India: New govt supported startup hub, co-working space T-Hub launched in Hyderabad

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“It is not this building,” emphasised Srinivas Kollipara, chief operating officer of T-Hub, a Telangana government initiative for startups housed in the 70,000 sq.ft Catalyst Building. Kollipara was speaking on Saturday at the first event to be held at the Catalyst Building in Hyderabad’s International Institute of Information Technology (IIIT-… Read more »

Marketing, depth & mentor networks drive accelerator success: Unitus

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Deep sector knowledge, robust mentor networks and marketing push are key to success of best-known incubators and accelerators worldwide, a survey by Unitus Seed Fund has revealed. In its 2015 report, the report highlights that these factors enable startups to access funding, post-acceleration. The data-driven research was carried out in… Read more »


Malaysia’s startup ecosystem needs better funding channels, support from large corporates: CIMB’s Nazir Razak

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While the capital access for budding entrepreneurs and industry disruptors is opening up, Malaysia still needs more funds channeled towards smaller companies and for large government-linked investment companies (GLICs) to better support them, CIMB Group Holdings Berhad chairman Nazir Razak says. Addressing corporate leaders and policy makers at the closed-door Khazanah… Read more »


Wipro Ventures to invest in early-stage venture capital funds in US

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Wipro Ltd’s corporate venture arm Wipro Ventures plans to invest in early-stage venture capital (VC) funds based in the US even as it buys minority stakes in early-to-mid-stage start-ups to help fill gaps in its own range of offerings. Wipro’s $100 million corporate venture arm, overseen by Rishad Premji, son… Read more »


India: Networking platform DocPlexus secures $700k from Uniqorn Ventures, ASP Consulting

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Pune-based DocPlexus, a networking platform for healthcare professionals, has raised $700,000 (about Rs 4.6 crore) from startup focused fund Uniqorn Ventures and Austria-based investment and advisory boutique ASP Consulting. The funds will be used by DocPlexus to develop a strong medical networking market and launch its product on iOS, which… Read more »


WorkIndia raises $500k from founders of Citrus Pay, Venture Works, and others

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WorkIndia, a geo-positioning based product company in the blue/grey collar segment, has raised $500,000 in pre-Series A funding led by Citrus Pay founder Satyen Kothari, Venture Works India founder Keshav Sanghi, and Discovery Capital founder Riddhesh Gandhi. A few senior executives at multinational banks too participated in the round. The… Read more »


India Dealbook: YouWeCan invests in SportyBeans, Gaja Capital puts in $10m in SportzVillage

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India’s sports training space has witnessed some deal action with cricketer Yuvraj Singh’s fund YouWeCan investing in SportyBeans, which runs sports programmes for kids. In another development in the same sector, SportzVillage has raised $10 million from Gaja Capital. YouWeCan picks up stake in SportyBeans SportyBeans, a startup running sports programmes… Read more »


Temasek pumps in $600m to propel VC arm Vertex Venture to go global

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Singapore state-fund Temasek Holdings is pumping an additional $600 million into its subsidiary and venture arm – Vertex Venture Holdings Ltd – to enable it to invest in startups across the U.S, Israel and China. Vertex, which has offices in Singapore, Beijing, Shanghai, Taipei, Bangalore, and the Silicon Valley, invests… Read more »


Air Asia chief Tony Fernandes & other investors form Angel-eQ to help tech startups in Indonesia

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A number of Indonesian business leaders have come together to form an angel investor network- Angel-eQ Network –  that will fund early-stage start-up tech companies in Indonesia. The founders of Angel-eQ Network include Malaysia’s Air Asia Bhd chief executive officer Tony Fernandes, president director of television network operator Intermedia Capitaland Erick Thohir, CEO of… Read more »


India: IvyCap Ventures to make first close at $45m for its second fund

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India’s IvyCap Ventures Advisors Pvt Ltd, which is on the road to raise its Rs 600-crore ($91.4 million) second fund, is expected to announce its first close at about Rs 300 crore ($45 million) soon. “We have received up to 50 per cent commitments already and we will be announcing… Read more »