Tag Archives: India
From influencers to investors, content creators are coming of age in India
After collaborating with startups to create branded content for them in the last few years, top creators are turning angel investors by putting anywhere between Rs 2 lakh to Rs 20 lakh in early-stage funding rounds of new economy businesses. Just last week, creators like Tanmay Bhat and Ranveer Allahbadia (@BeerBiceps) have announced angel investments […]
India promises Tesla ‘lowest production costs’ but will that persuade Elon Musk to leave China?
India is ready to offer incentives to ensure Tesla’s cost of production would be less than in China if the carmaker commits to making its electric vehicles in the south Asian country, transport minister Nitin Gadkari said.Gadkari’s pitch came weeks after billionaire Elon Musk’s Tesla registered a company in India in a step towards entering […]
Smartworks is looking to make the most of ongoing coworking boom
New Delhi: Smartworks, a homegrown coworking startup, has leased 2,50,000 square feet in Hyderabad’s Aurobindo Galaxy, taking its total operational space in the city to 4 lakh square feet, a senior executive of the company said on Tuesday. This, at a time demand for flexible office spaces has risen after pandemic-induced lockdowns. Companies are weighing […]
Drone maker IdeaForge raises Rs 15 crore from BlackSoil
Bengaluru: IdeaForge, a homegrown unmanned aerial vehicle (UAV) startup, has raised Rs 15 crore in venture debt from BlackSoil as it looks to fulfil a recent order from the Indian Army worth about Rs 145 crore. The Mumbai-based drone startup said it will use the debt capital to meet its working capital requirements and service […]
Azim Premji takes covid vaccine as govt steps up vaccination drive
Bengaluru: Azim Premji, founder chairman of Wipro Ltd., took the Covid-19 vaccine shot at the Narayana Health City in Bengaluru on Tuesday. He is one among renowned personalities to have taken the jab, with the government stepping up the drive to get more people vaccinated against the coronavirus in the second phase. The hospital authorities […]
Blockchain doesn't need cryptocurrency: McKinsey Digital’s Asia head
Mumbai: Anand Swaminathan, the head of McKinsey Digital in Asia, told ET that it would be a mistake to think that cryptocurrencies and blockchain technology are “so intertwined you can’t have one without the other”. The Indian government’s reported plan to ban all cryptocurrencies has drawn sharp reactions from members of the crypto community, who […]
Arya, Canara Bank in tie up for farm loans management, warehousing
Kolkata: Arya, a post-harvest agriculture technology startup, has entered into a strategic partnership with for collateral management and warehousing services to help farmers with effective market linkage. The partnership aims to support and extend finance to farmers, Farmer Producer Organisations, processors, and various depositors stocking their agri-produce in warehouses managed by Arya pan India. While […]
StratMed offers hospitals beat margins with group buys
Hyderabad: With thousands of private hospitals across India battling low-occupancy rates and turning unviable for nearly a year now due to the Covid-19 pandemic, group purchasing startup StratMed has evolved as India’s largest group purchasing organisation for consumables including medicines, helping hospitals improve margins. Most small and mid-segment budget hospitals and even some large hospital […]
In brief: Quest Ventures, Scale-up Malaysia back 11 startups; Employment Hero raises US$35M for SEA expansion
The Employment Hero team Employment Hero bags US$35M to bring integrated HR platform into SEA Investors: Led by returning investor SEEK. Others are OneVentures and AirTree Ventures, Salesforce Ventures. What will the funding be used for: To support Employment Hero’s continued growth in its local Australian market and facilitate an expansion of its business across […]
In February, digital transformation and social impact continue to take centre stage in startup investments
Last month, we covered at least four notable acquisitions in the Southeast Asian tech startup ecosystem, involving startups from various sectors and markets. In Indonesia, there was the acquisition of B2B e-commerce platform Bizzy Digital by new retail platform Warung Pintar for US$45 million, as part of the latter’s effort to expand its offering to […]
The Internet Society, a digital advocacy body, says India must not force traceability
India’s new rules for regulating social media platforms must not be used to force intermediaries to break end-to-end encryption or stop their plans to offer it, said the Internet Society, an international internet advocacy body. The new regulations, notified last week, require messaging apps to trace the originator of flagged messages that contribute to crimes […]
IBM releases Cloud Satellite for any environment
IBM has released its hybrid cloud services and made it generally available in any environment — on any cloud, on premises or at the edge — via IBM Cloud Satellite. IBM Cloud Satellite, which brings a secured, unifying layer of cloud services for clients across environments, regardless of where their data resides, would help clients […]
Bezos versus Ambani isn’t the only fight in the Indian retail space
A bruising battle for supremacy between two of the world’s richest men is hogging the limelight, but the silent changes in India’s retail landscape deserve equal attention. The ongoing digital transformation of the corner kirana stores, tens of millions of shops catering to 1.3 billion consumers, will matter for everyone from Unilever NV and Procter […]
Apna.co raises $12.5 million led by Sequoia, Greenoaks
Apna.co, a professional networking platform for blue and grey collar workers, has raised $12.5 million led by Sequoia Capital India and Greenoaks Capital. Existing investors, Lightspeed India and Rocketship.vc, also participated in the round. Founded in 2019, the app comprises vertical communities for skilled professionals like carpenters, painters, field sales agents, among others. Users on […]
ETtech Morning Dispatch on March 2, 2021: How's it Co-WIN?
Good morning, In January we reported that India’s vaccination drive got off to a poor start, thanks to glitches in the government’s Co-WIN portal. Yesterday, more than a month later, the drive was extended to some members of the general public for the first time, but the same problems persisted. It seems this issue could […]
ETtech Evening Briefing on Mar. 1, 2021: Crouching Tiger, and ride-hailing's slow recovery
Good evening, Tiger Global, the New York-based investment firm, is set for another bumper year in India after investing $677 million in Indian companies—about 20% of its total investments worldwide—in 2020. The company has invested $189 million in six Indian companies already in 2021, and it’s barely March. Meanwhile, ride-hailing is making a slow but […]
Check Point Software brings on board Manish Alshi for India ops
Bengaluru: Check Point Software Technologies has appointed Manish Alshi as the head of channels and growth technologies for Check Point in India, according to a statement by the cybersecurity firm issued Monday. In this role, Alshi will oversee the company’s channel ecosystem in India and the SAARC region as well as lead channel business growth […]
AI startup Argoid raises $1.7 million in seed funding
New Delhi: Argoid, an AI-driven streaming media personalisation platform, has raised $1.7 million in a seed funding round that was led by YourNext Capital, an early-stage fund focused on deep-tech and enterprise segments. Turbostart and Team Launchpad.vc—an affiliate of Rock Mountain Capital and Catch NYC—also participated in the fundraising. The Artificial Intelligence (AI) startup will […]
Tech Mahindra says SC dismissed ED petition on attaching FDs in Satyam case
The Supreme Court has dismissed a petition by the Directorate of Enforcement (ED) to provisionally attach fixed deposits worth Rs 822 crore of the erstwhile Satyam Computer Services, according to , which acquired the fraud-hit Hyderabad-based IT services provider in 2009. The ED had provisionally attached the fixed deposits in 2012 under the Prevention of […]