Connecting Businesses with Opportunities in India

News You Can Use

PRESS RELEASE

Feb 12, 2019

Contact: Dhanya Balasubramanian | dbalasubramanian19@gsb.columbia.edu | +1 912 342 3375

Top political and business minds to speak at Columbia Business School’s India Business Conference

Influential and insightful voices will be discussing the Future of India and its ability to take the winning leap at an important time for the country

Columbia Business School’s annual India Business Conference is New York’s most premier India-focused event that brings top influencers to congregate on the country’s most important issues. The 15th student-led conference is happening on Columbia University’s Manhattan campus on Feb 23rd, 2019.

This year’s conference will be featuring Ram Madhav, National General Secretary, Bhartiya Janata Party; Doug Peterson, President & CEO of S&P Global; Sanjay Jha, Congress Spokesperson; Dr. Viral V. Acharya, Deputy Governor of Reserve Bank of India; and Dr. Arvind Gupta, CEO of MyGov. Among other confirmed speakers are Prof Raju Narisetti, founder of Mint; Manu Jain, MD of Xiaomi India; Sneha Rajani, Deputy President, Sony Pictures; and Amrish Rau, CEO of PayU India.

The speakers will be covering the future of India from many angles including private equity, technology, early stage entrepreneurship, and value creation through customer centricity. As India is walking into a crucial election time, the theme is apt for discussions on critical success factors for business and governance.

“India continues to lead global economic growth despite being the largest democracy and it is positioned for tremendous growth,” said Pranav Chachra, chair of this year’s India Business Conference. “In this conference, we are bringing influential voices from tech, business, policy, and financial sectors to understand what makes India so unique and discuss how to unlock its massive potential for rapid and sustainable growth.”

The conference attracts more than 400 attendees each year from all walks of life including the student community, Indian diaspora, business world, and development workers. The conference, now into its 15th year, is organized by South Asian Business Association with active contribution by students from Columbia Business School and Columbia community.

The student organizers are extremely excited about the potential impact of this year’s conference - adding to the thought-leadership and developing discussions around the business, social, political, and creative undercurrents that permeate Indian life.

“India is at a critical inflection point with tremendous opportunities ready to unleash the growth, but certain obstacles are holding it back from taking the winning leap. We aim to demystify that at the conference with the tallest thought leaders debating opportunities as well as challenges for the fastest-growing trillion-dollar economy in the coming decade.”, said Tarin Poddar, one of the co-presidents of South Asian Business Association.

More information about the conference is available at this link: http://ibccolumbia.org

Jan 27, 2019

The numbers show that Prime Minister Narendra Modi's social schemes have progressed very well even though they also present future challenges.

The following table created by Dr. Anit Mukherjee who is an adjunct fellow with the Wadhwani Chair in U.S.-India Policy Studies at CSIS and a policy fellow with the Center for Global Development. For complete article, click here

NameProgram ActivityAnnouncedTargetLatest numbers (GoI)Independent Validation
AadhaarBiometric ID number for Indian residentsAug 20141.33 billion1.20 billionMore than 90 percent of India’s population is covered. Source: State of Aadhaar Report 2017-18.
Jan Dhan SchemeOpening bank accountsAug 2014210.6 million210.6 million82 percent of Indians over age 15 have a bank account. Source: World Bank Global Findex Database 2017.
Swachh BharatHousehold toilet buildingOct 2014110 million (2019)91.8 million (98.7 percent of rural households covered) N/A
Ujjwala LPG schemeLPG cooking gas for rural householdsMay 201650 million (2019)60.7 millionProgram well targeted; 90 percent genuine beneficiaries. Source: MicroSave.
SaubhagyaHousehold electricity connectionSep 201724.9 million (Rural)24.4 million (as of January 17, 2019)N/A
PM Awaas YojanaAffordable housingJun 2015Demand driven – not specifiedUrban

 

Sanctioned: 6.88 million
Completed: 1.36 million

(As of January 7, 2019)

N/A

 

 

 

Jan 18, 2018

1. Discovery and rewards platform Magicpin, has raised about $20 million (Rs 141 crore) from investors led by Lightspeed Venture Partners US, at an estimated $100 million valuation.

2. Entertainment ticketing portal BookMyShow has joined Grab's growth stage accelerator program Grab Ventures Velocity to accelerate its growth in South East Asia.

3. Wealth management startup CashRich has raised $1M in equity funding from three UK-based angel investors.

4. Financial services provider Allianz has partnered with ESR Group to establish a logistics investment platform in India, with an immediate equity commitment of $225 million.

5. Strides Pharma Science Ltd's board has approved an investment of $15 million in Stelis Biopharma Pvt Ltd (Stelis), as part of the latter’s $100-million Series B funding round.

6. Roposo, a social platform for sharing photos and videos, has raised Rs 12 crore in a fresh round of funding from Bertelsmann India Investments, reports TechCircle.

7. Job portal Naukri parent has invested Rs 3 crore more in business-to-business footwear firm ShoeKonnect, raising its holding from 20% to 27.27%, as showed in a BSE filing.

Keyphrases: Raising Funds in India, Doing Business in India, Investing in India, Make in India, Startups in India, Raising money in India, find investors in India

Jan 14, 2019

1. Healthcare startup Cure.fit is boosting its mental wellness business Mind.fit with the acquisition of Bengaluru-based mental health platform Seraniti.

2. Mumbai-based industrialist Akshaypat Singhania, is stepping into the startup space, allocating Rs 100 crore towards backing early-stage ventures.

3. Signzy, which provides digital onboarding solution for financial institutions, has secured Rs 24 crore from a clutch of investors led by Stellaris Venture Partners and Kalaari Capital to fuel its expansion plans.

