News

1st-ever `Global IndiaAI 2023` event to boost AI innovations in ChatGPT era   The IT Ministry on Wednesday said that it will organise the first-ever 'Global IndiaAI 2023' event in October this year that will see participation from leading AI players, researchers, startups and investors in India and worldwide. After the huge success of the SemiconIndia conference, the Global IndiaAI event will also catalyse India's AI landscape, said Union Minister of State for Electronics and IT, Rajeev Chandrasekhar. "The Global IndiaAI 2023 conference...
1st-ever `Global IndiaAI 2023` event to boost AI innovations in ChatGPT era
1st-ever `Global IndiaAI 2023` event to boost AI innovations in ChatGPT era
Source: IANS
31/08/2023 9:33:52 AM
BP urges more oil, gas investment while speeding energy transition Global oil major BP said the world must invest in the production of oil and gas to avoid to sharp price spikes while accelerating the energy transition to combat greenhouse gas emissions. Global gas prices surged seven-fold last year as 3% of global gas supplies were hit following Russia's invasion of Ukraine, forcing countries to boost energy spending and shift to coal, BP CEO Bernard Looney said in New Delhi. "We need to do both. We need to invest in today's energy system...
BP urges more oil, gas investment while speeding energy transition
BP urges more oil, gas investment while speeding energy transition
Source: Reuters
27/08/2023 8:52:08 AM
PM Narendra Modi highlights initiatives to push business at meeting with corporates in Athens Prime Minister Narendra Modi on Friday highlighted India's progress in areas such as renewables, startups, pharma, IT, digital payments and infrastructure and the various initiatives undertaken to foster business, during his interaction with industry representatives in Athens at a business lunch hosted by Greek Prime Minister Kyriakos Mitsotakis.  PM Modi acknowledged the role played by industry leaders in strengthening bilateral relations and promoting economic cooperation betwee...
PM Narendra Modi highlights initiatives to push business at meeting with corporates in Athens
PM Narendra Modi highlights initiatives to push business at meeting with corporates in Athens
Source: IANS
26/08/2023 8:41:13 AM
Chandigarh witnessing surge in startup culture: Advisor As a startup policy is ready, Chandigarh is witnessing an extraordinary surge in startup culture, positioning it as a startup hub for innovation and entrepreneurship, said Dharam Pal, Advisor to the UT Administrator, at a CII event here on Tuesday. The theme for the session was ‘Be innovative, Be entrepreneurial, Be here’, which was organised as part of the CII initiative ICONN 2023.   Speakers at the session shared government strategies and policies being undertaken to...
Chandigarh witnessing surge in startup culture: Advisor
Chandigarh witnessing surge in startup culture: Advisor
Source: IANS
23/08/2023 9:46:29 AM
Flipkart co-founder Binny Bansal plans e-commerce startup Flipkart co-founder Binny Bansal is reportedly planning a new startup in the burgeoning e-commerce space in India. According to Money Control, Bansal recently sold his remaining stake in Flipkart and is now looking to create an e-commerce startup. The report said, citing sources, that Bansal will not seek to raise external funds and would rather infuse his own capital in the new e-commerce startup. Bansal received about $1-$1.5 billion from his shareholding in Flipkart. Binny...
Flipkart co-founder Binny Bansal plans e-commerce startup
Flipkart co-founder Binny Bansal plans e-commerce startup
Source: IANS
18/08/2023 7:28:54 PM
Google invests $88 mn in South Korean startup incubation programme   Google has invested $87.9 million to incubate nearly 500 South Korean startups and help them go abroad, a company official said. Google's ChangGoo Programme -- launched in 2019 in cooperation with the Ministry of SMEs and Startups -- is aimed at discovering potential young developers and fledgling businesses and helping them become profit-making companies through the tech firm's information technology infrastructure and global network. The programme includes various ed...
Google invests $88 mn in South Korean startup incubation programme
Google invests $88 mn in South Korean startup incubation programme
Source: IANS
18/08/2023 2:25:55 PM
Indian startup workers get average salary hike of 8 to 12% in 2022-23 Indian startup employees received an average salary increment of 8 to 12 per cent in 2022-2023, with the variation attributable to individual and company performance, the quality and level of talent, and location, a new report showed on Thursday. According to the venture capital firm Elevation Capital, the performance of employees continued to hold 50 per cent of the weightage on salary increments while taking on additional responsibilities and receiving a promotion factored in about 20 pe...
