 impact: Technology start-ups have multiple silver linings

The lockdown has severely crippled half the ecosystem, especially e-commerce and mobility services; but the other half - digital players in content, social media and so on - is having a field day

Covid-19 impact: Technology start-ups have multiple silver linings

The lockdown has severely crippled half the ecosystem, especially e-commerce and mobility services; but the other half - digital players in content, social media and so on - is having a field day

Genes2Me to deliver 3 mn rapid test kits in coming weeks: CEO Neeraj Gupta

The first phase of our collaboration with Livzon revolves around bringing these kits to India and delivering them to the government within the shortest span of time, he said

Reform for the next generation

The dire outlook for an economy that was languishing before the pandemic suggests that India can no longer rely on business-as-normal paradigms