NewCrop Team

5,350 Startups eligible for benefits under Startup India

The Commerce and Industry Ministry has announced that a total of 5,350 startups have been officially recognised by the Department of Industrial Policy and Promotion (DIPP). This recognition will enable them to avail the benefits under the Startup India Initiative. According to a statement released by the Ministry, under the Fund OF Fund for Startups, […]

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Blue-chip companies back California-based technology startup

Chinese bank, CICC, has recently joined major oil companies like Saudi Aramco, Royal Dutch Shell and Chevron in backing a South California based startup Maana, which is developing a machine learning technology specifically focused for the oil and gas sector. The company uses artificial intelligence to help oil and gas companies consolidate and analyse data. […]

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Ola acquires India division of food delivery giant, Foodpanda

The Indian ride hailing firm, Ola has acquired the Indian Division of food delivering service, Foodpanda for an undisclosed equity stake. The deal states that Pranay Jivrajka, a founding partner of Ola, will be staying on as the Interim Chief Executive Officer of the Foodpanda India Unit, while the current CEO of the company’s India […]

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Electric car company, NIO, releases electric-powered SUV, ES8

The ES8, an electric sports utility vehicle has been released into the market by NIO, an electric
car company in China, Financial Express reported.

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Faith in Food: Venture Catalysts invests in The Bohri Kitchen

In what comes as great news for food-tech startups, The Bohri Kitchen has received seed round funding from Venture Catalysts. The Bohri Kitchen

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