Indian startup workers get average salary hike of 8 to 12% in 2022-23
Indian startup workers get average salary hike of 8 to 12% in 2022-23
Source: IANS
11/08/2023 10:48:49 AM
India to launch BRICS Startup Forum to facilitate collaboration among startups, investors With an aim of facilitating collaboration and sharing best practices among startups, investors, incubators, and aspiring entrepreneurs, Union Minister of Commerce and Industry, Textiles, Consumer Affairs and Food & Public Distribution, Piyush Goyal has said that India will be launching the BRICS Startup Forum in 2023. While highlighting the transformation that has taken place in India, Goyal also commented on the expanding Startup India initiative that has led to the creation of nearly...
India to launch BRICS Startup Forum to facilitate collaboration among startups, investors
India to launch BRICS Startup Forum to facilitate collaboration among startups, investors
Source: Accord Fintech
8/08/2023 1:48:58 PM
Indian e-commerce startup Meesho posts first-ever profit, plans IPO in 12-18 months Indian e-commerce startup Meesho has posted its first-ever profit and is targeting a stock market listing in the next 12-18 months, a senior company executive said in an interview. Meesho competes with Amazon and Walmart's Flipkart in India's fast-growing e-commerce market, with its website becoming popular by targeting smaller towns and cities with unbranded products like clothes and cosmetics. It was last valued at nearly $7 billion, PitchBook data shows. After posting losses ...
Indian e-commerce startup Meesho posts first-ever profit, plans IPO in 12-18 months
Indian e-commerce startup Meesho posts first-ever profit, plans IPO in 12-18 months
Source: Reuters
7/08/2023 12:25:34 PM
Around 15% of unicorn startups have at least one woman founder, says PM Narendra Modi Prime Minister Narendra Modi on Wednesday said that in India around 15 per cent of unicorn startups have at least one woman founder. "In India, about 15 per cent of unicorn startups have at least one woman founder. Our goal should be to create a level platform where women achievers become the norm. At the same time, we need to ensure that the burden of care and domestic work is appropriately addressed," PM Modi said in his virtual address at the G20 ministerial conference on wome...
Around 15% of unicorn startups have at least one woman founder, says PM Narendra Modi
Around 15% of unicorn startups have at least one woman founder, says PM Narendra Modi
Source: IANS
2/08/2023 2:09:41 PM
Billionaire Jack Ma invests in fishery & agriculture startup Chinese billionaire and Alibaba founder Jack Ma has invested in a fishery and agriculture startup in China, the media reported on Tuesday. The startup, called “1.8 Meters Marine Technology (Zhejiang) Co” has been incorporated in Hangzhou, capital of Zhejiang province, with a registered capital of 110 million yuan ($15 million), reports South China Morning Post, citing corporate registry data provider Tianyancha. The startup caters to processing, wholesale and retail sales of...
Billionaire Jack Ma invests in fishery & agriculture startup
Billionaire Jack Ma invests in fishery & agriculture startup
Source: IANS
1/08/2023 5:29:28 PM
Fit-tech startup beatXP set to raise $50 mn, Leading health-tech company Pristyn Care’s direct-to-consumer (D2C) startup beatXP is in advanced talks to raise $50 million from a group of investors, according to the sources close to the development. This will be beatXP’s first round of funding and the company is on track to register $100 million in annualised revenue, sources told IANS on Tuesday. Pristyn Care declined to comment on the ongoing developments surrounding beatXP's funding talks. As per earlier report...
Fit-tech startup beatXP set to raise $50 mn,
Fit-tech startup beatXP set to raise $50 mn,
Source: IANS
1/08/2023 2:07:57 PM
Centre extends application window under PLI scheme for IT hardware till August 30 The government on Monday extended the window for receiving applications under the production-linked incentive (PLI) scheme 2.0 for IT Hardware till August 30. The PLI Scheme 2.0 for IT Hardware was notified on May 29 with a budgetary outlay of Rs 17,000 crore. It is expected to result in broadening and deepening of the manufacturing ecosystem by encouraging the localisation of components and sub-assemblies and allowing for a longer duration to develop the supply chain within the country...
