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Founders of 28 Indian new-age startups took home Rs 284 crore as salary in FY24 A total of 51 founders of 28 Indian new-age startup companies in the country took home Rs 283.5 crore as an annual salary in FY24.  According to the Inc42 report, "The average salary of startup founders in India declined by 26.9 per cent on year-on-year (YoY) basis to Rs 5.55 crore in FY 24 from Rs 7.6 crore in FY23." These new-age startups are from across all sectors. Among all these startups, Supam Maheshwari, founder of e-commerce startup FirstCry, took home the hig...
Founders of 28 Indian new-age startups took home Rs 284 crore as salary in FY24
Founders of 28 Indian new-age startups took home Rs 284 crore as salary in FY24
Source: IANS
2024-12-22 01:42:15 pm
India tech startups funding grows 6 pc to $11.3 bn in 2024, 3rd globally India’s tech startup ecosystem garnered $11.3 billion in funding in 2024, a 6 per cent increase from $10.7 billion in 2023, according to a report on Thursday.  In the second half (H2) of 2024, the tech startups received $5.32 billion across 540 funding rounds, a growth of 8 per cent from H2 2023 where $4.92 billion was raised across 890 rounds, according to Tracxn data. India ranked third in funding, behind only the US and the UK, and ahead of China and Germany. “The...
India tech startups funding grows 6 pc to $11.3 bn in 2024, 3rd globally
India tech startups funding grows 6 pc to $11.3 bn in 2024, 3rd globally
Source: IANS
2024-12-19 12:38:23 pm
Startups have potential to contribute $120 billion to India`s GDP by 2030 Startups will be a core driver of India’s economic growth this ‘Techade,’ likely to contribute nearly $120 billion (or 1.6 per cent) to the country’s GDP by 2030, which will be nearly 3.5 times jump from $35 billion in 2023, according to a new report.  Given that most developed economies see between 5-10 per cent of their GDP being contributed by Tech startups, India’s journey has only just begun, according to the report by venture capital firm Kalaari Ca...
Startups have potential to contribute $120 billion to India`s GDP by 2030
Startups have potential to contribute $120 billion to India`s GDP by 2030
Source: IANS
2024-12-19 10:39:02 am
40 Indian startups secure over $787 million in funding this week  In a significant week for the Indian startup ecosystem, nearly 40 startups secured more than $787 million in funding as the economy remained resilient amid the geo-political conditions.  These deals included 16 growth-stage deals and 23 early-stage ones. This is a massive jump from $250 million raised cumulatively across 18 deals last week. Cloud kitchen unicorn Rebel Foods led the funding with $210 million led by Temasek in a mix of primary and secondary share sales. Rebe...
40 Indian startups secure over $787 million in funding this week
40 Indian startups secure over $787 million in funding this week
Source: IANS
2024-12-14 05:07:46 pm
73 pc of e-commerce, tech startups planning workforce expansion in India About 73 per cent of the e-commerce and tech startups are planning workforce expansion, signalling a net employment change of 8.9 per cent, a report showed on Wednesday.  This surge is fuelled by advancements in AI, the rise of Web 3.0 applications, and the increasing adoption of direct-to-consumer (D2C) models, said the ‘Employment Outlook Report’ for October 2024 to March 2025 by TeamLease Services. Employee retention has also taken centre stage. With 88 per cent of e...
73 pc of e-commerce, tech startups planning workforce expansion in India
73 pc of e-commerce, tech startups planning workforce expansion in India
Source: IANS
2024-12-11 03:05:04 pm
Women now own 20.5 pc of MSMEs in India, startups surge in tier 2 and 3 cities Women now own 20.5 per cent of micro, small and medium enterprises (MSMEs) in India as approximately 45 per cent of startups now originate from tier 2 and 3 cities, indicating a significant shift towards regional entrepreneurial growth, according to a report on Wednesday.  Over 1,000 incubators across the country are facilitating access to resources, mentorship, and funding, said the KPMG in India report. Initiatives like the Women Entrepreneurship Platform (WEP) and Pradhan Mantri...
