Startup

Flipkart VP Ashish Vijayvergiya to launch new startup within company fold

Flipkart's Ashish Vijayvergiya to lead a new internal venture, following the model of earlier in-house startups like PhonePe and super.money

Startups, MSMEs filed 310% more patents in past 5 years: Official

Patent filings by startups and MSMEs have increased by 310 per cent in the last 5 years from 1,492 in 2018-19 to 6,120 in 2023-24, an official said on Thursday. N Ramchander, Joint Controller, Controller General of Patents, Designs and Trademarks, further shared that in about three years over 2.4 million students and faculty across India have been educated about IP rights through the National Intellectual Property Awareness Mission launched in 2021. Addressing an event organised by ASSOCHAM, he informed that the filing of patent applications in India has surged by 116 per cent rising from 42,763 in 2014-15 to 92,172 in 2023-24. "Patent grants have been an even more remarkable increase of 1,624 per cent, jumping from 5,978 in 2014-15 to 103,057 in 2023-24. India has seen biggest change in resident and non-resident distribution over past 10 years with the share of resident filling increasing from 24.8 per cent in 2013 to 60 per cent in 2024," said N Ramchander. India's IPR policy has

Recognised startups spared Section 68 scrutiny, others under watch: CBDT

The clarification comes amid income-tax notices issued to startups for foreign funding routed via Singapore

Zeta bets on modern code to rewrite $300 bn banking software market

The aim is to tackle a long-standing issue: core banking systems remain outdated, built on decades-old mainframes and COBOL code

Byju Raveendran files FIR against former Byju's RPs, EY, and Glas Trust

Valued at $22 billion in 2022, Byju's has seen its fortunes almost wiped out due to a massive cash crunch, regulatory issues and disputes with investors

Focus should be on product-led innovation models: Meity Startup Hub CEO

During the Startup Mahakumbh, Panneerselvam Madanagopal, chief executive officer (CEO) of Meity Startup Hub, urged young founders and entrepreneurs to move beyond service-driven models

Work-life balance is not the startup game: LinkedIn Founder restarts debate

LinkedIn founder Reid Hoffman argued that startups are inherently demanding and require full commitment, giving examples from his own experience with building the employment-focused online platform

Shark Tank Dreams? Here’s How to Fulfil them!

Isar Aerospace completes first test flight of orbital launch vehicle

A rocket by a private European aerospace company launched from Norway on Sunday and crashed into the sea 30 seconds later. Despite the short test flight, Isar Aerospace said that it successfully completed the first test flight of its orbital launch vehicle by launching its Spectrum rocket from the island of Andya in northern Norway. The 28-metre-long Spectrum is a two-stage launch vehicle specifically designed to put small and medium satellites into orbit. The rocket lifted off from the pad at 12:30 pm (1030 GMT) Sunday and flew for about a half-minute before the flight was terminated, Isar said. This allowed the company to gather a substantial amount of flight data and experience to apply on future missions, Isar said in a statement. After the flight was terminated at T+30 seconds, the launch vehicle fell into the sea in a controlled manner. Video from the launch shows the rocket taking off from the pad, flying into the air and then coming back down to crash into the sea in a fier

Inflection Point Ventures marks 14 exits in 2024, aims for 20 exits in 2025

IPV portfolio companies include sports startup Fitso, electric ride-hailing platform BluSmart, and grocery delivery platforms Otipy and Milkbasket, among others

AI-powered startup Irame.ai raises $1 million from SenseAI Ventures

Irame.ai, an AI-powered enterprise productivity and audit intelligence platform, has raised USD 1 million (about Rs 8.4 crore) in funding from SenseAI Ventures. The funds will help the Gurugram-headquartered firm in enhancing operations in audit automation, anomaly detection, and enterprise compliance, a company statement said. "With this funding, Irame.ai will scale its AI-driven audit intelligence across enterprises, expand its capabilities, and set new benchmarks for governance and compliance automation in a rapidly evolving regulatory landscape," it said. The investment will aid the company to scale impact and make AI-driven audit intelligence the new standard for governance and risk management, Irame.ai Co-founder & CEO Kapil Arora said.

ISID backs MSMEs, startups to drive manufacturing-led Viksit Bharat

While big industry is crucial, ISID's industrial development report advocates strengthening medium and small enterprises and startups to achieve India's 2047 goal

India's tech startups raise $2.5 billion in Q1 2025, up 8.7% from 2024

Across different stages of investment, late-stage startups attracted the highest total funding of $1.8 billion in Q1 FY25, compared to $1.3 billion in Q4 FY24

Valueattics Reinsurance set to become India's first private reinsurer

So long GIC Re, a public-sector entity, was the only player in the field

Syneriq Global opens AI GCC in Hyderabad, aims for $150 million revenue

Additionally, the group launched a new AI platform, Zyrix, focused on driving innovation and advancing product engineering

Fashion-tech brand Virgio aims to invest $1 mn across 16 stores under plan

On the international front, the fashion-tech brand plans to open two stores in Dubai. It is currently scouting locations and aims to begin operations by the end of 2025

India's tech startup boom: Are policy tweaks needed to drive growth?

The success of UPI in India is a fascinating case study in the intersection of technology, policy, and socioeconomic factors

Swish secures $14 mn in Series A funding from Hara Global and Accel

This funding will support Swish's expansion across Bengaluru, with plans to extend its quick food delivery model to more pincodes in the coming month

Nespresso eyes store expansion in India, keen on B2B tie-ups with hotels

Nespresso makes coffee machines and coffee pods that are sold directly to consumers and businesses

Former Kissht founders launch debt resolution platform, secure $3.5 mn

Rezolv claims to simplify collections by centralising data and optimising workflows. It utilises AI analytics to improve recovery rates