Page 26 - Startups
RBI to set up innovation hub for financial inclusion, efficient banking
The hub aims to bring solutions to the financial sector by tapping into areas such as cybersecurity, data analytics, delivery platforms, and payment services
 "RBI to set up innovation hub for financial inclusion, efficient banking")
Edtech 2020's most funded sector, witnesses massive jump in VC investments
Investors say most of the edtech companies are seeing 3-5X rise in free audiences and anywhere 50-100% growth in monthly revenues due to Covid
 "Edtech 2020's most funded sector, witnesses massive jump in VC investments")
Lumis Partners' SCL starts six-month programme for supply chain startups
Investment firm Lumis Partners on Thursday said it will run a six-month programme under its Supply Chain Labs (SCL) to handhold and fund startups
 "Lumis Partners' SCL starts six-month programme for supply chain startups")
Glance in talks with US, Japanese investors to raise $200-250 million
Glance, positioned as a subsidiary of InMobi, has so far raised one round of $45 million from Mithril Capital
 "Glance in talks with US, Japanese investors to raise $200-250 million")
Sachin Bansal's Navi app among top three digital lenders in India
Bansal said there is a huge unmet demand for credit and their digital lending platform has done well despite the Covid-19 pandemic
 "Sachin Bansal's Navi app among top three digital lenders in India")
Oil marketing companies invite start-ups to deliver diesel at doorstep
The OMCs - Indian Oil, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation - have invited expressions of interest (EoIs) from start-ups that wish to be enrolled as FuelEnts.
 "Oil marketing companies invite start-ups to deliver diesel at doorstep")
Ed-Tech firm uFony raises funds from Chennai Angels for School Diary
School Diary is a user-friendly platform that caters to K12 schools, helping them engage students and conduct classes virtually without compromising on privacy
 "Ed-Tech firm uFony raises funds from Chennai Angels for School Diary")
Startup funding down 29% in first half of 2020 amid Covid-19 crisis: Tracxn
Only 443 companies were funded in the January-June period this year against 725 in H1, 2019
 "Startup funding down 29% in first half of 2020 amid Covid-19 crisis: Tracxn")
Sequoia raises $1.35 billion to invest in India, Southeast Asia startups
Sequoia India now operates seed, venture and growth funds, a structure that allows Sequoia to remain a relevant partner for founders at all stages of their journey
 "Sequoia raises $1.35 billion to invest in India, Southeast Asia startups")
Covid-19 impact: Mass lay-offs, cost-cutting among start-ups, says survey
Start-ups are now resorting to mass lay-offs and cost-cutting, as only a small number of them is funded to sustain till end-2020
 "Covid-19 impact: Mass lay-offs, cost-cutting among start-ups, says survey")
Chinese app ban: PM urges start-ups to create 'Atmanirbhar' App ecosystem
He said the app innovation challenge is for those who have such a working product or if they feel they have the vision and expertise to create such products
 "Chinese app ban: PM urges start-ups to create 'Atmanirbhar' App ecosystem")
Startups try to woo talent returning to India from US amid H1B visa woes
According to industry experts, a stricter visa regime to improve local employment and closure of onshore opportunities in the US, is likely to result in a reverse brain drain
 "Startups try to woo talent returning to India from US amid H1B visa woes")
BS READS: What Rs 50,000-crore MSME Fund can learn from its start-up sister
The Rs 50,000-crore MSME fund of funds has an uphill task ahead, but there's plenty it can learn from problems with the Rs 10,000 crore start-up fund of funds launched five years ago
 "BS READS: What Rs 50,000-crore MSME Fund can learn from its start-up sister")
Former Grab employees' start-up Nextbillionai raises $7 mn in funding
Company has launched an AI-driven mapping solution that customises APIs based on the size of the vehicles.
 "Former Grab employees' start-up Nextbillionai raises $7 mn in funding")
Kia, Hyundai and LG Chem join hands to identify EV startups for investment
New Energy Nexus, the international startup support organisation, will manage and facilitate the competition -- 'EV & Battery Challenge (EVBC)' -- the companies said in a joint statement
 "Kia, Hyundai and LG Chem join hands to identify EV startups for investment")
Indian start-ups funded by Chinese investors hit Great Wall of uncertainty
"With the latest escalation, my apprehension is that investments into sensitive sectors may be subject to deeper inspection by the government," said Atul Pandey, a partner at law firm Khaitan & Co
 "Indian start-ups funded by Chinese investors hit Great Wall of uncertainty")
Covid-19 impact: 42% start-ups, small biz out of funds or in shutdown stage
Only 16 per cent of start-ups and SMEs have the cash to survive for more than three months
 "Covid-19 impact: 42% start-ups, small biz out of funds or in shutdown stage")
Start-ups tap technology to get malls, hotels back on track amid Covid fear
Start-up companies are assisting businesses to conform to the government's 'social distancing' norms and insulate their air conditioning systems from the shock of virus
 "Start-ups tap technology to get malls, hotels back on track amid Covid fear")
Govt allows startups to issue sweat equity for 10 years after registration
Industry experts expect the move to help startups in terms of enhancing their ability to incentivise personnel and retain talent
 "Govt allows startups to issue sweat equity for 10 years after registration")
Online used car seller Vroom raises $467.5 million in upsized US IPO
Vroom priced its IPO at $22, above the initially marketed range of $18 to $20
 "Online used car seller Vroom raises $467.5 million in upsized US IPO")
