Page 52 - Start Ups

India will have an upper hand in AI: PM Modi at Startup Mahakumbh

The prime minister Modi said that he is making use of AI technology for his election campaign

Uber boosts eco-mobility, backs Indian startups with sustainovate challenge

Uber is committed to achieving net-zero emissions by 2040 and has been continuously working with governments, partners, think tanks, and others to address global sustainability challenges, the company

Startup Mahakumbh: Fintechs must abide by regulations, say investors

The advice comes at a time when the Reserve Bank of India has cracked its whip to get erring fintech's to comply to the existing rules

Facebook co-founder's B Capital closes $750 mn fund for late-stage startups

It will make investments in companies specialising in technology, healthcare, climate technology

End of funding winter? Indian startups set to raise $8-10 billion this year

In 2022, Indian startups raised a total investment of $25 billion. In 2021 the fund raised a new high of $41.4 billion, according to Tracxn

Binny Bansal's Three State Ventures invests Rs 207 crore in Curefoods

The funding would help the startup to compete with firms like Rebel Foods, Biryani by Kilo and EatClub

India bright on global players's radar, optimistic on future: Falguni Nayar

Any compromise on governance just because a company is growing or chasing size and scale cannot be justified, she emphasised

Startups must adhere to self-regulating ecosystem, says Amitabh Kant

He also said that there should not be any regulatory intervention if India wants to create a vibrant startup movement as government regulation stifles innovation

Innovating constantly driving next versions of our biz: Zomato CEO Goyal

Goyal - who is counted among India's growing tribe of celebrity founders - said the mantra for Zomato is "how do we disrupt our own businesses" and not become complacent

Jumbotail raises Rs 151 crore in series C3 equity round led by Artal Asia

Jumbotail is building AI-driven technologies to drive higher customer wallet share. The firm is leveraging its deep sourcing capabilities across FMCGs and staples and its kirana supply chain

Startup Mahakumbh 2024: A rite of passage for India's innovators

Startup Mahakumbh is expected to host more than 1,000 startups, as many investors, 50 unicorns, 500 incubators and accelerators, 5,000 delegates from 23 countries, and 50,000 business visitors

Financial services firm WeRize becomes the victim of a data breach

No impact on business operations

Staqu unveils AI tool in collaboration with UP police to nab criminals

Rai explained that this is an extension of their work on the Trinetra, which has been adopted by the UP Police Department and deployed through integration with security cameras

Indian startups may add $1 trillion to Indian economy by FY30: CII report

Between 2024 and 2035, the country may see 300 new unicorns, the report said

A M Naik family office invests in medtech firm S3V Vascular Technologies

The Series B funds raised from Naik and other investors would be used to set up a state-of-the-art integrated manufacturing facility for neurovascular devices in Karnataka

Startup movement must be driven by domestic financing, says Amitabh Kant

While speaking at the CII Unicorn Summit, Kant said the nation needs to create a fund of funds to support young deep tech startups

KITES Senior Care raises Rs 45 crore from Ranjan Pai's family office fund

Pai recently invested $168 million (Rs 1,400 crore) in edtech firm Byju's test-prep subsidiary AESL and was in discussion to invest about $350 million in Byju's in both equity and debt

Indian beer startups growing, launching new products after surge in funding

Proost attributes the growth in the beer market due to rising per capita beer consumption, increased disposable income, and reduced societal stigma around alcohol

Karnataka HC extends interim protection to Byju Raveendran till March 28

At the February 23 EGM, Byju's investors including Prosus, General Atlantic, and Peak XV voted to remove Byju Raveendran as CEO. However, a Karnataka HC order prevented its implementation

Quick commerce major Zepto introduces Rs 2 platform fee for select users

Swiggy Instamart and Zomato-owned Blinkit currently do not charge a platform fee for their grocery orders