Listed below are some of the major news of the startup sector, take a look to stay updated:
Delhi govt to now draft policies to promote startups
The Delhi government under the leadership of CM Arvind Kejriwal is now set to float its own startup policy. The first draft of this policy has already been presented at a meeting organised by Delhi’s Industries Department on Wednesday, according to media reports.
The stakeholders in the meeting, including those from trade associations such as NASSCOM, FICCI, and CII.
The startup policy will fuel Delhi government’s vision to create new jobs and bring new competitive dynamics into the current economic system.
Stock photo startup Picxy raises funds
Andhra Pradesh-based stock photo startup Picxy has raised $130,000 from angel investors which include senior executives at e-commerce giant Amazon and technology company Cisco. The names of these individuals have not been disclosed. The startup, which is only a few months old, is being valued at $1 million, post this funding.
Founded by two entrepreneurs relocating to India from the US, Jitendra Emmani, and Vamsi Mannem, Picxy.com’s business model is built around a stock of photographs on their website which they pay and collect from the best professional photographs and then these are curated with the story around the photo also created. Buyers can go through the gallery and buy and use these photographs.
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Qtrove raises Rs 350 crore from Springboard Ventures
Bangalore-based curated marketplace Qtrove has raised Rs 350 Crore funding from Springboard Ventures, an investment arm of Times Group’s holding company Bennett, Coleman & Co Ltd (BCCL).
The company will use the funds to further expand its marketing, customer acquisition efforts, and vendor network through BCCL’s network of print, television, radio and digital media.
Founded by Vinamra Pandiya, Qtrove exhibits & sells non-factory made products such as candles, gift boxes, bakery goods, handmade soaps, craft products, home decor, pet supplies etc.
Vokal acquihires quizzing app company StupidChat
Vokal, which runs a knowledge-sharing platform, has acquihired quizzing app firm StupidChat Technologies in an all-stock deal.
It plans to use the six-member team to work on the existing products and also come up with daily engagement products for the platform.
The StupidChat Technologies team has been assigned roles spread across product design and technology verticals. StupidChat Technologies was founded in November 2017 by Sourav Karmakar and Saheb Roy in Kolkata before the team shifted to Bengaluru.
Today’s Take Away:
We often think that those who are successful and living the life of our dreams are LUCKY. But is that so? It is very important to put in the effort at the right time and be persistent.
Benjamin Franklin has rightly pointed out,
“Diligence is the mother of good luck.”
