From The Startup World – March 31

Time to start a new journey

A compilation of important news from the startup world:

INDIA

Top News

IBM partners Kalaari Capital to promote startups in India

Kstart, an initiative of venture capital firm Kalaari Capital, along with IBM will offer training and mentoring sessions to startups. Startups can apply for up to $120,000 in cloud credits to develop and run their applications on IBM Cloud

SoftBank Ventures Korea backs Gurgaon-based True Balance

SoftBank Ventures Korea, part of Japanese internet conglomerate SoftBank Corp, has made an undisclosed amount of investment in a Series A round of funding in Gurgaon-based startup True Balance, an app that allows users to check their mobile phone balance

 

Laundry services

Startups that love doing India’s laundry

There are a few startups that promise to wash everybody’s dirty linen.  They are ready to take care of every headache related to there ever was in the laundry scheme of things

 

Cisco To Invest $100 Million in India To Push Digitisation And Train 250000 Students

Cisco Systems, an undisputed leader in the field of Networking, is making another move to strengthen its presence in the fastest growing market. It has decided to help Indian start-ups bloom and will be investing US $100 million in India for the next 18-24 months for the digitalization all throughout the Country

For hyperlocal ventures, focus now on sustainable growth

The hyperlocal segment saw a lot of deal activity in 2015, but investors have now turned cautious and laying emphasis on sustainable growth.  Industry executives said they had to experiment with a lot of models to find the one that worked

 

ASIA

At 78, Ratan Tata goes to startup school

The retired chairman of Tata Sons had an intimate and private session with founders of startups during a day spent with Singapore’s tech community. He dispensed advice on various issues from CEOs shoudl manage their time to how  should one convince skeptics to buy his products…

The American who went to Korea on holiday and ended up launching a startup

Victor Ching, an American entrepreneur from Hawaii, came to South Korea on a leisurely trip with his cousins 10 years ago. He stayed back in Seoul to work the country’a rop food deliversy comany and has now set up his own startup

 

Calling all Tech Innovators: Enter Today for Best of CES Asia Awards

The program is focused on the most innovative products and technologies across 15 categories. Entries are now being accepted through April 11, 2016. Owned and produced by the Consumer Technology Association (CTA)™ and co-produced by Intex Shanghai, CES Asia will run May 11-13 in Shanghai, China

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