IDG Ventures and Axilor Ventures partner to fund frontier tech startups

L to R: Kris Gopalakrishnan, Chairman, Axilor Ventures and Sudhir Sethi, Chairman, IDG Ventures IndiaIndia-focused technology venture capital fund IDG Ventures India and Bangalore-based startup accelerator Axilor Ventures have come together to launch a programme to discover and fund early-stage startups in frontier tech sectors, the company said in a statement. Christened the Frontier Tech Innovators Programme, it will fund startups looking to raise seed or pre-Series A round […]

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Infosys founders-led Axilor Ventures doubles intake for accelerator programme

L to R: Infosys co-founders Kris Gopalakrishnan and SD ShibulalInfosys co-founders Kris Gopalakrishnan and SD Shibulal-led Axilor Ventures on Thursday announced that it would double the intake for its 100-day accelerator programme, for which it is currently accepting applications. The programme, which is open to early-stage startups focussed on artificial intelligence, enterprise, fin-tech, consumer internet and health-tech, will now be admitting 20 startups, said […]

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Events marketplace Events High gets funding from Axilor Ventures

Invest_For-Jungle-Ventures-Story_ThinkstockPhotos-180442738Bengaluru-based Nuta Technologies Pvt Ltd, which runs events marketplace Events High, has raised an undisclosed amount of funding from Axilor Ventures, it said in a statement. The startup will use the funding to expand its organiser base and enhance user experience on its platform. “We have 3,000 verified listings per city per month with 30% […]

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Pure-play ecommerce model is not sustainable, says FirstCry’s Supam Maheshwari

Supam Maheshwari, CEO & Founder, FirstCryFirstCry founder Supam Maheshwari is not resting on his laurels after creating the largest omni-channel baby care firm in the country. He is planning to unveil a private label and also bring a few global brands to India. In an exclusive chat with Techcircle.in, 42-year-old Maheshwari says omni-channel is only model which can be sustainable […]

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FirstCry acquires BabyOye; raises $34 mn

For-BabyOye-Story-TC_ThinkstockPhotos-5093732262Online baby products retailer FirstCry has agreed to acquire auto-to-software conglomerate Mahindra & Mahindra Ltd’s baby-care business BabyOye in a cash-and-stock deal that will help it consolidate its presence in the growing segment through an omni-channel strategy. The deal is worth Rs 362.1 crore ($54.3 million), M&M said in a stock-exchange filing over the weekend. […]

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Exclusive: Existing investors, HNIs back food-tech startup Petoo

Petoo_01_feBangalore-based food-tech startup Petoo, owned and operated by Kinematic Foodtech Pvt. Ltd, has raised $500,000 from its existing investors and high-net-worth individuals (HNIs) through online deal-making platform LetsVenture. The startup will use the capital to fund its ongoing food research initiatives and to roll out its new products across the country, Kumar Setu, co-founder of […]

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Axilor to bring on board more startups for its accelerator programme

Axilor-Ventures3Infosys co-founders Kris Gopalakrishnan and SD Shibulal-led Axilor Ventures has invited applications for the fourth batch of its 100-day accelerator programme. Axilor Ventures, founded by Shibulal, Gopalakrishnan and former Infosys board member Srinath Batni, former Infosys head of strategy Ganapathy Venugopal and Harvard Business School professor Tarun Khanna in October 2014, has mentored 20 companies […]

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Exclusive: Social marketplace GoCoop raises funding from Kris Gopalakrishnan, Saha Fund

GoCoop2GoCoop Solutions and Services Pvt. Ltd, which runs social marketplace for cooperative enterprises GoCoop.com, has received investment worth $830,000 from former Infosys vice-chairman Kris Gopalakrishnan and Saha Fund, according to its filing with the Registrar of Companies (RoC). It could not be immediately ascertained whether it was the company’s Series A round of investment. E-mail […]

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Exclusive: Social marketplace GoCoop raises funding from Kris Gopalakrishnan, Saha Fund

GoCoop2GoCoop Solutions and Services Pvt. Ltd, which runs social marketplace for cooperative enterprises GoCoop.com, has received investment worth $830,000 from former Infosys vice-chairman Kris Gopalakrishnan and Saha Fund, according to its filing with the Registrar of Companies (RoC). It could not be immediately ascertained whether it was the company’s Series A round of investment. E-mail […]

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Ratan Tata leads as Flipkart, Snapdeal founders vanish from top angels’ list

Ratan-N.-TataRatan Tata, chairman emeritus at Tata Sons Ltd, is heading the pack of India’s top angel investors so far this year while the founders of Flipkart and Snapdeal are conspicuous by their absence from the list. The 78-year-old Tata, who started investing in startups after retiring as chairman of the diversified Tata Group in December […]

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