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Posts Tagged ‘ IIT Bombay ’

B2B packaging material marketplace Bizongo raises $3 mn from IDG, Accel

Saturday, November 5, 2016 | More »

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Smartpaddle Technology Pvt. Ltd, which owns and operates business-to-business (B2B) marketplace for packaging materials Bizongo, has raised $3 million (around Rs 20 crore) in Series A round of funding from IDG Ventures and existing investor Accel Partners. The Mumbai-based startup will use the money...

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Local content discovery platform NearFox gets angel funding from Globevestor, others

Mumbai-based local lifestyle content and discovery platform NearFox said on Thursday it has raised funding from a group of investors that included the Globevestor Angel Fund. Devendra Rane, CTO at online insurance startup CoverFox; Ravi Jain, former principal at VC fund Ventureast and co-founder of ...

25 August, 2016 | More »

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IIT Bombay bans Portea, Peppertap for revoking job offers

Premier tech school IIT Bombay today blacklisted nine companies including startups like Portea Medical and Chinese firm Johnson Electric from placements for one year as a penalty for a variety of violations like, revoking the offers to some of its graduates. The action follows a controversy over a h...

25 August, 2016 | More »

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Intel-backed hardware incubator Plugin seeks to invest in 20 startups

Chipmaker Intel India, IIT Bombay’s Society for Innovation and Entrepreneurship (SINE) and the central government’s Department of Science and Technology (DST) have come together to start a hardware incubator programme. Called Plugin, the programme intends to take ideas at a proof-of-concept stag...

8 August, 2016 | More »

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Exclusive: B2B marketplace Omnikart shuts shop, co-founder joins Industrybuying

Omnikart, its B2B marketplace for industrial equipment, has closed operations due to disagreement between its two co-founders on a growth strategy. The Mumbai-based startup, run by Omnikart Engineering Pvt. Ltd, shut down in March, co-founder Faisal Ansari told TechCircle. Ansari has now joined Indu...

4 August, 2016 | More »

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Exclusive: Grocery delivery startup GrocShop folds as pain spreads

Mumbai-based online grocery delivery firm GrocShop has shut down, joining the growing list of startups that failed to find a profitable growth model in a segment which until recently was attracting investors in droves but is now feeling the pinch of a slowdown in funding. GrocShop co-founder Ayush G...

30 June, 2016 | More »

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Tata Group donates $15.5M to IIT Bombay to develop low-cost solutions for BoP consumers

Indian multinational conglomerate Tata Group has donated $15.5 million (Rs 95 crore) to IIT Bombay (IIT-B) to setup a virtual centre, which would focus on developing low-cost technologies for the bottom of the pyramid (BoP) consumers, says a report in The Economic Times, quoting IIT-B director Devan...

20 August, 2014 | More »

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IIT Bombay to establish an entrepreneurship centre, to focus on emerging technologies

IIT Bombay is planning to set up an entrepreneurship centre named ‘Desai Sethi Centre for Entrepreneurship’ to enable technology innovation through new programmes for education and research, multi-disciplinary courses, research laboratories and partnerships. The centre will focus on emer...

3 February, 2014 | More »

IIT Bombay’s Business Plan Competition Eureka! 2011 Gets Under Way

IIT Bombay’s annual business plan competition Eureka! is back with a bang and accepting applications from September 1. Organised by E-cell (The Entrepreneurship Cell) of IIT Bombay, the event now offers a bigger cash prize and a new, segregated competition called Eureka! Social that caters to bott...

5 September, 2011 | More »