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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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PM Narendra Modi flags off 100 'kisan drones', says new drone start-up culture rising in country

PM Narendra Modi flags off 100 'kisan drones', says new drone start-up culture rising in country

Sat, Feb 19, 2022

Prime Minister Narendra Modi expressed confidence that India's rising capability in the drone sector will give the world a new leadership, as he flagged off 100 'kisan drones' in different parts of the country.

Budget 2022: Tax incentives for startups incorporation period extended by 1 year: FM Nirmala Sitharaman

Budget 2022: Tax incentives for startups incorporation period extended by 1 year: FM Nirmala Sitharaman

Tue, Feb 01, 2022

Finance Minister Nirmala Sitharaman on Tuesday has given a big relief to startups in the budget 2022.

Commerce Minister Piyush Goyal urges global venture capital funds to focus on startups from tier 2 and 3 cities

Commerce Minister Piyush Goyal urges global venture capital funds to focus on startups from tier 2 and 3 cities

Fri, Jan 14, 2022

The Roundtable was held through video conference as part of the Startup India Innovation Week.

Kerala Angel Network invests in two south Indian startups

Kerala Angel Network invests in two south Indian startups

Mon, Dec 13, 2021

Two south Indian start-ups, Kerala-based talent-hiring venture, Zappyhire and Chennai-based digital home-cooking firm Cookd, have received investment from the Kerala Angel Network (KAN), an initiative of TiE Kerala.

Cloud kitchen player Big Spoon gets USD 2 mn from Grip Invest

Cloud kitchen player Big Spoon gets USD 2 mn from Grip Invest

Wed, Dec 01, 2021

Big Spoon offers 11 different brands covering varied cuisines including Makhni, Oven and Grill, Meals 101, Monkey Fries, the Wrap Co and East Pizza Co.

Meesho introduces annual ESOP programme

Meesho introduces annual ESOP programme

Fri, Nov 19, 2021

Digital commerce platform Meesho on Friday said it has introduced an annual 'MeeSOP' programme, wherein every full-time employee will be able to convert upto 25 per cent of their annual CTC into ESOPs .

Mosaic Wellness raises USD 24 mn in funding round led by Sequoia Capital India

Mosaic Wellness raises USD 24 mn in funding round led by Sequoia Capital India

Wed, Nov 10, 2021

Health and wellness startup Mosaic Wellness on Wednesday said it has raised USD 24 million (over Rs 175 crore) in a Series A funding round led by Sequoia Capital India.

Government aims to make Karnataka hub for next breed of fabless startups to thrive: Minister

Government aims to make Karnataka hub for next breed of fabless startups to thrive: Minister

Thu, Oct 21, 2021

Karnataka Minister for Electronics, Information Technology and Biotechnology C N Ashwath Narayan said that the government aims to make the state the hub around which the next breed of Indian fabless startups can thrive.

Atal Innovation Mission launches 'Innovations for You' to showcase success stories of start-ups

Atal Innovation Mission launches 'Innovations for You' to showcase success stories of start-ups

Thu, Oct 21, 2021

These start-ups are leveraging frontier technologies such as artificial technology, internet of things, information and communication technology as well as others to provide socially relevant solutions to problems like anaemia, malaria, dental care, mental health, neonatal and child care and monitoring human vitals.

Indian startups raise USD 10.9 bn in funding in Jul-Sep: PwC India report

Indian startups raise USD 10.9 bn in funding in Jul-Sep: PwC India report

Mon, Oct 18, 2021

According to a PwC India report, Indian startups received a record funding of USD 10.9 billion across 347 deals in the third quarter of 2021.

Jewellery start-up Melorra raises USD 24 million for expansion

Jewellery start-up Melorra raises USD 24 million for expansion

Wed, Oct 13, 2021

Jewellery start-up Melorra has raised USD 24 million (around Rs 180.5 crore) to enhance technology capabilities, ramp up brand marketing and expand its experience centre footprints across the country.

Chalo raises $40 mn from Lightrock India, Filter Capital, others

Chalo raises $40 mn from Lightrock India, Filter Capital, others

Tue, Oct 05, 2021

Public transport technology firm Chalo has raised about Rs 297.8 crore in funding led by Lightrock India and Filter Capital.

Licious raises USD 52 mn in Series G round; achieves unicorn status

Licious raises USD 52 mn in Series G round; achieves unicorn status

Tue, Oct 05, 2021

Tech startup Licious, which sells fresh meat and seafood has raised around Rs 387 crore from investors, including IIFL AMC, and has achieved the unicorn status.

Boodmo raises Rs 40 crore in funding round

Boodmo raises Rs 40 crore in funding round

Mon, Oct 04, 2021

Start-up automotive spare parts e-commerce platform, boodmo.Com on Monday said it has raised Rs 40 crore in a fresh round of funding. The fresh fund will be used to scale up the business, implement a new warehouse management system, improve delivery speed, etc.

BetterPlace acquires Oust Labs to upskill 10 cr workers

BetterPlace acquires Oust Labs to upskill 10 cr workers

Mon, Oct 04, 2021

Indian blue-collar lifecycle management startup BetterPlace has acquired US-based Oust Labs, a micro-learning software-as-a-service (SaaS) platform, in an all-cash deal. BetterPlace recently raised $24 million in Series C funding from multiple investors, like CX Partners, Jungle Ventures and 3One4 Capital, among others.

Meesho raises USD 570 mn funding, valuation more than doubles to USD 4.9 bn

Meesho raises USD 570 mn funding, valuation more than doubles to USD 4.9 bn

Thu, Sep 30, 2021

Social commerce platform Meesho has raised USD 570 million (about Rs 4,235.2 crore) in a funding rounding led by Fidelity Management & Research Company, B Capital Group, Prosus Ventures, and SoftBank Vision Fund 2.

IMPunjab: Punjab CM Amarinder launches 'Innovation Mission Punjab' to boost start up sector

IMPunjab: Punjab CM Amarinder launches 'Innovation Mission Punjab' to boost start up sector

Thu, Sep 02, 2021

Punjab Chief Minister Amarinder Singh said that the Mission will unleash state's growth potential and create a thriving economy by generating jobs and inviting investment.

SaaS startups firming up plans for IPOs

SaaS startups firming up plans for IPOs

Wed, Sep 01, 2021

Software-as-a-service (SaaS) companies seem to be coming off age, with several of them firming up initial public offering (IPO) plans to raise capital from the market.

VerSe Innovation raises Rs 3,349 crore, doubles valuation in five months

VerSe Innovation raises Rs 3,349 crore, doubles valuation in five months

Thu, Aug 12, 2021

Local language technology platform VerSe Innovation said on Thursday it has raised and signed definitive documents for 450 million dollars (about Rs 3,349 crore) in a series one funding round from marquee global investors Siguler Guff, Baillie Gifford, affiliates of Carlyle Asia Partners Growth II and others.

Good news for Indian companies! Government to ease restrictions on FDI by joint ventures soon

Good news for Indian companies! Government to ease restrictions on FDI by joint ventures soon

Sun, Nov 17, 2019

In a bid to ease the flow of foreign funds into legitimate business activities, the government may soon ease restrictions on foreign direct investment (FDI) by joint ventures (JVs) or wholly-owned subsidiaries (WOS) of an Indian company without categorising such investments as "suspect" involving `round tripping` of funds.

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