News

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
Nasscom to nurture 37 homegrown GenAI startups in 2nd cohort IT industry’s apex body Nasscom on Thursday announced the selection of 37 Generative AI (GenAI) startups and 30 per cent of them have women in their founding teams.  The startups, which include Fluid AI, Sivi, DaveAI, OnFinance and others, have been chosen for the second cohort of the Nasscom’s 'Generative AI Foundry' programme. The average startup in the cohort is two-year-old and has already raised $750,000 from institutional investors. “Homegrown Gen...
Nasscom to nurture 37 homegrown GenAI startups in 2nd cohort
Nasscom to nurture 37 homegrown GenAI startups in 2nd cohort
Source: IANS
2024-09-19 03:29:24 pm
India set to play pivotal role in AI use to boost social, economic progress: Centre  As the adoption of artificial intelligence (AI) and generative AI (GenAI) surges worldwide, India is set to play a pivotal role in its use to accelerate social and economic progress, the government said on Thursday.  Dr Neeraj Mittal, Secretary, Department of Telecommunications (DoT), said that globally, AI and GenAI are evolving rapidly and the world is witnessing their remarkable potential. “This year, India will host ‘World Telecom Standardization Telecom Assem...
India set to play pivotal role in AI use to boost social, economic progress: Centre
India set to play pivotal role in AI use to boost social, economic progress: Centre
Source: IANS
2024-09-19 02:22:49 pm
Cabinet approves `Bio-RIDE` scheme to support research and development in biotechnology To support cutting-edge research and development in the field of biotechnology, the Union Cabinet on Wednesday approved the continuation of the two umbrella schemes of Department of Biotechnology (DBT) as one unified scheme.  Called ‘Biotechnology Research Innovation and Entrepreneurship Development (Bio-RIDE), the proposed outlay for the implementation of the unified scheme is Rs 9,197 crore during the 15th finance Commission period from 2021-22 to 2025-26. The scheme has th...
Cabinet approves `Bio-RIDE` scheme to support research and development in biotechnology
Cabinet approves `Bio-RIDE` scheme to support research and development in biotechnology
Source: IANS
2024-09-18 04:58:42 pm
Make `BHASKAR` one-stop digital platform for Indian startups: Piyush Goyal Union Commerce Minister Piyush Goyal on Monday launched the Bharat Startup Knowledge Access Registry (BHASKAR) initiative, saying the platform will help bring hope, aspirations and success for the entrepreneurs to kickstart ambitious revolutions in the country.  Launched under the ‘Startup India’ programme in the national capital, BHASKAR -- meaning ‘Rising Sun’ -- has been aptly chosen to be the name of the digital platform. Minister Goyal emphasised to mak...
Make `BHASKAR` one-stop digital platform for Indian startups: Piyush Goyal
Make `BHASKAR` one-stop digital platform for Indian startups: Piyush Goyal
Source: IANS
2024-09-17 09:03:58 am
Centre to launch `BHASKAR` digital platform to boost startup ecosystem  The government on Sunday announced to launch a ground-breaking digital platform aimed at strengthening the startup ecosystem in the country.  The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, is set to launch the ‘Bharat Startup Knowledge Access Registry’ (BHASKAR) initiative, under the Startup India programme. It is a platform designed to centralise, streamline, and enhance collaboration among key stakeholders...
Centre to launch `BHASKAR` digital platform to boost startup ecosystem
Centre to launch `BHASKAR` digital platform to boost startup ecosystem
Source: IANS
2024-09-16 08:52:48 am
Indian biotech startups launch 11 unique products in biosciences The Indian biotech startups took centre-stage with unveiling 11 products at the ‘Global Bio-India 2024’ that showcased the country’s emerging talent in biosciences, it was announced on Saturday.  The fourth edition of the event, organised by Department of Biotechnology (DBT) in the national capital, concluded after showcasing India’s biotech prowess. The theme highlighted the potential and opportunities in biotech innovation and bio-manufacturing and its impact...
Indian biotech startups launch 11 unique products in biosciences
Indian biotech startups launch 11 unique products in biosciences
Source: IANS
2024-09-15 08:48:04 am
24 Indian startups raise over $229 million in funding this week At least 24 domestic startups secured more than $229 million in funding this week, which included six growth-stage deals worth $182.65 million.  The week saw 13 early-stage deals worth $46.14 million. Overall, Bengaluru-based startups led with eight deals, followed by Delhi-NCR, Mumbai, Hyderabad and Kolkata, as per industry data. The funding momentum was led by mobile advertising network software InMobi which raised $100 million in a debt funding round, followed by MSME-focused fi...