Women now own 20.5 pc of MSMEs in India, startups surge in tier 2 and 3 cities
Women now own 20.5 pc of MSMEs in India, startups surge in tier 2 and 3 cities
Source: IANS
2024-12-11 01:42:12 pm
73,151 startups in India now have at least one woman Director: Centre Nearly 73,151 startups in India now have at least one woman Director -- nearly half of the 1,52,139 startups supported by the government, thus showcasing the crucial role women play in driving innovation and economic growth, a government statement said on Tuesday.  Women entrepreneurs are emerging as radiant beacons of innovation and resilience, transforming industries and breaking barriers with their visionary leadership, according to the Ministry of Commerce and Industry statement. ...
73,151 startups in India now have at least one woman Director: Centre
73,151 startups in India now have at least one woman Director: Centre
Source: IANS
2024-12-11 08:47:29 am
Building India`s Digital Future : Developers and Startups Lead the Blockchain Revolution at the Algorand India Summit 2024 The Algorand Foundation concluded its second annual India Summit in Hyderabad this year, with two packed days of workshops, pitch competitions and project spotlights demonstrating the real-world utility of blockchain solutions being built on the world-leading Algorand protocol.   India has one of the fastest growing blockchain ecosystems in the world, with over 1000 blockchain startups and the third-largest Web3 founder base. With a growth of more than 80% from the previous ...
Building India`s Digital Future : Developers and Startups Lead the Blockchain Revolution at the Algorand India Summit 2024
Building India`s Digital Future : Developers and Startups Lead the Blockchain Revolution at the Algorand India Summit 2024
Source: PR Agency
2024-12-10 09:49:06 am
Women-led startups thriving across 600+ districts in India: Jitin Prasada  Startups led by women are thriving across more than 600 districts in India's tech ecosystem, said Minister of State for Electronics and Information Technology (MeitY) Jitin Prasada. Prasada stated that more than half of the startups in these districts are being led by women. He said this while inaugurating the 4th edition of the India Internet Governance Forum (IIGF) at Bharat Mandapam.  This year’s theme, “Innovating Internet Governance for India”, h...
Women-led startups thriving across 600+ districts in India: Jitin Prasada
Women-led startups thriving across 600+ districts in India: Jitin Prasada
Source: IANS
2024-12-10 09:10:33 am
India, Norway forge deeper economic ties, plan to launch startup bridge  Union Commerce and Industry Minister Piyush Goyal on Sunday proposed to launch a startup bridge between Norway and India, as the two countries discuss various ways to boost trade ties.  Norwegian Ambassador to India, May-Elin Stener, suggested that the startup initiative could be launched during the Indo-Nordic summit next year. Addressing the India-Norway Business Forum here, organised by the Confederation of Indian Industry (CII) in collaboration with the Department for Pro...
India, Norway forge deeper economic ties, plan to launch startup bridge
India, Norway forge deeper economic ties, plan to launch startup bridge
Source: IANS
2024-12-09 09:07:43 am
Indian startups raise $250 million across 18 deals this week, up 72 pc The Indian startup ecosystem saw its cumulative funding reach $250 million across 18 deals this week, a significant 72 per cent increase.  Domestic startups had raised more than $145 million last week, as investor confidence revived in the country when it came to VC funding. Global investment group Prosus disclosed it infused $100 million in NBFC Vastu Housing Finance and $80 million in fintech Mintifi. AI-enabled customer feedback intelligence platform Enterpret raised $20.8 mi...
Indian startups raise $250 million across 18 deals this week, up 72 pc
Indian startups raise $250 million across 18 deals this week, up 72 pc
Source: IANS
2024-12-07 04:56:02 pm
Over 3.13 lakh enterprises supported under Startup Village Entrepreneurship Programme: Centre A total of 3,13,464 enterprises have been supported under the Startup Village Entrepreneurship Programme (SVEP) to date, according to the government.  Minister of State for Rural Development, Dr Chandra Sekhar Pemmasani, said in a written reply in Rajya Sabha that so far, total central share releases to states/UTs under the SVEP amount is Rs 561.13 crore. SVEP has been approved in 429 blocks across 31 states/UTs including Puducherry. Out of which, in 280 blocks, detailed project re...
