Press Release

In past few years there has been an quite a good emergence of 170 Augmented Reality (AR) and Virtual Reality (VR) startups in India, 60% of which launched in the past 24 months. Bengaluru takes the lead, attracting 27% of these startups, followed by Delhi at 25% and Mumbai...

Yoga Guru Ramdev's Patanjali Ayurveda, after making headway into several markets, is planning to enter the e-commerce industries, reported Economic Times.The company will be tying up with up to eight big e-commerce giants, including Amazon and Flipkart.SK Tijarawala, Ramdev's spokesperson, said in a tweet, "Patanjali Ayurveda has started...

Capillary Technologies, one of India's few blue-eyed startups launched along with Flipkart in 2008, is on verge of raising a fresh round of funding, estimated at around $30 million, reported Economic Times.The funding round is expected to take place in February.The report further stated that the...

Six months after getting $500 million government approval for food retailing in India, e-commerce giant Amazon is all set to sell locally made food items through a wholly-owned subsidiary from March in India, according to a report in Economic Times.At the same time when Amazon India got...

Japanese investment and consulting firm Dream Incubator, which made its India debut by investing in 99Games, an Udupi-based gaming startup, in January 2017, is now is in the process of launching a 5 billion yen ($44.3 million) to invest in Indian tech startups, according to a report in...

Digital payments gateway PayU India, which is backed by South Africa's Nasper, is shutting down its mobile wallet-- PayU Money-- and will focus on its credit-based product LazyPay to push its consumer facing business, reported Times of India.PayU will be closing down all the services of PayU Money...

Paisabazaar, an online portal & mobile app for comparing financial products, has raised around ₹200 crore from its parent company EtechAces, which also runs insurance products aggregator Policybazaar.Naveen Kukreja, Chief Executive Officer and co-founder of Paisabazaar, told BusinessLine that the funds will be used to scale up the lending...

In 2016, a report on Indian startup ecosystem presented by Nasscom along with Zinnov revealed that only 9% of Indian founders or co-founders are women.Now with the beginning of fresh year, Minister of State (I/C) for Micro, Small and Enterprises, MSME Minister Giriraj Singh informed in a written...

A hand full of startups in India are working on things to fight climate changen and one of them is Hyderabad-based plastic recycling startup Banyan Nation, which today announced, that it has been shortlisted for The Circular Economy awards at the World Economic Forum to be held...

After launching its India operations last month, China's Ofo, the world’s first and largest station-free app based bike-sharing platform, has signed a memorandum of understanding (MoU) with the Pune Municipal Corporation (PMC) to support the Pune Cycle Plan -- a comprehensive bicycle master plan for integrated city-wide cycle...