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21 Indian startups raise $93 million across 16 deals this week About 21 startups in India raised nearly $93 million in funding across 16 deals this week, which included four growth-stage deals and 12 early-stage fundings.  It is a big drop from nearly $461 million raised by 29 domestic startups last week, which included 10 growth-stage deals. This week, agriculture supply chain startup Waycool raised Rs 100 crore (about $12 million) in debt financing from Grand Anicut. Waycool buys fresh produce, including dairy products, from farmers and sell...
21 Indian startups raise $93 million across 16 deals this week
21 Indian startups raise $93 million across 16 deals this week
Source: IANS
2024-10-05 03:52:20 pm
Make in India is work in progress, we must become manufacturing nation: Amitabh Kant  While the Make in India initiative has completed 10 years, it is still a work in progress and we must become a manufacturing nation, said G20 Sherpa and former NITI Aayog CEO, Amitabh Kant on Friday.   Speaking exclusively to IANS, he said that we must ensure that a minimum of 25 per cent of our GDP comes from the manufacturing sector. He also spoke on various issues ranging from digitisation, AI, health, space and more. Here are some excerpts from the interview: IANS: We ...
Make in India is work in progress, we must become manufacturing nation: Amitabh Kant
Make in India is work in progress, we must become manufacturing nation: Amitabh Kant
Source: IANS
2024-09-28 08:41:28 am
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
E-commerce payments in India projected to cross $292 bn by 2028  Led by growing consumer preference for online shopping and strong internet penetration, India’s e-commerce market value is set to increase at a compound annual growth rate (CAGR) of 18.7 per cent, from $147.3 billion this year to $292.3 billion in 2028, according to a new report.  The future of e-commerce payments in the country appears promising, driven by the government’s initiatives such as ‘Make in India’ and ‘Startup India,’ as well as th...
E-commerce payments in India projected to cross $292 bn by 2028
E-commerce payments in India projected to cross $292 bn by 2028
Source: IANS
2024-08-30 10:24:34 am
Indian startups raise over $265 million funding in 16 deals this week The funding momentum for the startup ecosystem in the country continued with more than $265 million being raised via 16 deals this week.  The biggest fund-raise came with omnichannel jewellery startup Bluestone securing $107.2 million in its pre-IPO round. In the fintech space, Aye Finance raised $25 million loan from Goldman Sachs (India) and lending startup Axio secured $20 million from Amazon Smbhav Venture Fund to drive growth. The ecommerce sector was the top gainer this week,...
Indian startups raise over $265 million funding in 16 deals this week
Indian startups raise over $265 million funding in 16 deals this week
Source: IANS
2024-08-24 04:11:10 pm
Indian startup ecosystem saw $113 million funding this week Riding on the momentum amid resilient economic growth, the Indian startup ecosystem saw funding worth $113 million this week in nearly 22 deals.  Dairy and grocery startup Country Delight secured $8.45 million in debt funding from Alteria Capital. In May this year, Country Delight had secured $9 million through a combination of debt and equity from Alteria Capital. Healthtech startup Visit Health raised more than $29.8 million in a mix of capital infusion from various investors. Ex...
Indian startup ecosystem saw $113 million funding this week
Indian startup ecosystem saw $113 million funding this week
Source: IANS
2024-08-10 03:24:24 pm
32 Indian startups raised record funding last week In a robust funding week, at least 32 Indian startups secured more than $341 million in funding.  The Indian startup ecosystem saw six growth-stage funding deals and 22 early-stage deals last week. Six startups raised more than $216 million, led by mobility startup Rapido which secured $120 million. Among other Indian startups that raised a substantial amount of funding, like fintech firms Navi and BharatPe, and sports tech company KheloMore. Among other startups that secured...
32 Indian startups raised record funding last week
32 Indian startups raised record funding last week
Source: IANS
2024-08-04 10:31:32 am
Indian startups raised nearly $176 million across 16 deals in July 1st week The Indian startup ecosystem raised nearly $176 million in funding across 16 deals in the first week of this month.  In the biggest funding round, fashion e-commerce platform Purplle secured $120 million led by Abu Dhabi Investment Authority. Agri-tech startup Arya.ag also announced to raise $29 million led by impact investment firm Blue Earth Capital. Video telematics startup Cautio also announced a pre-seed raise of Rs 6.5 crore led by Antler, 8i Ventures and AU Small Finance ...
