Bharti Airtel picks stake in fintech startup Seynse

For-Airtel-Payment-Bank-Story_Mukul-Mudgal_feTelecom major Bharti Airtel has acquired a strategic stake in Goa-based financial technology startup Seynse Technologies Pvt. Ltd, it said in a statement. The value of the investment is not disclosed. Seynse has created the digital lending platform Loan Singh which provides consumers access to loans through its proprietary credit scoring engine, with a network […]

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Eyeing new revenue channels, fresh India fund in 2017: Jaarvis Accelerator’s Saumyajit Guha

Saumyajit GuhaSaumyajit Guha, former chief operating officer at Calcutta Angels who single-handedly closed seven startup investments in just nine months last year, is all geared up for his new challenge at Gurgaon-based Jaarvis Accelerator. Guha, who joined Jaarvis as co-principal last month, will be mainly responsible for managing investments from the operational side and creating new […]

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Exclusive: Fashion app Styledotme shortlisted for FbStart; receives new funding commitment from IAN

StyledotmeDelhi-based Styledotme Fashion and Lifestyle Pvt Ltd, which operates mobile fashion app Styledotme, has been selected by Facebook Inc. for its FbStart programme. The startup has also received commitment from existing investor Indian Angel Network (IAN) for a new round of funding. It will be looking to raise around Rs 2-3 crore, founder Meghna Saraogi […]

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InnoVen Capital invests $16 mn in 13 startups in December 2016 quarter

investe_shahTemasek-backed venture debt firm InnoVen Capital India Pvt. Ltd has invested Rs 110 crore ($16 million) in 13 startups including food ordering startup Swiggy and insurance provider Coverfox in the October-December 2016 quarter. The venture debt firm also invested in furniture rental startup Furlenco, apparel rental firm Flyrobe, branded accommodation firm Zelo, product recommendation platform […]

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Aerospace startup Team Indus secures launch contract from ISRO

IMG_20161201_125358Bengaluru-based aerospace startup Team Indus, which is incorporated as Axiom Research Labs Pvt Ltd, has landed a commercial launch contract with the Indian Space Research Organisation (ISRO). The contract will allow Team Indus to land a spacecraft on moon as part of its bid to win the Google Lunar XPRIZE. The moon mission is costing […]

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Aerospace startup Team Indus secures launch contract from ISRO

IMG_20161201_125358Bengaluru-based aerospace startup Team Indus, which is incorporated as Axiom Research Labs Pvt Ltd, has landed a commercial launch contract with the Indian Space Research Organisation (ISRO). The contract will allow Team Indus to land a spacecraft on moon as part of its bid to win the Google Lunar XPRIZE. The moon mission is costing […]

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Social networking app Pulse raises $500K from SAIF Partners

For-Pulse-Story-TC_ThinkstockPhotos-531313679Pulse, a social networking app that enables users to stay connected with their college or school communities, has raised $500,000 (around Rs 3.4 crore) in funding from venture and growth capital fund SAIF Partners. Pulse, owned by Instalively Livestreaming Pvt. Ltd, provides users a full-screen visual experience of colleges around them, with customised stickers. The […]

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Startup industry welcomes SEBI’s move to relax rules for angel investments

Startup_Thinkstock2All stakeholders of the startup ecosystem – entrepreneurs, investor and even lawyers – are welcoming the Securities and Exchange Board of India’s decision to relax rules for angel investments in startups. On Wednesday, SEBI eased rules for angel investments in young, fledgling firms and increased the upper limit for the number of angel investors in […]

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News summarisation app Awesummly raises $146K

For-Awesummly-Story_ThinkstockPhotos-101706204Bengaluru-based NitroLabs Technology Pvt Ltd, the company which runs and operates news summarisation app Awesummly, has raised $146K (Rs 1 crore) in funding from Vivek Bhargava, chief executive, iProspect, a digital performance marketing agency, and Ameera Shah, promoter and managing director of Metropolis Healthcare, a chain of diagnostic centers. The company had received investment offers […]

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