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Indian Startup Factory
Indian startups today contend with a range of hurdles, including access to consistent funding, navigating intricate regulatory and tax frameworks, overcoming bureaucratic obstacles, retaining talent, and earning consumer confidence in a price-sensitive market, according to Rukam Capital's Archana Jahagirdar. Jahagirdar -- the Founder and Managing Partner of the venture capital firm, which has invested in startups like Beco, Sleepy Owl, Indus Valley, GO Desi, Burger Singh, and Antithesis -- believes that while ambition and innovation of Indian startups are undeniable, access to consistent funding, especially at the early stage, remains a major roadblock. "Unlike more mature ecosystems, India still sees uneven distribution of capital, with non-metro startups facing even steeper barriers. Operating within a maze of complex rules and taxing systems is another industry challenge. "Beyond funding, Indian startups often grapple with regulatory bottlenecks, talent retention, and building ..
Startup Flipspaces, which provides design and building solutions for commercial spaces, has raised USD 35 million (around Rs 297 crore) from investors to expand its business. In a statement on Wednesday, the company said it has "raised USD 35 million in primary and secondary capital, led by tech growth investor Iron Pillar and supported by existing backer, Prudent Investment Managers, and incoming Synergy Capital." This capital raise will be used to accelerate growth across India, the US, and UAE, strengthen its technology and explore inorganic growth opportunities in new geographies and adjacent categories. Flipspaces provides a fully integrated, tech-first design and building solution focused on SMB (Small and Medium Business) spaces, which accounts for approximately 60 per cent of the total interior design and build market for commercial spaces. "We are building a technology-led brand aimed at transforming the customer experience in commercial design and build, globally. Our ...
The Karnataka government on Tuesday signed a Letter of Intent (LoI) with the New Jersey Department of State, US, marking a significant step towards enhancing global cooperation in technology, innovation, and economic development, officials said. The agreement signed by Department of Electronics, IT, Bt, Government of Karnataka establishes a framework for collaboration between Bengaluru and New Brunswick, New Jersey, they said. In a statement, the Department said that the agreement will focus on Twin City Collaboration for promoting exchanges between Bengaluru and New Brunswick in identified focus areas. In Startup Ecosystem Engagement, it will focus on developing programs to foster synergies between the startup ecosystems of both regions. "As part of technological collaboration, it will focus on advancing cooperation in sectors such as life sciences, deep technologies (cybersecurity, AI), and electronics," it said. Key areas of collaboration will include life sciences, deep ...
The Indian startup ecosystem is mature, with multiple tailwinds that are poised to escalate India to become the third largest economy in the world, said AWS' Kumara Raghavan. In a conversation with PTI, Raghavan, Head, Startups, Amazon Web Services (AWS) India, and South Asia, discussed the vibrant Indian startup scene, noting its strength and innovation potential. "We are the 5th largest economy, we are trending towards becoming the 3rd largest... factors that will contribute to it are labor addition, infrastructure growth, and efficiency improvements, where technologies like GenAI will play their part, a large developer ecosystem, the ability to build products in the country and serviced all over the world, then there are regulatory tailwinds like Make in India and Production Linked Incentive (PLI) scheme as well," he said. Raghavan lauded the maturity of the Indian startup ecosystem, noting the significant contributions of experienced founders who have embarked on multiple ...