India Startup

Startups in India are revolutionising experiences, and positioning the nation for exponential economic growth, Dilsher Malhi, founder and CEO of online gaming platform Zupee, said on Monday. Speaking at the India Internet Governance Forum (IIGF) 2024, Malhi said startups are adding value to society's experiences and redefining how people experience education, healthcare, travel, and entertainment. "India has become the world's third-largest startup ecosystem and we believe this has happened mainly because of the endless possibilities that arise from a credible digital public infrastructure consisting of UPI and Aadhaar, and the penetration of mobile phones across the country. Now with the Bharat 6G vision, the semiconductor mission and the AI mission, startups are positioning India for an exponential economic growth," he said. Speaking on the concept of "gamification" in addressing real-world challenges, Malhi described how startups are evolving from merely providing solutions for .

Indian GenAI startups raised $51 million in Q2 FY25, up from $8 million in Q1 FY25, stated a report by Nasscom

Azar said that Israeli companies have concentrated on introducing AI tools in different fields like health, education and environment to local start-ups

The decision comes months after the demise of Sahara India's Subrata Roy, who was the principal shareholder and investor in the firm

Rural fintech startup Jai Kisan on Tuesday said it has received regulatory approval from the Reserve Bank of India for the acquisition of a majority stake in NBFC Kushal Finnovation Capital. Details of the stake acquired were not disclosed. "With the NBFC subsidiary, Jai Kisan will be able create and deliver customized, innovative, and relevant products directly to its farmer and rural business customers in a more accessible and seamless manner making its products cheaper, faster, and more impactful," Jai Kisan said in a statement. The acquisition will also enable Jai Kisan to strengthen its partnerships and integrate systems more deeply with its financial institution partners to provide co-lending and further financial inclusion, it added. "The NBFC subsidiary allows us to cater to our farmer and rural business customers with credit products they want, how they want them, when they want them and where they want them--which is what they deserve," Jai Kisan co-founder and CEO Arjun

The report reveals that the number of startups in the state has surpassed 1,000, with a notable increase in biotech ventures

Fabless semiconductor startup iVP Semiconductor Pvt Ltd has plans to set up a production test facility as part of its drive to produce semiconductor chips in the domestic market, a top official said. The company has also secured USD 5 million in a pre-series A Funding for its expansion plans, Co-founder and CEO Raja Manickam said. An industry veteran, Manickam said his aspiration was to first serve the clients in the domestic market and later expand the company to become a 'global brand.' "Today domestic semiconductor industry is being served by several global companies. I want to serve the industry as an Indian company. iVP Semiconductor is an Indian company and it would become a global brand." he said. The company would focus on power sector including renewable energy, solar industry, wind energy. "We are going to be competitors to existing players with most of them being global companies," he said. To a query, he said the company would set up a production test facility in Chen

Founded in 2022, Hoop brands itself as India's first wellness brand for an active lifestyle, which focuses on a range of wellness products to deal with effective pain, sleep, stress, and workout

NoPo specializes in the production of single-walled carbon nanotubes (SWCNTs), a material that holds promise across various applications, ranging from usage by EV battery manufacturers

HDFC Capital-backed proptech startup Reloy, which helps builders in generating referral sales, has posted a 65 per cent growth in its revenue last fiscal to Rs 21 crore on strong housing demand. The company's revenue stood at Rs 12.7 crore in the 2022-23 fiscal. "Our growth is on account of higher referral sales and client acquisitions," Reloy founder and CEO Akhil Saraf told PTI. "We helped builders in generating Rs 1,450 crore worth of referral sales in the last fiscal," Saraf said. The company has set a target to generate Rs 3,500 crore worth of referral sales in the current fiscal. Founded in 2015, Reloy has been specialising in real estate loyalty and referrals. It is a B2B2C homeowner and broker management platform that helps builders manage their builders and brokers more efficiently. Reloy has so far raised Rs 13 crore from various investors, including HDFC Capital, which owns around 10 per cent stake in the startup. Last year, it raised Rs 7.2 crore from investors to ex

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In January and February, India's startups raised about $900 million - a pace that signals another slow year after a six-year low of just $8 billion in 2023, Venture Intelligence data shows

The prime minister Modi said that he is making use of AI technology for his election campaign

Benguluru-based corporate commute start-up Routemataic is set to transform corporate transport by focussing on individual commuter needs

This comes almost a year after the Alphabet-owned company became part of a $36-million funding round for the Indian satellite-image startup

The edtech company responded to statements from select investors calling for an extraordinary general meeting (EGM) to replace founder and group CEO Byju Raveendran

SoftBank is now actively pursuing investments in new-age enterprises and expanding its portfolio in India

Of the 12 startups looking to launch IPOs this year, eight have incurred a cumulative loss of Rs 8,000 crore, including Swiggy, and Ola Electric

Agritech startup Fasal, which is into precision horticulture, on Friday said it has raised Rs 100 crore from investors to expand its business. Founded in 2018, Fasal leverages AI, crop sciences, and Internet of Things (IOT) to provide farm-level, crop-specific and crop-stage-specific intelligence, enabling resource optimisation and higher farm productivity. It also procures high-quality, traceable produce for an end-to-end optimised value chain play. In a statement, the company announced raising Rs 100 crore in its series-A funding round led by TDK Ventures and British International Investment (BII), with contributions from the ITI Growth Opportunities Fund, Navam Capital and Aureolis Ventures. The round also saw participation from all existing investors, including 3one4 Capital, Omnivore, Wavemaker Partners, Genting Ventures, and The Yield Labs Asia Pacific. Fasal plans to "allocate the funds to advance research and development, accentuating innovation in their proprietary farm ..

HouseEazy, a vertical marketplace for resale homes, on Tuesday said it has raised USD 1 million (over Rs 8 crore) from investors as seed funding led by Antler. Other notable investors in the round include India Accelerator, AC Ventures, Agility Ventures, Finvolve Ventures and industry veterans like Pirojsha Godrej (Executive Chairperson at Godrej Properties) and Sandeep Aggarwal (Founder at Droom), the company said in a statement. Seeking to bring trust, transparency and convenience to secondary real estate transactions, HouseEazy is building a full-stack, data-driven technology platform to provide the best prices and instant liquidity to sellers and title-checked, refurbished, ready-to-move-in homes to buyers. HouseEazy founders Tarun Sainani and Deepak Bhatia, who previously worked together at Godrej Properties, bring over 25 years of combined experience in the real estate industry. According to Housing.com data, proptech companies have received USD 4 billion in funding since 200