Page 82 - Start Ups
20 women-led startups in pipeline to become unicorn, finds a study
Around 18 per cent of India's unicorn startups are founded or co-founded by women and 20 other firms are in pipeline to become unicorn, a joint study said on Tuesday.
 "20 women-led startups in pipeline to become unicorn, finds a study")
IFSCA committee to explore ways to bring home Indian start-ups
The terms of reference for the committee include measures required to encourage the Indian fintech and startups domiciled abroad to relocate to GIFT IFSC
 "IFSCA committee to explore ways to bring home Indian start-ups")
Fundraising woes remain for fintechs in the face of a revival of big bets
Experts say that investors are now cautiously optimistic, albeit more selective with their bets
 "Fundraising woes remain for fintechs in the face of a revival of big bets")
ESOPs: Market regulator Sebi could tweak regulations for start-ups
Sebi does not want founders to own stock options if they have rights akin to those enjoyed by promoters, the sources with direct knowledge of the matter said
 "ESOPs: Market regulator Sebi could tweak regulations for start-ups")
Indian startups have deposits of about $1 bn in SVB: Deputy IT minister
Indian startups had deposits worth about $1 billion with embattled Silicon Valley Bank and the country's deputy IT minister said he had suggested that local banks lend more to them going ahead
 "Indian startups have deposits of about $1 bn in SVB: Deputy IT minister")
ADIA to invest $500 mn in Lenskart, hold 10% stake in eyewear retailer
The fundraise was done at a $4.2 billion valuation, according to the sources. It will result in ADIA becoming one of the largest shareholders in Lenskart with a 10 per cent stake, say sources
 "ADIA to invest $500 mn in Lenskart, hold 10% stake in eyewear retailer")
Defence start-up Hyper Stealth Technologies bags first order under iDEX
Hyderabad-based HSTPL has got an order from Indian Army for Integrated Mobile Camouflage System
 "Defence start-up Hyper Stealth Technologies bags first order under iDEX")
India adds 23 unicorns in 2022, overtakes China for 2nd consecutive year
Despite the overall softening, a few areas continued to offer hope -- SaaS funding remained in line with 2021 highs and early-stage deal making saw sustained momentum
 "India adds 23 unicorns in 2022, overtakes China for 2nd consecutive year")
Funding woes remain for Indian fintechs despite revival of big bets
Investments among fintech start-ups in India saw a decline of 47% YoY in 2022 at $5.65 billion, compared to $10.7 billion the previous year
 "Funding woes remain for Indian fintechs despite revival of big bets")
Cloud-interviewing firm Karat sees Indian candidates setting the bar
Karat offers a data-enabled technology platform and combines it with human interviewers
 "Cloud-interviewing firm Karat sees Indian candidates setting the bar")
SVB resolution reassuring, will bring relief to startups: Ashwini Vaishnaw
SVB was deeply entrenched in the tech startup ecosystem and the default bank for many high-flying startups
 "SVB resolution reassuring, will bring relief to startups: Ashwini Vaishnaw")
With US govt action, looming risks to Indian startups have passed: MoS IT
Rajeev Chandrasekhar said that with US government's latest action on Silicon Valley Bank, the looming risks to Indian startups have passed
 "With US govt action, looming risks to Indian startups have passed: MoS IT")
SaaS firm Freshworks says exposure to Silicon Valley Bank minimal
Chennai-based company says 'vast majority' of its finances not held at failed US lender
 "SaaS firm Freshworks says exposure to Silicon Valley Bank minimal")
SVB fallout: Fintech, venture capital companies come to the rescue
Razorpay is offering domestic start-up clients to move their money into their Indian current accounts as FDI through the firm's partner banks
 "SVB fallout: Fintech, venture capital companies come to the rescue")
Silicon Valley Bank jitters likely to be felt among Indian start-ups
The company has investments in close to 21 start-ups in India
 "Silicon Valley Bank jitters likely to be felt among Indian start-ups")
Sebi revokes securities market ban on 8 former promoter entities of DHFL
The order had been passed after a transaction auditor raised serious concerns over authenticity and reliability of DHFL's financial statements for the period of financial years 2007-2019
 "Sebi revokes securities market ban on 8 former promoter entities of DHFL")
Startup ecosystem witnessing robust growth, needs shift in mindset: CIEL HR
The start-up ecosystem is witnessing robust growth and needs a shift in the mindset, a study undertaken by city-based CIEL HR Services said on Tuesday
 "Startup ecosystem witnessing robust growth, needs shift in mindset: CIEL HR")
Google-backed startup unveils multilingual voice search technology
Slang Labs was co-founded in 2017 by founders who had earlier co-founded Little Eye Labs, the first and only Indian company to be acquired by Meta (Facebook)
 "Google-backed startup unveils multilingual voice search technology")
Indian startups must tap $430 bn digital market in Southeast Asia: Report
The population of over 650 million and 70 million SMEs in Southeast Asia are rapidly becoming more affluent and digitally savvy, creating a high demand for innovative products and services
Arvind Mafatlal Group plans to scale up its edtech venture GetSetLearn
The Group is looking to build the world's largest hybrid curated marketplace for learning services, says Priyavrata Mafatlal, Vice Chairman, Arvind Mafatlal Group
 "Arvind Mafatlal Group plans to scale up its edtech venture GetSetLearn")