Over 3.13 lakh enterprises supported under Startup Village Entrepreneurship Programme: Centre
Over 3.13 lakh enterprises supported under Startup Village Entrepreneurship Programme: Centre
Source: IANS
2024-12-07 10:53:16 am
Recognised startups create over 16.6 lakh direct jobs Recognised startups in India have created over 16.6 lakh direct jobs across more than 55 varied industries, the Parliament was informed on Friday.  The highest number of direct jobs were created in the IT sector (2,04,119), followed by healthcare and life sciences (1,47,639), and professional and commercial services (94,060), Minister of Commerce and Industry, Piyush Goyal, told the Rajya Sabha in a written reply. Startups in the fields of education (90,414), human resources (87,98...
Recognised startups create over 16.6 lakh direct jobs
Recognised startups create over 16.6 lakh direct jobs
Source: IANS
2024-12-07 09:21:39 am
Kerala a jewel in India's startup crown: Shashi Tharoor Senior Congress leader and Lok Sabha MP from Thiruvananthapuram, Shashi Tharoor, has said that Kerala's startup ecosystem has become a glittering jewel in the crown of India's fast-growing startup landscape by demonstrating its prowess in innovation, inventiveness, sustainability, and inclusiveness.   Tharoor, a four-time Lok Sabha MP, said this while speaking at the Huddle Global 2024, India's flagship startup conclave, here on Saturday. Tharoor, an eminent writer, fo...
Kerala a jewel in India's startup crown: Shashi Tharoor
Kerala a jewel in India's startup crown: Shashi Tharoor
Source: IANS
2024-11-30 05:34:04 pm
Indian startups raise $145 mn in funding this week The domestic startup ecosystem raised more than $145 million, as investor confidence is reviving in the country when it comes to VC funding.  Publicly-listed gaming firm Nazara raised $101.3 million via a preferential share issue, led by investors like SBI Mutual Fund, Caratlane founder Mithun Sacheti, and Aamara Capital. ShopDeck, a direct-to-consumer (D2C) e-commerce enabler, raised $8 million in funding led by Bessemer Venture Partners, with participation from Elevation Capital,...
Indian startups raise $145 mn in funding this week
Indian startups raise $145 mn in funding this week
Source: IANS
2024-11-30 05:30:26 pm
IIT Delhi`s IHFC, Google to support 33 early stage startups on their AI journey I-Hub Foundation for Cobotics (IHFC), Technology Innovation Hub of IIT Delhi, and Google for Startups have partnered to organise a three-day intensive bootcamp to support 33 early-stage startups on their Artificial Intelligence (AI) journey, the institute said on Saturday.  The programme aimed to help early-stage startups harness AI to address global challenges across sectors like healthcare, climate, agriculture, education, financial inclusion, and infrastructure. The bootcamp, AI...
IIT Delhi`s IHFC, Google to support 33 early stage startups on their AI journey
IIT Delhi`s IHFC, Google to support 33 early stage startups on their AI journey
Source: IANS
2024-11-30 01:39:55 pm
Indian startups raise $9.2 bn VC funding during Jan-Oct About 984 venture capital (VC) funding deals were announced in India during January-October 2024, and the total disclosed funding value of these jumped by 44.4 per cent YoY to $9.2 billion during the same period, according to a report on Friday.  The report by GlobalData, a data and analytics company, showed a year-on-year (YoY) improvement of 5.8 per cent in deal volume. During the same period in 2023, a total of 930 VC deals were announced in India with the total disclosed fundin...
Indian startups raise $9.2 bn VC funding during Jan-Oct
Indian startups raise $9.2 bn VC funding during Jan-Oct
Source: IANS
2024-11-29 11:07:42 am
Government to help build robust ecosystem of over 2,000 interactive entertainment startups The government on Tuesday announced to help build a robust ecosystem of over 2,000 interactive entertainment startups, as India’s interactive entertainment sector is projected to grow to $60 billion by 2034, creating over 20 lakh jobs.  Towards this goal, the Department for Promotion of Industry and Internal Trade (DPIIT) collaborated with social gaming and interactive entertainment platform WinZO which would focus on building an ecosystem of over 2,000 startups, innovators, and...
