Search Result for : Start Up

PTI A London-based start-up co-founded by an Indian-origin entrepreneur has been valued at more than $1 billion after raising $ 502 million from Japan's SoftBank this week in one of the UK's largest venture capital deals. Improbable, a virtual reality tech firm, was co-founded by Herman Narula with a Cambridge University friend in 2012. SoftBank's investment in the firm, which uses cloud-based computing to create virtual worlds for use in games as well as large-scale simulations of the real world, is said to be the largest ever funds injection in a European tech start-up. "This investment will allow us to take the big, bold steps needed to fully realise our vision. This investment reflects the potential size and ...

Sheela Mamidenna The new revolution unleashed by the combination of healthcare and technology is one that India is in dire need of. While India’s public healthcare expenditure is abysmal compared to China, whose population India is expected to surpass in the next 20 years, the country simply doesn’t have the professional or infrastructural capacity to deal with the growing incidence of cardiac problems in its population. There has been a visible change in the Indian healthcare sector with renewed thrust from the government and a change in the needs of the people leading to an increase in healthcare services and products. But given the size and population of the country, the renewed thrust needs to be meted out with speed and action ...

Sneha Gilada Demonetisation has created the need for a shift to digital transactions, its surprise element depriving cash of the security and confidence it once enjoyed as a legal tender. Fintech startups have drawn enormous benefits from the Centre's mission of less-cash India. One such startup is Paynear that offers a one-stop affordable solution for vendors who want to accept payments digitally. Dearth of POS manufacturers in India has led to Indian POS device sellers like Paynear importing the hardware from countries like China. The recent exemption in custom duties on these devices, until the end of March 2017, has led to pricing benefits and subsequent burgeoning of demand. But there are concerns regarding such a measure proving detrimental to 'Make in India', in the long run. Currently, India, with a deployment of only 15 lakh POS machines, ...

The Dollar Business Bureau Infosys has invested $62 million in start-ups related to automation, IoT and drones. To encourage entrepreneurs who provide innovative solutions in areas related to the core business of Infosys, it started an innovation fund in 2015. The size of the fund is $500 million, which is meant to support upcoming ventures in the IT arena. “The startup world is incredibly exciting. We have been investing in companies there. We have been bringing these companies to our clients, and that rate at which we bring these companies to clients is just exploding,” Infosys CEO Vishal Sikka said. The Infosys Innovation Fund supports numerous startups like Stellaris Venture Partners, UNSILO, TidalScale, Cloudyn, Trifacta, Waterline Data, WHOOP, Cloud Endure, ANSR Consulting, Airviz Speck, Vertex Ventures and Nova. Consulting, video making, cloud storage, sports team ...

Govt is making sincere efforts to promote MSMEs through programmes like SIDBI Make in India Soft Loan Fund for Micro Small and Medium Enterprises (SMILE), says G Sampath Kumar, General Manager, SIDBI Sai Nikesh D | The Dollar Business  P. Uday Kumar, Director (P&M), NSIC, N. K. Chari, Deputy Managing Director (COO), SBI, G Sampath Kumar, General Manager, Small Industries Development Bank of India(SIDBI), during GSW in Hyderabad on Tuesday   In line with government’s focus over small-scale enterprises and promoting start-ups, Global Start-up Workshop (GSW) is being held in Hyderabad between March 21-23, 2016. The event is being organized under the prime aegis of the Ministry of Micro Small and Medium Enterprises (MSMEs) with public sector units like National Small Industries Corporation ...

Source: PTI The Prime Minister said his government began to liberalise FDI laws soon after coming to power last year and the latest round of FDI reforms have made India the “most open economy” in the world   Promising more reforms to make India more attractive for foreign investments, Indian Prime Minister Narendra Modi on Tuesday assured investors that he would “carefully hold” their hands and expressed hope that the GST regime would be rolled out in 2016. Speaking at the India Singapore Economic Convention in Singapore, Modi said India is exploring a potential partnership with Singapore's Changi Airport for developments of two Indian airports and invited companies in Singapore to join in building smart cities. “In the last 18 months, the ...