Centre extends application window under PLI scheme for IT hardware till August 30
Centre extends application window under PLI scheme for IT hardware till August 30
Source: IANS
31/07/2023 6:03:01 PM
New unicorns dry up globally, down 80% from their peak in 2021 There has been a massive 80 per cent drop in freshly-minted unicorns (with valuation $1 billion and above) globally from the peak in 2021, a new report has revealed, as funding winter continues to hit startups. According to leading data provider PitchBook, the average monthly number of new unicorns fell to 7.3 companies in the first half of the year. It is down nearly 80 per cent from a peak of 50.5 companies recorded for all of 2021, reports Nikkei Asia, citing the PitchBook data. &...
New unicorns dry up globally, down 80% from their peak in 2021
New unicorns dry up globally, down 80% from their peak in 2021
Source: IANS
31/07/2023 5:02:31 PM
India's Coromandel counts on drone startup to tackle farm labour shortage Chemical maker Coromandel International is betting its drone startup Dhaksha will help Indian farmers cope with an ongoing labour shortage in the agriculture sector, a top executive told Reuters on Friday. In June Coromandel bought a majority stake in Dhaksha at a valuation of 6.25 billion rupees ($75.96 million), saying the startup will "identify promising avenues of growth" for the company. Dhaksha's drones can spray nutrients and pesticides onto crops and can also be us...
India's Coromandel counts on drone startup to tackle farm labour shortage
India's Coromandel counts on drone startup to tackle farm labour shortage
Source: Reuters
28/07/2023 5:06:27 PM
Tech startup Wiom raises Rs 140 cr to make unlimited internet affordable  Homegrown tech startup Wiom focused on democratising internet access in India on Thursday announced that it has raised Rs 140 crore in Series A round. The Series A round was led by RTP Global while YourNest and Omidyar Network India, an investment firm focused on impact, also participated, along with Global Brain, Blume Founders Fund, Alteria Capital, Stride Ventures, Stride One and 9 Unicorns. The company said that it will now focus on expanding its footprint to cities throughout...
Tech startup Wiom raises Rs 140 cr to make unlimited internet affordable
Tech startup Wiom raises Rs 140 cr to make unlimited internet affordable
Source: IANS
27/07/2023 12:36:08 PM
Indian climate-tech startups most welcome to share innovative ideas: Samsung  As achieving sustainability becomes a daunting task for the governments globally, Samsung on Wednesday said it is seeking innovative ideas from startups in the field, including the bustling Indian climate-tech startup community, to invest in and develop innovative technologies capable of helping the planet. Samsung has partnered with Extreme Tech Challenge (XTC), the world’s largest startup competition and ecosystem for entrepreneurs addressing global challenges, to launch its ...
Indian climate-tech startups most welcome to share innovative ideas: Samsung
Indian climate-tech startups most welcome to share innovative ideas: Samsung
Source: IANS
26/07/2023 2:10:13 PM
Info Edge rises as its arm to invest Rs 20 crore in Startup Investments Info Edge (India) is currently trading at Rs. 4605.00, up by 38.25 points or 0.84% from its previous closing of Rs. 4566.75 on the BSE. The scrip opened at Rs. 4570.00 and has touched a high and low of Rs. 4612.00 and Rs. 4568.50 respectively. So far 2079 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4765.90 on 17-Jul-2023 and a 52 week low of Rs. 3310.00 on 14-Mar-2023. Last one week high and low of the scri...
Info Edge rises as its arm to invest Rs 20 crore in Startup Investments
Info Edge rises as its arm to invest Rs 20 crore in Startup Investments
Source: Accord Fintech
25/07/2023 2:36:12 PM
Bank of India announces a START-UP focused branches at 3 Centre across pan India Bank of India – a major public sector bank with a significant domestic presence – has launched three special start-up centres through dedicated start-up focussed branches. The three start-up centres are located in Bengaluru, Mumbai and New Delhi. The dedicated start-up branches are intended to facilitate the Central Government’s goal of promoting robust innovation and entrepreneurship through the start-up culture in India. Start-Up India is a flagship initiative of the Go...
