Page 17 - Start-ups

Rajasthan govt's iStart scheme is proving to be a boon for start-ups

Around Rs 4.15 crore has been given as subsidy to 83 start-ups, the official said

India ranks third in world start-up ecosystem, says Anurag Thakur

Union Minister Anurag Singh Thakur on Saturday said India is now the hub of 'Start-up' ecosystem in the world, ranking third with 90,000 'Start-Ups' and 107 unicorn companies worth 30 billion dollars. The Minister for Information and Broadcasting, and Youth Affairs and Sports was speaking at the valedictory function of 36th Inter-University North Zone Youth Festival (Antarnaad) under the aegis of Association of Indian Universities (AIU) at the Jammu University. More than 1,000 participants from 18 universities across the country participated in the week-long festival. "India is now the hub of 'Start-up' ecosystem in the world, ranking third with 90,000 'Start-Ups' and 107 unicorn companies worth 30 billion dollars which has been possible only by the contribution of India's youth," the minister said. Thakur said the world is looking towards New India under Prime Minister Narendra Modi as India is now the biggest exporter of vaccines, biggest exporter of mobile phones and defence ...

Freightify raises $12 million in series A led by Sequoia Capital

Freightify helps power digital transformation of Freight forwarders through their suite of proprietary products

Union Budget 2023-24: FM Sitharaman extends tax benefits to start-ups

The allocation for start-ups in the Budget include Rs 160 crore under Startup India Seed Fund (SISF)

Budget 2023: Govt extends tax holiday for homegrown start-ups till Mar 2024

The tax holiday scheme was earlier available for startups incorporated till March 31, 2023

BharOS opens doors for OEMs, companies; already in talks with 8 entities

At present, BharOS is compatible with Google Pixel phones; it has no default applications, so users aren't forced to use apps they may not be familiar with or trust

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

Accounting practices at start-ups in India come under the scanner

Where valuation has overpowered value and revenue recognition is a grey area, new accounting metrics is seeing new-age ventures jump through hoops

Property data start-up Landeed raises $8.3mn in seed round funding

Company says it will use financing to build property title search engine, improving technology

Sleep solutions firm Wakefit raises $40 mn in funding from Investcorp

Start-up will use money for expanding manufacturing and supply chain capabilities

Investment in German start-ups slumps 43% in 2022 to nearly $10.6 billion

Investment in German start-ups slumped by 43 per cent in 2022 to nearly 9.9 billion euros ($10.6 billion), after a record year in 2021, consulting firm Ernst and Young (EY) Germany said.

Drone deliveries poised for a big leap: Trials conducted in over 15 states

More than 15 states in the country have conducted demonstrations and technical feasibility pilots

The sun to moon: India's space sector is gearing up for an eventful 2023

This year will see missions to study the sun and the moon, and a raft of startups are gearing up to take India's space initiatives forward

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

Never let the fear of failure stymie you

The cost of failure was the wages lost for the period the start-up was running, stacked on the other side were the benefits success would bring

Bleeding shares of start-ups call for review of ESOP taxation policy

Companies generally deduct the tax payable at the time of allotment of shares by adding the income from ESOPs to employees' income as personal income tax

Technopark sees boost in IT export revenue; Kerala CM praises performance

Kerala's information technology hub Technopark has achieved a growth of Rs 1,274 crore in its IT export revenue compared to the last financial year, Chief Minister Pinarayi Vijayan has said. Technopark achieved an export revenue of Rs 9,775 crore in FY 2021-22, which is 15 per cent higher than the previous year. Last financial year (FY 20-21), Technopark's export revenue was Rs 8,501 crore, he said. In addition, the recognition by the Government of India for filing GST accurately and CRISIL (Credit Rating Information Service of India) rated A+/Stable till June 2023 were also remarkable achievements, the Chief Minister said. Vijayan, in a Facebook post on Thursday, said the IT hub is soaring to new heights and its achievements were the result of various schemes implemented by the LDF government to ensure the growth of IT parks in the southern state. "During the last one and half years, Technopark allotted office spaces to 78 companies covering an IT built up area of 2,68,301 sq. ft

Legal tech start-ups have raised $57 mn in funding since 2013: Report

Indian sector has more than 650 firms and is valued at $1.3 bn to be second biggest in the world

Quick commerce finds it footing amid funding winter, now needs to scale

The sector has fared well both on the fund raising front and on operational performance

With over 100 profitable startups India poised to see IPOs in next 5 yrs

While the stock performances of tech IPOs, compared to other consumer companies, witness a steeper crash, India is poised to see more than 100 large-scale profitable/path-to-profitability startups