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Department of Science and Technology launches INR 100 crore programme to support startups

August 9, 2016

The Department of Science and Technology has launched a INR 100-crore programme to support startups. The programme, called National Initiative for Developing and Harnessing Innovations (NIDHI), is aimed at helping startups across the country in terms of both funding and incubation support. The department provides the seed amount per startup in the form of a grant to the incubator. The incubator in turn invests the same in the form of debt or equity in the companies.

Read more - http://economictimes.indiatimes.com/articleshow/53608064.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

AngelList Starts Exploring Indian Startup Ecosystem; Appoints Utsav Somani As Advisor

August 8, 2016

AngelList, the Silicon Valley-based online platform which allows startups to raise capital from accredited investors, has finally entered India. It has appointed Utsav Somani (previously working with LetsVenture) as an Advisor to spearhead its operations in the country.

US based startup 8TV raises $500K funding from Redcliffe Capital, Others

August 8, 2016

8TV, a San Francisco based startup, has raised $500K  from RedCliffe Capital Managing Partner Dheeraj Jain, Google executive Tidhar Carmeli, and AngelPad’s Thomas Korte. Tech giant Amazon has also invested about $100K (INR 66 lakh) worth of AWS services credit in the company, according to an official statement.The funding will be utilized to strengthen the platform and enter into new Asian markets, including India. 8TV will begin operations in India with The Man Company, a Gurgaon-based digital platform offering grooming products for men.

Read more - https://inc42.com/flash-feed/8tv-500k-funding/

Community services Zipgrid gets $200,000 equity financing from 1Crowd

August 8, 2016

Community services platform Zipgrid has raised $200,000 in equity financing from 1Crowd, an ecosystem for startups. Zipgrid community solutions aim to optimise costs, through its commerce solutions and is now looking to expand its footprint and invest in strengthening technology and operations.

Read more - http://economictimes.indiatimes.com/articleshow/53597295.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Adtech startup AdPushup raises Series A investment from Geniee, Purvi Capital

August 8, 2016

US-based adtech startup AdPushup has raised an undisclosed amount in its Series A investment round led by Geniee Inc whose major shareholders include Softbank Group Corp. Purvi Capital and existing investors also participated in the funding round. As a part of the investment, the company would be extending services to Japan and Southeast Asia.

Read more - http://www.vccircle.com/news/technology/2016/08/08/adpushup-raises-series-investment-geniee-purvi-capital

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