Bank of India announces a START-UP focused branches at 3 Centre across pan India
Bank of India announces a START-UP focused branches at 3 Centre across pan India
Source: PR Agency
24/07/2023 7:13:37 PM
GST officials search UpGrad offices, edtech unicorn says 'routine survey' Goods and Services Tax (GST) Department officials made searches at Ronnie Screwvala-founded edtech unicorn upGrad offices on Wednesday. The company said that it was a “routine survey”. In a statement to IANS, Koell Hemdev, Head of Legal at upGrad, said that it is a “routine survey” and “we are fully compliant and cooperating with the GST Department”. Backed by investors such as Temasek, James Murdoch’s Lupa Systems, and World Bank’s Intern...
GST officials search UpGrad offices, edtech unicorn says 'routine survey'
GST officials search UpGrad offices, edtech unicorn says 'routine survey'
Source: IANS
19/07/2023 5:53:16 PM
Startups in India will increase 10x in next 4-5 years: MoS IT  Startups and unicorns in India will witness substantial growth in the coming 4-5 years, and startups will increase by 10 times, Union Minister of State for Electronics and IT Rajeev Chandrasekhar said. In his address at the JIIF (JITO Incubation Innovation Foundation) 6th Foundation Day and Investors/Startup Conclave in Hyderabad, he highlighted India's remarkable progress in building unicorns and startups, and how they have successfully entered areas in emerging technology such ...
Startups in India will increase 10x in next 4-5 years: MoS IT
Startups in India will increase 10x in next 4-5 years: MoS IT
Source: IANS
17/07/2023 9:19:12 AM
Mohandas Pai, former SBI chair to join Byju`s advisory council Early Byju's investor Mohandas Pai and former State Bank of India chairman Rajnish Kumar will join an advisory council at the Indian edtech startup, weeks after resignations by its auditor and investor representatives amid governance concerns. The council will mentor Byju's board and its CEO Byju Raveendran on crucial matters, the company said on Thursday. "As part of the advisory council, I look forward to advising the leadership in evolving the systems of governance and f...
Mohandas Pai, former SBI chair to join Byju`s advisory council
Mohandas Pai, former SBI chair to join Byju`s advisory council
Source: Reuters
13/07/2023 6:08:09 PM
Indian startup ecosystem logs lowest funding in 4 years The Indian startup ecosystem reported the lowest six-month funding in the last four years, in the first half of this year at $3.8 billion across 298 deals -- a decline of nearly 36 per cent as compared to the second half of 2022 ($5.9 billion), a report showed on Sunday. Fintech, Software-as-a-Service (SaaS) and direct-2-consumer (D2C) continued to be the most funded sectors, according to the PwC India report. Growth and late-stage funding deals accounted for 84 per cent of the funding ...
Indian startup ecosystem logs lowest funding in 4 years
Indian startup ecosystem logs lowest funding in 4 years
Source: IANS
10/07/2023 9:23:39 AM
India's total addressable startup market could only be 10 cr: Zerodha CEO As the Indian startup ecosystem goes through a turbulence amid corporate governance concerns being raised, Zerodha co-founder and CEO Nithin Kamath on Friday said the total addressable market size for startups in the country could only be around 10 crore (100 million). Addressing the gathering at the startup conclave organised by Money Control in Bengaluru, both the founders stressed that investors and founders may have overestimated the potential size of the Indian market. “The a...
India's total addressable startup market could only be 10 cr: Zerodha CEO
India's total addressable startup market could only be 10 cr: Zerodha CEO
Source: IANS
7/07/2023 5:24:24 PM
Government working with startups to create server & IT Hardware manufacturing ecosystem in India: Rajeev Chandrasekhar Union Minister Rajeev Chandrasekhar has said that under the leadership of Prime Minister Narendra Modi, the Government is working closely with Startups, Industry and Academia to create rapidly expanding server & IT Hardware manufacturing ecosystem in India. He said ‘Our ambitions are clear - a $300 billion Electronics industry and a $1 trillion Digital Economy by 2026.’ He also noted that the government will act as an enabler in catalysing India’s IT hardware ecosyste...
Government working with startups to create server & IT Hardware manufacturing ecosystem in India: Rajeev Chandrasekhar
Government working with startups to create server & IT Hardware manufacturing ecosystem in India: Rajeev Chandrasekhar
Source: Accord Fintech
7/07/2023 1:21:04 PM
India's economic scale, market potential enabling startups to flourish: Piyush Goyal Union minister Piyush Goyal said on Tuesday that India's remarkable economic scale and market potential have played a pivotal role in enabling startups to flourish and thrive in the global startup ecosystem.  Addressing the ‘Startup20 Shikhar’ in Gurugram, Goyal, the Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, said that there must be a global effort to nurture inclusive, supportive and sustainable startup ecosyst...
