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Funding Roundup: Cardback, Greytip, Capital Float and Roposo

New Delhi-based mobile app Cardback has raised Rs 1 crore through the online fund raising platform LetsVenture, reports TechCircle citing sources. Cardback’s founder Nikhil Wason has declined to comment on this to the publication.

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Telangana govt setting up development bank & incubator to fund startups

(By Brindaa Lakshmi & Vikas SN) The newly formed Telangana government is creating a technology development bank that will offer seed funding to startups in the hardware and software sectors, the State information technology minister K.T. Rama Rao told reporters on the sidelines of the recently concluded Indian Gadget Expo (via LiveMint).