Page 11 - Indian Startups

MeitY Startup Hub, Google to support 100 Indian early to mid-stage startups

About 50 per cent of the cohort comes from Tier 2 and Tier 3 cities, including Varanasi, Ernakulam, Surat, Dehradun, Allahabad, and many others

Govt's steps ensured Indian startups were not impacted by SVB: Vaishnaw

Immediate action by the government to help Indian startups in the aftermath of Silicon Valley Bank (SVB) collapse ensured they were not adversely impacted by the "minor crisis", Union Minister Ashwini Vaishnaw said on Monday. He also exhorted the entire startup community to think of the Indian banking sector as their trusted partner. Vaishnaw, Minister for IT and Communications, also noted the rapid strides taken by India in areas of Artificial Intelligence (AI) and quantum computing. Speaking at India Global Forum event, the Minister said while there was a time when India was only seen as a consumer of technology, today "many global developers like to have Indian start ups, entrepreneurs and academicians as their partners, as technology gets developed". "... In these two technologies, we would like use of Indian talent for developing solutions for India and for the world," he said. To a question on whether India can produce something equivant to ChatGPT, the Minister said "wait f

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. The study conducted by TiE Delhi NCR, research firm Zinnov, Google, NetApp and venture capital firm Indian Angel Network found that despite comparable metrics, success, and high entrepreneurial intent, socio-cultural barriers hinder women founders' growth. "Approximately 18 per cent of India's total unicorns are founded by women, with 20 Potential Unicorns in the pipeline," the study said. The startups that are in the pipeline to become unicorns include WinZO, Doubtnut, Infinity Learn, Locus, Pratilipi, Portea, SirionLabs, etc. Women founded or co-founded start-ups that have already become unicorns include acko, BYJU's Pristyn Care, MyGlamm, MobiKwik, Open etc. The total valuation of unicorn built by women founders stands at over USD 30 billion and total equity investments raised by them is over USD 12 billion. The

As cost of capital rises, VC funding for new-age firms drops to $26 bn

The global economic downturn has made investors reconsider their commitments towards the deployment of capital into new-age firms

Top headlines: Russia still India's main arms supplier, SVB fallout

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Latest LIVE: K. Kavitha joins ED probe in Delhi Excise Policy scam case

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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. Women entrepreneurs continue to face challenges with Indian start-ups witnessing dynamic growth, it said. Launched ahead of the International Women's Day 2023, the study was conducted across women representing over 200 companies. The study has stated that women in an entrepreneurial role struggle to raise capital, face lack of professional networks and mentorship. CIEL HR Services managing director Aditya Narayan Mishra in a statement said, "the start-up and entrepreneurship ecosystem in India is witnessing robust growth. When we at CIEL took a closer look at the system with a gender lens, we discovered that with the progress the challenges have also scaled." "What the ecosystem needs immediately is a shift in mindset and that is evident in CIEL's study report. One of the recommendations is to promote entrepreneurship among student

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

Soon, book a drone powered by PPP; pilot project set for take-off

States may provide a subsidy on the price that consumers have to pay for the service to make it more affordable

Google disobeying CCI orders blatantly: Digital start-up thinktank

The CCI in October 2022 directed Google to make significant changes to its Play Store policies after it found several anti-competitive practices on the platform

Unicorn club: From 1mg to InMobi, here're 100-plus start-ups in India

Bengaluru-based neo-bank platform 'Open' became India's 100th unicorn in May 2022

Through startups, Indian youth wants to become job creators: G Kishan Reddy

G Kishan Reddy also spoke about the various initiatives taken by the Government in fostering a vibrant innovation and start-up ecosystem

Google employing 'delaying tactics' and exploiting loopholes, say startups

Indian startups said that the company is using the same "playbook" it employed in Europe and South Korea

Climate tech start-up Ecozen raises $25 mn to expand beyond agriculture

The debt portion was provided by Maanaveeya Development and Finance, Oxyzo, Northern Arc group, HDFC Bank and Axis Bank

Venture capital investments in Indian start-ups plunge 38% in 2022: Report

Venture capital (VC) investments in Indian startups plunged over 38 per cent in 2022 as economic uncertainty and market volatility affected fundraising and investment activities, GlobalData said on Tuesday. In a statement, GlobalData said an analysis of its financial deals database reveals that "a total of 1,726 VC funding deals worth USD 20.9 billion were announced in India in 2022 compared to 1,715 deals worth USD 33.8 billion in 2021." "The ongoing economic uncertainty and market volatility continue to affect the fundraising and investment activities in India and subsequently VC investment in the country startups suffered a massive year-on-year 38.2 per cent decline in value terms during 2022," the data and analytics company said. Aurojyoti Bose, lead analyst at GlobalData, said India is a key Asia-Pacific market and stands just next to China in terms of VC funding deals by volume and value. It is also among the top four markets (the US, the UK, China and India) globally. India

Indian start-ups rejoice as SC upholds Android ruling against Google

The CCI order states Google can't impose such requirements now

Indian start-ups witness decline in hiring; struggle with attrition: Study

According to the study, over 64 per cent of the respondents wanted to shift jobs for a 'stable job'

ShareChat, Dunzo to join list of startups planning mass layoffs in India

Rebel Foods, which has brands like Behrouz Biryani and Oven Story, has also reportedly cut its headcount

Indian startups need to reserve cash, listen to customers to stay afloat

Indian startups fired more than 18,000 employees in 2022 amid a funding winter and macroeconomic uncertainty

Start-up funding dips 33% YoY in CY22, early-stage funding grows: PwC India

The SaaS segment witnessed a 20 per cent increase in funding during CY22 compared to CY21 and accounted for nearly 25 per cent of all funding activity this year