- #Indian #startups have welcomed markets regulator Securities and Exchange Board of India’s (Sebi’s) approval for issuance of shares with differential voting rights (DVRs), although clarity is awaited on the sunset clause for such dual-class shareholding and the net worth limit for shareholders with superior voting #rights.
- Called ‘Quest for Assistive #Technologies’, the 3-month accelerator that will support upto 10 #startups, and provide them funding of upto Rs 20 lakhs.
- An accelerator to support #startups that work on technological solutions for the disabled was announced by Tata Trusts-backed Social Alpha, #IT services company Mphasis and government-backed non-profit Biotechnology Industry Research Assistance Council (BIRAC) in the city today.
- #Life insurance solutions provider HDFC Life Insurance Company has entered into a strategic partnership with IvyCamp, an arm of IvyCap Ventures Advisors to launch HDFC Life `Futurance’, a program for #startups.
- This partnership is in line with IvyCamp’s ongoing efforts to create deeper connects, alliances and co-development opportunities between corporates and #startups for mutual #business benefits.
- The markets regulator’s board, which met in Mumbai on Thursday, also approved a #framework for issuance of shares with differential voting rights (DVRs) for tech startups keen on listing on #Indian bourses.
- It has been suggested that the DVRs should currently be restricted to only new tech firms.
- Freshworks, a smaller #Indian rival of Salesforce, rented a blimp urging the visitors to “Hit Refresh” and explore its #customer engagement #software, at the cloud-based customer relationship management company’s event, billed ‘Dreamforce’.
- Just as Bengaluru rose to prominence as a #technology services #hub, Chennai has silently become the SaaS capital.