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INR 100 Cr start-up to be set by the Punjab Government to boost MSMEs Entrepreneurship

IKG Punjab Technical University.

The start-up fund will be set up in collaboration with IKG Punjab Technical University. On December 6th, The Punjab Government reportedly announced its plan to come up with an INR 100 Cr start-up fund for supporting the Micro, small and medium enterprises (MSME) sector and entrepreneurship. CM Amarinder Singh made the announcement at the two-day Progressive Punjab Investors Summit 2019. …

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Wipro Ventures announces closing $150 Mn Fund II for investing in start-ups

Wipro Ventures announces closing $150 Mn Fund II for investing in start-ups

For the renewal of its commitment to start-ups, closing of $150 million Fund II have been announced by Wipro Ventures on January 16. The investment arm of Wipro Limited have reportedly shared that they are willing to continue investing in early to mid-stage companies. Wipro has plans to fund start-ups that build innovative enterprise software solutions covering key areas which …

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Existing investors help Elara Technologies raise $70 Million

Elara Technologies raise $70 Million

On 6th January, a raise of $70 million has been announced by Elara Technologies, a Singapore-based real estate tech and advisory company which owns, Makaan. Com, PropTiger.com and Housing. Com. The fund is has been reportedly gained from its existing investors NewsCorp and Rea Group. As per the media, the company has stated that it will use the raised amount …

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“Odoo had automated businesses of 1200 customers in India”

“Odoo had automated businesses of 1200 customers in India” We are into the domain of ERP from last 16 years. We started this company headquartered in Belgium and in India we have our office at Gandhinagar Infocity managed by Mantavya Gajjar. We are expanding our team from 120 employees to 500 employees. We are into the domain of business automation. …

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With the B2B Fintech Funding India leads this new year

With the B2B Fintech Funding India leads this new year

  As the Christmas and New year leaves get over, Venture Capitalists are gradually coming back from a bit of a break in the B2B FinTech funding front. While this week witnessed lesser funding deals on the analysts, books pointed towards a busy year for investors, especially in India. According to certain reports citing Tracxn data, the country saw about …

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Drone start-up Flytbase likely to invest its funds in maturing drone adoptions

Drone start-up Flytbase likely to invest its funds in maturing drone adoptions

The raise of an undisclosed amount of seed funding have been announced by Pune and Silicon Valley based drone start-up, FlytBase on December 20. This funding is arranged from US-based early stage venture capitalists and angel investors. These seed funds will be used by the company to get their drone adoptions matured from Proof of Concepts (PoCs) and pilots to …

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Quantiphi, a Deeptech start-up raises $20 Mn from Multiples Private Equity

Quantiphi, a Deeptech start-up raises $20 Mn from Multiples Private Equity

According to an announcement made by Deeptech start-up Quantiphi, it has raised about $20 Mn (INR 142 Cr) from Multiples Alternate Asset management -the private equity firm led by Renuka Ramnath. Quantiphi headquartered in Boston also has its branches in Bengaluru and Mumbai. It will be reportedly utilising the funds to expand its presence further in North America and Europe, …

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Global freight forwarder Flexport increases team efficiency by 50% with Hiver

Global freight forwarder Flexport increases team efficiency by 50% with Hiver

Flexport, a leading freight forwarding and customs brokerage company in the US, deployed Hiver, a SaaS based email collaboration solution for teams, to increase productivity across the firm. With Hiver, Flexport  handles emails in 50% less time than before. Hiver has transformed Gmail into a powerful collaboration tool enabling teams to easily manage shared email accounts,  resulting in faster response …

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Bizongo (SmartPaddle) becomes the fastest growing tech company in India

Bizongo (SmartPaddle) becomes the fastest growing tech company in India

A company called Bizongo (Smartpaddle) which is involved with solution of packaging design and challenges around development and procurement with a technology-enabled platform has been reportedly declared as the clear winner of Deloitte TechnologyFast 50 India Program. Through this program, Deloitte aimed to rank the fastest growing technology companies in India on the basis of their percentage revenue growth in …

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100X.VC to Support 100 Startups through i-SAFE Notes

100X.VC to Support 100 Startups through i-SAFE Notes

100X.VC has announced its plan to invest in 100 Indian start-ups every year. The idea primarily is to build a strong deal flow of seed funded startups by simplifying investment documentation using i-SAFE notes. The 100X.VC fund is sponsored by Mehta Ventures, the Family Office Investment arm of Sanjay Mehta, to nurture innovative ideas that add value and bring solutions …

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