Beijing: The country’s growing fascination with the U.S. pioneer’s sleek designs and cutting-edge technology is giving a string of second-wave home-grown Tesla wannabes the traction to raise more funding, expand production and boost sales. Chinese EV startups NIO, XPeng Inc, Li Auto and WM Motor have raised more than $8...
Airtel picks Waybeo to its sartup accelerator program
Bharti Airtel on Wednesday said it has picked up a strategic stake in tech startup Waybeo under the Airtel Startup Accelerator Program. “As part of its strategy to scale up its cloud offerings, Bharti Airtel (“Airtel”) today announced that it has picked up a strategic stake in tech startup Waybeo...
Electric vehicle startup PURE EV ventures into global market
Hyderabad: The battery and the vehicle have been designed and developed factoring in the gradient requirements of Nepal, the company said, adding that it has developed "power train" capabilities and efficiency in its vehicles to enhance the user experience in rough terrain. In a bid to expand to other international...
ICICI Bank launched a new offering for start-ups
New Delhi: With an eye on the growing number of start-ups, India’s second-largest private sector lender ICICI Bank on Thursday launched a new offering, iStartup 2.0, for the segment with improved features. Under the programme, ICICI Bank’s customers will get a current account in three variants that will offer additional...
Edtech startup LEAD School raises Rs 210 crore in fresh funding
Mumbai: The company would use the latest round of funding to accelerate the development and rollout of new product offerings, increase its school network in tier 2-3 cities and hire talent across domains. The current Series C round is LEAD School's third round of institutional funding since 2017. Both the...
Flipkart launches its startup accelerator program ‘Flipkart Leap’
Bengluru: Flipkart, India’s homegrown e-commerce marketplace, today announced the launch of ‘Flipkart Leap’ — the company’s first startup accelerator program to help new and upcoming startups grow, scale, navigate challenges and in turn contribute to India’s growing entrepreneurial ecosystem and boosting ‘Start-Up India’. With the call-for-entries beginning today, Flipkart Leap...
Startups see reduced funding due to COVID-19: survey
Mumbai: A recent survey of 250 start-ups has revealed that the COVID-19 pandemic has had an unprecedented impact on the businesses, with 70 percent saying that their business has been impacted, and some others shutting operations. The survey titled "Impact of COVID-19 on Indian Start-ups" conducted by FICCI (Federation of...
Chinese investment in Indian startup increased 12 time in four years
New Delhi: Chinese investment in the country's startups increased 12-fold in the last four years and it increased to $ 4.6 billion in 2019. It was $ 381 million in 2016. Most of the startups (unicorns) with good prospects for growth are supported by Chinese companies and the entire investment...
London named one of the world’s leading startup ecosystems
LONDON: London has one of the world’s most favourable ecosystems to build a globally successful startup according to latest data from Startup Genome’s The Global Startup Ecosystem Report 2020. The UK capital improved on its joint third place in 2019, to tie in second place with New York this year....
Anand Mahindra invests $1 million in tech startup-Hapramp
New Delhi: Mahindra Group Chairman Anand Mahindra has invested $1 million (about Rs 7.5 crore) in Gurugram-based Hapramp, a startup working on technologies like blockchain and social media. The startup was founded in 2018 by five students of the Indian Institute of Information Technology-Vadodara. "Took 2 yrs, but I finally...