Page 5 - Indian Startups

Zomato surpasses HUL, Nestle in Sensex with a weightage of 2.77%

Zomato's Sensex weightage stands at 2.77 per cent, ranking 12th among the 30 components, surpassing consumer giants like Hindustan Unilever, Maruti Suzuki, Asian Paints, and Nestle

Tamil Nadu achieves milestone with over 10,000 DPIIT-registered startups

Tamil Nadu has achieved a milestone by registering over 10,000 startups with the Department for Promotion of Industry and Internal Trade (DPIIT), under the Union Ministry of Commerce and Industry, the state government said on Sunday StartupTN has played a crucial role in nurturing the ecosystem by implementing various schemes and initiatives like funding programmes, mentorship opportunities and incubation support, StartupTN Mission Director and CEO Shivaraja Ramanathan said. The state's startup ecosystem has been 'thriving' with 9 regional hubs and a metro hub in Chennai, providing a robust infrastructure for budding entrepreneurs to grow, he said. "Tamil Nadu has achieved a remarkable milestone of 10,000 DPIIT registered startups, a significant jump from 2,300 in March 2021. This exponential growth can be attributed to the revival of StartupTN under the leadership of Chief Minister M K Stalin focusing on supporting startups and fostering innovation," Ramanathan said in a social med

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

Yotta Data seeks $500 mn private credit to invest in data centres

The company will likely go for a bilateral deal to be finalized in early 2025, they said, adding the terms are not finalized yet and bank credit is also an option

As startups expand spacetech innovations for data, funds remain a concern

Spacetech startups are leveraging small satellites, cost-effective launch solutions, and the use of AI to introduce affordable technology that has a wide range of applications

Startup reimagines bank lockers with high-tech vaults in gated communities

Aurm, a Bengaluru-based firm brings technology equipped lockers to gated societies, offering 24/7 access, military-grade security, and even insurance coverage

Karnataka inks agreement with New Jersey to boost tech, innovation ties

The Karnataka government on Tuesday signed a Letter of Intent (LoI) with the New Jersey Department of State, US, marking a significant step towards enhancing global cooperation in technology, innovation, and economic development, officials said. The agreement signed by Department of Electronics, IT, Bt, Government of Karnataka establishes a framework for collaboration between Bengaluru and New Brunswick, New Jersey, they said. In a statement, the Department said that the agreement will focus on Twin City Collaboration for promoting exchanges between Bengaluru and New Brunswick in identified focus areas. In Startup Ecosystem Engagement, it will focus on developing programs to foster synergies between the startup ecosystems of both regions. "As part of technological collaboration, it will focus on advancing cooperation in sectors such as life sciences, deep technologies (cybersecurity, AI), and electronics," it said. Key areas of collaboration will include life sciences, deep ...

MoS Jitendra Singh meets with institutional leaders on sidelines of IISF

Union Minister of State (Independent Charge) Jitendra Singh on Sunday called for strong StartUp-Industry linkage as the key to India's sustainable economic growth.He said this while addressing the Round Table of Institutional leaders from across the country on the sidelines of the India International Science Festival (IISF) 2024 here.The Round Table was attended by heads of all the important R & D institutes, Vice Chancellors of Universities and later joined by Industry leaders as well.In an address at the Round Table, the Minister emphasized the complete synergy of Research, Academia, StartUps and Industry to achieve the optimum goals. He underlined the pivotal role of science and innovation in driving India's journey towards becoming a developed nation, according to the Ministry of Science & Technology.Dr Jitendra Singh called for a strategic, collaborative approach involving academia, research institutions, and industry to tap into India's potential and push forward with

VC funding rises 44% to $9.2 billion in the first 10 months of 2024

Country continues to rank among top five markets globally for VC funding activity: Report

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

Indian-born founders lead the charge in US unicorns, reveals study

India heads the list of non-US-born unicorn founders, with 90 from the country, followed by Israel with 52, Canada with 42, the UK with 31, and China with 27 founders

BS BFSI Summit: 'Higher PE/VC funding boosts governance excellence'

Bain Capital's Kotecha highlighted that the strongest indicator of PE's value is the long-term track record and measurable impact on portfolio companies

VC funding for Indian startups up 42% to $6.3 bn in Jan-July: GlobalData

Investment growth despite a cautious global investment climate, says analytics company

AGNIT Semiconductors raises $3.5mn in seed round marking first investment

The five-year-old Bengaluru-based startup has raised $4.87 million in total so far and plans to use the fresh funds to scale its production and commercial operations

60% of unicorn founders in India are first time founders, says study

29% founder took two attempts to build their first Unicorn

Magicpin largest food delivery app on ONDC, logs 150,000 orders daily

Hyperlocal delivery startup says performance in September proves growing market share in major cities

LinkedIn's top Indian startups 2024: Zepto leads as India's newest unicorn

According to a report by Global Data, Indian startups raised around $7.5 billion in venture capital funding from January to August 2024 alone

DST NIDHI scheme led to over 1,200 tech-based products, 233 patents

A government initiative to promote knowledge-based and technology-driven innovation has led to the development of over 1,200 products and prototypes and generated 233 patents. The National Initiative for Developing and Harnessing Innovations (NIDHI) of the Department of Science and Technology, supported 1,074 Entrepreneurs in Residence (EIR) who set up 571 companies which created 3,693 jobs, a report released by S&T Secretary Abhay Karandikar said. Since its inception in 2016, NIDHI has contributed to India's S&T entrepreneurial landscape and played a crucial role in nurturing technology startups, including a substantial proportion led by women entrepreneurs. Entrepreneurs-in-Residence (EIR) Programme is one of the programs introduced under NIDHI to inspire the best talents to be entrepreneurs, to minimise the risk involved in pursuing start-ups, and to partially set off their opportunity costs of high paying jobs. The NIDHI-EIR programme provides opportunities for innovative .

StartupTN got funding of Rs 80 cr, formed partnerships with 200 VCs: CEO

The Tamil Nadu government-backed StartupTN has secured funding of Rs 80 crore and has formed partnerships with over 200 venture capital firms, a top official said on Friday. The agency was actively working to bring in more venture capitalists to invest in the state through the fund aggregator platform TANFUND (The Startup Funding Platform), StartupTN Managing Director and CEO Sivarajah Ramanathan said here. StartupTN aims to nurture a vibrant startup ecosystem in the state to encourage innovation and entrepreneurship-driven employment and economic growth. "Our goal is to create a vibrant startup ecosystem that drives innovation and growth. Today, we are taking this mission further by launching a credit course for engineering students under the 'Naan Mudhalvan' initiative and introducing the Campus Startup Circle model in collaboration with EDII (Entrepreneurship Development and Innovation Institute)," Ramanathan said at the Confederation of Indian Industry, Tamil Nadu Startup Summit

EyeROV raises Rs 10 cr in pre-Series A round led by Unicorn India Ventures

In the financial year 2024, EyeROV secured multiple contracts domestically and internationally, expanding its reach through partnerships in India and the GCC region