Page 4 - Startup Ecosystem

India has $20 bn dry powder waiting to be invested: Peak XV MD Anandan

Says investors are looking to invest unallocated capital in sectors like AI

Indian-American VC urges govt to reduce rules, regulations for startups

A top Indian-American venture capitalist from Silicon Valley has urged India to create a short-term inter-ministerial commission to review the rules and regulations governing the startups to facilitate them to be the next Google and Facebook of the world. The (Indian) government should focus on reducing the compliance burden on startups and businesses, Venkatesh Shukla, the former president of TiE Silicon Valley, told PTI in a recent interview here in California. I think the most important thing he could do is to create either a short-term commission or a committee, inter-ministerial, inter-departmental, to take a fresh look at the rules and regulations governing startups across all departments and figure out what makes sense and what is just a nuisance without adding a whole lot of value to the country, he said. A seed-stage investor, Shukla is the founder and general partner of Monta Vista Capital and has a proven track record of leading companies through rapid growth in his roles

Fintechs rule the roost in India's startup ecosystem this year, shows data

While the overall investment paints a gloomy picture, a handful of firms raised big-ticket funding, and some sectors managed to hold ground

Indian startups' funding winter persists, 72% decline in 2023: Report

The report highlighted that the funding declined across all stages, with late-stage funding dropping over 73%. Strong IPO momentum, and investors' interest in space tech were a silver lining

Wipro Consumer Care-Ventures launches Rs 250 cr fund for startups

'Fund II' to bolster consumer startups in India, SE Asia with focus on innovation and growth

Explore tie-ups with deep tech startups: Principal science adviser A K Sood

India's top science adviser has asked science and technology clusters to collaborate with deep tech startups and strive to become self-sustainable in the future. Referring to the recently-announced draft National Deep Tech Startup Policy, Professor A K Sood, the principal scientific adviser to the government, has suggested that the clusters can effectively collaborate with the deep tech startups operating under this policy framework, according to an official statement. Sood was speaking at the first joint Science and Technology (S&T) Clusters' Meet in Rajasthan's Jodhpur. The meet concluded on Friday. It was organised by the Jodhpur City Knowledge and Innovation Foundation (JCKIF) and hosted by the Indian Institute of Technology (IIT), Jodhpur. Launched in 2020, the City S&T Clusters is a flagship initiative of the Office of the Principal Scientific Adviser to the Government of India, established on the recommendation of the Prime Minister's Science, Technology and Innovation .

Don't try to conquer world as Indian customers: Sabeer Bhatia to bussinemen

Indian entrepreneurs should not try to conquer the whole world because they have cracked a cost-efficiency-based business model for Indian customers which is different from the way the rest of the world thinks, according to Hotmail founder and investor Sabeer Bhatia. Bhatia was in the city for the launch of a free online Artificial Intelligence (AI) and inquiry-based course in entrepreneurship on his short-form app Show Reel, in collaboration with Jamia Millia Islamia. "It all comes down to learning how to walk before you can run. Simply saiddon't try to conquer the whole world because you've conquered India the way people in India think is different from the way the rest of the world thinks," Bhatia told PTI on the sidelines of the collaboration announcement. Bhatia said Indian startups have a cost efficiency economics while US startups are focused on what saves them time. He stood by his former statement that Indian startups are copying western business models. "A lot of the ...

Repos Energy to raise Rs 100-300 cr in Series A funding by June next year

Energy distribution startup Repos Energy plans to raise Rs 100-300 crore in Series A funding round for building technology and enhancing geographical reach, its co-founder Aditi Bhonsale Walunj has said. The company is expecting to raise the capital in the next 6-8 months, and is in discussion with various investors including private equity as well VC investors, she said. The Pune-based firm, a supplier of diesel-dispensing browser for door-step delivery to commercial buyers for fuel, has raised Rs 50-60 crore so far in both equity and debt, Walunj said. Going ahead we are planning to raise around Rs 100-300 crore in our Series A round depending upon the right valuation that we get and the requirement at that time, Walunj said. She said the capital raise could come from VCs, PE funds, HNIs or through a strategic partnership and the talks are going on with all of them. The funds are going to be utilised primarily for expansion of geographical reach along with building technology

Business ideas under 10000: Top six ideas to start making money today

Starting a business can be a challenging task, and it becomes more difficult if you lack investment. Here are the six business ideas under 10,000 to start earning today.

TN launches revamped Startup and Innovation Policy 2023 with action points

Tamil Nadu has launched a revamped Startup and Innovation Policy 2023 with several action points aimed at making the state achieve leadership in the startup ecosystem, the government said on Wednesday. The policy, equipped with 50 action points, was rolled out by Chief Minister M K Stalin at the Secretariat to support the state government's vision at becoming a USD 1 trillion economy by 2030. The decision to upgrade the startup and innovation policy came following the surge in the number of registered startups. As of September 2023, registered startups in the state exceeded 7,000 and have attracted significant venture capital investments. The policy, which will be valid for the period 2023-2028, will be the fuel to accelerate and scale startups and increase their share in the State's GDP. The main focus of this policy framework is to establish a democratised ecosystem that fosters innovation and entrepreneurship, transforming the state into a land of opportunities, the government ..

G20 Summit: Startups hope Delhi Declaration to help ease capital access

Startup20 forum, in its recommendations, called for a global definitional framework for start-ups as well as a policy framework to strengthen ecosystems within and across G20 nations

Zepto becomes first unicorn this year, raises $200 mn at $1.4 bn valuation

This comes amid a funding slowdown where startups, across the board, have found it challenging to raise capital

Building an entrepreneurial ecosystem: Incubators & start-up support by Indian b-schools

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Why are governance lapses increasing in Indian startup ecosystem?

Conversations around proper governance among startups are increasing

Prime Video announces series to highlight India's most promising start-ups

The 'Mission Start Ab' series will feature ten early-stage grassroots entrepreneurs who focus on made-for-India innovations

Turmoil at Byju's highlights hurdles for India's startup ecosystem

Already stuck in a 15-month funding slump, India's young companies are in danger of becoming collateral damage to the country's highest-profile startup crisis in years

Paytm inks MoU with Arunachal Pradesh for creating startup ecosystem

: Paytm Payment Services Limited (PPSL) on Thursday signed an MoU with Arunachal Pradesh Innovation and Investment Park (APIIP) to create a startup ecosystem for the youth in the northeastern state, officials said. According to the MoU, Paytm Incubation Centre will provide its product to early-stage startups at a discounted price and offer free credits through the Paytm Startup toolkit to aid the business ventures of youths in their early stage of growth. This will nurture the startup ecosystem in the state and motivate the young entrepreneurs, an official communiqu informed here. The MoU was signed at the Arunachal Pradesh Innovation & Investment Park, the first state-owned marquee incubator here in the presence of its CEO Tabe Haidar. "We are happy to partner with the government of Arunachal Pradesh in its journey to create a vibrant startup ecosystem. At the Paytm Incubation Centre, we strive to catalyse the startup ecosystem in India and help young entrepreneurs gain new user .

Less than 1 in 3 startups manage to raise follow-on funding: Study

Less than one in three startups that attract seed funding manage to raise follow-on funding in the form of a 'Series A' round, a study by Venture Intelligence shows

From US to Australia, investors from 21 nations get angel tax exemption

Funding from countries such as Mauritius and Singapore in unlisted start-ups to attract the tax

Physis Capital announces first close of $50 mn fund for start-ups

Fund aims to build a portfolio of 15-20 start-ups, with an average ticket size of $2.5 million