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Homegrown AMPIN Energy Transition (AMPIN) on Wednesday said it has secured USD 50 million (over Rs 428 crore) funding from Siemens AG's financing arm Siemens Financial Services. The funds will fuel the company's growth in both Commercial & Industrial (C&I), utility-scale renewable energy projects as well as its energy transition value chain business, AMPIN said in a statement. This marks AMPIN's third major investment transaction this financial year, bringing the total equity capital raised to USD 270 million this year. "This equity investment from Siemens reaffirms AMPIN's unique business model powering energy transition. It is now the only energy transition company in India to attract leading investors from Europe, North America and Asia," Pinaki Bhattacharyya, Founder, MD, and CEO of AMPIN Energy Transition, said. Headquartered in New Delhi, AMPIN Energy Transition is India's leading renewable energy transition company with a total portfolio of 5 GW spread across 22 states .
State-run STPI-supported 134 startups have raised Rs 286 crore in funding from investors, a top official of the organisation said. While speaking at an event, Software Technology Parks of India (STPI) Director General Arvind Kumar said the organisation, formed under the Next Generation Incubation Scheme (NGIS) of the Ministry of Electronics and IT, has given early-stage seed capital of Rs 30.87 crore to 136 startups and financially incentivised 359 others through a stipend amount of Rs 3.57 crore. "Amongst these supported startups, 134 have also been able to raise external funding from an investor community comprising angels and venture capitalists of about Rs 286 crore, which is not only a validation of their business but also the testament of the progress made by these startups," Kumar said during the STPI Sangam event on Friday. "I am proud to share that 44 per cent of STPI's startup portfolio consists of women entrepreneurs, many of whom come from Tier-2 and Tier-3 cities. We ar
Indian startups raised a total of USD 1.65 billion (about Rs 14,418 crore) in funding at a median valuation of USD 83.2 million in February 2025, according to data from Traxcn. This brings the total funding in FY25 (April-February) to USD 25.4 billion, spread across 2,200 rounds, the data showed. The February figure marks a 19.5 per cent uptick from USD 1.38 billion in total funding in January 2025. On a year-on-year basis, the total amount of fundraise was down from USD 2.06 billion secured in February 2024. Entrepreneurs in the country's startup capital, Bengaluru, secured funding worth USD 353 million, with a median round size of USD 2 million. Those in Mumbai grabbed total funding of USD 102 million but with a higher median round size of USD 5 million. Fintech firm Oxyzo led the February funding pack, having raised USD 1 billion in conventional debt. It was followed by online B2B platform udaan, which closed a Series G equity funding round of USD 75 million, led by M&G ...
Start-up NOTO Ice Cream on Thursday said it has raised Rs 15 crore in its latest funding round, led by Inflection Point Ventures (IPV), with participation from JITO and Lets Venture. The funds will be utilised for expanding into Tier-I and Tier-II cities, launching innovative flavours and formats for the summer, supporting marketing on food-tech aggregators and quick-commerce platforms, upgrading infrastructure, and boosting brand awareness through experiences, the company said in a statement. The brand, also backed by renowned personalities such as John Abraham, Rannvijay Singha, and Kunal Bahl, is currently operational in cities, including Mumbai, Delhi, Bangalore, Hyderabad, Chennai, and Pune. It is expanding into new markets such as Ahmedabad, Kolkata, and Lucknow. NOTO Ice Cream Co-Founder & CEO, Varun Sheth said," This funding fuels our expansion into Tier I and Tier II cities..." Inflection Point Ventures Co-Founder, Vinay Bansal said health-conscious consumers often ...
Several high-quality startup firms are likely to go public in 2025 despite global challenges, and the funding environment is also likely to improve this year, according to a report by venture debt firm InnoVen Capital. It also said that 47 per cent of startup founders out of 100 who participated in the survey expect the pace of hiring to increase this year. "Of those who attempted to raise in 2024, 63 per cent had a favourable experience. 79 per cent of founders are optimistic that the funding environment will improve in 2025," the India Startup Outlook Report said. Ashish Sharma, Managing Partner at InnoVen Capital India, said the report will provide useful insights to all stakeholders that have a keen interest in the venture ecosystem. "While the macro is challenging, we expect several high-quality companies to go public in 2025," he added. Further, the report said startup founders continue to look at domestic IPO as the likely mode of exit, with 73 per cent of founders choosing
Commerce and Industry Minister Piyush Goyal on Tuesday expressed hope that the number of government-registered startups would increase to 10 lakh in the next ten years due to the steps taken to promote growth of these budding entrepreneurs in the country. At present, there are 1.57 lakh registered startups as compared to 450 in 2016. With an intent to build a strong ecosystem of the country for nurturing innovation and promoting startups, the government launched the Startup India initiative on January 16, 2016. As per the government's eligibility conditions, entities are recognised as 'startups' under the Startup India initiative. These units are eligible to avail tax and non-tax incentives under the Startup India action plan. Under the initiative, the government through its flagship schemes Fund of Funds for Startups (FFS), Startup India Seed Fund Scheme and Credit Guarantee Scheme for Startups, has provided financial assistance to eligible recognised startups across sectors and .