From the startup world – May 22

Tim Cook, Apple CEO, with Prime Minister Narendra Modi, in New Delhi.

A compilation of important news from the startup world: 


Apple is big on Indian app ecosystem, say founders who met Tim Cook
As the founder of a startup, you receive an invite from Apple Inc. Obviously, you are excited. This could be that lucky break, you may be thinking. Finally, the day arrives, and as you wait to meet the Apple team, you see Tim Cook, the CEO of Apple walking in. For a moment, you are dumbstruck. But then, you give yourself a mental shake and greet him. This is exactly what happened to the founders of four Indian startups who met the CEO of the iconic tech company during his India visit this week. The four startups that were shortlisted for the interaction with Cook were urban home services marketplace UrbanClap, enterprise software products maker Cynase (also known as Numerics), online shopping application Sweetcouch and Avaz, from Invention Labs, an ipad app to assist speech therapy and develop spontaneous communication in autistic children.

Apple’s development centres will boost iOS culture in India
A day after Apple CEO Tim Cook—during his on-going India tour—announced two development centres in India, entrepreneurs and developers have lauded the company’s efforts to improve engagement in India.  Blaise Crowly, founder of Xincoz Lab and a prominent internet activist, pointed out that the new announcement by the company will provide the iOS developer community in India with a great platform. “As the iOS development space is a lot about the quality of the apps, I feel that this move can help a lot of developers improve the quality of their applications making use of the guidance in terms of best practices and design standards,” said Crowly.

BHIVE raises $1 mn from Blume Ventures, others
Blume Ventures has led a $1 million (around Rs 6.7 crore) funding round in co-working space BHIVE Workspace. The new capital will be used for expansion to six more cities, hiring talent, building technology and enhancing customer experience. The Bangalore-based workplace solution provider had raised an undisclosed amount in angel funding from a bunch of investors including TaxiForSure co-founder Raghunandan G, Venturesity co-founder Rajesh Rai and Patni family scion Arihant Patni in February this year.

Silicon Valley comes to India. Four big reasons to apply for BC-GSV Accelerator 2016
Have you ever dreamt of being mentored by one of the world’s preeminent authorities on growth investing? How awesome would it be to have as mentor a man who predicted the rise of Google and Facebook, and has been hailed as one of the best stock pickers. Well, that dream could become a reality if you get accepted into the newly launched BC-GSV Accelerator 2016, a joint initiative by Brand Capital – Bennett & Coleman and Co Ltd.’s (BCCL) strategic investment arm, and GSVlabs – one the Silicon Valley’s most renowned accelerator programmes – led by none other than Michael Moe.

Angel Investing In India  –  Crystal Ball Gazing For New Opportunities
As a follow up to my previous crystal ball gazing into the realm of investing trends for early stage angels, I’d like to share some more thoughts amongst the noise of valuation markdowns, ecommerce players taking potshots at each other and social media babas’ revealing some hard truths in the maligned Indian startup ecosystem. There are a few spaces which might have potential for more players to exist or even newer ones to enter and make a mark.

Fin-tech startup i2ifunding gets angel funding
Two angel investors from Mumbai and one Indian investor based in Japan have participated in this round, Vaibhav Kumar Pandey, co-founder, i2ifunding, told However, he declined to name the investors but said they have committed to a follow-on round. The funds will be used for towards technology expansion and also towards increasing its presence geographically.


Be the first to comment

Leave a Reply

Your email address will not be published.


Money | Money | Money