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Telangana Chief Minister A Revanth Reddy on Wednesday said his government is establishing a Rs 1,000 crore fund of funds to support startups. Speaking at the launch of Google for Startups Hub in partnership with the Telangana government here, he said the vision is for Hyderabad to become a hub not just for startups, but for unicorns. He set a target of at least 100 startups from Hyderabad to achieve unicorn status (means companies worth at least USD one billion). "Today, the Government of Telangana and Google are coming together to create a support system for you. My government is creating Rs 1,000 crore startup fund of funds. Use these funds and become the next Google," he said. "Only one suggestion is that you have to become one more Google from Hyderabad, Telangana or at least a USD billion company," Reddy said. The state government organised Telangana Rising 2047 Global Summit during the last two days where it shared its vision to become a USD one trillion economy by 2034 and
Initial public offerings worth USD 20 billion per annum are the "new normal" for India and will become an annualised run rate over the next few years, one of the biggest investment bankers said on Tuesday. The market, which has seen a slew of initial share sales this fiscal, has already witnessed USD 21 billion of issuances in 2025, the same as last year, and we should close the year with over USD 23 billion, given the fact that some large issues like the Rs 10,000 offering from ICICI Prudential AMC are in process, said JP Morgan. "Yearly issuance of USD 20 billion is the new normal for India. It is the new watermark and will become an annualized run rate from here on," its head of equity capital markets, Abhinav Bharti, told reporters here. Bharti said nearly a fifth of the demand is getting driven by consumer technology and new age businesses, and the same will go above 30 per cent as well over the next five years. He said at least 20 startups, which command valuations in hundred
Aspiring entrepreneurs should embark on their startup journey with clarity of purpose, a clear understanding of why they are building the venture, and a well-calibrated approach, not haste, advises Shiprocket co-founder and CEO Saahil Goel. India's market dynamics, amplified by the potential of technologies such as AI, create a wealth of opportunities for aspiring entrepreneurs. "You could pick anything, from engineering tech to health tech or fintech to stocks...You think about it, and there's a new way to leverage an AI tool or an AI app...to be able to cater to that demand. So any industry with the new AI toolkit available is a great opportunity now for people to build in India," Goel told PTI. His advice for aspiring entrepreneurs: "always ask yourself why you want to do it." Goel says he often meets people who lack clarity on that basic question. The early days of an entrepreneurial journey are as much about a clarity of purpose as pitting one idea against the next. "All ...