Start ups need more domestic funds

The venture capital being invested in Indian start-ups should be more balanced between foreign and domestic flows than it is right now, Minister of State for Finance Jayant Sinha said at the launch of two funding facilities by SIDBI. “The venture capital industry should be based in India,” he said. “Right now, 95 per cent of venture capital and private equity funding comes from outside India.”

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IAN to fund start ups

Indian Angel Network (IAN), the country's first network of angel investors, plans to invest in two city-based start-ups in online healthcare and offline food segments within two months. "We should be announcing the final investment soon," IAN president Padmaja Ruparel said at the first annual meet of Calcutta Angels Network in the city. At present, the team of angel investors plans to invest about Rs 3 crore in each of the start-ups. IAN recently invested Rs 10 crore in Wow Momo, a city-based food chain, which has 52 outlets in six cities, including Delhi and Bangalore.

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Cyber Attacks from China Targeting India

US-based cybersecurity firm FireEye said in a report that Attacks originating in China have targeted Indian government and educational institutions to steal information about ongoing border disputes and other diplomatic matters since at least the last four years. For the last few years, FireEye said 70 Indian entities have been targeted, as were those in neighbouring Nepal, Pakistan and Bangladesh as well as Tibetan activists in the region.

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