India's economic scale, market potential enabling startups to flourish: Piyush Goyal
India's economic scale, market potential enabling startups to flourish: Piyush Goyal
Source: IANS
4/07/2023 8:22:09 PM
G-20 Startup Summit kicks off in Gurugram The Startup20 Shikhar Summit of G-20 kicked off in Gurugram on Monday. Prominent dignitaries, including Minister of State for Commerce and Industry, Som Prakash, India's G20 Sherpa Amitabh Kant, and Chairperson of Startup20, Chintan Vaishnav, graced the inauguration ceremony. Prakash said that Prime Minister Narendra Modi had launched the initiative of Startup India in the year 2016. Due to this, new startups are being formed in the country today and new incubation ce...
G-20 Startup Summit kicks off in Gurugram
G-20 Startup Summit kicks off in Gurugram
Source: IANS
4/07/2023 2:28:15 PM
No shortage of funds for good startups with strong business models: Amitabh Kant India's G20 Sherpa Amitabh Kant has asserted that there is no shortage of funds for good startups with strong business models. He said the innovation and startup ecosystem is strongly positioned to find solutions to challenges facing the world today. He advocated a multi-pronged approach of 'fund of funds', credit enhancement schemes, and a sharp focus on good governance for a robust startup ecosystem.  Kant stated that Indian startups have successfully demonstrated the po...
No shortage of funds for good startups with strong business models: Amitabh Kant
No shortage of funds for good startups with strong business models: Amitabh Kant
Source: Accord Fintech
4/07/2023 1:46:46 PM
Varanium Capital`s Rs 250 cr fund to empower 100 startups in India Global asset management firm Varanium Capital on Tuesday announced the first close of its maiden venture debt fund worth Rs 250 crore. The fund would provide financing to 100 early and growth-stage startups in India through a mix of revenue-based financing and traditional venture debt. Varanium Capital manages nearly $1 billion of assets across the asset classes including structured debt, portfolio management services (PMS), and venture capital fund. “Venture debt fund will pro...
Varanium Capital`s Rs 250 cr fund to empower 100 startups in India
Varanium Capital`s Rs 250 cr fund to empower 100 startups in India
Source: IANS
4/07/2023 11:33:31 AM
Murugappa group invested Rs 648.9 cr for acquisitions and new ventures in FY23  In a fiscal of acquisitions and venturing into new areas, the city based conglomerate Murugappa Group had posed 35.8 per cent growth in turnover and 24 per cent growth in after tax profits. Last fiscal the group had announced investments of about Rs 648.9 crore for acquisitions and new ventures. According to the Murugappa Group, it had logged a turnover of Rs 74,220 crore (previous year Rs 54,648 crore) and a profit after tax of Rs 6,846 crore (Rs 5,520 crore). The Group has 29 bu...
Murugappa group invested Rs 648.9 cr for acquisitions and new ventures in FY23
Murugappa group invested Rs 648.9 cr for acquisitions and new ventures in FY23
Source: IANS
3/07/2023 4:31:04 PM
GM acquires software startup that detects early EV battery flaws Automaker General Motors (GM) has announced that it acquired substantially all the assets of Israel-based battery software startup ALGOLiON for an undisclosed sum. The startup has developed sophisticated software that uses data streams from EV (electric vehicle) battery management systems to help identify anomalies in cell performance to ensure proper vehicle health management and provide early detection of battery hazards, including thermal runaway propagation events. "ALGOLiON ha...
GM acquires software startup that detects early EV battery flaws
GM acquires software startup that detects early EV battery flaws
Source: IANS
1/07/2023 4:40:42 PM
India sees zero unicorn in 2023 1st half as startup funding nosedives 70%   There was no new unicorn in India in the first half of 2023 as startup funding plunged more than 70 per cent in the January-June period from a year ago, signalling that the funding winter is here to stay as several top unicorns continue to face economic downturn. The first six months witnessed Indian startups raise just $5.48 billion, from $19.5 billion they raised during the same period last year, according to data by market intelligence firm Tracxn shared with IANS. In the f...