Indian startups raised nearly $176 million across 16 deals in July 1st week
Indian startups raised nearly $176 million across 16 deals in July 1st week
Source: IANS
2024-07-06 04:40:18 pm
Indian startups raised nearly $7 billion in first half of 2024 Indian startups have raised nearly $7 billion in funding during the first half (H1) of 2024, more than the $5.92 billion raised in H1 2023.  However, the figures are still far less than $20 billion in H1 2022, according to data compiled by TheKredible. The $7 billion funding included 182 growth or late-stage deals worth $5.4 billion and 404 early-stage deals worth $1.54 billion. About 99 were undisclosed deals, reports Entrackr. During H1, Indian startups produced a couple of un...
Indian startups raised nearly $7 billion in first half of 2024
Indian startups raised nearly $7 billion in first half of 2024
Source: IANS
2024-07-03 06:06:36 pm
Tech industry hails PM Narendra Modi's record third term As Narendra Modi is set to take oath as Prime Minister on Sunday, the tech industry hailed his record third term, saying that this continuity will promise stability, consistency and effectiveness in governance, taking the country closer to 'Vision India@2047'.  Congratulating PM Modi on winning the Lok Sabha elections for the third time, Agendra Kumar, Managing Director, Esri India told IANS, with the new government "we can expect the use of satellite imaging, GIS, GeoA...
Tech industry hails PM Narendra Modi's record third term
Tech industry hails PM Narendra Modi's record third term
Source: IANS
2024-06-09 01:45:22 pm
24 Indian startups raised $444 million in funding this week About 24 Indian startups have raised around $444 million in funding during this week, which include five growth-stage deals and 14 early-stage deals.  Two early-stage startups did not disclose the amount raised, Entrackr reported on Saturday. Last week, about 26 early and growth-stage startups collectively secured around $240 million in funding. Among the growth-stage deals, seven startups secured around $394.21 million in funding this week. E-commerce major Flipkart secured the...
24 Indian startups raised $444 million in funding this week
24 Indian startups raised $444 million in funding this week
Source: IANS
2024-05-26 08:52:27 am
Over $239 mn raised by 26 Indian startups in funding last week  More than $239 million was raised by 26 Indian startups in funding last week, which includes nine growth-stage deals and 15 early-stage deals. Two early-stage startups did not disclose the amount raised, reports Entrackr. In the week of May 6-11, around 24 early and growth-stage startups collectively raised nearly $320 million in funding. Among the growth-stage deals, seven startups secured around $207.2 million in funding last week. Microfinance firm Annapurna Finance secured ...
Over $239 mn raised by 26 Indian startups in funding last week
Over $239 mn raised by 26 Indian startups in funding last week
Source: IANS
2024-05-19 01:52:46 pm
27 Indian startups secure over $340 million in funding this week  From IPO-bound healthtech platform Pharmeasy to digital lending startup Kinara Capital, at least 27 startups in the country raised more than $340 million in funding this week. The deals in the domestic startup ecosystem included nine growth-stage deals and 11 early-stage ones. PharmEasy raised $216 million in a round led by Manipal Education and Medical Group (MEMG), along with others. Kinara Capital secured $24.4 million from Impact Investment Exchange (IIX) and BlueOrchard Mi...
27 Indian startups secure over $340 million in funding this week
27 Indian startups secure over $340 million in funding this week
Source: IANS
2024-05-05 08:54:26 am
37 Indian startups secure $310 million in funding this week At least 37 startups in India secured about $310 million in funding this week, including 10 growth-stage deals, as deals continued at a normal pace in the country. Last week, as many as 21 startups secured nearly $105 million in the country. This week, 10 startups raised $225.86 million in funding, including GPS Renewables which secured $50 million in debt funding, according to a report in Entrackr. Deeptech startup Ecozen raised $30 million in a mix of debt and equity from existing ...
37 Indian startups secure $310 million in funding this week
37 Indian startups secure $310 million in funding this week
Source: IANS
2024-04-21 08:56:47 am
India`s fintech sector logs robust 59 pc growth in Q1 2024  India secured the third position globally in terms of funding raised for the fintech sector in the first quarter (Q1) of this year, a report showed on Friday. Total funding received by the fintech sector increased by 59 per cent in Q1 2024, compared to Q4 2023, emphasising the robustness of the Indian fintech landscape amid a dynamic economic environment. Q1 2024 witnessed a total funding of $551 million compared to the $346 million raised in the previous quarter, according to the...
