Tata’s $300m venture fund plans to invest in startups
Mumbai-bred Turakhia brothers turned billionaires as a group of Chinese investors acquired their ad tech startup Media.net for $900 million in cash, in what would be the third largest deal in the industry. The newly set up RNT Capital Advisers, a venture fund launched by Tata Sons chairman emeritus Ratan Tata, will deploy $300 million […]
ONGC launches Rs 100 crore start-up fund to ignite new ideas
ONGCBSE 0.87 % has launched a Rs 100 crore start-up fund on its Diamond Jubilee year to foster, nurture and incubate new ideas related to oil and gas sector. The initiative, christened as ‘ONGC Start-up’, is in line with the government’s initiative ‘Start-up India’. As part of this initiative, ONGC will provide the entire support […]
Qualcomm Commits Up To $150 Million to Strategic Venture Fund in India
Qualcomm Incorporated QCOM, +0.51% today announced its intention to invest up to $150 million in Indian startup companies across all stages as part of its commitment to India during a meeting with Prime Minister Narendra Modi at the Digital Economy event in San Jose. Qualcomm Ventures will advise and direct Qualcomm’s activities with respect to […]
Indian Aaruha Technology Fund for start-ups launched
Budding entrepreneurs now have one more source of support, with the launch of Aaruha Technology Fund by StartupXseed, a seed-funding company, here on Thursday. B.V. Naidu, Managing Partner, StartupXseed, said the key differentiator was that the funding comes along with strategic support, mentorship and exposure to venture capitalists (VCs), so that the start-ups can graduate […]
Is state VC funding becoming the name of the game in emerging economies?
The Indian government this week launched a much awaited venture capital (VC) fund. Dubbed the India Aspiration Fund, the 20 billion rupee fund (US$306-million) will operate as a fund-of-funds administered by the Small Industries Development Bank of India (Sidbi). Life Insurance, India’s biggest insurance company, will be a co-investor in the fund, which will then […]
Accel launches $305 million Indian start-up fund
Accel Partners, the venture capital firm that has backed the likes of Facebook and Flipkart, is launching a $305 million India-focused fund to capitalize on the country’s favorable conditions for start-ups. The investment is almost double the size of Accel’s last such fund — launched in 2011 — and will target technology businesses in the […]
India to set up venture fund, incubator complex for biotech startups: CM – The Hindu
With an assurance to set up a venture capital fund and an incubator complex in the city for start-ups in the biotechnology sector, Chief Minister Siddaramaiah launched the 15th edition of the Bangalore INDIA BIO here on Monday.The three-day event will see seminars, discussions and conferences by nearly 110 speakers, with delegations from more than […]
Top colleges like Stanford University and Ryerson look to engage deeply with India’s start-up ecosystem
BANGALORE: Top colleges like Stanford University and Canada’s Ryerson, which have been running startup programmes in India, said they are looking to engage more deeply with the startup ecosystem in the coming future.
India Sets Up $1B Innovation Fund
The Indian government has outlined a plan to set up Rs.5,000 crore (nearly $1 billion) fund to facilitate innovation and entrepreneurship, top official said Thursday. The government would initially contribute $20 million (Rs.100 crore) to the India Inclusive Innovation Fund. The remaining amount would come from scheduled banks, insurance companies, financial institutions, corporates, high net […]
New Delhi VC fund focuses on Dalit entrepreneurs
Parliament Street in New Delhi leads to some of the biggest banks in India — the Reserve Bank of India, the State Bank of India and the Standard Chartered Bank. Tomorrow, this road will be open to a new set of faces.