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Indian Angel Network plans investment in around 150 startups

NEW DELHI: Venture capital consortium Indian Angel Network (IAN) is looking to invest in about 150 start-up firms in coming 4-5 years, a co-founder of the investment group said. “We have made six commitments as of now. In next 4-5 years, we have plans to invest in 100-150 firms,” said IAN co- founder Saurabh Srivastava. He said there is no shortage of funds at IAN and investors are looking at right opportunities. “We have funded in range of half a million to a million. Some has been to the tune of 3…

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Samsung Is Using This Silicon Valley Startup’s Tech in Its Self-Driving Cars

Samsung, the world’s largest smartphone maker, has turned to a comparatively tiny Silicon Valley startup to help it test, develop, and one day even deploy commercial fleets of self-driving taxis. The collaboration is a boon for Renovo Auto, a startup that has developed an operating system of sorts that integrates and manages all the software needed for a commercial fleet of shared autonomous vehicles. Renovo Auto’s operating system works similar to Google’s Android or, even AmazonWeb Services’ on-demand cloud computing platform. The company isn’t developing the AI algorithms that help the…

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Will support startups with passionate founders: Ratan Tata

Tata group chairman emeritus Ratan Tata, a serial start-up investor, said on Wednesday that he will support startups that have founders who have passion to build sustainable company rather than scaling it up just to sell it. Tata has been investing in startups in India and abroad. Some of these firms include Snapdeal, Urban Ladder, CarDekho, Xiaomi, Ola, DogSpot.in, CashKaro, FirstCry and Teabox. “A founder who has a passion to stay with something and build it into a sustainable company is somebody I tend to support,” he said in an…

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Dear Startups, It’s Time to Be the Best, Not Just the Biggest

Launched in India in 2010, Ola has been one of the most successful companies here. It was the most funded startup in 2015, and it’s one of the few companies that has been able to compete with Uber. In September 2015, the company rolled out Ola Shuttle in Bengaluru and Gurgaon, essentially a private bus shuttle, with air-conditioned buses that offer Wi-Fi connectivity. They’ve expanded in scope, and now cover parts of Noida as well as part of a trial, but using them on a daily basis shows the gulf…

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Do Indian Startups Have a Service Problem?

Indians are notorious for being paranoid about spending money online. Few people even have cards to pay online in this country, and fewer still like to use them, which means that cash truly is king. Although a growing cadre of companies such as FreeCharge and Paytm are boldly predicting the death of cash, the actual experience of using these services shows how far we have to go before they earn the trust needed to hold on to our money. There are many reasons to actually use a virtual wallet –…

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