Page 15 - Start- Ups

SalarySe secures $5.25 million in seed funding from Peak XV Surge, Pravega

The company has plans to develop a tech stack for the credit-on-UPI (Unified Payments Interface) product and drive its adoption in the country with the latest round of funding

Vibrant Gujarat summit: Seminars planned in Gandhinagar from Jan 10-12

Managing Director of Gujarat Mineral Development Corporation, Roopwant Singh, on Friday announced that the state is all set to host the Vibrant Gujarat Global Summit (VGGS) 2024

60% startup founders report increased revenue, profitability in 2023

Navigating 2024, tech startup founders expect to continue the revenue growth path with measured steps, focusing on optimizing expenditure and maximizing profitability for B2B tech startups

Space startups report success of in-orbit experiments onboard Isro's POEM

Indian space startups Dhurva Space and Bellatrix Aerospace have successfully tested their P30 Satellite Platform and high performance green propulsion systems respectively onboard ISRO's POEM initiative. Hyderabad-based Dhruva Space, in a statement, said the successful testing of 'Launching Expeditions for Aspiring Payloads - Technology Demonstrator' (LEAP-TD) will help embark on its satellite mission. The statement said Dhruva Space has validated the P-30 platform and its various subsystems in-orbit and the results were confirmed by reception of telemetry and beacon data at the ground station of the Thiruvananthapuram-based Indian Institute of Space Science and Technology (IIST). "These subsystems include On-Board Computer, Ultra High Frequency (UHF) TT&C Module, Beacon in UHF, Attitude Control System with a Reaction Wheel from Comat, and Power Distribution Board," the Dhruva Space statement read. ISRO's PSLV Orbital Experimental Module (POEM) enables in-orbit scientific ...

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

Tech entrepreneur's tips on how to start up

Stay within means and shun VCs as long as you can!

Great time to be deploying capital, will be busy in 2024: Fundamentum GM

Focus on technological edge and prudent deployment

BharatPe earns Rs 904 cr against a loss before tax of Rs 886 cr in FY23

BharatPe's EBITDA loss declined by about Rs 158 crore in FY23, it said in a statement

100 startups led by Delhi students presented biz ideas to investors in 2023

Schools in Delhi went past several milestones in 2023, with 32 students bagging seats at the prestigious National Defence Academy (NDA) and the "Business Blasters Investment Expo", where more than 100 startups led by students presented business ideas to investors. However, the deteriorating air quality of the national capital after the Diwali festivities also posed challenges to the students when an impromptu vacation was called and educational institutes were shut for 10 days. The schools run by the Delhi government also played a crucial role in 2023, as more than 150 students from violence-hit Manipur enrolled in these institutes and efforts were made to help them lead a normal life. On September 27, the Delhi government's Shaheed Bhagat Singh Armed Forces Preparatory School (AFPS) achieved a feat as 32 students, including nine girls, cleared the NDA exam -- among the highest in the country so far. A total of 237 students are enrolled in the school and 76 students of Class 12 ...

India-focused VC funds continue to raise capital despite funding winter

As of December 2023, 185 India-focused VC funds are in the market, aiming to raise a combined capital target of $10.73 billion, according to Preqin

AI makes mark in drug discovery in India; start-up Peptris raises $1 mn

Peptris is revolutionizing drug discovery through the implementation of its state-of-the-art AI platform. It is transforming the traditionally lengthy and costly drug discovery process

Physics Wallah to expand to 100 offline centres in 2024, says co-founder

In May, Physics Wallah opened 50 offline centres, which it branded as 'Vidyapeeth Centers', with an investment of around Rs 82 crore in technologies

China's LandSpace Technology pulls off 2nd methane-fueled rocket launch

The rocket, ZQ-2, took off at 7:39 a.m. Saturday Beijing time from the Jiuquan Satellite Launch Center in the northwestern Gobi Desert, the company said in a statement

OpenAI CEO Sam Altman's ouster was a result of drawn-out tensions

The statement, devoid of any details, was the opening volley in a power struggle that played out almost entirely behind closed doors

Startup funding in 2023 lowest in 5 yrs as big-ticket deals dip: Report

Funding rounds of $100 million+ fall 69% compared to 2022; only two unicorns created after 23 last year

Startup funding in 2023 lowest in 5 yrs as big-ticket deals dip: Report

Funding rounds of $100 million+ fall 69% compared to 2022; only two unicorns created after 23 last year

Airblack raises Rs 33 crore led by Micheal & Susan Dell Foundation

Since starting three years back, over 35,000 students in 300 cities have enrolled in Airblack courses

SenseAI Ventures rolls out Rs 200 crore fund to back AI startups

SenseAI Fund I is poised to invest in 18-20 AI-first startups, focusing on seed and Pre-A stage companies

Bengaluru tops as hub for valued firms by self-made entrepreneurs: Report

Long touted as India's Silicon Valley, Bengaluru has emerged as the biggest hub for most valued companies started by self-made entrepreneurs in this millennium, a report said on Thursday. A majority 129 such industry leaders are from the Karnataka capital, which is ahead of Mumbai (78), and Gurugram and New Delhi (49), as per a report by Hurun India. Radhakishan Damani of Avenue Supermarkets, which runs the D-Mart retail chain, leads the list of top 200 self-made entrepreneurs of the millennium as the 2000-founded company has a market capitalisation of Rs 2.38 lakh crore as of September. Binny Bansal and Sachin Bansal-founded Flipkart from Bengaluru comes second with an equity value of Rs 1.19 lakh crore, while Gurugram-headquartered Zomato founded by Deepinder Goyal comes third with a market capitalisation of Rs 86,835 crore. The list includes both listed and unlisted entities, and Hurun India's founder and managing director Anas Rahman Junaid said they have taken into account the

Our 'Beyond Bengaluru' initiative aims to foster innovation: Priyank Kharge

The government is also focusing on building innovation ecosystems through centres of excellence in various fields