Page 9 - Startups In India

Veteran entrepreneurs look to ramp up their bets in Indian startups

Founders, after building their own companies, have often sought to invest in newer startups

Byju's puts Epic, Great Learning on sale to raise $800 million-$1 billion

Byju's is hoping to earn between $400-$500 million from the sale of Epic, which is a US-based kids' learning company

Sovereign Wealth Fund Institute lines up opportunity for startups funding

Of the six global startups that will be presenting their five-minute elevator pitches at FORT North America 2023, two will be Indian, representing the fast-growing startup ecosystem in the country

If next Indian unicorn wants to set up biz in Dubai, we will help: Badri

Badri who was on an India visit said that Dubai has laid out an ambitious $8.7 trillion economic plan in a decade under the Dubai Economic Agenda D33

Weekend Bites: Over the moon, thaw in funding winter, India's chess moment

In which we munch over the week's platter of news and views

Zepto becomes first unicorn this year, raises $200 mn at $1.4 bn valuation

This comes amid a funding slowdown where startups, across the board, have found it challenging to raise capital

Space rickshaw to funding: Startups aim for the moon after Chandrayaan-3

Companies expect foreign collaborations and technology tie-ups after Isro's successful mission

Govt policies helped India become world's 3rd largest startup ecosystem: PM

Prime Minister Narendra Modi on Tuesday said the policies of the government are providing support to the youth of the country and their strength has helped India become the third largest startup ecosystem in the world. Addressing the nation on the 77th Independence Day, he said the country's exports are growing and experts world over believe India's economy would continue its growth trajectory. "I believe in youth power, youth power is my strength... Our policies are giving more power to youth strength... The youth of the world are getting amazed by seeing the strength of Indian youth," he said from the ramparts of the Red Fort. Their strength has helped India become "the third largest startup ecosystem in the world," Modi added. The government has recognised as many as 98,119 entities as startups as on April 30 this year. These startups are eligible for availing incentives, including tax benefits under the Startup India scheme. Schemes like Fund of Funds for Startups, Startup Ind

As startups lay off staff to cut costs, employees head out for job hunt

Employees not just from edtech but also from commerce and digital media startups are looking out for new jobs amidst massive layoffs

Govt recognises 98,119 entities as startups as on Apr 30: MoS Comm in LS

The government has recognised as many as 98,119 entities as startups as on April 30 this year, Parliament was informed on Wednesday. These startups are eligible for availing incentives, including tax benefits under the Startup India scheme. Schemes like Fund of Funds for Startups, Startup India Seed Fund Scheme and Credit Guarantee Scheme support these entities at various stages of their business cycle, Minister of State for Commerce and Industry Som Parkash said in a written reply to the Lok Sabha. "Since the launch of the Startup India initiative in 2016, DPIIT (Department for Promotion of Industry and Internal Trade) has recognised 98,119 entities as startups as on 30th April 2023," he said. In a separate reply, he said that as on April 30, Rs 611.36 crore has been approved for 160 incubators by the Experts Advisory Committee (EAC) under e Startup India Seed Fund Scheme. "The approved incubators have selected 1,039 startups for financial support of Rs 176.63 crore," he ...

ESOP buybacks among Indian start-ups may resurge as macro headwinds ebb

ESOP buybacks, the primary method of liquidation for employee-owned stocks, usually follow the prevailing funding trend

Meta signs MoU with govt's INDIAai for research and collaboration on AI

The MoU was signed by Abhishek Singh, CEO of India AI, and Shivnath Thukral, director and head of public policy, Meta in India

How Ankit Agrawal is building InsuranceDekho as fastest growing insurtech

InsuranceDekho was started in 2017 with a vision of democratising the Indian insurance sector by simplifying the insurance buying, selling, and claim process

Shark Tank Season 1: Which shark honoured most number of deals? Check here

In total, out of a total of 65 deal commitments, only 40% (28) deals were honoured by seven sharks

Data protection bill: Govt mulls exempting startups from data sharing rules

Only government-notified data fiduciaries and data processing entities will be exempted when it comes to data collection and data sharing

Startups in India to grow tenfold in next 4-5 years: Rajeev Chandrasekhar

Hailing India's remarkable progress in building unicorns and startups, Union Minister Rajeev Chandrasekhar prophesised that the next 4-5 years will witness substantial growth for such enterprises and the startups in the country will increase by 10 times. Speaking at the JITO Incubation Innovation Foundation (JIIF) Sixth Foundation Day and Investors/Startup Conclave in Hyderabad, the Union Minister of State for Skill Development and Entrepreneurship and Electronics and IT, highlighted India's remarkable progress in creating unicorns and startups, how they have successfully entered areas in emerging technologies such as AI, Web3, and deep tech, an official release said on Sunday. The Minister, who engaged with industry leaders and aspiring young entrepreneurs, emphasised the transformative journey India has embarked upon since 2014. From being predominantly focussed on IT and ITes, the next 4-5 years will witness substantial growth for startups and unicorns, Chandrasekhar said during

Fibe eyes upskilling space for lending even as ed-tech faces crunch

The company, which averages around Rs 40 crore in monthly topline sales in the category, partners with upskilling platforms to lend credit to consumers

Why are governance lapses increasing in Indian startup ecosystem?

Conversations around proper governance among startups are increasing

Prime Video announces series to highlight India's most promising start-ups

The 'Mission Start Ab' series will feature ten early-stage grassroots entrepreneurs who focus on made-for-India innovations

Tamil Nadu's Atsuya secures spot in Google's Startup Accelerator Program

Under the program, tech companies using artificial intelligence/ machine learning (AI/ML) get access to Google's resources, programs, people, products and technology