Government to help build robust ecosystem of over 2,000 interactive entertainment startups
Government to help build robust ecosystem of over 2,000 interactive entertainment startups
Source: IANS
2024-11-26 05:54:32 pm
India sees over 226 pc surge in startup funding at $596 mn this week The Indian startup ecosystem bounced back this week in terms of raising funds, clocking more than 226 per cent surge with securing around $596 million in total.   Last week, at least 24 Indian startups secured nearly $182.62 million, led by three growth-stage deals and 19 early-stage deals. Between November 18-23, at least 23 startups raised $596 million which included six growth-stage deals and 15 early-stage deals. Quick-commerce platform Zepto raised $350 million in a round l...
India sees over 226 pc surge in startup funding at $596 mn this week
India sees over 226 pc surge in startup funding at $596 mn this week
Source: IANS
2024-11-23 03:54:53 pm
Indian startups raise over $182 million in funding this week The Indian startup ecosystem raised more than $182 million in funding this week, a substantial gain from last week’s $138 million funding.  At least 24 Indian startups secured nearly $182.62 million, led by three growth-stage deals and 19 early-stage deals. Rural household-focused platform SarvaGram raised Rs 565 crore (around $67 million) in Series D equity funding led by Peak XV Partners. The round also saw participation from existing shareholders viz. Elevar Equity, Elevat...
Indian startups raise over $182 million in funding this week
Indian startups raise over $182 million in funding this week
Source: IANS
2024-11-16 06:06:30 pm
Bengaluru Tech Summit 2024 to host 2,500 plus startup attendees The 27th edition of Bengaluru Tech Summit (BTS) 2024, organised by Karnataka's Electronics, IT, and Biotechnology Department, is set to take place from November 19-21 at Bengaluru Palace here.   The BTS 2024 will host more than 2,500 startup attendees, said an official statement by the Karnataka IT and Biotechnology Department.  This year, the central theme of BTS, 'Breaking Boundaries', is being elevated to the next level with 'Unbound'.  BTS 2024...
Bengaluru Tech Summit 2024 to host 2,500 plus startup attendees
Bengaluru Tech Summit 2024 to host 2,500 plus startup attendees
Source: IANS
2024-11-16 08:45:22 am
Venture debt funding propels Indian fintech, EV startups The venture debt market in India is steadily growing, mirroring the early days of venture capital, particularly in the emerging startup sectors such as fintech and electric vehicles (EVs), a report showed on Thursday.  Indian founders are increasingly turning to venture debt to bridge funding gaps and avoid excessive equity dilution, according to the report by global investment institution Lighthouse Canton. This shift has been primarily driven by the scarcity of equity funding in ...
Venture debt funding propels Indian fintech, EV startups
Venture debt funding propels Indian fintech, EV startups
Source: IANS
2024-11-14 03:56:40 pm
Karnataka takes the lead in emerging technology, with 33% of India`s Web3 startups: BWA Report The Bharat Web3 Association, India’s leading Web3 association, released a report today titled “India’s Web3 Revolution: A Compendium of Web3 Firms Led by Indian Innovators," a groundbreaking report that sheds light on the transformative impact of Web3 technologies in India. This comprehensive compendium showcases over 400 pioneering companies at the forefront of the Web3 sector, highlighting the remarkable diversity and innovation driving India&...
Karnataka takes the lead in emerging technology, with 33% of India`s Web3 startups: BWA Report
Karnataka takes the lead in emerging technology, with 33% of India`s Web3 startups: BWA Report
Source: PR Agency
2024-11-12 05:55:36 pm
Indian startups raise over $138 million this week The Indian startup ecosystem raised more than $138 million this week which includes three growth-stage funding and 20 early-stage deals.   At least 25 domestic startups raised nearly $138.7 million in funding. Fintech and deeptech startups led the rounds, with $50 million funding in two deals. Fintech startup Easy Home Finance raised $35 million in its Series B funding round. The round was led by Claypond Capital and Sumitomo Mitsui Banking Corporation’s Asia Rising Fund. ...
