“The investment includes a primary fund raise and provides an exit to the existing investor, Future Lifestyle Fashions Ltd. The transaction is the largest private equity investment in the Indian ethnic wear market,” Biba said in a statement.
iGrow had recently reported that VentureNursery started the third session of incubation for five startups, a thirteen week session. Along with, starting the third session, the incubators have opened up applications for the fourth session which is slated to begin on October 1, 2013.
The incubation centre is currently focused on six sectors including Media & Entertainment, Retail, e-Commerce, Consumer Technology, Education and CleanTech. The centre is a mix of Angels-in-Residence and Charter Angels, Advisors-in-Residence and Executives-in-Residence to provide complete support to the start-ups.
India has been a country which has produced some of world’s greatest and successful entrepreneurs, is now seeing a new generation of startups. Five such startups will soon get their share of incubation, thus becoming a successful venture, as VentureNursery begins its third season.
India’s first angel-backed accelerator had received over 150 submissions from 29 cities.
Let’s know more about the – I shall call them ‘Furious Five’: Continue reading Season 3 of VentureNursery starts with 5 startups
Startup City, Asia’s largest startup event culminated in Bangalore recently. The event gave budding entrepreneurs a rare opportunity to explore new and upcoming genres of idea.
The 14th edition of startup city aimed at helping entrepreneurs identify the next steps to success. A powerful keynote, informative panel discussions like ‘MOBILE + eCOMMERCE: Instant Gratification, Rapid Growth’; Entrepreneurial keynotes like ‘Against All Odds: From Innovation to Success’ and close knit interactions with successful entrepreneurs made Startup City the perfect event for entrepreneurs to learn important life lessons. The power packed day, marked by informative discussions on ‘The Next Big Thing: Technology Trends Shaping the Future’, Meet the VC’s section and CEO Conclave, attracted more than 5000 active participants across the space, star engineers who build cutting edge technology products, entrepreneurs, venture capitalists and angel Investors. Continue reading Startup Event concludes at Bangalore
The Microsoft Accelerator announced the graduation of its second India batch of technology startups, which is also its Summer Batch of 2013, today. At a Demo Day held at the Microsoft Lavelle Road office here, the 200 plus audience of mentors, industry bigwigs, venture capitalists, angel investors and media professionals witnessed the amazing progress made by each company over the last four months at the Microsoft Accelerator. The nine startups which graduated today are explara, deck, Harness, i7 Networks, iDOS, SupportBee, TableGrabber, Tuebora and Visarity. Continue reading Nine startups graduate from Microsoft Accelerators