Top Startup news of the day

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

Sep 28, 2015 08:09 IST India Infoline News Service

Startup Business
The idea of Start Ups is as ancient as this world, says Prime Minister Narendra Modi in a speech at California. Each economic age has been defined by disruption of the previous one, by the evolution of ideas and products that displace the old ones. Start Ups have always been the engine of progress. The mega corporations of today were Startsup of yesterday. Today, the Startups defy the natural rates of growth. An idea can become a global name within a year. Customers can multiply at the rate of millions, employees at the rate of thousands and valuation at the rate of billions.The convergence of technology, integration across diverse fields, distributed architecture and people willing to back an idea, have opened a new world for enterprise -PM Narendra Modi (IIFL)

Gurgaon-based Freecultr, a crowd-sourced platform for t-shirt design and sales, will launch a mobile app in December that will allow a smartphone user to upload photographs onto a t-shirt. (ET)

Chinese startup OnePlus is attempting to enter new grounds in India, among its top three markets. It is planning its maiden foray into the 'affordable' segment in a bid to grow volumes, and will support the move by starting its own full-fledged ecommerce website next year. (ET)

Chip maker Qualcomm Incorporated has announced a $150 million fund to invest in Indian startups. (ET)

Hyperlocal delivery startup Quickli has raised an undisclosed amount of funding from 500 Startups, former Rocket Internet partner Mato Peric and some high networth individuals. (ET)

Flipkart, Zomato and Ola, which have been aggressively recruiting top talent with the millions of dollars they have raised, are grappling with an exodus of management-level executives. (ET)

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