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Indian Startups

In a first, 7 Indian space startups picked for Indo-US defence programme

Under the programme, they will work with the US Defense Innovation Unit, the Department of Defense and other government agencies on satellite observation, emerging space and defence technologies

In a first, 7 Indian space startups picked for Indo-US defence programme
Updated On : 17 Jan 2025 | 12:01 PM IST

Google-backed Pixxel launches India's first private satellite constellation

This launch marks the first phase of Pixxel's commercial constellation, with three additional Firefly satellites scheduled to launch in the second quarter of 2025

Google-backed Pixxel launches India's first private satellite constellation
Updated On : 15 Jan 2025 | 10:33 PM IST

From 500 to over 159,000 and counting: Nine years of Startup India

As the country celebrates the 9th edition of Startup India, the ecosystem now boasts over 1.59 lakh DPIIT recognised startups and 110 unicorns, making it the third-largest globally

From 500 to over 159,000 and counting: Nine years of Startup India
Updated On : 15 Jan 2025 | 10:29 PM IST

DPIIT holds meeting with AIFs to promote capital mobilisation for startups

The Department for Promotion of Industry and Internal Trade (DPIIT) is holding a meeting with alternate investment funds (AIFs) here to discuss ways to promote funding for startups in the country, an official said. The official added that as many as 75 AIFs are expected to participate in the deliberations. Issues like capital mobilisation and promoting funding for startups in smaller cities will be discussed during the meeting, the official added. Under the Centre's Fund of Funds Scheme (FFS), support is extended to Sebi-registered AIFs, which in turn invest in startups. FFS was announced with a corpus of Rs 10,000 crore. The corpus is to be built up over the 14th and 15th Finance Commission Cycles (2016-2020 and 2021-2025) through budgetary support by the DPIIT. Another official said that these AIFs have committed to invest Rs 80,000 crore in startups and they have already pumped in Rs 20,000 crore so far. Among the prominent AIFs of leading startup investment firms supported un

DPIIT holds meeting with AIFs to promote capital mobilisation for startups
Updated On : 10 Jan 2025 | 5:06 PM IST

Have a strong pipeline of companies preparing to go public: Accel

India is on track to become an $8 trillion economy in 10 years and this will translate into growth in public markets, say Barath Shankar Subramanian and Abhinav Chaturvedi, Partners at venture capital

Have a strong pipeline of companies preparing to go public: Accel
Updated On : 08 Jan 2025 | 6:17 PM IST

After rough ride this year, Indian startups look for a promising 2025

The Indian startup ecosystem experienced a rollercoaster ride in 2024, characterised by a slight-yet-concerning decline in funding activity and a shift in investor sentiment, alongside a silver lining with several startups achieving unicorn status. Despite facing global economic challenges, India's startups showcased remarkable resilience, adeptly navigating changing market conditions, while continuing to attract investments. According to data from Tracxn, Indian startups raised a total of USD 30.4 billion in funding throughout 2024, a 6.5 per cent decline from the USD 32.5 billion secured in 2023. Despite this dip, the Indian startup ecosystem demonstrated resilience, with several companies achieving unicorn status this year. Noteworthy entrants to the unicorn club include Rapido, Ather, Perfios, Porter, and Money View, highlighting ongoing innovation and investment interest in the sector. The overall funding trend reflects a cautious-yet-optimistic approach from investors, as the

After rough ride this year, Indian startups look for a promising 2025
Updated On : 31 Dec 2024 | 3:04 PM IST

Zomato surpasses HUL, Nestle in Sensex with a weightage of 2.77%

Zomato's Sensex weightage stands at 2.77 per cent, ranking 12th among the 30 components, surpassing consumer giants like Hindustan Unilever, Maruti Suzuki, Asian Paints, and Nestle

Zomato surpasses HUL, Nestle in Sensex with a weightage of 2.77%
Updated On : 23 Dec 2024 | 11:57 PM IST

Tamil Nadu achieves milestone with over 10,000 DPIIT-registered startups

Tamil Nadu has achieved a milestone by registering over 10,000 startups with the Department for Promotion of Industry and Internal Trade (DPIIT), under the Union Ministry of Commerce and Industry, the state government said on Sunday StartupTN has played a crucial role in nurturing the ecosystem by implementing various schemes and initiatives like funding programmes, mentorship opportunities and incubation support, StartupTN Mission Director and CEO Shivaraja Ramanathan said. The state's startup ecosystem has been 'thriving' with 9 regional hubs and a metro hub in Chennai, providing a robust infrastructure for budding entrepreneurs to grow, he said. "Tamil Nadu has achieved a remarkable milestone of 10,000 DPIIT registered startups, a significant jump from 2,300 in March 2021. This exponential growth can be attributed to the revival of StartupTN under the leadership of Chief Minister M K Stalin focusing on supporting startups and fostering innovation," Ramanathan said in a social med

Tamil Nadu achieves milestone with over 10,000 DPIIT-registered startups
Updated On : 22 Dec 2024 | 5:02 PM IST

