Page 20 - Start Ups

Electric ride-hailing startup BluSmart may opt for hybrid model of ops

Services likely to be offered on Uber as well

Datanomics: R&D spends by India Inc lag global peers despite improvement

India has improved its ranking in the frontier technologies readiness index from 48th in 2022 to 36th in 2024 out of a total of 170 economies

EaseMyTrip CEO, Italy's Deputy PM discuss strengthening tourism corridors

He further stated that they also discussed the growing interest of Indian students in studying abroad and the potential for investments in Italy's hospitality sector

IIMA Ventures to back 30 deep-tech startups with Rs 40 crore fund

In August 2023, both institutions signed a memorandum of understanding (MoU) to establish a jointly funded initiative with equal contributions from each side

Logistics startup Xindus raises $10 mn for expansion in India-US corridor

The Gurugram-based company plans to utilise the capital to scale its operations in the India-US corridor while expanding across the United Kingdom, Canada, Australia, Europe, and the Middle East

Xindus raises $10 mn in Series A funding round to scale up operations

The latest round was led by 3one4 Capital, co-led by Orios Venture Partners, with participation from Shastra VC and Caret Capital, Xindus said

US lender trustee Glas Trust denies allegations by Byju Raveendran

Glas would take all necessary actions to hold Byju Raveendran and his associates accountable for the harm caused to lenders and thousands of T&L customers, says spokesperson

Byju Raveendran files FIR against former Byju's RPs, EY, and Glas Trust

Valued at $22 billion in 2022, Byju's has seen its fortunes almost wiped out due to a massive cash crunch, regulatory issues and disputes with investors

Drone-based package delivery set to take off across Delhi-NCR soon

Skye Air has set a target to deliver 5 million packages via drones this CY. The company said it delivered 1.2 million packages in CY24

Amid financial crisis, BluSmart reaches 25 million trips milestone

Despite the company's challenges, BluSmart has assured that its ride-hailing operations will remain unaffected and also denied its sale to any competitor business

Next wave of innovation in India needs to be deep tech led: Chandrasekhar

Chandrasekhar said that the new tech startups will need a different talent set from what the country generated earlier. Science and research are going to be "bedrock" of the innovation wave, he said

Decentro partners Singapore firm DigiAlly for South Asia expansion

The partnership will enable the Bengaluru-based company to enter global markets such as Singapore, Vietnam, South Korea, Australia, Philippine, Indonesia, and deepen presence in India

WazirX secures majority creditor nod for proposed scheme of arrangement

WazirX's parent firm Zettai said 93.1 per cent of eligible voting creditors, representing 94.6 per cent in value of claims, voted in favour of the scheme

Nanotech startup Vimano raises Rs 25 cr in seed round led by Ankur Capital

Vimano's membranes can reshape how energy is stored across multiple formats, with green hydrogen alone projected to grow nearly 10-times to over $60 bn by 2030, according to the investor Ankur Capital

AI startup landscape in India faces tech depth woes, talent drain

India trails global peers in core AI innovation despite rising investor interest

Nykaa expects strong growth in Q4 FY25, beauty vertical leads charge

The company's revenue growth for FY25 is also expected to be in the mid-20 per cent range

EaseMyTrip's Rikant Pittie enters startup debate, pens Linkedin post

Pittie took to his LinkedIn timeline to share insights into the company's evolution from a bootstrapped startup to a global travel tech leader

Focus should be on product-led innovation models: Meity Startup Hub CEO

During the Startup Mahakumbh, Panneerselvam Madanagopal, chief executive officer (CEO) of Meity Startup Hub, urged young founders and entrepreneurs to move beyond service-driven models

Indian startups respond to Piyush Goyal's ecosystem comment

Goyal on Thursday had questioned if startups were content with low-paying gigs

India must innovate, not become tech colony of others: Amitabh Kant

It must build AI systems built on domestic datasets that don't have biases of the West, he says