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DriveU Raises $1 Million From Unitus Seed Fund, Silicon Valley Angel Investors
At a time when ride hailing services such as Ola and Uber are rolling out offers to dissuade consumers from using personal vehicles, DriveU, an on-demand driver provider launched by an early backer of TaxiForSure, has raised about $1 million from Unitus Seed Fund and undisclosed angel investors from the Silicon Valley, said co-founder and chief executive Rahm Shastry.
- Categories
- Investing
- Region
- South Asia
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The Citi Foundation Helps India Prepare to Be World’s Youngest Population By 2020
Last year, Prime Minister Modi of India launched an ambitious project that aims to train over 400 million young people in different skills by 2022. The initiative is called ‘Skill India’, with the tagline - 'Kaushal Bharat, Kushal Bharat', which means ‘Skilled India, Successful India.’ Today, every third person in an Indian city is a youth. In about four years, the average-aged person will be 29 years old and very likely a city-dweller, making India the youngest country in the world by then. India is set to experience a dynamic transformation as the population burden of the past turns into a demographic dividend, but the benefits will be tempered with social and regional inequalities.
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- Uncategorized
- Region
- South Asia
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Over 70% of Accounts Opened Under India’s Jan Dhan Financial Inclusion Drive Are Now Active
More than seven out of every 10 bank accounts opened for the unbanked, mainly for direct transfer of benefits, are seeing transactions, data showed.
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- Uncategorized
- Region
- South Asia
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A future where ‘social’ is taken for granted
On average, stocks in India have plunged roughly 10 percent since the beginning of the year, but shares of the hospital chain Narayana Hrudayalaya have been trading at more than 10 percent higher than its public offering price.
- Categories
- Health Care
- Region
- South Asia
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Google India report: Mobile growth shaping India’s internet usage
Google India has put out a report which captures the incredible pace of Internet growth that India is witnessing.
- Categories
- Technology
- Region
- South Asia
- Tags
- research
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Is more funding the answer to Pakistan’s struggling microfinance sector?
Microfinance is a booming industry in neighbouring India and Bangladesh, but has had a slower rise in Pakistan.
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- Uncategorized
- Region
- South Asia
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Practo: Rural India is online healthcare’s big challenge
India's online health care sector is growing at a remarkable pace but the disparity between how rural and urban India benefit from it are stark.
- Categories
- Health Care
- Region
- South Asia
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Where Ideas for Social Enterprise Take Wing
A graduate from Oxford University, Manas Nanda's dream was to make a social change. He found his way back to his roots by starting 'Harvest Wild', a social enterprise, with an aim to create livelihood opportunities for people living in remote forest areas in India. It was at IIM-Bangalore's incubation cell, NS Raghavan Centre for Entrepreneurial Learning (NSRCEL), where his idea of bubble nut wash was mentored.
- Categories
- Uncategorized
- Region
- South Asia
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