Start-up India

Byju's fallout lingers but edtech ecosystem bets on long-term benefits

Following Byju's crash-and-burn, both industry players and investors are moving away from a valuations game to larger issues of governance and sustainable growth

Startup India made country a vibrant startup hub, says PM Modi

Lauding 'Startup India' as a transformative programme, Prime Minister Narendra Modi said on its ninth anniversary on Thursday that the initiative has propelled India to become one of the largest and most vibrant startup ecosystems globally. It is a landmark initiative that has redefined innovation, entrepreneurship and growth, he said, describing the programme as "very close to my heart," as it has emerged as a powerful way of furthering youth empowerment. He said on X, "Over the past nine years, this transformative program has empowered countless youngsters, turning their innovative ideas into successful Startups." People would doubt India's ability to thrive in this system just a decade ago, he added. The prime minister said this "transformative" programme has empowered countless youngsters, turning their innovative ideas into successful startups. From tech-driven solutions to rural innovations, healthcare advancements to biotech breakthroughs, Fintech to EdTech, clean energy to

T-Hub selects 23 startups for 1st cohort of AIC T-Hub Lab2Market programme

Startup incubator T-Hub on Monday announced the launch of AIC T-Hub Lab2Market program, which aims to transform groundbreaking research into market-ready innovations. Of 200 applicants, 23 startups have been chosen for the first cohort of the programme, according to a release. The programme offers a pathway for researchers and innovators to translate their ideas into commercial successes by focusing on two key objectives, that of developing Minimum Viable Products (MVPs) and converting them into scalable startups. "Startups participating in the Lab2Market program will receive comprehensive, tailored support. This includes interactive group learning sessions focused on product development, market strategies, and business model refinement," the release said, announcing the launch of the AIC T-Hub Lab2Market program. Each startup will benefit from personalised mentoring by industry experts, offering strategic guidance and addressing specific commercialisation challenges. "The program

India ranks one in number of IPOs and issuances globally: Sebi's Buch

Sebi Chairperson Madhabi Puri Buch said that Sebi is working towards simplifying the IPO documents and filing templates

Removal of angel tax for startups to help attract investors: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Sunday said that removal of angel tax, which was introduced in 2012 by the UPA government, for all classes of investors will help startups attract investments. He also said that the customs duty reduction for gold and silver from 15 per cent to 6 per cent will not only help small artisans but also promote the country's gems and jewellery exports. "The Budget 2024-25 has removed the angel tax and through it, we will be able to attract investors into the country, he said here at a post-budget interaction with the industry. Further Goyal informed that the budget has announced the setting up of 12 industrial townships in the country. He said that one of these will be in Maharashtra and it will help create jobs and a strong ecosystem for the industry and trade. The budget has also announced steps to promote diamond trade. India is a world leader in the diamond cutting and polishing industry, which employs a large number of skilled workers

Startups taking longer to hit Series A stage, fintech sees dip in avg time

An analysis of 10 sectors that received the most funding in 2023 shows that nine of them experienced an increase in the time taken to reach Series A compared to 2019

Indian family offices change startup bets after funding peaked in 2021

Consumer, retail and transportation and logistics technology startups have been the largest beneficiaries

CII asks startups to keep their valuations 'as realistic as possible'

It further stated that the start-up should be maintained as a separate legal entity with the organisation's assets distinct from the founders' assets

AI start up CEO held for son's murder: Estranged husband meets Goa cops

The estranged husband of Suchana Seth, the AI start up CEO accused of killing her four-year-old child, on Saturday appeared before Calangute police in Goa as part of the probe, an official said. Seth allegedly smothered her son to death in a service apartment in Candolim in north Goa, packed his corpse in a bag and hailed a taxi to go back to Bengaluru but was arrested mid-way on January 8 in Chitradurga in Karnataka, as per police. "Venkat Raman, the accused's husband, arrived here from Bengaluru in the afternoon and reached Calangute police station. We will be recording his statement in the case as part of the probe," the official said. Raman was in Jakarta in Indonesia when the murder took place. According to police, as per the initial investigations the woman smothered her son to death before trying to commit suicide by slashing her wrist.

Vibrant Gujarat summit: Seminars planned in Gandhinagar from Jan 10-12

Managing Director of Gujarat Mineral Development Corporation, Roopwant Singh, on Friday announced that the state is all set to host the Vibrant Gujarat Global Summit (VGGS) 2024

Space-tech startup Agnikul Cosmos raises Rs 200 crore, eyes expansion

Space-tech startup Agnikul Cosmos, incubated by IIT-Madras, on Tuesday said it has raised Rs 200 crore in the Series-B funding round and aims to use that for supporting its expansion plans as the firm looks at putting satellites in orbit. Agnikul has started the integration of the launch vehicle Agnibaan SubOrbital Technology Demonstrator at its private launchpad at the Satish Dhawan Space Centre in Sriharikota. "We are planning to have a test launch before the year-end," Agnikul co-founder and CEO Srinath Ravichandran told PTI. With the successful closure of a Series-B fund of Rs 200 crore (USD 26.7 million), the startup has increased its total capital raised till date to USD 40 million. The round saw participation from venture capital investors such as Celesta Capital, Rocketship.vc, Artha Venture Fund and Artha Select Fund, Mayfield India, along with existing investors such as pi Ventures, Speciale Invest and Mayfield India. "We have a fair idea of the technology that is involv

Unicorn India Ventures announces first close of Fund III at Rs 225 crore

With Fund III, UIV aims to build a portfolio of 25 startups that are focused on global SaaS and digital platforms, areas of expertise for Unicorn India

Unicorn club: From 1mg to InMobi, here're 100-plus start-ups in India

Bengaluru-based neo-bank platform 'Open' became India's 100th unicorn in May 2022

Start-ups beyond the founders: 2023 seems to be the year of changing roles

The funding winter and greater demands for accountability are encouraging promoters to step away from executive roles

DPIIT to undertake third party assessment of Startup India Seed Fund Scheme

The Department for Promotion of Industry and Internal Trade (DPIIT) is in the process of undertaking a third party assessment of Startup India Seed Fund Scheme to see its impact on the ground, a senior government official said on Friday. The Rs 945-crore scheme was launched in 2021. It aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialization. The fund was divided into four years for providing seed funding to eligible startups through eligible incubators across India. Joint Secretary in DPIIT Shruti Singh said though the department has received "good" feedback from incubators and startups on the scheme, "we are still doing a third party assessment so that somebody on ground can go and see". Over 85,000 startups have been registered with DPIIT, she told reporters here. Startup India was launched by the government on January 16, 2016. Under Startup India, to provide capital at various stages of t

PhysicsWallah, the unassuming underdog among edtech firms in India

While its rivals battled to stay afloat, PhysicsWallah has recorded consistent growth since the pandemic

Fintech firm Enkash claims three-fold growth in valuation since March

Start-up that helps businesses manage their payments says it will not seek more funding this financial year

Vikram-S rocket launch shows what an Indian start-up can do: Skyroot exec

Company behind privately developed rocket is looking for investors, says its co-founder

Start-up Odisha growth fund gets Rs 1,000 cr commitment, disbursal in 5 yrs

Flags off Hall of Fame 2.0 with TiE Bhubaneswar

Alternative fuel start-up Buyofuel raises Rs 11.5 cr in series A funding

The funds raised will be put towards expanding the company's services across geographies, development of product offerings as well as technology