BSE Institute Ltd launches new accelerator for startups and other Top Startup news of the day

India Infoline News Service | Mumbai | February 06, 2016 11:13 IST

Round up of the major headlines that dominated the Startup sector, nationally and internationally.

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Zendrive Inc., a mobile technology company, which aims to make roads safer through data and analytics, raised $13.5 million in Series A funding led by Shervin Pishevar of Sherpa Capital with participation from Nyca Partners, Thomvest Ventures (Peter J. Thomson) and existing investors First Round Capital, BMW i Ventures, Fontinalis Partners (Bill Ford) and Tad Montross. The company said the funding will help drive its focus on safety innovation. (MINT)

Career counselling too can be an app away now. Thanks to Zapasya. The city based start-up has come up with a mobile app based career counselling service. Christened Talenjaro, the app has been developed by Indus Net Technologies. (ET)

The BSE Institute Ltd has announced the launch of a new accelerator for startups. This accelerator is housed in the iconic stock exchange in Mumbai. A statement issued by BSE said that this has been setup as a technology based incubator under the National Science & Technology Entrepreneurship Development Board (NSTEDB), Department of Science & Technology. Zone Startups India is the only stand-alone accelerator program in India to be accredited this support. (TOI)

Merchandising and product customization platform Gingercrush has raised $1 million in a pre-series A funding round, which was led by Saha Fund. (ET)

Infosys co-founder N R Narayana Murthy is an investor in startups, through his vehicle Catamaran Ventures. He also headed of a 21-member Sebi panel that recently recommended a slew of reforms to make startups more attractive to investors and employees. Murthy is hopeful that a majority of these recommendations will be accepted by the government and be included in the budget. (TOI)

Ixigo, the Gurgaon-based online travel aggregator, is set to launch the booking option 'Ixibook' on its mobile app next week. This will allow travellers to make bookings for hotels and flights on the app itself without being directed to the third party. This service will be extended to bus bookings in another month's time, and by early next month, Ixigo will initiate a one-click booking for inter-city cabs, according to Ixigo CEO and co-founder Aloke Bajpai. (ET)

Snapdeal owned digital payments firm FreeCharge, which launched its 'Go' virtual card ten days ago claims to have crossed the 'half a million' figure. (ET)

Leading taxi aggregator Uber has slashed its fares by up to 25 per cent in Chennai and Kolkata, with an aim to attract more customers. (ET)


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