India sees zero unicorn in 2023 1st half as startup funding nosedives 70%
India sees zero unicorn in 2023 1st half as startup funding nosedives 70%
Source: IANS
1/07/2023 11:07:52 AM
No new unicorn in India in 2023 1st half, startup funding plunges over 70% There was no new unicorn in India in the first half of 2023 as startup funding plunged more than 70 per cent in the January-June period from a year ago, signalling that the funding winter is here to stay as several top unicorns continue to face economic downturn. The first six months witnessed Indian startups raise just $5.48 billion, from $19.5 billion they raised during the same period last year, according to data by market intelligence firm Tracxn shared with IANS. In the first half ...
No new unicorn in India in 2023 1st half, startup funding plunges over 70%
No new unicorn in India in 2023 1st half, startup funding plunges over 70%
Source: IANS
30/06/2023 5:47:19 PM
Good Capital launches $50 mn fund to back startups leveraging AI Seed-stage, India-focused VC firm Good Capital on Friday announced a new $50 million fund to back founders who are leveraging AI for distribution, personalisation or business operations. Good Capital said it is deploying the fund with target cheques of up to $1.5 million over the next 4 years.  The VC firm has been an early investor in unicorns such as Meesho and LEAD School.  “Integrating AI is now table stakes for any startup. Much like the platform shift to mobile ...
Good Capital launches $50 mn fund to back startups leveraging AI
Good Capital launches $50 mn fund to back startups leveraging AI
Source: IANS
30/06/2023 10:42:23 AM
Visa acquires fintech startup Pismo for $1 billion  Credit card major Visa has acquired Pismo, a cloud-native issuer processing and core banking platform, for $1 billion in cash. Pismo has operations in Latin America, Asia Pacific and Europe. The fintech startup also has some customers in India, Southeast Asia and Australia. With the acquisition, Visa will be positioned to provide core banking and issuer processing capabilities across debit, prepaid, credit and commercial cards for clients via cloud native application programmin...
Visa acquires fintech startup Pismo for $1 billion
Visa acquires fintech startup Pismo for $1 billion
Source: IANS
29/06/2023 11:52:49 AM
Gurugram set to host two more G20 meetings in July After hosting the G20 Anti-Corruption Working Group and Agriculture Working Group meetings in Haryana in March, the state government is now preparing to host two more G20 meetings in July in Gurugram. The first event is Startups 20 Shikhar to be organized by the Department of Industrial Policy and Promotion (DIPP) and the Centre in collaboration with the state government from July 3 and 4. The second event is the Conference on Crime and Security in the Age of NFTs, AI, and Metaverse wil...
Gurugram set to host two more G20 meetings in July
Gurugram set to host two more G20 meetings in July
Source: IANS
28/06/2023 5:31:49 PM
Google unveils new AI tools for India, announces accelerator programme for ONDC Google on Wednesday announced several artificial intelligence (AI) tools and technologies for India to support growth and innovation among local developers, along with launching an accelerator programme for ONDC. Google Cloud is launching an accelerator programme for the government’s ecommerce initiative ONDC to help digital sellers build and scale their digital commerce operations.  As part of this initiative, the company is open sourcing a ready implementation of ONDC infra...
Google unveils new AI tools for India, announces accelerator programme for ONDC
Google unveils new AI tools for India, announces accelerator programme for ONDC
Source: IANS
28/06/2023 12:56:54 PM
Meta launches $250K Mixed Reality fund for Indian startups, developers  Meta on Wednesday announced a new Mixed Reality (MR) programme in India that includes a grant of $250,000 for the homegrown startups and developers to build apps and experiences. They can build apps using Meta’s Presence Platform -- the company's broad range of machine perception and AI capabilities for the Meta Quest Platform and metaverse.  According to the company, the fund seeks to nurture innovation and build an ecosystem of XR technologies in the country. ...
