Page 8 - Indian Startups

India home to 8,000 women-led tech startups, Delhi-NCR tops list: Tracxn

Of the over 8,000 women-led startups, 2,316 have received funding while about 6,000 are unfunded. Women tech entrepreneurs have cornered 14.8% share of the overall tech funding pie at $23 billion

India startup boom: Goyal exhorts entrepreneurs not to 'miss the bus'

Terming startups as the backbone of new India, Union minister Piyush Goyal on Tuesday exhorted entrepreneurs not to "miss the bus" and make most of the opportunities as India transitions to become a 35 trillion dollar economy by 2047. India, he said, has emerged as a global leader, and its story is one of confidence, good governance and continued innovation. "I believe startups will be backbone of new India. This is our time under the sun, and the sun is rising," the minister for commerce and industry said at a curtain raiser event for upcoming 'Startup Mahakumbh'. "I hope we don't miss the bus. I hope the message goes loud and clear to all startups not to lose this opportunity," he said, adding that the upcoming mega event will showcase the startup revolution sweeping the country. Goyal exuded confidence that young Indians will shape the country's destiny in 'Amrit kaal'. "...It is this young India that is going to shape our destiny...as we transition from 3.5 trillion dollar eco

Fundraise through venture debt up 50% in 2023; equity funding down 70%

Indian startups cumulatively raised $1.2 billion in venture debt investments across around 175-190 deals last year, a 50 per cent rise from $800 million raised across 170-180 deals in 2022

Spyre PropTech Venture rolls out the first phase of Rs 400 crore fund

The maiden fund is set to invest in early and growth stage companies with ticket sizes ranging from Rs 2-8 crore in early stages and Rs 15-40 crore in growth stage series A and B rounds

Committed to restructuring board: Raveendran tells Byju's shareholders

To increase shareholder representation, the CEO of the embattled edtech firm committed to restructuring the Board and appointing two non-executive directors

TMS Ep633: Electoral bonds, startup rebound, IT stocks, Sora AI

What's next after the electoral bonds ban? Are India's listed startups turning the corner? Will IT sector be the dark horse of 2024? What is Sora AI? All answers here

72% fewer Indian fintech startups incorporated in 2023 than in 2021: Report

There have been around 30 acquisition deals in the Indian fintech space in 2023 and 20 out of these were done by large companies with over 1,000 employees or funding of over $50 million

upGrad commits Rs 100 crore for 100 'connect and counselling' hubs

Initial reactions have been strong, with over 500 career counselling sessions in the first 30 days. The goal is for the 100 centres to counsel over half a million individuals on their career moves

Swiggy planning fresh layoffs; may cut 7% from 6,000-strong workforce

Swiggy plans to reduce its employment by 7 per cent, affecting 400 employees across teams like technology, call centers, and corporate roles

Startup AiDash raises $50 mn in funding for tech that uses AI, satellites

Company spots climate risks to power lines, plans hiring 150 people in India

Madras HC dismisses appeals by tech firms against Google billing policy

Tech companies raised concerns over Google's new service fee, which ranged between 11-26% for using third-party billing systems

Will have 1 mn startups in the next 10 years: MoS IT Rajeev Chandrasekhar

Chandrasekhar along with other senior ministers from the government were marking and celebrating National Startup Day

SoftBank to resume investing in Indian startups after 18-month hiatus

SoftBank is now actively pursuing investments in new-age enterprises and expanding its portfolio in India

Venture debt gains ground in Indian startups amid equity fund raising dip

Though demand for venture debt is rising, players are becoming more cautious. Many hope that 2024 will offer good opportunities

Angel investments in Indian startups maintain pace amid funding winter

Overall deal volumes among startups have hit the skids, investment activity among the country's most active angel investment networks has held relatively steady

How Varun and Ghazal Alagh's Mamaearth became profitable D2C empire

Celebrating seven years of success, the company eyes future growth with a diversified portfolio and strong offline presence

TMS Ep570: Indian startup funding, Oberoi Group, Gold financiers, Governors

Who are the new saviours of Indian startups? What comes next for the Oberoi Group? Has the rally in shares of gold financiers run its course? What powers do state governors hold in India?

Pandemic a blessing in disguise for astrotech companies, shows data

Only five astrotech companies were founded in 2013. In 2018, 23 more online astrology startups were founded

Expect to see 10,000 deep tech Indian startups by 2030: Nasscom's Narayanan

Deep tech requires a lot of patient capital, as the payoff is not the same as consumer internet or software-as-a-service (SaaS) sectors, says Narayanan

Indian startup funding winter shows signs of thaw as large deals resurface

October saw a resurgence in significant funding rounds, setting the stage for a thaw in investment climate