Startup India

India Digest: Purplle, Trak N Tell fund raise; Amin to buy Jyoti Structures; SIDBI startup investment

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While startups Purplle and Trak N Tell are raising funds, Amin Group is set to acquire Jyoti Structures. Also, SIDBI will soon review proposals worth $100 million for the government’s Fund of Funds for startups. IvyCap Ventures-backed Purplle raising $6m in Series B round IvyCap Ventures-backed Purplle, an online marketplace for beauty… Read more »

India: Online classifieds business Quikr launches DoorStep

Under the new initiative, called Quikr Doorstep, Quikr will facilitate price negotiation, payment, pickup and delivery. The latest initiative, which is part of Quikr’s verticalisation drive, will help the company grow beyond a listing platform to a full-fledged marketplace for used goods.

India: Sidbi to raise $1.5b Startup India fund corpus from RBI

“We are working to have the corpus in place for the Stand Up India Fund corpus. It will be raised from the Reserve Bank through the priority sector lending shortfalls,” Sidbi chairman and managing director Kshatrapati Shivaji said. The groundwork on implementation of the scheme has already started, he added

Oracle to set up nine incubation centres in key Indian cities

In a bid to participate in India’s flagship initiatives, Make in India and Start-up India, Oracle Corp. on Friday said it will build a new campus in Bangalore and will set up nine incubation centres across the country. The company will also launch an initiative to train more than half-a-million… Read more »

The devil is in the details. Fine print of India’s startup policy

The government’s ambitions of turning limited partner to venture capital funds has drawn sharp criticism from several quarters. The primary gripe is whether it is prudent, even proper, on the part of the government to invest taxpayers’ money in venture capital funds, which will in turn invest in enterprises that carry a high risk of failure.