Pearl Uppal & Gaurav Kacharu launches accelerator cum seedfund- 5ideas
Pearl Uppal, former CEO and co-founder of FashionandYou and Gaurav Kacharu, erstwhile CEOs and co-founder, Dealsandyou have launched an accelerator cum seedfund – 5ideas.in . Currently, it plans to invest and support 5 startups in digital space. 5ideas.in will invest upto Rs.2.5 crore in each satrtups including access to mentors, human and social capital for a period of 6-12 months. The accelerator cum seedfund aims to shortlist their first batch of startups by end of December 2012 and initiates their program by end of January 2013. Earlier this month, Rajesh Sawhney led GSF Accelerator was launched in 3 Indian cities with backing of several angels and entrepreneurs like Dave McClure.
Government of Meghalaya instructed cyber cafes to install CCTV camera
Through an official notification of the Meghalaya Cyber Cafe Rules 2012, the Meghalaya government has asked all cyber cafes to install CCTV cameras in their shops, besides taking customer’s IDs and details to tackle cyber crimes and propagation of ideologies which are not in tune with the state. [via]
Thyrocare Technologies Limited Secures INR 120 Crores From Norwest Venture Partners (NVP)
Thyrocare Technologies Limited, a medical diagnostics services provider based in Mumbai, has announced that it has entered into a binding agreement to receive INR 120 crores from Norwest Venture Partners (NVP). Thyrocare will use the new capital to fund further expansion of its business. Also a part of today’s announcement, Sohil Chand, Managing Director of NVP India, will join Thyrocare’s board of directors.
GKB optical launches prescription sunglasses
GKB Optical has announced the launch of its range of prescription Sunglasses that enables consumers to experience sunglass and prescribed power for clear vision both in a single goggle. To buy prescription sunglasses, customer needs to select the sunglasses they prefer, enter their eye power and select the lens of their choice. The prescription sunglasses are shipped anywhere in India within 5-6 days.
Stanford startup TechAIDS to create HIV education focused software for Assam
TeachAIDS, a nonprofit social venture has announced that it will be creating new regionally-customized versions of its effective HIV education software in Assam. The project will be supported by Government of Assam, and a $200,000 investment from global health service leader Cigna. The investment from Cigna will also support the development of regionally-customized TeachAIDS software in Karnataka. TeachAIDS also announced as one of 12 worldwide laureates for the 2012 Tech Awards.