Page 5 - Startups In India

Binny Bansal's Three State Ventures invests Rs 207 crore in Curefoods

The funding would help the startup to compete with firms like Rebel Foods, Biryani by Kilo and EatClub

Startup Mahakumbh 2024: A rite of passage for India's innovators

Startup Mahakumbh is expected to host more than 1,000 startups, as many investors, 50 unicorns, 500 incubators and accelerators, 5,000 delegates from 23 countries, and 50,000 business visitors

India's startup scorecard

For the startup ecosystem in India, the scorecard so far has been a mixed bag

Quick commerce major Zepto introduces Rs 2 platform fee for select users

Swiggy Instamart and Zomato-owned Blinkit currently do not charge a platform fee for their grocery orders

Time taken for startups to get Series A funding longest in over a decade

Waiting for institutional round of financing could extend to 86 months compared to 81 last year

Meesho initiates largest ESOP buyback programme totalling Rs 200 cr

Eligible current and ex-employees across the spectrum, from junior-level executives to senior leadership can voluntarily participate in this program, the company said in a statement

Zopper eyes expansion into EMs, targets 50-60% growth in India in 3 years

Zopper plans to expand its distribution ecosystem and strengthen partnerships with banks, non-banking financial companies (NBFCs), travel portals, brands, and retail chains

Centre to develop non-personal data collection platform for India Inc

Govt plans to develop foundational models with a capacity of more than 100 billion parameters, said Union Minister Rajeev Chandrasekhar

Bharat Jodo Nyay Yatra: No startups in the country, claims Rahul Gandhi

Gandhi claimed the Centre had waived off loans to the tune of Rs 16 lakh crore of big corporates but was unwilling to provide the same relief to farmers, students and labourers

abCoffee raises $3.4 mn in funding round led by Nexus Venture Partners

Specialty coffee company says financing will help it expand supply chain

Google's billing policy dispute: Startups want apps restored on Play Store

App developers said Google was using its dominant position to charge exorbitant commissions of 15-30% for its services

PE/VC exits surge 36% to $24.8 bn in 2023 amid declining investments

The infrastructure sector emerged as the leader, attracting $11.6 billion in investments in 2023, while traditional favorites such as financial services and technology witnessed a decline

Fintech compliances have to be simplified, made user friendly: Sitharaman

She said that the emphasis of the government has been on system reforms to throw out unnecessary laws that may become an instrument in the hands of rent-seekers

Startups backbone of new India, it's our time under the sun: Piyush Goyal

Goyal said that the event will be a platform to showcase India's success stories built over the last decade. It would also showcase to the world that "India has today emerged as a global leader"

India startup boom: Goyal exhorts entrepreneurs not to 'miss the bus'

Terming startups as the backbone of new India, Union minister Piyush Goyal on Tuesday exhorted entrepreneurs not to "miss the bus" and make most of the opportunities as India transitions to become a 35 trillion dollar economy by 2047. India, he said, has emerged as a global leader, and its story is one of confidence, good governance and continued innovation. "I believe startups will be backbone of new India. This is our time under the sun, and the sun is rising," the minister for commerce and industry said at a curtain raiser event for upcoming 'Startup Mahakumbh'. "I hope we don't miss the bus. I hope the message goes loud and clear to all startups not to lose this opportunity," he said, adding that the upcoming mega event will showcase the startup revolution sweeping the country. Goyal exuded confidence that young Indians will shape the country's destiny in 'Amrit kaal'. "...It is this young India that is going to shape our destiny...as we transition from 3.5 trillion dollar eco

Bihar govt, SIDBI join hands to collaborate on enhancing startup ecosystem

The Bihar government and the Small Industries Development Bank of India (SIDBI) have signed an MoU in a bid to boost the startup ecosystem in the eastern state, officials said. The initiative is aimed at creating a conducive environment for startups and transforming Bihar into a startup hub, a SIDBI release said. "The Bihar Startup Fund Trust (BSFT) and SIDBI entered into an MoU to administer the Rs 50-crore Bihar Startup Scale-up Financing Fund' (BSSFF), it said. The BSFT is the nodal agency constituted by the Industries Department for implementation of the Bihar Startup Policy. Under the policy, the state government has set up the BSFT with an initial corpus of Rs 500 crore. Out of this, BSSFF has been established with an initial corpus of Rs 50 crore for scale-up funding support to startups, the release said.

Startup & family business governance

Boards must rely on and act upon early warning signals of behavioural aberrations beyond the boundaries of business sanity and neeyat

About 45% of demand for global brands come from non-metros: Myntra's CPTO

AI and personalised shopping drive Myntra's expansion into new regions

MIF partners with Rajasthan University to help youth build startups

The tieup with the Entrepreneurship and Career Hub (ECH) will provide youth with technology and support to help them build startups

Why startups are flipping back to India in spite of the hefty tax bill

The thing is, if a company wants to move from another country to India as a domicile, it is treated as a capital gains event for existing investors