Page 26 - Start- Ups

The sun to moon: India's space sector is gearing up for an eventful 2023

This year will see missions to study the sun and the moon, and a raft of startups are gearing up to take India's space initiatives forward

DPIIT to undertake third party assessment of Startup India Seed Fund Scheme

The Department for Promotion of Industry and Internal Trade (DPIIT) is in the process of undertaking a third party assessment of Startup India Seed Fund Scheme to see its impact on the ground, a senior government official said on Friday. The Rs 945-crore scheme was launched in 2021. It aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialization. The fund was divided into four years for providing seed funding to eligible startups through eligible incubators across India. Joint Secretary in DPIIT Shruti Singh said though the department has received "good" feedback from incubators and startups on the scheme, "we are still doing a third party assessment so that somebody on ground can go and see". Over 85,000 startups have been registered with DPIIT, she told reporters here. Startup India was launched by the government on January 16, 2016. Under Startup India, to provide capital at various stages of t

Never let the fear of failure stymie you

The cost of failure was the wages lost for the period the start-up was running, stacked on the other side were the benefits success would bring

Bleeding shares of start-ups call for review of ESOP taxation policy

Companies generally deduct the tax payable at the time of allotment of shares by adding the income from ESOPs to employees' income as personal income tax

Technopark sees boost in IT export revenue; Kerala CM praises performance

Kerala's information technology hub Technopark has achieved a growth of Rs 1,274 crore in its IT export revenue compared to the last financial year, Chief Minister Pinarayi Vijayan has said. Technopark achieved an export revenue of Rs 9,775 crore in FY 2021-22, which is 15 per cent higher than the previous year. Last financial year (FY 20-21), Technopark's export revenue was Rs 8,501 crore, he said. In addition, the recognition by the Government of India for filing GST accurately and CRISIL (Credit Rating Information Service of India) rated A+/Stable till June 2023 were also remarkable achievements, the Chief Minister said. Vijayan, in a Facebook post on Thursday, said the IT hub is soaring to new heights and its achievements were the result of various schemes implemented by the LDF government to ensure the growth of IT parks in the southern state. "During the last one and half years, Technopark allotted office spaces to 78 companies covering an IT built up area of 2,68,301 sq. ft

Legal tech start-ups have raised $57 mn in funding since 2013: Report

Indian sector has more than 650 firms and is valued at $1.3 bn to be second biggest in the world

Quick commerce finds it footing amid funding winter, now needs to scale

The sector has fared well both on the fund raising front and on operational performance

With over 100 profitable startups India poised to see IPOs in next 5 yrs

While the stock performances of tech IPOs, compared to other consumer companies, witness a steeper crash, India is poised to see more than 100 large-scale profitable/path-to-profitability startups

We Founder Circle announces 2 angel funds for early-stage start-ups

Mumbai-based We Founder Circle has in 23 months invested in more than 70 start-ups

Blume Ventures announces closing its fund for start-ups at $250 mn

VC firm's Fund IV will invest in some 35 companies in edtech, fintech, health and other sectors

PhysicsWallah, the unassuming underdog among edtech firms in India

While its rivals battled to stay afloat, PhysicsWallah has recorded consistent growth since the pandemic

HealthKart raises $135 million in funding from Temasek, A91 Partners

Company will use money to promote brands, increase offline distribution, and expand internationally

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

EV company Motovolt Mobility raises Rs 16 cr in per-series A funding

The funds raised will primarily be used for new product introduction, marketing initiatives, and growing Motovolt's presence through more retail points pan India

Modified data protection bill to bring ease for startup ecosystem: Experts

MeitY on Friday released a draft version of the much-awaited data protection law, in the fourth such effort since it was first proposed in July 2018

Number of deals down 42% in October but matches pre-pandemic level: Report

According to GT Bharat's monthly Dealtracker, the biggest deal in October was Torrent Pharma's $250 million acquisition of Curatio Healthcare

Skyroot's Vikram-S rocket launch creating space for private sector

The launch of a sounding rocket by Skyroot marks the start of a surge in start-ups entering a sector that was opened up only in June 2020

Start-up Odisha growth fund gets Rs 1,000 cr commitment, disbursal in 5 yrs

Flags off Hall of Fame 2.0 with TiE Bhubaneswar

Google Cloud joins hands with DSCI for boosting cloud adoption

"Secure with cloud" initiative will also provide industry best practices and frameworks with Start-up and mobile app ecosystems on privacy and security

Start-up meltdown continues as pre-IPO investors look to sell stake

Paytm shares go down 10 per cent after SoftBank pares holding; Delhivery, PolicyBazaar under pressure