Page 2 - Tech Start-ups

CII collaborate with Vedanta to support technology-based startups

Industry body CII's Centre of Excellence for Innovation, Entrepreneurship and Startups on Tuesday announced its strategic partnership with Vedanta Limited, a globally diversified natural resources conglomerate. This collaboration aims to promote corporate-startup connect and provide support to technology-based startups through CII CIES's Corporate Accelerator program, CII stated. As part of this programme, startups have the opportunity to present their minimal viable products (MVPs) on demo day, to secure contracts with participating corporates. "This partnership aims to impact a substantial number of startups in the technology space. Through this collaboration, Vedanta Limited aims to leverage CII CIES's expertise to identify and nurture startups that align with its vision of transformative and sustainable technologies," CII said.

Average salary in e-commerce, tech start-ups at a five-year low: Report

The average salary in the hospitality sector also fell to a five-year low in FY22: TeamLease report

Tech startups find one of their last funding sources shrinking up

Climbing interest rates have made the funding more expensive for companies, and one of the biggest venture lenders faced a run on the bank that forced government regulators to seize it and sell it

50 months on average: Delayed patent examinations stifle inventors

Experts say such delays in the patent examination may become a speed bump for Indian innovators if not improved soon

Give details of tech, R&D proposals to expert group: Cab sec to ministries

Ministries must also share details on whether the technology being procured is the latest in its field and provide justifications if that is not the case

How Indian tech cos banded together to help each other during SVB crisis

The SVB collapse has alerted hundreds of Indian investment and tech companies. They came together to help each other and share knowledge to deal with the impact

India, Lithuania to work together on deep tech startups, semiconductors

India and Lithuania on Tuesday agreed to work in the areas of deep tech startups as well as forge lasting ties in manufacturing of semiconductor chips

Chennai's startup Atsuya Technologies named 'Great Place to Work'

Great Place to Work surveys companies globally and conducts research on the characteristics of great workplaces

India added 1,300 active tech start-ups in CY2022, taking tally to 27,000

The country also added the second highest number of Unicorns, at 23 in CY2022, according to a Nasscom-Zinnov report

India now has nearly 27K active tech startups, added 1,300 last year

India added over 1,300 active tech startups last year, taking the total tally of active tech startups to 25,000-27,000, a Nasscom report said on Wednesday.

Tech-led startups mushroom across realty sub-segments in post-pandemic era

Number of proptech enterprises have grown at CAGR of 200% to over 1,400 in 2022, from just two in 2016, shows Anarock study

Fractal Growth Partners eyes $250 mn fund to invest in Indian tech startups

"It's targeting investments of $10 million to $15 million per target company and plans to close the investments in about five years"

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

Investment in agri tech startups jumps 2-fold to $4.6 billion in FY22

Investment in technology startups in the agriculture and food sector jumped over twofold to USD 4.6 billion during the last fiscal on the back of higher inflow in restaurant marketplace and e-grocery, according to a report by AgFunder and Omnivore. "Total investment in agrifoodtech startups for India's fiscal year (FY) 2022 stood at USD 4.6 billion, up 119 per cent from FY2021. Deal volume also increased to 234 in FY2022 as compared to 189 deals in FY2021," according to the report titled 'India AgriFoodTech Investment Report 2022'. AgFunder is foodtech and agtech venture capital firm, while Omnivore is a venture capital firm, based in India, which funds entrepreneurs building the future of agriculture and food systems. "Downstream investments continue to boost overall funding into the agrifoodtech space. Downstream startups raised USD 3.8 billion in FY2022, a 115 per cent increase from USD 1.77 billion in FY'2021. This significant growth is due to Swiggy which raised USD 1.2 billion

Zomato, Paytm dole out ESOPs to top executives in H1FY23 despite losses

According to regulatory filings by Paytm and Zomato, key managerial personnel have been rewarded ESOPs worth crores during the first half of FY23

HireQuotient bags investment from Flipkart co-founder Binny Bansal

This comes after the company raised $1.8 million in pre-series A funding last year from Sumant Sinha of ReNew Power, Mohan Lakhamraju of Great Learning, Sujeet Kumar of Udaan; and Kunal Shah of CRED

Only 11% investment in deep tech start-ups, need more seed funding: NASSCOM

India's deep tech startups need higher seed and early stage funding to grow faster as only 11 per cent of technology-related funds reach this ecosystem as of now, National Association of Software and Services Companies (NASSCOM) president Debjani Ghosh said on Friday. Deep tech or deep technology startups are enterprises that work in the area of emerging technologies like artificial intelligence (AI), robotics, quantum, blockchain, Internet of Things (IoT), drones and augmented reality (AR). Speaking at a workshop on 'Startups and Entrepreneurship: Vision India@2047', organised by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce, Ghosh pointed out that of the total 25,000-plus tech startups in the country, only 3,000 are related to deep tech that account for only 12 per cent. India has some excellent deep tech startups working across the entire range of emerging technologies, but only 11 per cent of total technology-related funding i

Manipal Hospitals partners with Google Cloud to improve patient service

Healthcare company will use Google Cloud's technology for virtual care and other services

You're fired! Layoff crisis getting out of control at unicorns in India

A growing list of top tech unicorns or companies with over $1 billion valuation each is laying-off employees in an attempt to conserve cash and focus on profitability amid a funding winter this year

Chiratae Ventures Growth Fund -I announces its first close at Rs 759 crore

The fund is targeting to invest across 15-20 companies raising Series C and beyond rounds