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News

StanPlus raises $1.1 million funding led by Kalaari

Fund to augment operations, expansion and innovations StanPlus, a Hyderabad based medical transportation startup secured a funding of $1.1 million seed funding for a minority stake, according to a press statement. This fund will help continue its aggressive scale-up in the rapidly growing medical transportation industry in India. The latest round of investment is being…
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Ola raises $1.1 billion led by Tencent

Ola looks to get another $1 billion Ola, India’s largest ride-hailing application has recently closed a $1.1 billion round of financing, led by Tencent, a Chinese internet conglomerate. Salient points of the story: . Ola said that it is in “advanced talks with other investors to close an additional $1 billion as part of the…
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UC Berkeley sets up Smart City co-innovation lab

Smart City project gets yet another kick! The University of California (Berkeley) plans to set up a smart city co-innovation lab in New Delhi. This move is aimed at providing an accelerator program for young entrepreneurs. Here are the salient features in a nutshell: . The accelerator lab will be launched in India in collaboration…
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Another harassment for Uber!

Uber faces another setback! Travis Kalanick hits the headlines once again. Although Uber has been expanding its empire at the national level, yet globally it seems to be at a loss. As per a recent report by Bloomberg, the startup and its ex-CEO were sued by investors for scandal-related losses. Here are the salient features…
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More cricketers make entry in the startup space

Chris Gayle opens his innings in the startup track After Dada and Yuvi, it’s Chris Gayle now. Gayle has taken up a majority stake in an augmented reality(AR) startup FlippAR. Company founder Vivek M. Jain disclosed this in an interview. The cricketer would be a board member in the Bangalore-based startup and be its brand…
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DIPP to rank states on startup ecosystem

Hey startups! Here’s some good news for you! The startup galaxy gets a pat from the Centre as it takes an initiative to rank states and union territories. This would be on the basis of measures being taken by them to promote budding entrepreneurs, as per Government reports. “We have discussed the initial framework. Soon,…
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