Page 12 - Indian Startups

MPL bans over a million accounts in 2022 to promote fair gameplay

According to the company, these are not temporary suspensions but permanent bans of these users from the system

Digital economy to create 10 million in 2 years: Ashwini Vaishnaw

Start-ups leading technology development, can emerge from small villages even: Minister

Start-ups to take up nearly 30% of gross office leasing in 2022: Study

Bengaluru leads in terms of space leased by such companies, says JLL report

OTT discussions on draft telecom bill to hamper Indian startups: IAMAI

The IAMAI, in its letter to the Department of Communication (DoT), has expressed grave concern about the impact of these changes on India's startup ecosystem and the digital economy

upGrad to hire over 1,400 people between Nov 2022 and March 2023

According to an official report, the company has made offers to hire people across India and global offices between November 2022 and March 2023

Ronnie Screwvala-led upGrad to hire 1,400 amid edtech sector turbulence

Signs up new leases for 335K sq ft space in Mumbai, Bengaluru, Pune and Noida

PhysicsWallah's revenue rises to Rs 232.48 cr, net profit surges 14 times

The company has reported a profit at a time when top tech unicorns, especially edtech firms are incurring steep losses and are laying-off employees

Hiring of top-level professionals slowing down in Indian startups: Report

In most startups, the CEOs are now participating in the hiring process for senior-level professionals

Investcorp plans major ramp up of India assets to $5 billion: Alardhi

The Middle East firm expects to reach $5 billion of assets in India in the next five years, up from just over $600 million currently, or 1.5% of the $42.7 billion in assets managed by Investcorp

Explained: Why Indian Startups are establishing a base in Singapore

Singapore is number one in the world on the Heritage Foundation's index of economic freedom, number one in the World Economic Forum global competitiveness report last published in 2019

Valuation of startup ecosystem nearly Rs 3 trillion, says Piyush Goyal

The valuation of the startup ecosystem in the country is nearly Rs three lakh crore, Union Commerce and Industry Minister Piyush Goyal said on Saturday. "...the fact that we are probably 110-plus unicorns, about 75 or so soonicorns which are on their way to become unicorns, is truly a remarkable achievement. The last time we did a valuation of our startup ecosystem, it came to about USD 368 billion, that's nearly three lakh crore rupees," he said. Goyal said there are over 80,000 startups in the country registered with the Industry Ministry. "We have about over a million people directly engaged by them. Must be many million more who are indirectly involved in the entire startup ecosystem. Over a 110 unicorns," he said. He spoke about the various initiatives taken by the government to promote the startups. The government is also strengthening the patent offices and everything is going to be online, he said. He was replying to a query on what is being done to boost the startup ...

Largest ever contingent of India Inc participates in GITEX Global 2022

India had the highest number of participating companies after the host, UAE, at the four-day event

Indian start-up funding hits 2-year low in Q3CY22 at $2.7 bn: PwC report

However, investors have already raised a lot of capital which needs to be deployed and this will ultimately find its way to the Indian start-up ecosystem

Why are Indian start-ups facing such a severe funding winter?

Venture funding data indicates that Indian start-ups are in the middle of a harsh funding winter. While the global situation is not good, the slowdown is more pronounced in India. Let us find out why

Fireside Ventures announces $225-mn fund for investment in Indian startups

Venture capital firm Fireside Ventures on Wednesday announced closing of its third fund at USD 225 million or Rs 1,830 crore, which it plans to invest in Indian startups over a period of the next 10 years. The new fund is double the size of its previous fund. "We have closed out Fund III at USD 225 million which is about Rs 1,830 crore. We plan to invest Fund III in 25-30 startups in keeping with the Fireside thesis of digital-first consumer brands, across the spectrum of health and wellness, edutainment, lifestyle and FMCG," Fireside Ventures Partner Kannan Sitaram said here. According to Fireside Ventures, the market for D2C brands in India is set to touch USD 100 billion by 2025. Fireside Ventures has invested in 31 brands that include The Baker's Dozen, boAt, Mamaearth, Bombay Shaving Company etc. Launched in 2017, Fireside Ventures with the close of its Fund III has Rs 3,000 crore (USD 395 million) of assets under management. "The first fund had a corpus of Rs 340 crore and

Piyush Goyal urges BSE to set up interface with startup ecosystem

Commerce Minister Piyush Goyal on Monday urged the Bombay Stock Exchange (BSE) to create an interface with the startup ecosystem

Govt to provide collateral-free loans to start-ups under CGSS framework

The credit guarantee cover under the scheme would be both transaction-based (for single eligible borrowers) and umbrella-based (for a group of eligible borrowers)

CRED, upGrad, Groww claim top spots in LinkedIn's Indian startups ranking

Online professional network LinkedIn on Wednesday released a list of the top 25 start-ups in India that have shown resilience in an uncertain market environment, and are continuing to innovate in 2022. Topping this year's list is unified payments interface CRED. Valued at USD 6.4 billion, this young start-up maintained its podium position on the LinkedIn Top Startups list, moving from the third spot in 2021 to number one in 2022. "Besides gaining popularity for its quirky ads in the past two years, CRED is also setting new benchmarks for employee well-being by offering benefits such as ElderCare, egg freezing, and one-on-one support for mental wellness to its employees," a LinkedIn statement noted. The second spot on the list is taken by upGrad, one of India's largest online higher education companies that curates vast upskilling opportunities for professionals and college students, followed by Groww in third position. Groww is an online investment platform that provides an objecti

Future of learning: Edtech start-ups' hybrid tilt to lure students

With the offline lure of greater teacher-student connect many such start-ups have forayed into brick-and-mortar centres to compete with existing offline institutions

Deep tech start-up Awiros raises $7 mn in series A from Inflexor, Exfinity

Funds will be used by the start-up for product enhancement, building its own developer community and to accelerate growth and global expansion