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TechStars US Based Accelerator To Launch In India

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TechStars, a US based startup accelerator is set to make their India debut in Bengaluru this year. Minister of IT, BT and Tourism of Karnataka, Priyank Kharge welcomed the company saying the Karnataka government is focused on building a bolder and structured ecosystem and the collaboration with TechStars is exactly what the government required.

TechStars will forge a joint venture with Bengaluru based ANSR Consulting as a part of their India launch and will be hiring a country manager to lead the Indian operations. Through this joint venture, Terchstars plans to open their first center in Bengaluru next year and open centers across multiple locations in India in a few years. ANSR, backed by Accel Partners and Infosys, helps large Fortune 500 companies like Limited Brands and Target set up their technology centers in India.

TechStars, which was founded in 2006 by David Cohen and David Brown, operates in several cities globally including in New York City, London and Paris. The US based accelerator, which has accepted over 1,000 companies into its programs so far, has collectively raised over $ 3.8 billion with a market cap of over $ 9.9 billion. The company counts remote computing platform DigitalOcean and other startup successes among its graduates.

Cofounder David Brown said they have been watching India’s emergence as the third largest global startup ecosystem very closely. He also added the potential for growth in India is huge, as one of the fastest growing economies in the world.

Speaking about the type of programs they were likely to run in India, Brown added, “Globally, we have integrated startup programs, startup accelerators, along with investing, which is one part of our story— it’s likely that we’ll have similar types of programs here in India.

The accelerator runs a three month program where they typically invest $ 120,000 along with a $100,000 convertible note upon acceptance for a 6% stock in the USA. They also operate platforms such as TechStars Startup Programs, TechStars Mentorship Driven Accelerator Program and TechStars Corporate Innovation Partnerships.

ANSR, which establishes, operates and optimizes global in house centers to provide solutions to enterprises, operates startup led innovation programs for its corporate partners, including Target, L-Brands, Lowes and Swiss Re. ANSR’s Kyron program and Microsoft’s India accelerator program are some of the other startup incubators working in India.

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PayU Gets Final RBI Nod to Operate as Payment Aggregator Ahead of 2025 IPO

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PayU India, owned by Prosus, has received final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator, a year after getting in-principle approval in April 2024. This authorization allows PayU to onboard new merchants and offer digital payment solutions, joining other major players like Razorpay, CCAvenue, and BillDesk.

The RBI’s nod comes as PayU prepares for its planned IPO in the second half of 2025, following a delay from its original 2024 timeline due to market conditions. The company, which serves over 450,000 merchants, reported $319 million in revenue from its core payments and credit business in the first half of FY25.

PayU stated that the approval will help it build a resilient, compliant, and innovation-driven institution, supporting merchants of all sizes and advancing the Digital India vision. The company has also strengthened its risk management and expanded its presence in real-time payments through a strategic stake in Mindgate Solutions.

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Google’s Iconic ‘G’ Logo Gets First Update in 10 Years

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Google has refreshed its iconic ‘G’ logo for the first time in nearly 10 years, replacing the familiar solid blocks of red, yellow, green, and blue with a smooth, vibrant gradient that blends these colors seamlessly. This subtle update gives the logo a softer, more fluid, and modern appearance, aligning with Google’s evolving digital identity and current design trends.

The new gradient transitions smoothly from red to yellow, yellow to green, and green to blue, making the logo more visually appealing and adaptable across various devices, especially on mobile platforms. This redesign also reflects Google’s growing emphasis on artificial intelligence, echoing the gradient style used in the branding of Google Gemini, the company’s AI-generative assistant.

The updated ‘G’ logo has started rolling out on iOS through the Google Search app and on some Android devices, particularly Pixel phones running the Google app beta version 16.18. However, most other platforms, including the web and non-Pixel Android devices, still display the classic solid-color logo. A wider rollout is expected in the coming weeks.

So far, Google’s main wordmark and other product logos like Chrome, Maps, and Gmail remain unchanged. Given the shift toward gradient designs and AI-inspired visuals, similar updates to other Google icons may follow in the future.

In summary, this first major update to the ‘G’ logo since 2015 signals a subtle but meaningful shift in Google’s branding strategy, blending tradition with innovation as the company deepens its focus on AI and modern design aesthetics.

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Ixigo Halts Bookings for Flights and Hotels to Turkey, China

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Indian online travel platform ixigo has suspended all flight and hotel bookings to Turkey, China, and Azerbaijan in response to these countries expressing support for Pakistan after India’s military strikes-dubbed ‘Operation Sindoor’-against terror bases in Pakistan and Pakistan-Occupied Kashmir. The move, announced by CEO Aloke Bajpai on X, was described as an act of solidarity with India during heightened diplomatic tensions following the Pahalgam terror attack.

ixigo’s decision aligns with similar actions by other Indian travel companies, including EaseMyTrip and Cox & Kings, which have also restricted travel services to Turkey, China, and Azerbaijan. The suspensions come amid widespread calls for boycotts after these countries condemned India’s military response and backed Pakistan.

The travel industry’s collective response underscores how geopolitical developments are influencing business decisions, with Indian companies emphasizing national interests and unity in the face of international criticism

 

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