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Crofarm raises $1.5 million in seed round

August 15, 2016

Agritech venture Crofarm has raised seed funding from Mukul Singhal and Rohit Jain, former principals at SAIF Partners, who have backed the company which aims to create a supply chain which links farmers with businesses. The startup  plans to establish presence in tier-2 markets and hope to operate in 10 cities over the next year.

Read more - http://economictimes.indiatimes.com/articleshow/53653308.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Big Data Analytics Startup Cuberoot Technologies Raises $500K Funding

August 15, 2016

Gurgaon-based Cuberoot Technologies, a data-driven technology company, has raised nearly $500K from undisclosed investors. The funding will be utilized to expand business across the country. The money will further be used for scaling up growth parameters such as expansion of the technology team, enhancing product technology, investing in better infrastructure and strategic acquisitions, etc.

Read more - https://inc42.com/flash-feed/cuberoot-500k-funding/

Online lingerie brand Buttercups Intimates raises pre-series A round

August 15, 2016

Online lingerie brand Buttercups Intimates Pvt Ltd  has raised a pre-series A funding from online marketplace Snapdeal’s former chief product officer Anand Chandrasekaran, and its existing angel investors Kanwaljit Singh and Manoj Varghese. The funding will be utilized to expand the product range.

Read more - http://www.dealstreetasia.com/stories/buttercups-intimates-raises-funds-in-pre-series-a-round-50572/

Kotak Mahindra Bank starts Innovation Lab, open to investing in startups

August 15, 2016

Private sector lender Kotak Mahindra Bank has started an ‘Innovation Lab’ in Bengaluru to tap into the best technology that impacts its operations, and is open to investing in startups. The fourth largest private sector bank has put together a seven-member core team which is working with an equal number of startups in the artificial intelligence, analytics, biometric or iris scanning and machine learning space.

Read more - http://economictimes.indiatimes.com/articleshow/53696429.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

ONGC launches Rs 100 crore start-up fund to ignite new ideas

August 15, 2016

ONGC has launched an INR 100 crore start-up fund on its Diamond Jubilee year to foster, nurture and incubate new ideas related to oil and gas sector. The initiative, christened as ‘ONGC Start-up’, is in line with the government’s initiative ‘Start-up India’. The aim of ‘ONGC Start-up’ is to increase the contribution of fresh implementable ideas in the oil and gas sector.

Read more - http://economictimes.indiatimes.com/articleshow/53696622.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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