Category Archives: News

Interesting news items

GE to expand its $200M wind turbines / aircraft engines plant in Chakan #Pune

GE Vice Chairman John Rice spoke to the media on Friday about their plans to expand their manufacturing facilities in Chakan near Pune. Excerpt: Rice said the company has been very successful in manufacturing engineering products at Chakan. Therefore, it … Continue reading

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.@pricebaba raises a round of funding from 500-Startups and Pune’s @jimkarter

Mumbai based PriceBaba, a local price discovery engine has raised a second round of seed funding from Silicon Valley based 500-startups, and existing investors Karamveer Singh (also known online as @jimkarter) and Tirthesh Ganatra. Karamveer Singh had led PriceBaba’s first … Continue reading

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Pune has more “product” based teams doing high value dev. than Bangalore – Zinnov

IT Advisory company Zinnov has just released a survey of “product” companies/teams in India and points out that 12% of product teams in Pune work on high value development work, compared to just 8% in Bangalore. Excerpts: Product teams based … Continue reading

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BMC Software to go private; to aggressively focus on cloud

BMC Software Inc. (BMC) agreed to be taken private in a $6.9 billion deal by Bain Capital LLC and Golden Gate Capital after struggling to compete with newcomers better equipped to handle the shift toward cloud computing. One of BMC’s … Continue reading

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Venture Firm @HelionVC to invest 10-15% of $250 million in Pune

Livemint reports that Helion Venture Partners plans to invest about 10-15% of its $250 million fund in software firms in Pune, and the first such deal could happen by the end of this year. Excerpts: “So far, we have funded … Continue reading

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Pune based crowdsourced organic T-shirts startup @SheepStop covered by ET

Pune-based SheepStop, which sells organic T-shirts whose designs are crowdsourced has been covered in an Economic Times article. Excerpts: The Dixits put in a seed capital of Rs 3 lakh and launched Sheep-Stop in September 2009. The money also helped … Continue reading

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Pune’s AsianLaws.com conducts Survey on Facebook activities of School Children

Pune’s Asian School of Cyber Laws recently conducted a survey of school children in India with the intention of finding out their cyber security habits. The survey covered 13,050 school students (7th, 8th, 9th and 10th standards) spread across Pune, … Continue reading

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Pune’s MindTickle in Business Today’s “15 Coolest Startups” Cover Story

Pune’s MindTickle, a startup working on “gamification” of enterprise employee engagement, has been covered in in Business Today’s Cover Story “India’s Coolest Startups”. Excerpts: Poorvi Agarwal’s first day at work was a lot of fun. The sales executive at travel … Continue reading

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FoodLink – Silicon Valley food supply chain company opens Pune dev center

FoodLink, a Silicon Valley marketplace that connects fresh food retailers and wholesalers to a network of over 2,000 supplier companies across North America, has opened a new development centre in Pune, [reports Business Line][bloglink]. Excerpts: FoodLink is a platform for … Continue reading

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Startups Note: NSTEDB Seed Fund for funding from Rs 2L to 50L open

Venture Center, the entrepreneur development center that is housed in NCL has recently received approval under the scheme “Seed Support System for Start-ups in Incubators” of the National Science & Technology Entrepreneurship Development Board (NSTEDB), Department of Science & Technology … Continue reading

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