Indian startups raise over $138 million this week
Indian startups raise over $138 million this week
Source: IANS
2024-11-09 04:17:52 pm
I-STEM launches first project to boost research facilities, labs in Ladakh I-STEM (Indian Science, Technology, and Engineering facilities Map), an initiative from the Office of Principal Scientific Adviser, on Friday said it has made efforts to revolutionise research collaboration for the first time in the Ladakh region by enhancing industries and Startups’ accessibility to research facilities and labs.  I-STEM is a comprehensive aggregator, connecting researchers to publicly funded laboratories and scientific equipment across India. To boost resear...
I-STEM launches first project to boost research facilities, labs in Ladakh
I-STEM launches first project to boost research facilities, labs in Ladakh
Source: IANS
2024-11-08 12:43:09 pm
Google Cloud unveils new initiatives to empower AI startups in India Google Cloud is committed to empowering artificial intelligence (AI) startups in India to drive innovation and growth, the tech giant said on Thursday, as it unveiled several new initiatives at an event here.  At its ‘AI Startups Summit’, the company announced several programmes and partnerships designed to accelerate the growth of AI startups in the country. These programmes support early-stage AI founders by helping them build, grow, and gain customers for their solut...
Google Cloud unveils new initiatives to empower AI startups in India
Google Cloud unveils new initiatives to empower AI startups in India
Source: IANS
2024-11-08 10:02:19 am
US startup Axiom Space explores using Indian rockets for space mission U.S.-based startup Axiom Space is exploring using Indian launch vehicles to support its international space station mission, a senior executive said on Tuesday. Axiom Space is one of the few companies constructing a private space station, intended to eventually replace the International Space Station (ISS), which the U.S. National Aeronautics and Space Administration (NASA) expects to retire around 2030. Pearly Pandya, director of Axiom's international government business, said that...
US startup Axiom Space explores using Indian rockets for space mission
US startup Axiom Space explores using Indian rockets for space mission
Source: Reuters
2024-11-05 03:31:42 pm
Indian startups raise $12.2 bn, surpass 2023 figure with 2 months to go The Indian startup ecosystem has reached $12.2 billion in funding in the first 10 months this year, crossing the total amount raised throughout 2023 (about $11 billion), with two months to go.  Homegrown startups surpassed $1 billion in funding again across 119 deals in the month of October. September saw the second-highest funding with $1.63 billion, behind the peak of $1.92 billion registered in June. In October, the growth and late-stage funding segment comprised 28 deals, contr...
Indian startups raise $12.2 bn, surpass 2023 figure with 2 months to go
Indian startups raise $12.2 bn, surpass 2023 figure with 2 months to go
Source: IANS
2024-11-03 08:43:19 am
21 Indian startups raise nearly $187 million this week The Indian startup ecosystem raised around $187 million in funding this week, that included four growth-stage and 13 early-stage deals.  At least 21 domestic startups cumulatively raised $187 million across 10 deals between October 21-26. Last week, 39 early and growth-stage startups had raised around $450 million in funding. This week, Singapore’s sovereign wealth fund Temasek made an additional investment of $60 million in edtech platform Upgrad. Healthtech platform Heal...
21 Indian startups raise nearly $187 million this week
21 Indian startups raise nearly $187 million this week
Source: IANS
2024-10-27 09:27:39 am
Centre joins HCLSoftware to boost startup manufacturing ecosystem In a bid to transform the startup manufacturing ecosystem, the government has formed a strategic partnership with HCLSoftware, a global leader in software solutions.  Under the 'Manufacturing Incubation Initiative,’ startups will have access to the ‘HCL SYNC programme for global market exposure, allowing them to showcase their products and services worldwide, thus taking Indian innovation to an international audience. The collaboration marks a substantial step forwa...
Centre joins HCLSoftware to boost startup manufacturing ecosystem
Centre joins HCLSoftware to boost startup manufacturing ecosystem
Source: IANS
2024-10-26 11:27:03 am
Government working tirelessly to create conducive innovation ecosystem for startups: Minister  The government has been working tirelessly under the leadership of Prime Minister Narendra Modi to create an ecosystem that is conducive to growth of businesses and, in particular, startupsj Speaking at an event during the ‘ITU-WTSA 2024’ in the national capital, the minister said “we are at a pivotal point where emerging technologies are converging and laying the foundation of a new world”. Since the launch of “Startup India, Standup India” ini...
