Page 2 - India Startup

PM Narendra Modi lauds ONDC for revolutionising digital commerce in India

ONDC has contributed to empowering small businesses and revolutionising e-commerce, thus playing a vital role in furthering growth and prosperity

After rough ride this year, Indian startups look for a promising 2025

The Indian startup ecosystem experienced a rollercoaster ride in 2024, characterised by a slight-yet-concerning decline in funding activity and a shift in investor sentiment, alongside a silver lining with several startups achieving unicorn status. Despite facing global economic challenges, India's startups showcased remarkable resilience, adeptly navigating changing market conditions, while continuing to attract investments. According to data from Tracxn, Indian startups raised a total of USD 30.4 billion in funding throughout 2024, a 6.5 per cent decline from the USD 32.5 billion secured in 2023. Despite this dip, the Indian startup ecosystem demonstrated resilience, with several companies achieving unicorn status this year. Noteworthy entrants to the unicorn club include Rapido, Ather, Perfios, Porter, and Money View, highlighting ongoing innovation and investment interest in the sector. The overall funding trend reflects a cautious-yet-optimistic approach from investors, as the

Unicorn boom or bust: India's best and worst performing startups in 2024

In 2024, India's startup scene showcases a mix of triumphs and struggles, with innovative leaders like Zepto rising while giants like Byju's face significant challenges

Indian startups to boost hiring by 20-30% in 2025 as funding improves

Indian startups are set to ramp up hiring by 20-30 per cent in 2025 as funding improves, reversing a prolonged slowdown. Layoffs dropped 46 per cent YoY in 2024, signalling sector recovery

Startups positioning India for exponential economic growth: Zupee CEO Malhi

Startups in India are revolutionising experiences, and positioning the nation for exponential economic growth, Dilsher Malhi, founder and CEO of online gaming platform Zupee, said on Monday. Speaking at the India Internet Governance Forum (IIGF) 2024, Malhi said startups are adding value to society's experiences and redefining how people experience education, healthcare, travel, and entertainment. "India has become the world's third-largest startup ecosystem and we believe this has happened mainly because of the endless possibilities that arise from a credible digital public infrastructure consisting of UPI and Aadhaar, and the penetration of mobile phones across the country. Now with the Bharat 6G vision, the semiconductor mission and the AI mission, startups are positioning India for an exponential economic growth," he said. Speaking on the concept of "gamification" in addressing real-world challenges, Malhi described how startups are evolving from merely providing solutions for .

India strengthens GenAI startup market, funding up over threefold: Nasscom

Indian GenAI startups raised $51 million in Q2 FY25, up from $8 million in Q1 FY25, stated a report by Nasscom

India offers things that other markets don't: Israeli envoy on AI start-ups

Azar said that Israeli companies have concentrated on introducing AI tools in different fields like health, education and environment to local start-ups

'My Tirth India' spiritual startup temporarily shuts down: What went wrong?

The decision comes months after the demise of Sahara India's Subrata Roy, who was the principal shareholder and investor in the firm

Rural fintech startup Jai Kisan gets RBI approval for NBFC acquisition

Rural fintech startup Jai Kisan on Tuesday said it has received regulatory approval from the Reserve Bank of India for the acquisition of a majority stake in NBFC Kushal Finnovation Capital. Details of the stake acquired were not disclosed. "With the NBFC subsidiary, Jai Kisan will be able create and deliver customized, innovative, and relevant products directly to its farmer and rural business customers in a more accessible and seamless manner making its products cheaper, faster, and more impactful," Jai Kisan said in a statement. The acquisition will also enable Jai Kisan to strengthen its partnerships and integrate systems more deeply with its financial institution partners to provide co-lending and further financial inclusion, it added. "The NBFC subsidiary allows us to cater to our farmer and rural business customers with credit products they want, how they want them, when they want them and where they want them--which is what they deserve," Jai Kisan co-founder and CEO Arjun

Karnataka to triple its BioEconomy to $100 billion by 2030: Govt report

The report reveals that the number of startups in the state has surpassed 1,000, with a notable increase in biotech ventures

iVP Semiconductor aims for revenue of $70-100 million in next 3-4 years

Fabless semiconductor startup iVP Semiconductor Pvt Ltd has plans to set up a production test facility as part of its drive to produce semiconductor chips in the domestic market, a top official said. The company has also secured USD 5 million in a pre-series A Funding for its expansion plans, Co-founder and CEO Raja Manickam said. An industry veteran, Manickam said his aspiration was to first serve the clients in the domestic market and later expand the company to become a 'global brand.' "Today domestic semiconductor industry is being served by several global companies. I want to serve the industry as an Indian company. iVP Semiconductor is an Indian company and it would become a global brand." he said. The company would focus on power sector including renewable energy, solar industry, wind energy. "We are going to be competitors to existing players with most of them being global companies," he said. To a query, he said the company would set up a production test facility in Chen

Olympian PV Sindhu joins wellness brand Hoop as investor, brand ambassador

Founded in 2022, Hoop brands itself as India's first wellness brand for an active lifestyle, which focuses on a range of wellness products to deal with effective pain, sleep, stress, and workout

SWCNTs producer NoPo Nanotechnologies raises $3 mn in pre-series A funding

NoPo specializes in the production of single-walled carbon nanotubes (SWCNTs), a material that holds promise across various applications, ranging from usage by EV battery manufacturers

Reloy's revenue up 65% to Rs 21 cr in FY24, referral sales hit Rs 1,450 cr

HDFC Capital-backed proptech startup Reloy, which helps builders in generating referral sales, has posted a 65 per cent growth in its revenue last fiscal to Rs 21 crore on strong housing demand. The company's revenue stood at Rs 12.7 crore in the 2022-23 fiscal. "Our growth is on account of higher referral sales and client acquisitions," Reloy founder and CEO Akhil Saraf told PTI. "We helped builders in generating Rs 1,450 crore worth of referral sales in the last fiscal," Saraf said. The company has set a target to generate Rs 3,500 crore worth of referral sales in the current fiscal. Founded in 2015, Reloy has been specialising in real estate loyalty and referrals. It is a B2B2C homeowner and broker management platform that helps builders manage their builders and brokers more efficiently. Reloy has so far raised Rs 13 crore from various investors, including HDFC Capital, which owns around 10 per cent stake in the startup. Last year, it raised Rs 7.2 crore from investors to ex

Stockify: The Bootstrap Success Story of a Fintech Startup

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Investors, once eager to pump in billions in Indian startups, losing steam

In January and February, India's startups raised about $900 million - a pace that signals another slow year after a six-year low of just $8 billion in 2023, Venture Intelligence data shows

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

Routematic bets on artificial intelligence to tap corporate commuters

Benguluru-based corporate commute start-up Routemataic is set to transform corporate transport by focussing on individual commuter needs

Google-backed space startup Pixxel set to launch 6 satellites from June

This comes almost a year after the Alphabet-owned company became part of a $36-million funding round for the Indian satellite-image startup

Byju's fights back: Investors have no voting rights on CEO change

The edtech company responded to statements from select investors calling for an extraordinary general meeting (EGM) to replace founder and group CEO Byju Raveendran