4. Xiaomi has opened more than 500 Mi Stores across villages in India by October 29.

5. Jungle Ventures, Softbank’s DeepCore invest $29.5 mn in software marketplace Engineer.ai

6. Aye Finance, a Gurgaon-based digital lending startup for small and medium businesses, has raised ₹70 crore in debt funding from social impact fund BlueOrchard.

7. BigBasket is expecting 40% of its projected revenue to come in from its private labels.

8. Digital lending app InCred has secured a funding of Rs 300 crore led by founder Bhupinder Singh and its private equity investors like Paragon Partners by Siddharth Parekh.

9. Ola is expanding its operations in the UK with extension of its services in South West England.

10. MakeMyTrip appoints Vipul Prakash as COO

11. Healthcare technology firm CitiusTech is looking to more than double its revenue to $500 million in five years

12. Agritech startup CropIn Technology has raised $8 million in its Series B round of funding from Chiratae Ventures and Bill & Melinda Gates Foundation.

13. DeTech Technologies, a Chennai-based robotics start-up, raised $3.3 million in a Series A funding round led by SAIF Partners.

14. Instagram is finally cracking down on fake followers, likes, and comments generated by applications tailored to make accounts appear more popular than they actually are.

15. Fintech & Big Data Technology Platform Goals101 Expands Operations to Qatar, Middle East

Keyphrases: Raising Funds in India, Doing Business in India, Investing in India, Make in India, Startups in India, Raising money in India, find investors in India

Jan 12, 2019

1. Tata Group begins due diligence to buy Jet Airways from Naresh Goyal

2. On-demand task management app Dunzo is in advanced discussions to raise $25 million (about Rs 183 crore) from investors including Google, reports ET.

3. Ashish Choudhary, EVP and chief business officer of Nokia Networks, may join Apple as its India head.

4. French car ride-sharing app Blablacar had offered to buy Ouibus, a bus operator owned by state rail firm SNCF, and also raised $114 million in funding from investors including SNCF, which will become a shareholder.

5. Alternative financing firm Anicut Capital is looking to raise Rs 1,000 crore for its second and largest fund yet.

6. German business software company SAP has agreed to buy Qualtrics International for $8 billion in cash just before IPO.

7. Tiger Global Management has made its first investment of $3 million in CheckMate.

8. Grocery delivery platform Milkbasket has raised close to $1.37 million (Rs 10 crore) in a fresh round of funding from US-based venture capital firm Mayfield Fund, reports VCCircle.

9. Kolkata-based Monest, a real estate platform that helps consumers search for property agents, share their requirements, and rate them, is in talks to raise Series A round of funding from wealthy individuals and developers, reports VCCircle.

10. DriveU Closes a Mezzanine Round of Rs 7 Cr Led by Stevens Creek Ventures

11. Indian drugmaker Cipla to acquire US-based speciality drugmaker Avenue Therapeutics for as much as $215 million (Rs 1,560 crore).

12. Homegrown private investment firm IndiaNivesh has marked the first close for its maiden turnaround fund, reports VCCircle.

Keyphrases: Raising Funds in India, Doing Business in India, Investing in India, Make in India, Startups in India, Raising money in India, find investors in India

Jan 11, 2019

1. Chinese e-commerce giant Alibaba settled roughly $9.92 billion in the first hour of its annual Singles' Day on Sunday.

2. Twitter is considering adding an edit feature to its service, co-founder and CEO Jack Dorsey said in a town hall event held at IIT Delhi.

3. PwC India is investing of Rs. 100 Cr towards development of digital solutions.

4. Accenture has acquired US-based Intrigo Systems, which offers SAP-based supply chain solutions, for an undisclosed amount.

5. Early-stage venture capital firm Endiya Partners aims to raise Rs 500 crore for its Fund-II

6. Amazon pumps an additional Rs 220 Cr into Amazon Pay

7. Travel meta search company Ixigo has projected gross transactions of $250 million (about Rs 182 crore) by the end of the current financial year.

8. Zomato suspends its first paid subscription service ‘Zomato Treats’, reports Entrackr.

9. Honda Motor is planning to roll out its electric vehicle (EV) in the Indian market by 2023-2024.

10. Malaxmi Group’s Startup Platform The Sedibus has signed MoU with Velagapudi Ramakrishna Sidhhartha Engineering College (VRSEC) to establish their Technology Business Incubator (TBI).

Keyphrases: Raising Funds in India, Doing Business in India, Investing in India, Make in India, Startups in India, Raising money in India, find investors in India

Jan 9, 2019

1. Ride-hailing firm Grab lands $50M from Thailand's Kasikornbank to launch the GrabPay electronic wallet in its sixth Southeast Asian market in 2019.

2. Alibaba Group's newly formed on-demand online services unit has rocketed in value to as much as $30 billion after raising $4 billion in fresh funds, reports Reuters.

3. Used car marketplace Spinny is in talks to raise $10-15 million from Accel Partners and Sequoia Capital, reports DealStreetAsia.

4. Amazon has introduced its audiobooks streaming service – Audible in India.

5. IT services firm Mphasis has acquired Virginia-based cloud technology services company Stelligent Systems LLC in an all-cash deal valued at $25 million.

6. Digital gaming startup Mobile Premier League (MPL) recently closed a $5-million Series A round of funding from angel investors.

7. Singapore-based boutique venture fund RB Investments has invested a little over $1 million for a 28 per cent stake in Jaipur-based meat retail chain operator A&R Bon Vivants which runs a chain of stores under the brand name Let’s Meat.

8. US-based business and financial software company Intuit is looking to tap the growing startup community in India, to expand their business along with the mid-market.

Keyphrases: Raising Funds in India, Doing Business in India, Investing in India, Make in India, Startups in India, Raising money in India, find investors in India

Pages