Druva, Droom raise funds; Indian institute giving wings to Tibetan refugee entrepreneursTeam YS
At the age of 10, he tried to escape from Tibet but was caught by the Chinese authorities and jailed for a month. Two years later, he successfully made his way to Dharamsala in Himachal Pradesh, India, where the Tibetan government in exile - the Central Tibetan Administration (CTA) - is headquartered. Today, Tsering Norbu, a 24-year-old entrepreneur, his own ecommerce fashion startup 'palnor.com'.
Tsering's entrepreneurial dream was given wings last year in August at the Jindal Centre for Social Innovation & Entrepreneurship (JSiE). The centre, a part of the OP Jindal Global University, launched a programme in 2015 in partnership with the CTA to support Tibetan entrepreneurship across India.
Cloud data protection and management startup Druva raised $130 million led by Viking Global Investors. The investment round also saw participation from Neuberger Berman, Atreides Management, Riverwood Capital, Tenaya Capital, and Nexus Venture Partners. The company said that it will be using the investment to fuel growth and global expansion, as well as drive new product innovations.
Homegrown messaging application platform Hike has launched ‘ZeroTo2’, a programme to hire young engineers with 0-2 years experience. The hiring programme to on-board freshers and engineers who are just starting out was launched in January. The first batch of nine engineers - selected from around 1,500 applicants - is currently in bootcamps, undergoing extensive training.
Matching the joy of riding a bicycle with the speed of a sporty bike is Pune-based Polarity. In a conversation with YourStory Business Editor Vishal Krishna, the startup’s founders Sachin Jadhav and Anand Mohan explain why they have the most urban EV solution in the country.
Late last year, Omidyar Network announced a change in strategy, spinning off some of its well-established initiatives as independent entities – Spero, Luminate, and Flourish. YourStory caught up with ONI’s Managing Director Roopa Kudva to find out more about the type of social impact ONI is seeking to create and how impact can be measured beyond the standard metric.
As Myntra readies for its biggest sale ever, Myntra-Jabong Head Amar Nagaram speaks to YourStory on the e-tailer's game plan, how their kiosks are enabling easier delivery, and how the company is planning to grow this year.
Amruta Fadnavis is a banker, singer, and a social activist. She is also the wife of the Maharashtra Chief Minister and the brain behind Mitti Ke Sitare, India’s first musical reality show for underprivileged children aged between seven and 15 years. Spearheaded by Divyaj Foundation in association with Mpower, the talent hunt is scouting from a massive pool of 1.2 lakh children shortlisted from 1,187 MCGM and slum schools in Mumbai.
Gurugram-based online automobile marketplace Droom has raised $10 million (Rs 69.54 crore) in Series F round of funding from its Singapore-based holding entity. The company last raised $30 million in Series E round in October last year led by Japanese investor Joe Hirao’s family office fund. In May 2018, it secured $30 million in Series D funding led by Toyota Tsusho Corporation.
According to UN Refugee Agency reports, 70.8 million people all over the world are displaced. And 25.9 million of them are refugees. The National Foundation for American Policy states that 55 percent of $1 billion startups (50 out of 91 such startups) in the US have had at least one immigrant founder. On World Refugee Day, we shine the spotlight on some refugee startup founders using technology to help their community.