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More than half of the capital raised by India's leading under-30 entrepreneurs is being deployed towards product development and market expansion, reflecting a growing focus on building sustainable businesses, according to a report released on Wednesday. "But what truly sets this generation apart is not the scale of capital they have raised, it is the discipline with which they are deploying it. Over 50 per cent of all funds raised are going directly into product development and market expansion," said Anas Rahman Junaid, founder and chief researcher at Hurun India. "These are founders who are not building for the next funding round; they are building for the next decade. In a world that often celebrates the raise, this cohort is quietly focused on the result," Junaid added. According to the report, funding deployed by companies on the Avendus Wealth-Hurun India U30 List 2026 is primarily directed towards growth and expansion, with product development accounting for 27 per cent of .
Several Estonian tech startups from diverse sectors such as AI, cybersecurity, defence and medicine have evinced interest in collaborating with India and tapping its huge market as the two countries seek to step up their economic partnership. Latitude59, an influential startup and technology conference that takes place here annually, is also keen on hosting a networking event in India next year under its aegis. Speaking with PTI, Latitude59 CEO Liisi Org said, "I love India, I have been there many times and I would love to host Latitude59 there. I don't know yet, where. There are conversations going on at various tech centres but of course if we don't do it, we are late to the party. India is one of the biggest countries in the world, if we don't collaborate with India, it is not smart." The interest is there in India because of the size of the market and the Indian delegation has been at Latitude59 five years in a row, she said. "The relationship is there and we should do somethin
The Cabinet has approved the second tranche of the Startup India Fund of Funds Scheme with a corpus of Rs 10,000 crore, Union Minister Ashwini Vaishnaw said on Saturday. The key focus would be on deep tech startups, early growth stage startups through smaller funds, tech-driven innovative manufacturing startups, and sector/stage agnostic startups, he added. There will be operational flexibilities, including higher government contribution in AlFs (alternative investment funds) funding deep tech and high-tech manufacturing, the minister said. The Union Cabinet approved the scheme in a meeting on Friday. The fund will encourage the long-term investing culture and patient capital. The government in 2016 had constituted a Fund of Funds worth Rs 10,000 crore to provide seed capital and enable startups take calculated risks. Following the successful utilisation of the first tranche, a second phase of Rs 10,000 crore was sanctioned in the Union Budget for 2025-26. So far, over 2 lakh en