Page 2 - Indian Start-ups

Startup firm The Sleep Company achieves Rs 500 cr annual recurring revenue

The Sleep Company achieves Rs 500 crore annual recurring revenue; aims to become profitable by FY25

Pixxel hopes to deliver satellites for Indian Air Force by mid-2025

The Indian Air Force (IAF) may launch satellites procured from space start-up Pixxel by mid-2025, giving a boost to its capabilities to keep vigil on the country's borders and beyond. The IAF has signed a contract with the Bengaluru-headquartered Pixxel Space founded by young entrepreneurs Awais Ahmed and Kshitij Khandelwal of BITS Pilani, while they were pursuing higher studies. "We should have that satellite up in space before the end of 2025, but likely we are aiming at mid-2025," Ahmed said in an interaction with PTI editors here. He said the task of Pixxel was to manufacture the satellite and hand it over to the IAF, which will operate the spacecraft. "In the case of the Indian Air Force for iDEX, we are not concerned with what the operations are. The operations will be mainly for looking at borders, looking at illegal testing, illegal growth and things like that. But we are not going to be operating the satellite," he said. Innovations for Defence Excellence, an initiative o

Bucking the trend: Indian startups regain lost funding ground, says report

After four consecutive half-year periods of decline in funding, H1CY24 has seen an upswing

40 start-ups extend support to Digital Competition Bill in a letter to MCA

In the letter, the start-ups have also requested an upward revision of the thresholds for designating Systematically Significant Digital Enterprises (SSDEs)

Former BharatPe COO Bahl-led Eternal Capital launches Rs 120 crore VC fund

The fund has been uniquely structured to democratise and simplify access to early-stage institutional deals in start-ups

Chennai-based The ePlane to develop electric air taxi prototype by Mar 2025

Chennai-based startup The ePlane Company expects to develop a certifiable prototype of a flying electric taxi by March next year as it works on ways to alleviate urban congestion. Incubated out of the Indian Institute of Technology (IIT), Madras, the company also aims to initially commercialise its drones that can carry a payload of 2-6 kilograms in the coming months, according to a senior executive. The ePlane Company's Founder and CEO Satya Chakravarthy said it is developing an eVTOL (electric Vertical Takeoff and Landing) aircraft and to begin with, it will be a three or four-seater plane which can be converted into an air ambulance. "By March next year is when we expect to develop the first certifiable prototype. It will take another couple of years to get the certification from the Directorate General of Civil Aviation (DGCA)," Chakravarthy told PTI. As per the startup's website, an ePlane will take only 14 minutes to reach a place that will take 60 minutes by a personal vehic

Bengaluru's water crisis is a call for urgent action amidst urban chaos

Tech firms embrace innovative water conservation measures, residents make do with less

The Ayurveda Experience secures $27 mn in funding led by Jungle Ventures

The funds would help firm ramp up customer engagement on its platform, invest in product R&D

Bite-sized ventures: Street food startups spice up India's culinary scene

Meet the entrepreneurs turning India's streets into gastronomic hotspots

Startup founders write to PM, FM & RBI to review regulatory action on PPBL

Founders have called on the regulator to re-evaluate its directive and engage in dialogue with the fintech industry

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

Dec 2023 becomes highest funded month as startup investments cross $1.6 bn

Budding companies had raised $1.4 million in January this year. Regardless, startup funding hit a seven year low in 2023

Another top-level exit added to Dunzo cart in times of term sheets

Dunzo is looking to raise $35 million in fresh funding

Top headlines: MoS IT meets laptop makers, delays likely in IDBI stake sale

Business Standard brings you the top headlines at this hour

Digital consulting firm KaarTech raises $30 mn in funding from A91 Partners

Chennai-based B2B company says it will use money to expand business in international markets

Meta launches $250K mixed reality fund for 5 Indian startups, details here

As a part of the programme, a group of up to five Indian engineers and new companies will get a monetary grant, alongside exclusive mentoring and direction from the Meta Reality Labs specialists

Don't depend on govt procurement, explore domestic, export markets: Kant

India's G-20 sherpa Amitabh Kant on Wednesday asked startups not to get "dependent" on government procurements but instead focus on the opportunities presented by the domestic and export markets. Speaking at a youth conference organised by IMC Chamber of Commerce, Kant also asked men to change their attitudes towards women and transfer wealth in the name of women to address the issue of gender disparity. Both the Union and many state governments have a positive outlook on helping startups on procurements from startups. The government e-marketplace (GEM) has a dedicated 'startup runway' showcasing startups' offerings, while there in many cases, there are relaxations in rules to accommodate buying from startups. "I am personally against governments getting into too much of startups...the dynamism of startups should be in the marketplace. the startups should not get themselves too dependent on govt procurement," Kant said. He said the startups should focus on the large domestic market

Turmoil at Byju's highlights hurdles for India's startup ecosystem

Already stuck in a 15-month funding slump, India's young companies are in danger of becoming collateral damage to the country's highest-profile startup crisis in years

Financial irregularities, tough market: What went wrong at Mojocare?

In a joint statement, Mojocare's major investors alleged that they have 'uncovered financial irregularities" in the health and wellness start-up

Climate tech push: EV start-ups set to power India's next unicorn club

Corner a hefty chunk of investments despite ongoing funding winter; at present, Ola is the only unicorn among 970 homegrown enterprises in the EV space