India's startups have begun to focus on technology and product innovation, and are now filing more patents than ever. This trend has created specialist early stage funds which are focused on grooming product innovation startups and headed by venture capitalists with domain expertise as well as entrepreneurial and operational experience....
American Companies Top in Leasing Commercial Space in India
In India, American companies occupy about 45 percent of the grade ‘A’ space, as they continue to expand operations leveraging the low cost and highly-skilled resource base in the country. Companies from India account for 35 percent of the office real estate absorption, while those from the European Union take...
B&W Tek Launches Center of Excellence in India
Newark, Delaware-based B&W Tek, Inc., that manufactures and markets mobile spectroscopy solutions, inaugurated the Spinco-B&W Tek Center of Excellence Lab in Hyderabad, India, with their partner Spinco Biotech that specializes in process technology, bioresearch, and chromatography. The Center is equipped with a suite of B&W Tek mobile spectroscopic systems, including...
ServiceNow Inaugurates India R&D Center
ServiceNow, Inc., a cloud computing company headquartered in Santa Clara, California, opened a new R&D center in Hyderabad, India, where its engineering teams will develop the company's next generation AI and machine learning capabilities. Additionally, the center will expand ServiceNow's product engineering, product management, applications development, service engineering, product operations,...
Unilever Ventures Invests in India's Milkbasket
U.K.-based Unilever's venture capital arm, Unilever Ventures, invested $3 million in Gurgaon-based Aaidea Solutions, which runs the grocery delivery start-up Milkbasket. The firm delivers milk, bread, eggs and butter to customers' homes every day at 7 am and is looking to add further grocery lines to its service. Anant Goel,...
Trek Bicycles Expands Operations in India
Waterloo, WI-based Trek Bicycle Corporation launched 34 bicycle models in the premium and super premium category in India's cities of Delhi-NCR, Mumbai, Bangalore, Hyderabad, Chennai, and Indore. Prices range from $305 for the road bikes to $2,600 for the hybrid models. The company also offers a wide range of cycling...