Government working tirelessly to create conducive innovation ecosystem for startups: Minister
Government working tirelessly to create conducive innovation ecosystem for startups: Minister
Source: IANS
2024-10-24 10:16:04 am
Indian Genomics Startup HaystackAnalytics Cracks Rare Diagnosis in Kerala Missed by Global Tests In a remarkable breakthrough for precision diagnostics, HaystackAnalytics infexn NGS  diagnostic test  has successfully diagnosed a 75-year-old man from Kerala, suffering from a rare infection, known as Murine Typhus caused by an intracellular bacteria or Rickettsia typhi transmitted by fleas. This remarkable achievement was made possible within 20 hours of sample collection using the  indigenous next generation sequencing based infexn™? NGS product developed by...
Indian Genomics Startup HaystackAnalytics Cracks Rare Diagnosis in Kerala Missed by Global Tests
Indian Genomics Startup HaystackAnalytics Cracks Rare Diagnosis in Kerala Missed by Global Tests
Source: PR Agency
2024-10-22 12:45:26 pm
Zepto CEO credits Modi government for mushrooming of start-ups Aadit Palicha, Co-Founder & CEO of Zepto on Monday credited Modi government for creating an 'enabling' atmosphere for mushrooming of start-ups and expressed optimism that the the greenhorn businesses will power the next phase of growth.   Speaking to the media persons on the sidelines of the NDTV World Summit, Aadit Palicha said, "This is India's century. Thanks to the government's work in providing the infrastructure needed to build such exceptional companies...
Zepto CEO credits Modi government for mushrooming of start-ups
Zepto CEO credits Modi government for mushrooming of start-ups
Source: IANS
2024-10-21 04:51:13 pm
Funding momentum bounces back for Indian startups with over 300 pc jump  The funding momentum bounced back for the Indian startup ecosystem this week, with 39 startups raising around $449 million across 29 deals -- an over 300 per cent jump from the $135 million raised last week.  This week saw 12 growth-stage and 16 early-stage deals. The seed funding stood at $26.5 million, a surge of 48.8 per cent from previous week’s $17.8 million, which means that investment activity in the startup ecosystem gained momentum. Edtech startup Eruditus rais...
Funding momentum bounces back for Indian startups with over 300 pc jump
Funding momentum bounces back for Indian startups with over 300 pc jump
Source: IANS
2024-10-20 08:44:31 am
India now ranks 6th in share of GenAI startups among major economies India’s Generative AI (GenAI) ecosystem saw the total number of startups surging 3.6 times, from over 66 in the first half of 2023 to more than 240 in the first half this year, a Nasscom report said on Wednesday. India now ranks sixth globally in the share of GenAI startup ecosystems among major economies.  Despite an early-stage focus, the GenAI startups attracted over $750 million in cumulative funding since 2023, with 75 per cent startups in the January-June period in 2024 no...
India now ranks 6th in share of GenAI startups among major economies
India now ranks 6th in share of GenAI startups among major economies
Source: IANS
2024-10-16 01:47:10 pm
Indian fintech startups secure $778 million in Q3, 2nd globally after the US The Indian fintech startup ecosystem secured $778 million in funding in the July-September period, reaching second spot globally after the US in terms of fintech funding raised in the third quarter, according to a report on Tuesday.  This growth can be credited to government initiatives such as the promotion of digital payments through UPI, with over 14 billion transactions processed in May, the JAM-Trinity initiative integrating Aadhaar with bank accounts and mobile numbers, and the ...
