From The Startup World – April 1

What's happening around the world...
 

 

 

A compilation of important news from the startup world:

INDIA

DIPP To Launch Exclusive Portal For Startups This Week

Department Of Industrial Policy and Promotion is launching the highly anticipated and exclusive portal for all the startups in the country this week. The portal, along with a mobile app, will act as a one point contact for all the needs of the new startups in the country

‘India Is A Very Competitive Market’

The global chief executive of Saint-Gobain is gung-ho about the company’s newly launched R&D unit in India and believes the country is a perfect test bed for its upcoming products

Smartron India eyes $25 million funding in next quarter

The IoT start-up recently received strategic investment from cricket legend Tendulkar, who is also the brand ambassador of the company. It is currently also funded by Indian and global corporates, angel investors and financial institutions
India Runway Week, a platform for fashion startups
The 3-day event is slated to run from April 15, 2016 at Thyagraj Stadium, with IFFD assuring a dose of freshness in design for everyone
Six Indian AI startups that raised funding in past 6 months
Reports suggest that close to 200 AI startups got funded in the US in the past 18 months. The trend has caught up in India, too, with entrepreneurs developing chat bots to tools that help in visual search and medical diagnosis, and investors are stepping in to back the ideas.

When the redBus “mafia” split, they painted the startup town red
redBus is an inspirational story for the Indian startup community, which has not seen many global acquisitions till date. But for those who worked at redBus, it was a hands-on lesson in entrepreneurship

NE to be destination for Young Start-Ups

The government feels North East India has a huge potential for start ups and for this purpose, venture funds and other initiatives can be provided for the start ups in North East India

 

GLOBAL ROUNDUP

Expa Labs Will Nurture Tech Start-Ups a Few at a Time
Expa has been operating since 2013, but the group announced that it was opening up Expa Labs, a new six-month program for start-ups based in New York and San Francisco wherein the companies receive $500,000 in backing, office space and mentoring from a five-person team. Expa also said it had raised $100 million from investors to put into new start-ups and expand the firm
Australian tech accelerator to kickstart disability-focused startups
Following in the footsteps of well-known accelerators such as California’s Y-Combinator that foster young talent but with a twist, Remarkable Accelerator will host a 16-week program for startups focused on building technology that can assist people with disabilities

No tech firms went public this quarter in the US
There were officially zero tech IPOs in the first quarter of this year. That makes it the slowest period since the depths of the financial crisis in 2009.The only sector that saw some IPO activity was health care, which had eight companies go public, according to Renaissance Capital

How a well-funded Chinese ecommerce startup failed
Metao was a Beijing-based overseas ecommerce startup founded by guy named Xie Wenbin in 2014. After an initial angel round, it raised a US$5 million series A round from Matrix Partners China in mid-2014, and then a series B worth US$30 million that included Matrix Partners and other well-regarded VC firms like Morningside Ventures at the end of that year. Now, about a year and a half later, the company appears to be dead
Japan’s WHILL takes the grand prize at Pioneers Asia
Held in Tokyo’s venerable Happo-En banquet hall, the awards ceremony for Pioneers Asia Challenge capped off a full day of presentations and networking. The competition was open to startups from Asia and Europe, and 24 finalists were chosen

Fidelity marks down stake in pre-IPO startups Cloudera, Dropbox

Fidelity Investments has slashed its estimated valuation of technology companies Cloudera and Dropbox, a report on Wednesday showed, in the latest indication of concern over the high prices of startups that have raised many millions from private investors, but delayed going public

 

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