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Indian startups

Startups have potential to contribute $120 billion to India's GDP by 2030

Startups have potential to contribute $120 billion to India's GDP by 2030

Thu, Dec 19, 2024

In fact, the contribution by startups can surge to a whopping $1.6 trillion by 2047, thus contributing 5 per cent of the GDP when India aims to become a 'Viksit Bharat' with a $35 trillion economy, the report mentioned.

Indian startups raise more than $348 million funding this week

Indian startups raise more than $348 million funding this week

Sat, Sep 07, 2024

The week was led by ride-sharing platform Rapido which raised $200 million in its Series E funding, taking its valuation to over $1.1 billion.

Maharashtra minister unveils major support for MSMEs and startups, eyes global fintech hub status for Mumbai

Maharashtra minister unveils major support for MSMEs and startups, eyes global fintech hub status for Mumbai

Fri, Aug 23, 2024

During the 9th Global Economic Summit on 'Fintech: Accelerating the Digital Revolution,' held from August 8-10, 2024, at the World Trade Center Mumbai (WTC Mumbai), Samant inaugurated the exhibition and outlined the government's strategic vision.

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Fintech firm InCred Capital picks 20% stake in HRtech startup TeamNest

Fintech firm InCred Capital picks 20% stake in HRtech startup TeamNest

Thu, Mar 09, 2023

The latest development comes soon after InCred acquired investment firm Orowealth in January this year. Simultaneously, the company announced to launch InCred Money to enter the retail wealth-tech industry.

Indian startups rejoice as Android ruling against Google upheld

Indian startups rejoice as Android ruling against Google upheld

Sat, Jan 21, 2023

CCI ordered Google in October to make a series of changes, such as refraining from agreements that ensure exclusivity of its search services and mandatory pre-installation of its apps.

From Paytm to Zomato to Nykaa: Should investors grab new-age stocks on steep falls?

From Paytm to Zomato to Nykaa: Should investors grab new-age stocks on steep falls?

Wed, Jan 18, 2023

Should you buy new-age stocks now. Some of these stocks have lost more than half of their value in the past one year. Vijay Chopra of Enoch Ventures finds Zomato better than Nykaa from the new-age space.

Start-up ST Advanced Composites aims big after UAE space agency deal

Start-up ST Advanced Composites aims big after UAE space agency deal

Fri, Dec 30, 2022

Aerospace and defence parts start-up ST Advanced Composites which supplied the necessary structural components for the manufacture of satellites for a UAE-based space agency aims to tap the market potential in this sector, a top official has said.

IIT Madras-incubated startup Plugzmart raises Rs 3.63 crore

IIT Madras-incubated startup Plugzmart raises Rs 3.63 crore

Wed, Dec 21, 2022

Other investors in the seed round also include Meera Reddy of SKCL, Kartik Meyyappan, L Ramkumar, Sivadas Raghava and Shailaja Reddy, the company said in a statement.

MeitY, Google to help 100 Indian startups scale their app biz

MeitY, Google to help 100 Indian startups scale their app biz

Thu, Dec 15, 2022

MeitY Startup Hub and Google will also launch a multi-city roadshow aiming to engage over 1,000 startups across emerging hubs like Surat, Indore, Coimbatore, Gangtok and Jaipur.

Government recognises 84,102 entities as startups as on November 30

Government recognises 84,102 entities as startups as on November 30

Thu, Dec 08, 2022

Under this initiative, entities are recognized as startups by the Department for Promotion of Industry and Internal Trade (DPIIT).

Electric two-wheeler startup Eko Tejas introduces muscle bike E-Dyroth

Electric two-wheeler startup Eko Tejas introduces muscle bike E-Dyroth

Wed, Nov 30, 2022

The smart vehicle has seamless integration between battery, controller and cluster and is packed with all kinds of smart features for a good driving experience.

'Closer synergy among research, academia, startups the way forward'

'Closer synergy among research, academia, startups the way forward'

Mon, Nov 28, 2022

The Department of Administrative Reforms & Public Grievances (DARPG) and Ministry of Electronics & Information Technology (MeitY) in association with the State Government of Jammu & Kashmir is organising the 25th National Conference on e-Governance (NCeG) on November 26-27.

Indian startups must brace for a long funding winter: Flipkart CEO

Indian startups must brace for a long funding winter: Flipkart CEO

Tue, Nov 22, 2022

Krishnamurthy told the gathering that startup founders should embrace a down-round and restructure their firms.

BharatX to invest USD 15 million in indigenous startups over 1.5 years

BharatX to invest USD 15 million in indigenous startups over 1.5 years

Fri, Nov 18, 2022

A joint venture between India Accelerator and think-tank Council for International Economic Understanding (CIEU), BharatX will invest Rs 1-5 crore in each startup during the first edition of the accelerator programme.

Amid headwinds, pockets of opportunities for funding innovative, disruptive startups remain: Experts

Amid headwinds, pockets of opportunities for funding innovative, disruptive startups remain: Experts

Mon, Nov 14, 2022

Early-stage funds will keep a watchful eye on key metrics like path-to-profitability, team and governance, cash flow cycles, and debtor days and guard against over-dependence of ventures on a single client when making investment decisions, experts said while speaking at an investor panel during TiECON Pune 2022 'Future Achievers Conclave'.

Lending startup ftcash gets NBFC licence from RBI

Lending startup ftcash gets NBFC licence from RBI

Wed, Nov 09, 2022

Founded by Sanjeev Chandak, Deepak Kothari and Vaibhav Lodha in 2015, the company has partnerships with Northern Arc, Ugro and Ambit to offer credit to customers.

Kerala govt to reimburse tech license cost to startups

Kerala govt to reimburse tech license cost to startups

Mon, Nov 07, 2022

KSUM CEO, Anoop Ambika, said this scheme will help startups in the State to gain greater access to know-how required for turning their ideas into marketable products.

Karnataka: Startup challenge 'Venturise' to offer $100,000 to winners

Karnataka: Startup challenge 'Venturise' to offer $100,000 to winners

Thu, Nov 03, 2022

The officer said the announcement will be made at the conclusion ceremony of the investors conclave.

Starup BankSathi adds 3 more regional languages to break barrier in financial inclusion

Starup BankSathi adds 3 more regional languages to break barrier in financial inclusion

Wed, Nov 02, 2022

Introduction of new languages will support and encourage awareness for locals to bolster the growth in the lesser-known financial domain.

Indian startups make deep hiring cuts, permanent employee hiring down 61%

Indian startups make deep hiring cuts, permanent employee hiring down 61%

Tue, Nov 01, 2022

The changing dynamics of the startup ecosystem has resulted in massive shifts in hiring patterns in the last 12 months.

PM urges startups to take advantage of space sector opportunities

PM urges startups to take advantage of space sector opportunities

Mon, Oct 31, 2022

Modi said that Indian industries and startups are engaged in bringing new innovations and new technologies in this field. In particular, the collaboration of IN-SPACe is going to make a big difference in this area.

Silverneedle Ventures launches Rs 100 cr fund; plans to invest in 30 startups

Silverneedle Ventures launches Rs 100 cr fund; plans to invest in 30 startups

Fri, Oct 21, 2022

The funding round was backed by marquee investors such as Andrew Holland, Bharat Serum Family Office, IPV, Mumbai Angels, and Jet Synthesys.

VendiGo, a portal for multi-restaurant food orders on single bill

VendiGo, a portal for multi-restaurant food orders on single bill

Thu, Oct 20, 2022

The startup, VendiGo, which is expected to be launched in the state capital soon is like a virtual food court where customers can place orders on multiple restaurants, a release issued by the company has said.

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