Page 59 - Start Ups

Commerce and industry ministry requests unicorns to mentor startups

The MAARG (Mentorship, Advisory, Assistance, Resilience, and Growth) platform was launched in January last year to facilitate mentorship for startups across diverse sectors, and geographies

Insurtech startup Bharatsure raises $1 million led by VC fund Capital-A

The company had previously raised $1.2 million in February 2022 which saw the participation of its existing investors

PhonePe sells over 9 million insurance policies since September 2021

The Walmart-owned fintech firm said it has contributed to over 65% growth for two-wheeler digital Insurance in India

DBS Bank collaborates with StartupTN to support 1,000 early-stage firms

As per the collaboration between the two entities, the partnership would focus on early-stage startups in Tier II and III towns

Private funding key to capture 20% of $1 trn space economy: Ex-Isro chief

He was addressing entrepreneurs at the launch of LIBF EXPO 2024' organised by Lohana International Business Forum at the Helipad Exhibition Centre in Gandhinagar

Unicorns meet Piyush Goyal, plan to set up 'Startups Club of India'

These startups are not only developing innovative solutions and technologies but are also generating large-scale employment and contributing to the growth of the nation

Andamans recognised as 'aspiring leader' in states' startup ranking: DPIIT

There are 53 recognised startups, including 22 ventures led by women, in the entire archipelago, they said. The key sectors include construction and engineering, travel and tourism and IT

Over 50% DPIIT-recognised startups from tier-II and tier-III cities

The states of Gujarat, Karnataka, Kerala, and Tamil Nadu emerged as the "best performers" in developing a startup ecosystem for Indian entrepreneurs

Will have 1 mn startups in the next 10 years: MoS IT Rajeev Chandrasekhar

Chandrasekhar along with other senior ministers from the government were marking and celebrating National Startup Day

Matter of joy and pride, says Gujarat CM as state tops Startup Ranking 2022

The Department for Promotion of Industry and Internal Trade (DPIIT) launched a startup ranking framework for the states in 2018 to motivate innovation and entrepreneurship

Atsuya Technologies wins Genesis Innovator at National Startup Awards 2023

Chennai-based deep tech startup has been recognised for pioneering solutions in IoT and AI

Gujarat, Kerala, K'taka best states in nurturing startup ecosystem: DPIIT

The ranking is a yearly exercise under DPIIT that evaluates all states and Union Territories on their efforts to build an ecosystem conducive to startup growth

Sebi mulls liquidation flexibility for AIF, VCFs to deal with beyond tenure

The regulator proposed extending flexibility of the dissolution process to venture capital funds through migration to the AIF regime

Byju's-owned Aakash Educational's FY22 net up 82% at Rs 79.5 crore

The company's net profit increased 82.2 per cent year-on-year (Y-oY) to Rs 79.5 crore in FY22

Staqu Tech to provide AI-led surveillance for Ram temple inauguration

The Ram Temple inauguration ceremony, which is scheduled to take place on 22 January, is expected to host VIP attendees from across the world

CredAble records a two-fold increase in loan disbursements in 2023

The company plans to raise $50-75 million by June this year in its series C round

Gaming unicorn Dream11 onboarded 55 million users in 2023 amid tax battle

The company now boasts a total user base of 21 crore gamers, after breaching the 20 crore threshold in October last year

Indo Petroleum Marketing to set up 100 fuel outlets; to start from Assam

The Delhi-based company has already generated a net worth of Rs 250 crore to roll out its network to sell different types of fuel in the country

SoftBank to resume investing in Indian startups after 18-month hiatus

SoftBank is now actively pursuing investments in new-age enterprises and expanding its portfolio in India

Automation, edge computing to bolster Zepto's tech stack: Kaivalya Vohra

In August this year, Zepto raised $200 million in a series E funding round at a $1.4 billion valuation to become a unicorn, ending an extended dry spell