India`s fintech sector logs robust 59 pc growth in Q1 2024
India`s fintech sector logs robust 59 pc growth in Q1 2024
Source: IANS
2024-04-12 11:37:03 am
Over $447 million in funding raised by 22 Indian startups last week The Indian startups continued to raise funds at a normal pace, and last week, 22 startups secured over $447 million in the country. This included nine growth-stage deals and 11 early-stage deals, reports Entrackr. "Two startups kept their transaction details undisclosed," the report mentioned. About 30 startups had raised around $287 million, which included 20 early-stage and six growth-stage companies in the week of March 11-16. Bengaluru-based startups led the funding ...
Over $447 million in funding raised by 22 Indian startups last week
Over $447 million in funding raised by 22 Indian startups last week
Source: IANS
2024-03-24 05:58:00 pm
Maruti Suzuki acquires stake in homegrown AI startup Amlgo Labs  Maruti Suzuki India on Saturday announced it has invested in Amlgo Labs Private Limited, an Artificial Intelligence and Machine Learning (AI-ML)-led startup. With an investment of over Rs 1.99 crore, Maruti Suzuki will own an equity stake of over 6.44 per cent in the startup. The startup operates in the area of data analytics, cloud engineering, and AI-ML to assist companies in data-driven decision-making. “Aligned with the government's #StartUpIndia initiative, we ar...
Maruti Suzuki acquires stake in homegrown AI startup Amlgo Labs
Maruti Suzuki acquires stake in homegrown AI startup Amlgo Labs
Source: IANS
2024-03-23 03:42:02 pm
Zoho`s Sridhar Vembu says `will work to create advanced chip design`facility in TN`s Tenkasi Responding to the post of Ananthan Ayyasamy, a BJP leader from Tamil Nadu's (TN) Tenkasi, Zoho founder and CEO Sridhar Vembu on Friday said that they "will work together to create advanced chip design facility in this rural region". Ayyasamy, former Engineering Director at Intel and the Convenor of TN's Start-up Cell has shared a post on the social media platform X, saying that under the leadership of Prime Minister Narendra Modi and TN BJP state president K. Annamalai &q...
Zoho`s Sridhar Vembu says `will work to create advanced chip design`facility in TN`s Tenkasi
Zoho`s Sridhar Vembu says `will work to create advanced chip design`facility in TN`s Tenkasi
Source: IANS
2024-03-22 03:11:15 pm
27 Indian startups raise $308 million in funding this week  At least 27 startups in India raised about $307.8 million this week, which includes 17 early-stage and seven growth-stage companies. Nearly 32 early and growth-stage startups raised more than $384 million last week, startup news portal Entrackr reported on Saturday. Seventeen early-stage startups raised about $166.8 million, like mPokket, Ema, Hunch and Rozana, among others. Startups based in Delhi-NCR led the funding with 10 deals, followed by Bengaluru at 9 deals. Digital ...
27 Indian startups raise $308 million in funding this week
27 Indian startups raise $308 million in funding this week
Source: IANS
2024-03-10 09:03:38 am
Government schemes helping startups born with Indian capital: Sanjeev Bikhchandani Various government schemes have given momentum to the Indian venture capital (VC) industry to nurture and scale homegrown startups, investor and Info Edge Founder Sanjeev Bikhchandani said on Tuesday. he ‘Fund of Funds for Startups’ (FFS) scheme by the Small Industries Development Bank of India (SIDBI) is one such key government initiative aimed at providing financial assistance to small enterprises and startups in the country. Asked how the government has helped the startup...
Government schemes helping startups born with Indian capital: Sanjeev Bikhchandani
Government schemes helping startups born with Indian capital: Sanjeev Bikhchandani
Source: IANS
2024-02-27 05:40:42 pm
PhonePe`s Indus Appstore, Startup India join hands to launch Indus Appstore Emerging Startup Award PhonePe's Indus Appstore, in collaboration with Startup India, on Wednesday announced the launch of the Indus Appstore Emerging Startup Awards. This initiative, set to run from January 16 to March 30, 2024, will identify and celebrate the most innovative and impactful startups across various key sectors, including fintech, e-commerce, social impact, healthtech, agritech, and gaming. The Indus Appstore Emerging Startup Awards, are designed to provide a level playing field for emergin...