Indian startups to boost hiring by 20-30% in 2025 as funding improves

Indian startups are set to ramp up hiring by 20-30 per cent in 2025 as funding improves, reversing a prolonged slowdown. Layoffs dropped 46 per cent YoY in 2024, signalling sector recovery

Indian startups to boost hiring by 20-30% in 2025 as funding improves
Updated On : 19 Dec 2024 | 12:06 AM IST

Yotta Data seeks $500 mn private credit to invest in data centres

The company will likely go for a bilateral deal to be finalized in early 2025, they said, adding the terms are not finalized yet and bank credit is also an option

Yotta Data seeks $500 mn private credit to invest in data centres
Updated On : 18 Dec 2024 | 5:19 PM IST

As startups expand spacetech innovations for data, funds remain a concern

Spacetech startups are leveraging small satellites, cost-effective launch solutions, and the use of AI to introduce affordable technology that has a wide range of applications

As startups expand spacetech innovations for data, funds remain a concern
Updated On : 11 Dec 2024 | 5:51 PM IST

Startup reimagines bank lockers with high-tech vaults in gated communities

Aurm, a Bengaluru-based firm brings technology equipped lockers to gated societies, offering 24/7 access, military-grade security, and even insurance coverage

Startup reimagines bank lockers with high-tech vaults in gated communities
Updated On : 11 Dec 2024 | 5:42 PM IST

Karnataka inks agreement with New Jersey to boost tech, innovation ties

The Karnataka government on Tuesday signed a Letter of Intent (LoI) with the New Jersey Department of State, US, marking a significant step towards enhancing global cooperation in technology, innovation, and economic development, officials said. The agreement signed by Department of Electronics, IT, Bt, Government of Karnataka establishes a framework for collaboration between Bengaluru and New Brunswick, New Jersey, they said. In a statement, the Department said that the agreement will focus on Twin City Collaboration for promoting exchanges between Bengaluru and New Brunswick in identified focus areas. In Startup Ecosystem Engagement, it will focus on developing programs to foster synergies between the startup ecosystems of both regions. "As part of technological collaboration, it will focus on advancing cooperation in sectors such as life sciences, deep technologies (cybersecurity, AI), and electronics," it said. Key areas of collaboration will include life sciences, deep ...

Karnataka inks agreement with New Jersey to boost tech, innovation ties
Updated On : 10 Dec 2024 | 2:16 PM IST

MoS Jitendra Singh meets with institutional leaders on sidelines of IISF

Union Minister of State (Independent Charge) Jitendra Singh on Sunday called for strong StartUp-Industry linkage as the key to India's sustainable economic growth.He said this while addressing the Round Table of Institutional leaders from across the country on the sidelines of the India International Science Festival (IISF) 2024 here.The Round Table was attended by heads of all the important R & D institutes, Vice Chancellors of Universities and later joined by Industry leaders as well.In an address at the Round Table, the Minister emphasized the complete synergy of Research, Academia, StartUps and Industry to achieve the optimum goals. He underlined the pivotal role of science and innovation in driving India's journey towards becoming a developed nation, according to the Ministry of Science & Technology.Dr Jitendra Singh called for a strategic, collaborative approach involving academia, research institutions, and industry to tap into India's potential and push forward with

MoS Jitendra Singh meets with institutional leaders on sidelines of IISF
Updated On : 02 Dec 2024 | 7:06 AM IST

VC funding rises 44% to $9.2 billion in the first 10 months of 2024

Country continues to rank among top five markets globally for VC funding activity: Report

VC funding rises 44% to $9.2 billion in the first 10 months of 2024
Updated On : 29 Nov 2024 | 11:27 PM IST

India strengthens GenAI startup market, funding up over threefold: Nasscom

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

India strengthens GenAI startup market, funding up over threefold: Nasscom
Updated On : 25 Nov 2024 | 3:01 PM IST

Indian-born founders lead the charge in US unicorns, reveals study

India heads the list of non-US-born unicorn founders, with 90 from the country, followed by Israel with 52, Canada with 42, the UK with 31, and China with 27 founders

Indian-born founders lead the charge in US unicorns, reveals study
Updated On : 11 Nov 2024 | 12:08 AM IST

BS BFSI Summit: 'Higher PE/VC funding boosts governance excellence'

Bain Capital's Kotecha highlighted that the strongest indicator of PE's value is the long-term track record and measurable impact on portfolio companies

BS BFSI Summit: 'Higher PE/VC funding boosts governance excellence'
Updated On : 08 Nov 2024 | 11:13 PM IST

VC funding for Indian startups up 42% to $6.3 bn in Jan-July: GlobalData

Investment growth despite a cautious global investment climate, says analytics company

VC funding for Indian startups up 42% to $6.3 bn in Jan-July: GlobalData
Updated On : 26 Oct 2024 | 12:19 AM IST

AGNIT Semiconductors raises $3.5mn in seed round marking first investment

The five-year-old Bengaluru-based startup has raised $4.87 million in total so far and plans to use the fresh funds to scale its production and commercial operations

AGNIT Semiconductors raises $3.5mn in seed round marking first investment
Updated On : 17 Oct 2024 | 2:43 PM IST