Indian fintech startups secure $778 million in Q3, 2nd globally after the US
Indian fintech startups secure $778 million in Q3, 2nd globally after the US
Source: IANS
2024-10-15 01:40:22 pm
32 Indian startups raise $135 million in funding this week At least 32 domestic startups secured nearly $135 million in funding this week, which saw four growth-stage deals and 22 early-stage deals in a significant jump of over 45 per cent from last week.  Deeptech startups emerged as leader this week as Industrial robotics maker Haber raised Rs 317.2 crore (approximately $38 million) in its Series C round, led by Creaegis with participation from Accel India and BEENEXT Capital. Software-as-a-service (SaaS) platform Spry Therapeutics raise...
32 Indian startups raise $135 million in funding this week
32 Indian startups raise $135 million in funding this week
Source: IANS
2024-10-13 08:52:31 am
Time to embrace modern tech for India`s inclusive growth: Startup founders India has the golden opportunity to embrace technology as a great enabler and multiplier, driving India’s inclusive growth, industry experts and startup founders have stressed.  The startup ecosystem will generate more employment and there is a need to strengthen the policy ecosystem further, according to Sunil Kant Munjal, Chairman, Hero Enterprises. “This is the phenomenal time to embrace the opportunity to turn the youth to valuable resources and embrace technology a...
Time to embrace modern tech for India`s inclusive growth: Startup founders
Time to embrace modern tech for India`s inclusive growth: Startup founders
Source: IANS
2024-10-11 09:58:16 am
Equirus InnovateX Fund Leads $1 Million Seed Round in Data Engineering Startup, Datazip Equirus InnovateX Fund (EIF) has announced its latest investment in Datazip, a cutting-edge data engineering startup, leading a $1 million seed round with a substantial contribution of INR 6 crores. This marks EIF's second investment from their $30 million tech-focused venture capital fund, emphasizing their commitment to supporting innovative technology-driven startups. Datazip is co-founded by a stellar team of industry experts including Mr.Sandeep Devarapalli is an IIST and IIM Ahme...
Equirus InnovateX Fund Leads $1 Million Seed Round in Data Engineering Startup, Datazip
Equirus InnovateX Fund Leads $1 Million Seed Round in Data Engineering Startup, Datazip
Source: PR Agency
2024-10-10 12:50:53 pm
Rs 1,000 cr earmarked for venture fund to Indian space startups: Minister The government on Sunday said it has earmarked Rs 1,000 crore for venture fund to space startups, an indication of high priority that the government gives to the space sector.  Union Minister of State (Independent Charge) for Science and Technology, Dr Jitendra Singh, said the decision was taken within first 100 days of the Prime Minister Narendra Modi 3.0 government. “About four years back, as a revolutionary step, it was decided to open the space sector to private players. ...
Rs 1,000 cr earmarked for venture fund to Indian space startups: Minister
Rs 1,000 cr earmarked for venture fund to Indian space startups: Minister
Source: IANS
2024-10-07 09:09:52 am
Indian, EU startups fostering business collaboration in EV battery recycling Recycling electric vehicle (EV) batteries is a geopolitical and climate imperative and Indian and European startups in the field are pioneering innovation and fostering business collaboration, according to the government.  Emphasising the shared commitment of India and the EU to innovation, sustainability, and the transition to a circular economy, the Office of the Principal Scientific Adviser to the government met an EU delegation with representatives from startups in the space of ba...
Indian, EU startups fostering business collaboration in EV battery recycling
Indian, EU startups fostering business collaboration in EV battery recycling
Source: IANS
2024-10-05 10:14:58 am
More than 1,100 active incubators empowering Indian startup ecosystem There are more than 1,100 active incubators nurturing startups in the Indian ecosystem, according to a new report on Friday.  The joint research report, ‘India Incubator Kaleidoscope 2024’ was released by NSRCEL, the startup incubator at IIM Bangalore, and the Centre for Research on Start-ups and Risk Financing (CREST) IIT Madras in Bengaluru. It showed that the number of incubators in the Indian ecosystem has grown steadily, with Tier I cities housing almost half of al...