PhonePe`s Indus Appstore, Startup India join hands to launch Indus Appstore Emerging Startup Award
PhonePe`s Indus Appstore, Startup India join hands to launch Indus Appstore Emerging Startup Award
Source: IANS
2024-01-31 02:31:20 pm
1.14 lakh startups generate more than 12 lakh jobs in India: FinMin More than 1.14 lakh startups in India have created over 12 lakh jobs so far, the Finance Ministry said in its latest review of the Indian economy. In the report titled, ‘The Indian Economy: A Review January 2024’, the Department of Economic Affairs said that the 1.14 lakh startups recognised by the government under the 'Startup India initiative’ created more than 12 lakh jobs (as of October 2023). The state-owned e-commerce platform Open Network for Digital Commerc...
1.14 lakh startups generate more than 12 lakh jobs in India: FinMin
1.14 lakh startups generate more than 12 lakh jobs in India: FinMin
Source: IANS
2024-01-30 11:58:45 am
Startup India initiative to build strong ecosystem for nurturing innovation, startups: Union Minister Som Parkash Union Minister of State for Commerce and Industry, Som Parkash has said that the Startup India initiative was launched by the Government to build a strong ecosystem for nurturing innovation, startups and encouraging investments in the startup ecosystem of the country.  The Minister further noted that in order to meet these objectives, the Government unveiled an Action Plan for startups comprising of schemes and incentives envisaged to create a vibrant startup ecosystem in the country....
Startup India initiative to build strong ecosystem for nurturing innovation, startups: Union Minister Som Parkash
Startup India initiative to build strong ecosystem for nurturing innovation, startups: Union Minister Som Parkash
Source: Accord Fintech
2023-12-07 03:02:35 pm
Just 7 women-led startups in India receive funding this year Funding in women-led startups in India decreased from 183 startups in 2014 to a mere 7 this year to date, according to a new report. The funding landscape for women-led companies showed a significant surge in the number of rounds, rising from 171 in 2014 to 460 in 2022. However, there was a sharp decline in 2023, with the number of rounds dropping to 185, according to a report from leading market intelligence platform Tracxn. Zomato, Byju’s Lenskart and Zerodha are among India&...
Just 7 women-led startups in India receive funding this year
Just 7 women-led startups in India receive funding this year
Source: IANS
2023-11-19 06:27:59 pm
Startups to play key role in India`s journey to become 3rd largest economy: CEA V. Anantha Nageswaran V. Anantha Nageswaran, the Chief Economic Advisor (CEA) to Government of India, said on Saturday that startups will play a key role in India achieving its ambitious developmental aspirations and becoming the third largest economy in the world in a few years' time. Delivering the Leadership Talk at the Huddle Global 2023 of Kerala Startup Mission (KSUM) on the third and final day of the event, Nageswaran pointed out that Tier-2 and Tier-3 cities of the country, including Thiruvananthapu...
Startups to play key role in India`s journey to become 3rd largest economy: CEA V. Anantha Nageswaran
Startups to play key role in India`s journey to become 3rd largest economy: CEA V. Anantha Nageswaran
Source: IANS
2023-11-19 09:20:48 am
IIT-Kanpur`s health startup Noccarc secures investment from SIDBI Noccarc, a healthcare startup incubated at the Indian Institute of Technology (IIT) Kanpur, on Monday announced securing investment from Small Industries and Development Bank of India (SIDBI), to fuel healthcare innovation. Noccarc got the investment under the SIDBI Seed Equity Support Scheme (S4-SIIC) -- an exclusive investment scheme tailor-made to support startups incubated at the Startup Incubation and Innovation Centre (SIIC), IIT Kanpur launched in March 2023. The startup gain...
IIT-Kanpur`s health startup Noccarc secures investment from SIDBI
IIT-Kanpur`s health startup Noccarc secures investment from SIDBI
Source: IANS
2023-09-12 02:35:37pm
Industry stakeholders hail inclusion of startups as part of G20 Delhi Declaration The Indian startup ecosystem stakeholders on Sunday hailed the inclusion of startups as part of the Delhi Declaration for the first time in the history of G20.India has taken the initiative to launch the Startup20 Engagement Group during its G20 Presidency.?We are glad that Brazil has picked up the mandate to continue the Startup20 Engagement group into their presidency next year. We look forward to working on implementing the Startup20 recommendations over the next couple of years,? said Raj...
Industry stakeholders hail inclusion of startups as part of G20 Delhi Declaration
Industry stakeholders hail inclusion of startups as part of G20 Delhi Declaration
Source: IANS
2023-09-10 06:09:01pm