24 Indian startups raise over $229 million in funding this week
24 Indian startups raise over $229 million in funding this week
Source: IANS
2024-09-14 05:46:32 pm
Indian startups raise more than $348 million funding this week The Indian startup ecosystem raised more than $348 million in funding this week, as the growth momentum for the industry continued for a second consecutive week.  The Indian startups collectively secured $348 million across 19 deals this week, compared to $466 million raised by 16 startups in the previous week. The week was led by ride-sharing platform Rapido which raised $200 million in its Series E funding, taking its valuation to over $1.1 billion. The funding round was led by W...
Indian startups raise more than $348 million funding this week
Indian startups raise more than $348 million funding this week
Source: IANS
2024-09-07 03:57:23 pm
Women-led startups to put India on global map: Dr Jitendra Singh Women-led startups will place India on the global map in years to come, Dr Jitendra Singh, Union Minister of State (Independent Charge) for Science and Technology, said on Friday.  Emphasising India's roadmap to become a Viksit Bharat by 2047 with startups playing a crucial role in the journey, Dr Singh said that Prime Minister Narendra Modi has laid out the vision of Indian startups leading the global innovation race, with women-led businesses at the forefront across sectors. ...
Women-led startups to put India on global map: Dr Jitendra Singh
Women-led startups to put India on global map: Dr Jitendra Singh
Source: IANS
2024-09-06 04:51:25 pm
Spolto, the SportsTech Startup, Surpasses $1M Funding Milestone with Latest Investment Spolto, an Indo-Swedish SportsTech startup, has successfully closed its latest funding round, bringing its total raised capital to an impressive $1 million (INR 9 crore). The startup, founded in 2021 by Safa Soltani, with Divesh Nathani as Partner & COO, is on a mission to revolutionize sports access across urban India. The recent round saw an investment of USD 160K (INR 1.35 crore), led by Andrew Johnston, Co-founder & CEO of Let Share, a Sweden-based venture. Johnston, a seasoned...
Spolto, the SportsTech Startup, Surpasses $1M Funding Milestone with Latest Investment
Spolto, the SportsTech Startup, Surpasses $1M Funding Milestone with Latest Investment
Source: PR Agency
2024-09-06 02:34:38 pm
India`s fintech startups grow fivefold in last three years India's financial sector is growing at a rapid pace as fintech startups have grown by about five times in the past three years, according to a report. The growth has been from 2,100 in 2021 to 10,500 in 2024. JM Financial said in a report: "At present time, India has 26 fintech unicorns with an estimated combined market value of $90 billion." India has one decacorn fintech (valuation of over $10 billion) and 25 unicorns, whose valuation ranges between $1 billion to $10 bil...
India`s fintech startups grow fivefold in last three years
India`s fintech startups grow fivefold in last three years
Source: IANS
2024-09-04 12:24:56 pm
Rs 750 crore `AgriSURE Fund` to empower startups, boost rural economy In a pioneering step toward revolutionising the agricultural landscape in India, the government has launched the ‘AgriSURE Fund’ with a capital pool of Rs 750 crore to further drive investments that will empower farmers and boost the rural economy.  With a focus on technology-driven, high-impact ventures, ‘AgriSURE’ is designed to fuel growth and foster innovation in the agricultural and rural start-up ecosystem. According to the government, it will provide ...
Rs 750 crore `AgriSURE Fund` to empower startups, boost rural economy
Rs 750 crore `AgriSURE Fund` to empower startups, boost rural economy
Source: IANS
2024-09-04 12:06:35 pm
31 Indian startups secured over $466 million this week, 75 pc jump At least 31 homegrown startups raised more than $466 million in 22 deals this week, a significant 75 per cent rise from last week.  Quick e-commerce platform Zepto raised $340 million in a follow-on financing round, taking the company’s valuation to $5 billion. General Catalyst led the round, with Dragon Fund, and Epiq Capital joining as new investors. Among other key fundraises, specialty coffee retailer Blue Tokai Coffee secured $35 million followed by lending firm Yubi ($3...
