India and Israel relations intends to bring business in India! The first meeting of the India-Israel CEO forum was attended by PM Naredra Modi and his Israeli counterpart Benjamin Netanyahu in Tel Aviv. The meeting saw the launch of India-Israel start up bridge and signing of 12 strategic MOUs worth $4.3 bn according to Ficci. To…
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Indian startups have a potential of $25bn by 2025, says Nasscom
Awesome Indian startups News ! According to a Nasscom and global software firm Accenture report released on Wednesday, a cumulative cross-border investment of $25 billion into Indian and Israeli startups could generate a revenue of $25 billion by 2025. To quote the report,"$25-billion cross-border investment into Indian and Israeli startups can create 25 world class…
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Snapdeal declines $700-750 million buyout from Flipkart
Another major setback for Flipkart and Snapdeal ! This deal has seen troubles from the beginning. However, the final settlement and fate of the deal will depend on negotiations between SoftBank Group Corp. and Tiger Global Management, two largest shareholders in Snapdeal and Flipkart respectively. SoftBank has been aggressive in pitching for a sale since…
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Nilekani and Aggarwal set up ‘Fundamentum’
Startups to get support from Fundamentum Nandan Nilekani mentioned that he would stop investing personally in startups beyond 12 he has already invested in and will invest further through Fundamentum only. The fund, however shall not invest in financial or education technology. To quote him further, “I have been doing investments for the past few…
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Reliance Capital arm invests into Billionloans
Reliance Capital expands its consumer lending business Billionloans Financial Services (Billionloans) on Monday announced that it had closed a seed funding round of approx. Rs 7 crore (US$ 1 million) from Reliance Corporate Advisory Services Limited, a wholly-owned subsidiary of Reliance Capital, according to a company press statement. V Balakrishnan, the ex-member of the Board…
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TransStadia to invest Rs 525 crore over three years
Here's a sports company with some uniqueness :TransStadia With a vision to make a difference to the sporting fabric of India, Udit Sheth founded India’s leading urban sports infrastructure company – TransStadia. It started construction of its 1.4 miosqft project in central Ahmedabad’s Maninagar and launched its first PPP world-class arena in Ahmedabad in Oct…
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