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Indian Startups
Karnataka IT Minister Priyank Kharge on Tuesday said the state government is investing Rs 600 crore in Deep Tech and AI and along with leading venture capital firms, it aims to create a joint fund of over Rs 1,000 crore to support start-ups in these sectors in the state. According to him, Karnataka is set to make a major push in emerging technologies during the first Future Makers Conclave on November 20 at the 28th edition of the Bengaluru Tech Summit here. "We are concentrating heavily on DeepTech and AI. For the first time, we are having the Future Makers Conclave where we have tied up with private venture capitalists, and together we are disbursing close to around Rs 1,100 crore on a single platform on November 20 to DeepTech startups," he told reporters here. According to officials, the Future Makers Conclave will be the flagship event of the summit and the launchpad where Karnataka shifts from "leapfrogging" to "pole-vaulting" into its DeepTech Decade. The conclave will have .
Deep-tech climate startup Neiox Eco Cycle has won a prototyping grant of Rs 75 lakh from Cochin Shipyard Ltd (CSL) under the USHUS Maritime Innovation Scheme, company officials said on Friday. The cheque for the amount was handed over at a function at IIM-Kozhikode, where the official agreement was signed with the startup founded by CEO Akhil Raj Pottekkat, a statement by the firm said. According to Nieox Eco Cycle, the grant will support the development of the world's first sustainable, non-toxic, carbon-negative marine hull coating a breakthrough material with anti-corrosive and anti-biofouling properties The coating is derived from captured air pollutants, which would otherwise contribute to lung damage and cardiovascular diseases. Neiox's innovation converts climate and health liabilities into economic assets, while enhancing ship's fuel efficiency, reducing CO2 emissions and protecting marine ecosystems representing a Kerala model on the global canvas, the statement ...
HouseEazy, a marketplace for resale homes, has raised Rs 150 crore from investors, including Accel, to grow its business. In a statement on Tuesday, the company said it has raised this amount in a Series B funding round led by Accel, with participation from existing investors Chiratae Ventures and Antler. "The capital infusion will fuel technology advancements, geographic expansion, and brand growth, while strengthening HouseEazy's basket of services," the statement said. HouseEazy was founded by Tarun Sainani and Deepak Bhatia. "Indian consumers have long awaited a safe, one-stop solution for buying and selling homes. HouseEazy was founded with the vision of transforming the entire home ownership journey, built on the pillars of trust, speed, and convenience," said Bhatia. In just three years, Sainani said the company has helped over 2,500 homeowners transact properties worth more than Rs 2,000 crore. "With this new funding, we're ready to expand HouseEazy into new cities and un