Amid solar energy and manufacturing buzz, a Chinese firm LONGi Green Energy Technology Co is in talks with the Indian government and planning to set up a solar equipment manufacturing facility in India. In an attempt to boost its domestic manufacturing,...
Indian government has asked detail plan from tech giant about its investment and job creations in order to felicitate Its purposed manufacturing unit. The decision will be taken up after considering the magnitude of benefit it will add in Indian...
US carmaker Ford, which last month partnered with Indian auto major Mahindra&Mahindra to explore joint working in product development and electric mobility, said they need a stable and predictable policy from the Indian government to make the investment and...
Rising aspiration in the world’s second most populous country is driving demand in almost all the sectors from electronics to internet market, attracting developed markets to invest in the country. Looking at India’s growing market, which is predicted to grow...
Self-drive car rental company Zoomcar has partnered with Mahindra group's e-vehicle arm to roll out 20 e2oPlus, Mahindra’s all-electric smart car in the city of Hyderabad. Mahindra Finance will also help Zoomcar to procure loans for electric vehicles. Zoomcar, which is...
India's electric car maker Mahindra and Mahindra (M&M) is planning to make electric variants of almost all of its passenger vehicles. “Almost all passenger vehicles in Mahindra’s portfolio will have an electric variant. Plans for the electric Scorpio and XUV...
Noida-based weather forecaster and agri-risk solutions provider Skymet Weather Services has raised funds in its Series-C round from German government’s InsuResilience Investment Fund by selling 26.8% stake. Skymet is currently backed by venture fund Omnivore Partners and DMGT, a global...
During Myntra’s ‘End of Reason Sale (EORS)’, between 22 and 25 December, the fashion e-commerce platform claims to have registered over 1.7 million people purchasing 5 million products during the four day sale period. This was 7th edition of the...
After Amazon India, on-demand online grocery firm Grofers has received DIPP (Department of Industrial Policy and Promotion) approval for food retail in India. Following the nod from the government, the Gurugram based company intends to invest $40 million in its food...
Android phones gather your location data and send it to Google, even if you’ve turned off location services and don’t have a SIM card. It’s a practice that customers can’t opt out of, even if their phones are factory...
Smaaash Entertainment, a sports-based entertainment company co-owned by cricketer Sachin Tendulkar has raised Rs 25 crore from consumer companies-focused investment firm Sixth Sense Ventures. Nikhil Vora, who heads the venture capital firm Sixth Sense, has joined the company’s board of...
Reliance Jio Infocomm (RJIL), a subsidiary of Reliance Industries Limited, has signed binding definitive agreements for the acquisition of specified assets of Reliance Communications (RCOM) and its affiliates. The transactions will close in phases, between January and March 2018. Jio will...
The revolutionary concept of Uber, as claimed by the former CEO Travis Kalanick, disrupted the cab market as never before. Riding on new-age technologies, the company has created a large network of over a million driver in 75 countries;...
Karnataka government is going to launch public wifi hotspots service in Bengaluru on the upcoming Republic Day. The facility will be further expanded in 11 municipal corporations over two months. Bengaluru will have about 5,000 public hotspots before the Assembly...
Tiger Global’s managing partner Lee Fixel has stepped down from the board of ride-hailing behemoth Ola. The US-based investment firm owns a significant minority stake in the Bengaluru-based company. According to a VCCircle report, Fixel had resigned somewhere late...
Former SoftBank President Nikesh Arora, who was once considered heir to SoftBank empire, said the next market which holds great potential in the world, is India. "If China could be so successful with over a billion people then may be...
Cloud-based startup Get My Parking, that uses Internet of Things (IoT) for its smart parking platform, has raised $3 million funding from BEENEXT, IAN Fund and Indian Angel Network. The 24 months old Delhi-based startup has previously raised fund Rs...
Mumbai-based StyleCracker, a fashion styling platform that connects women with designers for advice on fashion and styling trends has raised funds in its pre-Series-A round from Bollywood actress Alia Bhatt along with a consortium of investors. Bhatt will hold a...
One97 Communications, the owner of Paytm and its founder Vijay Shekhar Sharma have together invested Rs 122 crore in Paytm Payments Bank, taking their total fund infusion to Rs 400 crore as of date. Company’s CEO Sharma has put in...
In a major push to cryptocurrency, SBI (State Bank of India) plans to roll out beta launches of blockchain-enabled smart contracts by next month. Blockchain-enabled KYC (Know Your Customer) will soon follow the suit. These applications are part of BankChain,...
Soon startups and entrepreneurs across the country can seek help from Karnataka government to run their startups. Taking Karnataka startup policy to the national level, the state government is all set to fund tech-focused startups by asking them to...
To help e-commerce marketplace Flipkart maintain its leadership positing against its rival Amazon in India, Softbank Vision Fund is planning to pour in $2 billion into the home-grown e-tailer. Half of the funding will go to Tiger Global Management, which...
Hyperloop India has announced the partnership with crowdfunding platform Ketto to raise funds. Ketto will start an online campaign from late evening under the title 'Join the Loop' to invite contributions from all over the world, reported PTI. The transporting...
Capital market watchdog SEBI (Security and Exchange Board of India), is all set to release its norms for crowdfunding channels across country, aiming that large firms and institutional investors to fund money via this channel, ask such investors to...
Bengaluru-headquartered MyGubbi, a fast growing online home interior decor and furnishing startup has raised $2.7 million in pre-series A funding in a round led by the family office of Firoze Irani; Vipul Parekh, co-founder of BigBasket; Ananda Kallugadde, co-founder...
