Startups In India

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

Unicorn startups' headcount declines 6.7k in a year: PrivateCircle Research

Mumbai unicorns saw a net decrease of 7,024 employees. Pune and Hyderabad too recorded a decrease in their overall workforce numbers

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

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 contribution to economy projected to reach $1 trillion by 2030

India's startup ecosystem, valued at over $349 billion, ranks third globally in unicorn count as of May 2024

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

Q-com enablement firms pick up speed as D2C brands eye faster deliveries

As D2C brands embrace quick commerce for faster deliveries, logistics firms are scaling up operations and securing funding to meet rising demand in a rapidly growing market

Robotics, precision manufacturing hot bets for investors: Accel's Prakash

Accel's Prakash says India will become precision manufacturing powerhouse for aerospace and defence in next few years

Bengaluru Tech Summit unveils initiatives to support startups at all stages

One of the initiatives is Innovate Campus, which focuses on deep-tech innovations such as quantum AI, climate tech, and space tech

Google Cloud expands support for early-stage AI startups in India

Google said it has introduced the Emerging ISV Partner Springboard, a 12-week programme designed to supercharge growth for AI startups

ADDA to invest Rs 15 cr for expansion in India's society management market

Startup ADDA, which provides software solutions for management of housing societies, will invest Rs 15 crore over the next one year to expand its business in India, its co-founder and CEO San Banerjee said. Established in 2009, ADDA has clients in over 10 countries, including India, the US, the Middle East and Singapore. In India, ADDA has clients in around 80 cities. Its total client base in India exceeds 3,500 Communities. ADDA provides all features required for managing a housing society - visitor management, billing and collection of society dues, facility booking, assets and inventory, among others. There are several advanced features, including violation tracking and AI-powered community helpdesk. "We will be investing Rs 15 crore in India operations to expand our presence in the association's segment in the 7 major cities. The fund will also be used to onboard the developers segment that is more sensitised towards resident experience as well as post-sales automation in the ..

Zomato's CEO Deepinder Goyal launches health, wellness startup 'Continue'

Goyal, who has long expressed interest in health and wellness, has previously invested $10 million in Alpha Wave-backed Ultrahuman-a startup that makes health tracking wearables

Taming the unicorns: Attention to institution building is critical

As India's unicorns race to become decacorns, they must absorb the less glamorous sobriety of institution-building too

The quantum clock is ticking: Strong policy framework needed for India

India must urgently develop a robust policy framework for the adoption of quantum technologies to build on the initial successes achieved by its startups

Samantha Prabhu invests in wellness startup Secret Alchemist as co-founder

Aromatherapy-based wellness brand Secret Alchemist was founded in 2021 by Ankita Thadani and Akash Valia. The brand offers a range of products for holistic well-being

Top 5 private equity players invested $9 billion in in first half of 2024

The PE major has invested over $8 billion in the country through more than 30 deals, making it a force to reckon with. It has said it would invest around $5 billion this year in India

Indian startup funding dips 7% to $7.6 billion in first nine months of 2024

Funding rounds declined to 1,036 from 1,579 during the same period, according to data from market intelligence platform Tracxn's India Tech 9M 2024 report

One startup per district: Digital portal BHASKAR launched to push growth

Union Minister Piyush Goyal launched the BHASKAR portal to connect startups, investors, and service providers, a move aimed at pushing the Centre's efforts to promote the startup sector

Accel Atoms 4.0 applications for startups focusing 'Bharat', AI open today

Accel Atoms 4.0, the fourth cohort of global venture capital firm Accel's pre-seed scaling programme, is inviting applications starting Monday from promising startups in two categories - those building for Bharat' and those focused on Artificial Intelligence (AI). The application window closes on November 17, 2024. The company defines Bharat' as middle-income households spread across Tier 2, Tier 3 and rural India, which is estimated to be a USD 500 billion consumer market opportunity. The top 20 per cent of the rural population has a higher MPCE (monthly per capita expenditure) than about 50 per cent of the urban population. Accel believes multiple Indian unicorns will emerge from the 'Bharat' opportunity, the company said in a statement. A 'unicorn' in industry parlance refers to a privately held startup company that commands a valuation of over USD 1 billion. Through the three-month hybrid programme, pre-seed stage startups selected for Accel Atoms 4.0 will gain mentorship from

Unicorn India Ventures eyes a new chapter, aims to be a cross-border fund

Cross-border funds have their unique advantages: they allow funds to build strong connections in two countries and create a network that encompasses both regions