Tech Start-ups

Biocon Chairperson Kiran Mazumdar-Shaw said efforts should be made to ensure the government becomes the first user of innovations from startups

The venture studio will identify technologies and lab stage ideas related to CO2 emission reduction primarily in the industrial and energy sector

Anandan also said India had the largest number of STEM graduates. "We just need to make sure we invest in them over a period of time"

After four consecutive half-year periods of decline in funding, H1CY24 has seen an upswing

According to the report, in CY23, Indian deeptech startups witnessed a dip of 77 per cent in funding compared to last year and secured $850 million in investments

Indian tech startups raised a total USD 4.1 billion in H1 2024, four per cent higher than H2 2023, although the numbers still trailed the levels seen a year ago, according to a report by market intelligence platform Tracxn. At USD 4.1 billion, India still remains the fourth-highest funded country globally in the tech startup landscape, it said. The United States led in overall funding volumes, followed by the UK and China. "Indian tech startups raised USD 4.1 billion in H1 2024, a 4 per cent increase from USD 3.96 billion in H2 2023. Though there was a 13 per cent decrease compared to USD 4.8 billion raised in H1 2023, India still remains the fourth-highest funded country globally in the tech startup landscape," the Tracxn report said. Tracxn, India Tech Semi-Annual Funding Report H1 2024 offered insights on funding trends, sector performances, and notable developments in the Indian technology sector for the said period. Citing key trends, it said seed-stage funding increased to U

Flipkart co-founder pioneer acknowledges quick commerce model working well despite his scepticism

Neysa is the second entrepreneurial stint of Sharad Sanghi, considered to be pioneer of the Indian cloud computing space

The development is in line with ongoing governmental efforts to bolster innovation in the deeptech sector

India's National Association of Software and Service Companies (NASSCOM) will bring a delegation of 15 top-tier start-ups to participate in a Pitching and Networking Session for the Start-Ups in the UAE next week. The delegation would participate in the exclusive Pitching and Networking Session for the Start-Ups to be organised by the Consulate General of India in Dubai on March 11 and 12, officials said. The Start-Up delegation comprises sectors such as artificial intelligence, big data and analytics, electrochemistry, materials, and renewable energy, among others. NASSCOM is the apex body for the technology industry in India, an industry that has made a phenomenal contribution to India's GDP, exports, employment, infrastructure, and global visibility. The Elevate Pitching Series aims to provide a platform for Start-Ups to pitch their ideas to investors and business partners based in the Middle East and other countries, officials said.

Focus on efficient models and unique needs of the country mark Sarvam's journey

Startups see investments coming for deep tech, a term used for businesses that develop new offerings based on tangible engineering innovation or scientific discoveries

With the Pragyaan rover poised to navigate the moon, its eyes to traverse the crater-filled lunar surface will be powered by a software developed by a Noida-based tech start-up. Omnipresent Robot Technologies, which has been working closely with ISRO for the Chandrayaan series of lunar missions, has developed Perception Navigation Software for the Pragyaan rover that is housed in the Vikram landing module that touched down on the moon Wednesday evening. "We are very excited and look forward to seeing the Pragyaan rover navigating the lunar surface using our software," Aakash Sinha, Chief Executive Officer of Omnipresent Robot Technologies, told PTI here. Sinha, who is also a professor at Shiv Nadar University, said the software developed by his start-up will capture images of the moon using the two cameras of the lunar rover and stitch them together to generate a 3-D map of the lunar landscape. This software has been in-built in the rover and the image processing will be done onbo

Launches first country-specific accelerator programme to achieve decarbonisation goal

Industry body CII's Centre of Excellence for Innovation, Entrepreneurship and Startups on Tuesday announced its strategic partnership with Vedanta Limited, a globally diversified natural resources conglomerate. This collaboration aims to promote corporate-startup connect and provide support to technology-based startups through CII CIES's Corporate Accelerator program, CII stated. As part of this programme, startups have the opportunity to present their minimal viable products (MVPs) on demo day, to secure contracts with participating corporates. "This partnership aims to impact a substantial number of startups in the technology space. Through this collaboration, Vedanta Limited aims to leverage CII CIES's expertise to identify and nurture startups that align with its vision of transformative and sustainable technologies," CII said.

The average salary in the hospitality sector also fell to a five-year low in FY22: TeamLease report

Climbing interest rates have made the funding more expensive for companies, and one of the biggest venture lenders faced a run on the bank that forced government regulators to seize it and sell it

Experts say such delays in the patent examination may become a speed bump for Indian innovators if not improved soon

Ministries must also share details on whether the technology being procured is the latest in its field and provide justifications if that is not the case

The SVB collapse has alerted hundreds of Indian investment and tech companies. They came together to help each other and share knowledge to deal with the impact