Meta launches $250K Mixed Reality fund for Indian startups, developers
Meta launches $250K Mixed Reality fund for Indian startups, developers
Source: IANS
28/06/2023 12:42:27 PM
ASK Private Wealth Hurun India Future Unicorn Index 2023 : INDIA IS CURRENTLY HOME TO 83 UNICORNS, 51 GAZELLES, AND 96 CHEETAHS * INDIA IS CURRENTLY HOME TO 83 UNICORNS, 51 GAZELLES, AND 96 CHEETAHS, AS AGAINST 84 UNICORNS, 51 GAZELLES, AND 71 CHEETAHS IN THE 2022 INDEX. * MORE THAN 80% OF THE STARTUPS THAT ACHIEVED UNICORN STATUS IN INDIA LAST YEAR HAILED FROM ASK PRIVATE WEALTH HURUN INDIA FUTURE UNICORN INDEX. * 24 FROM THE LIST TURNED UNICORNS LAST YEAR AND 3 TURNED THIS YEAR, INDICATING A SLOWDOWN IN INDIA’S STARTUP ECOSYSTEM. * 8 GAZELLES DEMOTED TO CHEETAHS AND ANOTHER 19 DROPPED OUT OF THE INDEX...
ASK Private Wealth Hurun India Future Unicorn Index 2023 : INDIA IS CURRENTLY HOME TO 83 UNICORNS, 51 GAZELLES, AND 96 CHEETAHS
ASK Private Wealth Hurun India Future Unicorn Index 2023 : INDIA IS CURRENTLY HOME TO 83 UNICORNS, 51 GAZELLES, AND 96 CHEETAHS
Source: PR Agency
27/06/2023 4:36:34 PM
Interakt`s Highly Anticipated WhatsApp on Wheels (WoW) Event Empowers Mumbai`s D2C Brands and Startup Founders to Thrive in the Digital Age  Interakt, a leading provider of conversational commerce solutions, successfully hosted the 6th edition of their flagship event, WhatsApp on Wheels (WoW), at Taj Santacruz in Mumbai. This event brought together 250+ market leaders, industry experts, and D2C brand owners, providing them with valuable insights into the power of WhatsApp in driving business growth. WhatsApp on Wheels is an exclusive event series organized by Interakt, aimed at empowering Indian D2C brands and startup fou...
Interakt`s Highly Anticipated WhatsApp on Wheels (WoW) Event Empowers Mumbai`s D2C Brands and Startup Founders to Thrive in the Digital Age
Interakt`s Highly Anticipated WhatsApp on Wheels (WoW) Event Empowers Mumbai`s D2C Brands and Startup Founders to Thrive in the Digital Age
Source: PR Agency
20/06/2023 12:50:53 PM
SMEStreet League of Mentors Proudly Welcomes Mr Deepak Maheshwari as the Chairperson for MSME & Startups - Finance & Growth Committee of 2023-24 SMEStreet is excited to Welcome Mr Deepak Maheshwari as the chairperson of 2023’s MSME & Startups - Finance & Growth Committee of SMEStreet League of Mentors. Mr Maheshwari will also be the permanent Mentor of the SMEStreet League of Mentors which aims to ensure easy access of expertise for MSMEs and Startups.     “Finance for MSMEs and scaling of Startups are very crucial areas requiring serious attention for the growth of our co...
SMEStreet League of Mentors Proudly Welcomes Mr Deepak Maheshwari as the Chairperson for MSME & Startups - Finance & Growth Committee of 2023-24
SMEStreet League of Mentors Proudly Welcomes Mr Deepak Maheshwari as the Chairperson for MSME & Startups - Finance & Growth Committee of 2023-24
Source: PR Agency
20/06/2023 12:47:09 PM
Curtain raiser for Investor Connect to bring startups, investors held in Bengaluru  A curtain raiser event for Investor Connect to bring together startups and investors was held in Bengaluru on Saturday. BHIVE workspace in partnership with India Startup Foundation hosted the curtain raiser event. J.A. Chowdary, Chairperson and Convenor of India Startup Foundation, said: "With a vision to reimagine the startup landscape in India, we are committed to empowering entrepreneurs and fostering a fledgling startup community that will enable them to unleash their ful...
Curtain raiser for Investor Connect to bring startups, investors held in Bengaluru
Curtain raiser for Investor Connect to bring startups, investors held in Bengaluru
Source: IANS
18/06/2023 8:44:06 AM
Peak XV to further empower Indian startups: Sequoia's Roelof Botha Sequoia Capital India and Southeast Asia (SEA), now known as Peak XV Partners, will now operate as an independent firm that will provide more flexibility to further strengthen the market leadership position, Sequoia Capital's Managing Partner Roelof Botha said on Wednesday. Sequoia India and SEA is the largest venture capital firm in the region, managing over $9.2 billion across 13 funds. "Sequoia India and SEA have flourished under Shailendra Singh's leadership and we are ...
