China invites Indian startups for business! Ghizou, a mountainous province around south-west China has signed a memorandum of understanding (MoU) with the Indian government and Nasscom so that Indian entrepreneurs could build businesses there. This province has offered around 40 projects that the Indian startups could choose from. Gagan Sabharwal, director, Global Trade Development, Nasscom,…
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Union Ministry boosts Indian startups
Startups to get MPLADS now! Check out! The startup space has gained momentum with Commerce and Industries Minister Nirmala Sitharaman approaching the Members of Parliament(MPs) to help set up incubators and co-working spaces in their respective constituencies. She has written a letter to the MPs, asking them to utilise the Members of Parliament Local Area…
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Wegan Foods Raises Fund From Royal Family
Yet another food major grabs funding Wegan Foods, a Mumbai-based food startup has raised an undisclosed sum in funding from Her Highness Sheikha Arwa Al Qassimi, a member of the royal family of Sharjah and Ras Al Khaimah. Wegan Foods is soon to launch a range of healthy, dairy-free, pantry staples for the growing vegan community in India. Wegan Foods was founded…
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OneAssist raises $18 million in series C funding
Tech startup OneAssist receives investment OneAssist Consumer Solutions - a company that provides assistance and protection services to customers in areas of everyday dependencies such as wallets & cards, mobile phones and gadgets, on Friday announced it has closed an $18 million Series C funding. The investment round was led by existing investor Sequoia Capital with…
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Indian startups continue to woo Chinese investors
China- the mecca for Indian startup investment China has emerged as one of the fastest-growing sources of Foreign Direct Investment (FDI) into India – it was the 17th largest in 2016, up from the 28th rank in 2014 and 35th in 2011, according to India’s official ranking of FDI inflows. Key beneficiaries of this trend include the…
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Startups to secure Rs 2000-cr funding from Cabinet by July
Startups to get funding by the Union Cabinet Expectations are high that the Union Cabinet might approve a kitty of around Rs 2000 crore credit guarantee fund by July-end in a move to provide funding facilities to startups, according to a top official on Monday. Ramesh Abhishek, Secretary, DIPP, said that the fund would be…
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