Visa, the digital payments platform, has announced that it is looking for startups from across Asia Pacific to join the second cohort of their accelerator program. According to a statement, “the Visa Accelerator Program focuses on helping startups in Asia Pacific expand their business into new markets with a strong emphasis on identifying commercial opportunities…
New Delhi based Altius Venture Partners has launched their first fund with a target corpus of INR 100 Cr seeking to invest in early-stage startups across sectors. The fund, which is in the process of registering itself with the Securities and Exchange Board of India (SEBI) as a Category II fund, is backed by Navyug…
Atal Incubation Centre at Shiv Nadar University, Delhi NCR (AIC-SNU), supported by NITI Aayog’s Atal Innovation Mission (Government of India), has launched the fourth edition of its ‘Venture Challenge’ – a closed-door contest for new technology start-ups or aspiring entrepreneurs to win AIC-SNU’s end-to-end support for growth of their business ideas. AIC-SNU has joined hands…
Max Life Insurance has selected four startups for InsurTech collaboration under its flagship ‘Max Life Innovation Labs 2.0’ Accelerator Program. Through a virtual ‘Pitch Day’, organized on March 10 and 12, these four startups were selected from over 210 applicants. These shortlisted startups interacted with Max Life over the last two months to build tech-based…
Maruti Suzuki India Limited in partnership with Nadathur S. Raghavan Centre for Entrepreneurial Learning (NSRCEL), the startup hub at the Indian Institute of Management Bangalore (IIMB), has announced the list of 26 shortlisted mobility startups for a 9-month extensive incubation program. “The collaboration, announced in August 2020, is a first-of-its-kind initiative by an automobile manufacturing…
Investment banking and private equity firm – FundVice is looking to support startups in India with a corpus of Rs 330 crore, which includes funding from its new fund Ryoma Ventures. The company has plans to raise up to Rs 250 crore and accelerate at least 50 deals by 2021-end. In addition, it has announced…
India’s technology business incubator GINSERV launched Gincelerator 2.0 with 18 Startups. Inaugurating the midlevel health tech, medtech and edtech Startups’ take-off stage programme, Director of Department of Electronics, IT & BT and Managing Director of KITS Meena Nagaraj said, “Karnataka government’s policies are aimed at giving access to deep technology. Karnataka makes it happen and…
Indian Angel Network (IAN), Venture capital consortium, is looking to invest more than Rs 100 crore in startup firms across sectors in 2021, according to a governance committee member and co-founder of the network. Padmaja Ruparel, IAN co-founder, said to PTI that the consortium members will evaluate opportunities in biotechnology, augmented reality, manufacturing and in…
In a bid to strengthen the Indian startup ecosystem, 100X.VC has announced 10 seed-stage startups that are now a part of its Class 03 portfolio. The startups were handpicked from 1,677 applications, out of which, 303 applicants had passed the meticulous initial diligence process, a statement made by the company said. The names were revealed…
European Commission has announced the first round of direct equity investment through the new European Innovation Council (EIC) Fund. 42 highly innovative start-ups and small and medium-sized businesses (SMEs) will together receive equity financing of around €178 million to develop and scale up breakthrough innovations in health, circular economy, advanced manufacturing and other areas. Among them,…
Zomato Investor – Mirae has launched India-focused fund to back early-stage startups. The asset manager is aiming to expand its footprint in India with a $35 Million fund for Indian startups in the early-stage. According to a report by ET – “Mirae Asset Venture Opportunities Fund 1, with a corpus of $35 million (Rs 256…
Wisdom Tree Ventures (WTV), a flagship IT company of Wisdom Group, has taken a step: To provide technological, financial and marketing assistance to 100 start-up ventures and budding Entrepreneurs within the next 5 years. According to the statement, “The company has chalked out a plan to address the financial vacuum created by the ongoing Covid-19 situation,…
PointOne Capital, a pre-seed focused VC fund, has announced the first closing of its maiden fund. The SEBI registered CAT-1 AIF which targets early seed stage startups, plans a total corpus of INR 50 crore with a ticket size of up to INR 1 crore per startup. The fund counts entrepreneurs, PE & VC firm…
Microsoft and Accenture have announced the extension of a joint initiative announced earlier this year to support startups that are focused on solving critical business challenges related to sustainability and skilling. The immersive, hands-on program provides technology support to help startups build scalable solutions and business models that can lead to more tangible and lasting…
Maruti Suzuki India Limited announced its partnership with Nadathur S. Raghavan Centre for Entrepreneurial Learning (NSRCEL), the startup hub and incubation centre at the Indian Institute of Management, Bangalore (IIMB). This partnership will help startups working in technology-based innovations that can be applied in the mobility sector. The collaboration marks first-of-its kind initiative by an…