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Feb 23, 2019

1. Sequoia Capital India is launching a startup accelerator and incubation programme called Surge where it will pick up 10–20 early stage startups twice every year and invest $1.5 million in each of them at the start of the programme.

2. Microsoft's Bing search engine goes offline in China

3. Ayurvedic healthcare and wellness startup Kapiva Ayurveda has received capital commitments of Rs 17 crore from Fireside Ventures and 3one4 Capital among others.

4. Google India spent Rs 1,100 Cr on media investments in 2018, reports ET.

5. Cars24, an online marketplace for buying and selling used cars, is the latest to join NBFC license line in India.

6. In its latest filings with the Registrar of Companies at the Ministry of Corporate Affairs, Rivigo revealed a 76.4% increase in revenue from Rs 408.11 crore in FY17 to Rs 719.85 crore in FY18. The losses, more than doubled in the latest reported fiscal from Rs 123.45 crore to Rs 270.23 crore.

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

Feb 21, 2019

1. Foodtech startup FreshMenu, has raised Rs 11.7 Cr in a Series B1 funding round led by Lightspeed Ventures

2. Mutual fund investment platform Groww has raised $6.2M in a Series A round of funding led by Sequoia Capital.

3. Automobile repair and service solution startup GoMechanic has reportedly raised Rs 30-35 Cr in a Series A round led by Sequoia Capital.

4. M1xchange, a digital invoice discounting platform for MSMEs, has raised an undisclosed amount of funding from Mayfield India and SIDBI Ventures.

5. Early stage investor Kae Capital is raising a ₹100 crore add-on fund to invest in portfolio companies of its first fund, founder and managing director Sasha Mirchandani said in an interview to Mint.


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

Feb 19, 2019

1. Kalaari Capital has added three new venture partners in its leadership team as it gears up to raise a $200-million fourth India-dedicated fund this year.

2. Women-only community platform Sheroes has acquired Bengaluru-based women’s health app Maya in an all-stock deal.

3. Oracle is set to launch its first India data centre later this year

4. Peer-to-peer (P2P) lending startup LiquiLoans has raised Rs 12 crore in a pre-series A round from investors led by Matrix Partners.

5. OYO has been in talks to acquire Innov8, a co-working company with presence in four cities in India, reports Entrackr.

6. Car maker Maruti Suzuki on Monday launched a program - Mobility & Automobile Innovation Lab (MAIL) to tap into the start up world and promote innovation in India for automobile and mobility space.

7. Bounce, a bike and scooter rental platform has raised over $7 million in Series B round from Chiratae Ventures, Accel India, Sequoia India and On Mauritius.

8. Flipkart promotes Rishi Vasudev to head Myntra-Jabong's fashion & lifestyle categories

9. ITI Growth Opportunities Fund, which invests in early-stage startups, has made its first investment in RevOS, an operating system for electric vehicles.

10. ShareChat has reportedly Banned 50K Users As Part Of Clean Content Drive

11. Infibeam Avenues has entered into a binding agreement to sell its subsidiary Infinium India to Ingenius E-commerce for Rs 60 crore.

12. Health tech startup Optra SCAN will be investing Rs 50 crore towards a new manufacturing set up for its digital pathology solutions.

13. Tamil Nadu Govt Launches Startup Policy on Jan 19th, setting up a startup fund, to be called Tamil Nadu Startup Fund of Funds, with a corpus of Rs 250 Cr ($21 Mn) for investments in startups.

14. Gastrotope, the agrifood startup accelerator founded by Taizo Son’s Mistletoe, Rajesh Sawhney, and Infobridge, has picked five startups for its first cohor - Brown Foods, Credible, Fasal, Occipital Technologies & Triton Foodworks.

15. Hitachi Payment Services (HPSPL) will purchase a 26% stake in SBI Payment Services (SPS) by investing between Rs 1,250 crore and Rs 1,500 crore.

16. Meenakshi Group Sets $10M ‘Meenakshi Multiples’ Start-up Fund, Announces first investment by picking up a 6% equity in Hyderabad based co-working venture ‘iKeva’

17. Used Car Marketplace Truebil Raises Rs 100 Cr in a Mix of Equity & Debt in Its Series B Round

18. Online baby products retailer Firstcry has received around $150 million as a part of $400 million round from Softbank at $850M valuation, reveals RoC filings with MCA.

19. Paytm Mall is very close to scaling down its B2C consumer business, shifting focus on B2B business, reports Entrackr.

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


Feb 12, 2019

Contact: Dhanya Balasubramanian | | +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:

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)





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 is boosting its mental wellness business 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

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