Page 15 - Startup

SoftBank-backed startups among those approved for US paycheck loan program

In-car monitoring technology firm Nauto Inc. was approved for $2-5 million.

3 agencies qualify tech round for assisting DPIIT in start up initiatives

Three consultancy agencies - PricewaterhouseCoopers, Ernst & Young, and KPMG Advisory, have qualified the technical evaluation round for assisting the Department for Promotion of Industry and Internal Trade (DPIIT) in effective and on ground implementation of initiatives for startups. In March, the department had invited a request for proposal (RFP) for the appointment of a consulting agency for Startup India, following which four consultancy firms bid. According to the minutes of a meeting that was held on June 26 to evaluate the preliminary proposals, these three firms have scored more than 60 marks and are found to be technically qualified. The evaluation committee, Chaired by DPIIT Joint Secretary Anil Agrawal, has "decided to open financial bids for all the qualified applicants on July 6". The minutes stated that Grant Thornton India LLP has failed to obtain minimum marks for technical qualification and "hence disqualified for the opening of its financial bid". The ...

Former Barclays India CEO-floated Blue Ashva gets $60 mn commitment

Blue Ashva Capital is founded by Satya Bansal, who was the Chief Executive of Barclays Private Bank.

How a campaign is following startup model to feed millions during lockdown

K Ganesh, Juggy Marwaha and Venkat K Narayana of Bangalore-based KVN Foundation started by dishing out a modest 500 free meals on March 28 in the FeedMyBangalore campaign

Aiisma: An app that rewards users in exchange for sharing Covid-19 data

The startup also has a trigger function to send anonymous alerts to any user who might come in contact with a positive case

Ratan Tata picks up stake in an 18-year-old's pharmaceutical start-up

Invests undisclosed amount in Generic Aadhar in personal capacity; firm claims annual revenue of Rs 6 cr, seeks to scale it up to Rs 150-200 cr in three years

Chennai start-up to offer AI-based remote monitoring of Covid-19 treatment

The two devuices that Helyxon has developed to monitor temperature are being sought by healthcare providers in North America, West Asia and the Far East

How a Mumbai start-up is helping Italian doctors test Covid-19 patients

Qure.ai's AI-backed solution interprets X-rays to help doctors classify patients as high-, medium- or low-risk and prioritise testing accordingly

Startup Agnikul raises Rs 23.4 crore to put small satellites into space

Agnikul, operating out of National Centre for Combustion Research at IIT Chennai, is developing a satellite launch vehicle for payload capacity of up to 100 kgs

Roadblocks to growth

Is the new Data Protection Bill biting the hands that feed us?

NMDC, IIT Hyderabad sign agreement to support deep-tech start-ups

NMDC will contribute Rs 10 crore for the five-year joint incubation programme and intends to support at least 15 start-ups

Ola-backed bike and scooter sharing startup Vogo raises $19 million

The latest fundraising is critical for Vogo to grow as it tries to find space for itself across India's cities. Its rival Bounce has already crossed $520 million in valuation.

How a US-based start-up is constructing buildings in India the Lego way

Katerra is also looking at launching a product in the affordable housing segment

Startups lap up Rs 70 cr investments in 'Seeding Kerala' summit

Bengaluru-based Sporthood, a startup for sports enthusiasts, got investment from SEA Fund, which made its fourth investment in Kerala out of its seven investment ventures.

Startups need to opt for IPO to tackle fund crunch: Kris Gopalakrishnan

Gopalakrishnan advised startups to take minimum funds from angel, friends and families. They have to create minimum viable product, and establish unit economics and profitable model, he underlined.

AdOnMo raises $3 million from Ant Financial's BAce Capital, others

Other investors include Astarc Ventures and Mumbai Angels Network

University of Illinois offers 'soft-landings' to Indian startups in US

Its President Timothy L Killeen lauded the vibrant Indian startup ecosystem and said his university with its experience and being located "at the heart of the market" can offer help to such firms

Personal care startup Mamaearth raises Rs 130 cr led by Sequoia

The funds will also be used to launch more brands under the Honasa Consumer Pvt Ltd

US-funded startup hub Nexus looks to go beyond Delhi with new partners

Started exclusively in India by the American Center, the Nexus Startup Hub has trained more than 90 startups through 9 cohorts each with a 10-week programme

Ed-tech startup Sunstone raises Rs 11 cr in Prime Venture-led funding round

The startup which offers industry-ready higher education programmes and follows a Pay after Placement model will be using the fund to build its network of colleges across various cities