categories such as apparel and accessories . |
ups in India in the next five years with a vision to |
||
Ø |
JustRide , a self-drive car rental aggregator , has raised |
create a viable and profitable business out of the |
|
US $ 400,000 in pre-series A round of funding from a |
booming start-up sector in India . |
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group of angel investors , including Redcliffe Capital ’ s |
Ø |
National Association of Software and Services |
|
Mr Dheeraj Jain , which will be used to enhance its |
Companies ( NASSCOM ) plans to open four more tech |
||
technology . |
start-up incubation centres in different parts of India , |
||
Ø |
Mumbai based baby care and kids products e-tailer , |
in addition to existing three , in support of Government |
|
Hopscotch . in , has raised US $ 13 million in a Series C |
of India ’ s ‘ Start-up India ’ initiative . |
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round of funding from Facebook co-founder Mr |
Ø |
Nasscom Foundation , a non-profit organisation which |
|
Eduardo Saverin , which will help the firm in growth |
is a part of Nasscom , has partnered with SAP India to |
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and expansion of its technology platform . |
establish 25 National Digital Literacy Mission ( NDLM ) |
||
Ø |
MoMark Services , a mobile based customer |
centres in 12 cities across India , as a part of |
|
engagement platform for small and medium |
Government of India ' s Digital India initiative . |
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businesses , has raised US $ 600,000 from YourNest |
Ø |
Infosys , India ’ s second largest Information Technology |
|
Angel Fund and LNB Group , to scale up its product |
services company has acquired US-based Noah |
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offerings and talent acquisition . |
Consulting , a provider of advanced information |
||
Ø |
Shouut , a social discovery app by Giant Tech Labs Pvt |
management consulting services for the oil and gas |
|
Ltd , which helps consumers discover deals , buy event |
industry . |
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tickets or redeem coupons , has raised US $ 500,000 in |
Ø |
US-based Callidus Software Inc , cloud-based sales , |
|
angel funding from a high net-worth individual angel |
marketing , learning and customer experience solutions |
||
investor based in India . |
provider , has opened its centre in Hyderabad and also |
||
Ø |
Apple Inc . plans to set up its first technology |
launched its ‘ The Lead to Money ’ suite in Indian |
|
development centre outside the US in Hyderabad with |
markets . |
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an investment of US $ 25 million , which is expected to |
Ø |
Wipro Ventures , Wipro ’ s US $ 100 million corporate |
|
create 4,500 jobs , as per Mr Jayesh Ranjan , Secretary , |
venture arm , plans to invest in early-stage Venture |
||
IT for the state of Telangana . |
Capital ( VC ) funds based in the US to pursue a |
||
Ø |
Xpressbees , an e-commerce logistics firm operated by |
strategy of investing / partnering country-focussed |
|
Busybees Logistics Solutions Private Limited , has |
VCs . |
||
raised US $ 12.5 million in a Series A funding , led by its |
Ø |
A recent study by research firm International Data |
|
existing investors SAIF Partners , IDG Ventures , Vertex |
Corporation ( IDC ) suggests that India may soon be |
||
Ventures and Valiant Capital , which will be used to |
able to catch up with the global technology trends |
||
strengthen technology initiatives and processes of the |
that have disrupted enterprises , industry and the way |
||
firm . |
consumers behave and transact . |
||
Ø |
Housejoy , an online home services provider , has raised |
Ø |
Reliance is building a 650,000 square feet ( sq ft ) data |
Rs 150 crore ( US $ 22 million ) in a Series B round of |
centre in India — its 10th data centre in the |
||
funding led by Amazon , and which also includes new |
country — with a combined capacity of about 1 million |
||
investors such as Vertex Ventures , Qualcomm and Ru- |
sq ft and an overall investment of US $ 200 million . |
||
Net Technology Partners . |
Ø |
Intel Corp plans to invest about US $ 62 million in 16 |
|
Ø |
Global PE firm Blackstone Group has acquired a |
technology companies , working on wearable , data |
|
minority stake in an Indian travel , transportation and |
analytics and the Internet of Things ( IoT ), in 2015 |
||
logistics software firm , IBS Software , for US $ 170 |
through its investment arm Intel Capital . The Indian |
||
million , by buying the stake from General Atlantic and |
IoT industry is expected be worth US $ 15 billion and to |
||
few other shareholders . |
connect 28 billion devices to the internet by 2020 . |
||
Ø |
India ’ s top-tier IT company , Infosys Ltd , has bought a |
Ø |
Indian e-commerce industry is expected to grow at a |
minority stake worth US $ 3 million in Whoop , which is |
CAGR of 35 per cent to reach US $ 100 billion size in |
||
a US-based start-up that makes activity trackers worn |
the next five years , as per a study by Assocham-Price |
||
by athletes . |
water house Coopers . |
||
Ø |
Microsoft Ventures is planning to incubate 500 start- |
Ø |
Some of the major initiatives taken by the government |
Ø |
The Railway Ministry plans to give a digital push to the |
to promote IT and ITeS sector in India are as follows : |
India Railways by introducing bar-coded tickets , |
||
Ø |
Mr Ravi Shakar Prasad , Minister of Communication |
Global Positioning System ( GPS ) based information |
|
and Information Technology , announced plan to |
systems inside coaches , integration of all facilities |
||
increase the number of common service centres or e- |
dealing with ticketing issues , Wi-Fi facilities at the |
||
Seva centres to 250,000 from 150,000 currently to |
stations , super-fast long-route train service for |
||
enable village level entrepreneurs to interact with |
unreserved passengers among other developments , |
||
national experts for guidance , besides serving as a e- |
which will help to increase the passenger traffic . |
||
services distribution point . |
Ø |
The e-Tourist Visa ( e-TV ) scheme has been extended |