More than 1,100 active incubators empowering Indian startup ecosystem
More than 1,100 active incubators empowering Indian startup ecosystem
Source: IANS
2024-10-04 03:40:02 pm
Top Decile startup fund TDV Partners launches their new fund of Rs 50 Crore Early Stage focused micro VC firm Trillion Dollar Ventures has announced the launch of their second fund with a total corpus of Rs 50 Crore. The fund aims to back innovative founders with a global outlook from Day 1, supporting companies in the pre-seed and seed stages with cheque sizes ranging from Rs 1-2 crore per startup. The vision of the fund is to collaborate and nurture companies that can potentially become Trillion Dollar Ventures of tomorrow.  Founded in 2021, by Ujwal S...
Top Decile startup fund TDV Partners launches their new fund of Rs 50 Crore
Top Decile startup fund TDV Partners launches their new fund of Rs 50 Crore
Source: PR Agency
2024-10-03 02:03:35 pm
HCLSoftware's Startup SYNC Announces First-Ever Startup Cohort Program Focused on Retail and E-commerce Innovation HCLSoftware, the software division of HCLTech and a leading global provider of enterprise software solutions, today announced the successful launch of its first-ever startup cohort program, designed to foster innovation within the retail and e-commerce industry. This program, run by HCL Startup SYNC, aims to identify new software trends and create synergies with HCLSoftware's existing products and platforms.   Building Partnerships for a Thriving Future The program kick...
HCLSoftware's Startup SYNC Announces First-Ever Startup Cohort Program Focused on Retail and E-commerce Innovation
HCLSoftware's Startup SYNC Announces First-Ever Startup Cohort Program Focused on Retail and E-commerce Innovation
Source: PR Agency
2024-10-01 04:59:19 pm
29 Indian startups secure $461 million this week The Indian startup ecosystem continued its growth momentum this week with securing nearly $461 million which included 10 growth-stage deals.  At least 29 startups were part of the funding week, which saw 18 early-stage deals, as one startup kept financial details undisclosed. Global digital adoption platform (DAP) leader Whatfix secured $125 million in a Series E funding round, led by Warburg Pincus with participation from existing investor SoftBank Vision Fund 2. The investment wi...
29 Indian startups secure $461 million this week
29 Indian startups secure $461 million this week
Source: IANS
2024-09-28 05:02:16 pm
Indian tech startup ecosystem secures $7.6 bn in funding in 9 months, 6 new unicorns India’s tech startup ecosystem secured $7.6 billion funding in the nine months this year, along with witnessing six new unicorns, a massive 500 per cent increase compared to just one unicorn in 2023, a report showed on Tuesday.  The initial public offering (IPO) numbers have surged, with 29 tech companies going public in 2024 (year to date), compared to 15 during the same period in 2023, according to the report by Tracxn, a SaaS-based market intelligence platform. According t...
Indian tech startup ecosystem secures $7.6 bn in funding in 9 months, 6 new unicorns
Indian tech startup ecosystem secures $7.6 bn in funding in 9 months, 6 new unicorns
Source: IANS
2024-09-24 04:19:01 pm
36 Indian startups secure massive $628 mn in funding this week, a 174 pc surge  The Indian startup ecosystem saw massive funding flow this week at more than $628.24 million raised by 36 startups -- a whopping 174.5 per cent surge from last week.  The funding momentum was led by edtech company Physics Wallah (PW) which secured $210 billion in its Series B funding round and took the company’s valuation to $2.8 billion. The round was led by Hornbill Capital, with significant participation from Lightspeed Venture Partners, and existing investors GSV and W...
36 Indian startups secure massive $628 mn in funding this week, a 174 pc surge
36 Indian startups secure massive $628 mn in funding this week, a 174 pc surge
Source: IANS
2024-09-21 03:52:45 pm
India to get Centre of Excellence in quantum and 6G technologies In an effort to bolster India’s position in the sphere of quantum and 6G technologies, the Telecom Centre of Excellence (TCOE) India and Visvesvaraya Technological University (VTU) in Karnataka have joined hands to establish a Centre of Excellence (CoE) in quantum technology and related areas.  The centre, headquartered at VTU-Visvesvaraya Research and Innovation Foundation (VRIF) Bangalore, aims to accelerate India’s progress across these key sectors and is part of the 10...
India to get Centre of Excellence in quantum and 6G technologies
India to get Centre of Excellence in quantum and 6G technologies
Source: IANS
2024-09-20 09:29:00 am