31 Indian startups secured over $466 million this week, 75 pc jump
31 Indian startups secured over $466 million this week, 75 pc jump
Source: IANS
2024-08-31 05:54:13 pm
600 scientists, 50 startups working in quantum tech in India: Ajai Chowdhury  There are about 600 scientists and 50 startups working in quantum technology in India, said Ajai Chowdhury, Chairman, Mission Governing Board, National Quantum Mission on Monday.  He was speaking at the first-ever International Conference on Quantum Communication, Measurement and Computing (QCMC 2024), to be hosted in India, by the Indian Institute of Technology (IIT) Madras from August 26 to 30. India launched the National Quantum Mission in April 2023 to build capabilities ...
600 scientists, 50 startups working in quantum tech in India: Ajai Chowdhury
600 scientists, 50 startups working in quantum tech in India: Ajai Chowdhury
Source: IANS
2024-08-26 02:04:05 pm
MSMEs have become vital supply chains for big industries: Piyush Goyal The micro, small and medium enterprises (MSMEs) in the country are not only giving employment to millions but also contributing to nation building and becoming vital supply chains to big industries, Union Commerce Minister Piyush Goyal said on Saturday.  Moreover, quality control orders (QCOs) are protecting MSMEs from unfair competition from outside the country, he added. Addressing the 10th 'India International MSME Startup Expo and Summit 2024' in the national capital, t...
MSMEs have become vital supply chains for big industries: Piyush Goyal
MSMEs have become vital supply chains for big industries: Piyush Goyal
Source: IANS
2024-08-24 05:45:01 pm
Greater Chandigarh Region poised to become startup powerhouse: Industry experts The Greater Chandigarh Region (GCR) is rapidly positioning itself as a premier startup destination in India, driven by a unique blend of strategic location, world-class infrastructure, and an exceptional talent pool from leading universities.  As the region gains momentum, collaborative efforts among government bodies, educational institutions, and industry leaders are paving the way for innovation and growth. The CII Chandigarh Startup Conclave 2024, organised on Friday at the CII...
Greater Chandigarh Region poised to become startup powerhouse: Industry experts
Greater Chandigarh Region poised to become startup powerhouse: Industry experts
Source: IANS
2024-08-24 08:26:17 am
UPI booster: Now withdraw money instantly from stock market on INDmoney Money management startup INDmoney on Thursday announced UPI-based instant withdrawals for investors from their stock trading accounts on its platform.  The feature enables users to withdraw their funds into their savings accounts instantly, even if they are trading on the same day, addressing a key problem for stock investors while boosting liquidity by ensuring real-time trade settlements. The feature allows investors to withdraw money up to Rs 1 lakh on the same day. Investors wi...
UPI booster: Now withdraw money instantly from stock market on INDmoney
UPI booster: Now withdraw money instantly from stock market on INDmoney
Source: IANS
2024-08-22 02:27:21 pm
Emerging Bharat platforms giving large companies run for their money: Accel`s Sarthak Singh Emerging startups and digital services platforms for Bharat have not just cracked monetization but are also giving large companies “a run for their money,” according to Accel's Sarthak Singh. Bharat, once seen as a blue ocean for startups, is now attracting increasing traction from entrepreneurs eager to develop tailored solutions for the market segment.  "We always thought that there is a very strong demand pull for both paid and unpaid apps and platforms for Bha...
Emerging Bharat platforms giving large companies run for their money: Accel`s Sarthak Singh
Emerging Bharat platforms giving large companies run for their money: Accel`s Sarthak Singh
Source: IANS
2024-08-22 02:16:11 pm
Bharat overflowing with opportunities, needs exceptional founders to tap into its potential: Accel's Anand Daniel The aspirational spirit of Bharat is palpable as its young population seeks improved lifestyles and better products. With consumption rates on the rise, the potential for growth in these largely untapped markets is immense. "In every sector there is opportunity, we just need founders. It's a supply side issue. If you have high-quality founders going after these problems then dollars will chase," says Accel's Anand Daniel.  Bharat, which encompasses middle-income hous...
Bharat overflowing with opportunities, needs exceptional founders to tap into its potential: Accel's Anand Daniel
Bharat overflowing with opportunities, needs exceptional founders to tap into its potential: Accel's Anand Daniel
Source: IANS
2024-08-21 06:08:12 pm