Fireside Ventures has secured venture capital fund from some of Indias top businesses, including promoter Azim Premji's PremjiInvest, consumer goods maker Marico's Mariwalas and RP-Sanjiv Goenka Group
The two top online retailers Flipkart and Amazon are in a close fight in the e-commerce sector in India. While Flipkart holds sway in tier-II and tier-III cities, Seattle-headquartered Amazon takes a lead in metro cities, according to the...
Mumbai-based enterprise loyalty and consumer rewards platform, EasyRewardz has closed a $2-million series-A round of financing led by TransContinental Venture Fund, existing angel investor Jitendra Gupta, managing director PayU and Vinay Chatlani, managing director at Soch. Earlier, EasyRewardz had raised...
Escalating the further competition among payment players, Amazon Pay is set to make the battle fierce in India. The company plans to sign up government institutions such as electricity boards and insurance companies to create use cases for Amazon Pay outside its online...
This week 19 startups received funding, out of which 11 were disclosed, who in total made a sum of $242.01 million. Among them Janalakshmi Financial raised highest investment of $161 million, followed by Ecom Express, which raised about $30...
Fairfax Financial Holdings is reportedly in advanced talks with Infibeam, India’s only listed and profitable e-commerce company, to pick up a minority 10-12 per cent stake for around Rs 1,200-1,500 crore. Following the development, the Infibeam rose 1.98 per cent...
Google is all set to make an entry into crowded payment space with its own payment product Google ‘Tez’ on September 18. According to a report by The Ken, it is likely to be as similar as company’s global...
Micro, small and medium enterprises (MSMEs) lender Aye Finance has raised Rs 44 crore rupee-denominated debt from the Netherlands-based Triodos Bank's wholly owned asset management subsidiary Triodos Investment Management. This is the second round of funding for the Gurugram-based company...
Chai Point, a Bengaluru-based tea chain startup, is exploring the possibility of entering into alliances with local partners in China, which is ahead of India in terms of infrastructure and purchasing power when it comes to tea cafes. Chai Point,...
Grocery continues to be a high priority vertical for online behemoths Amazon and Alibaba. To dominate the market share in grocery space, both companies have been talking to Bigbasket and Grofers for investments. According to latest ET reports, Alibaba-backed Paytm...
Ride-hailing major Uber is reportedly relaunching its AUTO service in India, almost two years after shutting down the offering in March 2016. Starting with Bengaluru and Pune, the ride-hailing behemoth will allow customers to book autorickshaw on its platform...
This week 19 startups received funding, out of which 14 were disclosed, who in total made a sum of $330.55 million. Among them, Flipkart raised highest investment of $156.2 million, followed by HighRadius, which raised about $50 million. Meanwhile, five...
Yoga guru Baba Ramdev-led Patanjali Ayurved is now eyeing the online space to increase the sales of its FMCG products. The company will tie-up with all the major Indian online retailers such as  Amazon, Flipkart, Paytm Mall, 1MG, bigbasket,...
Economic growth, rise in purchasing power and changing lifestyles have led to the emergence of many new markets in India - and the country’s domestic travel market is one such. India's domestic travel market is expanding and expected to reach...
Gurugram-based SpotDraft, an online generator of contracts and invoices, has secured $550,000 from venture capital firm Hunch Ventures. The seed funding round also saw participation from Japan-based Spiral Ventures, 500 Startups, Singapore Angel Network, and Citrus Payments and Cube founder...
Mining baron Anil Agarwal of Vedanta, the world's sixth largest diversified mineral resource conglomerate, is planning to launch a venture capital fund worth $1 billion to help young Indian entrepreneurs in the natural resources space. Anil Agarwal is the latest...
After Whatsapp, Facebook is now looking to woo Indian businesses through its Messenger app. As per a recent report by FactorDaily, apart from collaborating with marketers and advertisers to drive business growth via social media, the company is looking to...
Bengaluru-based payments platform Cashfree has got $120,000 in seed funding from US-based startup accelerator Y Combinator, after the startup was selected for its Summer 2017 batch. The fintech firm plans to use the funding for product development, hiring more individuals, strengthening...
After H-1B visa, the Trump administration is once again going to rattle the technology industry – and this time, startup industry will receive the blow. The US government is planning to cancel a program that would allow foreign entrepreneurs who...
After dockless concept in bicycle segment, motorbike rental aggregator Wheelstreet India has launched a dockless bike commute platform for their users. Dockless commute provides Point A to Point B transportation without any human intervention. The user will now be able...
After the launch of online lobby group Indiatech.org, former IAS officer and economist Gyanendra Badgaiyan has joined as the CEO of the organization, according to ET. The think-tank and lobby group is expected to start staffing up after Badgaiyan formally...
Two weeks later, Chinese phone maker Xiaomi Sunday announced that it is planning to invest around $1 billion in the Indian startup ecosystem over the next five years, according to the Mint report. Xiaomi and its sister company Shunwei...
Caller ID service platform Truecaller has announced that it is slated to introduce a slew of new features such as Number Scanner, Scan & Pay and Fast Track numbers on its platform. Truecaller’s Number Scanner will allow users to scan...
Going one step ahead, Chinese e-commerce giant Alibaba Group Holding has got approval from the CCI (Competition Commission of India) to acquire a stake in Bengaluru-based e-grocer BigBasket. Alibaba and BigBasket are in talks to square a deal of over...
A Noida-based business-to-business (B2B) marketplace Moglix has raised $12 million Series B from IFC (International Finance Corporation, a wing of World bank) and Rocketship.vc, a San Francisco-based venture fund. Existing investors of Moglix, including Accel Partners, Jungle Ventures, former vice-president...

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