Peak XV to further empower Indian startups: Sequoia's Roelof Botha
Peak XV to further empower Indian startups: Sequoia's Roelof Botha
Source: IANS
15/06/2023 9:48:05 AM
NABVENTURES backs Satyukt Analytics, a satellite agri analytics startup, with an investment of INR 10 Crore NABVENTURES, a venture growth equity fund backed by NABARD (National Bank for Agriculture and Rural Development), has announced an investment of INR 10 crore in Satyukt Analytics Private Limited, a Bengaluru-based agri analytics startup. Founded in 2018 with a core team of scientists, Satyukt deploys satellite technology and machine learning to provide SaaS-based advisory services to farmers. NABVENTURES’ investment, part of a pre-Series A funding round for Satyukt, will enable them ...
NABVENTURES backs Satyukt Analytics, a satellite agri analytics startup, with an investment of INR 10 Crore
NABVENTURES backs Satyukt Analytics, a satellite agri analytics startup, with an investment of INR 10 Crore
Source: PR Agency
14/06/2023 1:44:47 PM
Indian space startup's Azista BST's satellite orbited by SpaceX's Falcon 9 rocket Indian space sector startup Azista BST Aerospace Pvt Ltd's first remote sensing satellite ABA First Runner (AFR) was successfully orbited by SpaceX's Falcon 9 rocket. According to SpaceX, the rocket on a dedicated rideshare mission carried 72 spacecraft that includes CubeSats, MicroSats and others and one of them was the Ahmedabad-based Azista BST Aerospace's 80 kg satellite AFR. Azista BST Aerospace is an Indo-German satellite manufacturing joint venture floated by India...
Indian space startup's Azista BST's satellite orbited by SpaceX's Falcon 9 rocket
Indian space startup's Azista BST's satellite orbited by SpaceX's Falcon 9 rocket
Source: IANS
13/06/2023 12:32:29 PM
Salesforce to invest $500 mn in generative AI startups, unveils AI Cloud  Enterprise software major salesforce has committed $500 million to invest in generative artificial intelligence (AI) startups. The investment, an expansion from earlier $250 million to $500 million now, is part of its Generative AI Fund to support startups developing "responsible generative AI". According to Salesforce Ventures managing partner Paul Drews, it will help the company to "work with even more entrepreneurs, accelerating the development of transformative ...
Salesforce to invest $500 mn in generative AI startups, unveils AI Cloud
Salesforce to invest $500 mn in generative AI startups, unveils AI Cloud
Source: IANS
13/06/2023 11:04:37 AM
PHDCCI hosts a conference highlighting the Importance of GIFT City in Facilitating Investments for Indian StartUps The PHD Chamber of Commerce and Industry (PHDCCI), on June 8th, 2023 organized a conference at its headquarters, themed, "Importance of GIFT City in Attracting Foreign Funds for Indian StartUps and Tax Incentives for Indian Businesses." It aimed to provide a platform for industry stakeholders to discuss and explore the immense potential of GIFT City (Gujarat International Finance Tech City) in facilitating foreign investment in the Indian StartUp ecosystem. The conference featured e...
PHDCCI hosts a conference highlighting the Importance of GIFT City in Facilitating Investments for Indian StartUps
PHDCCI hosts a conference highlighting the Importance of GIFT City in Facilitating Investments for Indian StartUps
Source: PR Agency
12/06/2023 5:20:51 PM
Kerala startup selected for UN's 'Accelerator Programme' A Kerala-based startup, Farmers Fresh Zone (FarmersFZ), has been selected for the 'Accelerator Programme by the Food and Agriculture Organisation (FAO) of the UN. FarmersFZ has figured in the list of 12 agri-food startups around the world for the UN body to develop business. The Kochi-based multichannel marketplace platform, which functions under the Kerala Startup Mission (KSUM), is one among India's two startups to qualify for the 'Accelerator Programme'. Its ultimate ...
Kerala startup selected for UN's 'Accelerator Programme'
Kerala startup selected for UN's 'Accelerator Programme'
Source: IANS
7/06/2023 11:56:28 AM