Page 6 - Startup Ecosystem

Valuation of startup ecosystem nearly Rs 3 trillion, says Piyush Goyal

The valuation of the startup ecosystem in the country is nearly Rs three lakh crore, Union Commerce and Industry Minister Piyush Goyal said on Saturday. "...the fact that we are probably 110-plus unicorns, about 75 or so soonicorns which are on their way to become unicorns, is truly a remarkable achievement. The last time we did a valuation of our startup ecosystem, it came to about USD 368 billion, that's nearly three lakh crore rupees," he said. Goyal said there are over 80,000 startups in the country registered with the Industry Ministry. "We have about over a million people directly engaged by them. Must be many million more who are indirectly involved in the entire startup ecosystem. Over a 110 unicorns," he said. He spoke about the various initiatives taken by the government to promote the startups. The government is also strengthening the patent offices and everything is going to be online, he said. He was replying to a query on what is being done to boost the startup ...

Made-in-India VCs continue to grow in numbers despite economic headwinds

145 new companies were set up in India in the past two years - 123 in 2021 and 22 in 2022: Tracxn data

Start-ups tap venture debt to stay afloat amid funding winter, say experts

The venture debt market is becoming popular within the start-up ecosystem with a lot of new funds coming up and limited partners also showing their interest in financing such investments

India's startup sector sees 80% drop in Q3 funding, slowdown to continue

The funding in Indian startups nosedived a massive 80 per cent (year-on-year) in the third quarter (July-September period) this year, with the late stage funding seeing the biggest fall

India recognized as 'country of the year' by Europe's Vivatech: Vaishnaw

This is the recognition of Indian start-ups. We have embarked on this exciting journey," said Union Communications Minister Ashwini Vaishnaw

India among largest, fastest-growing startup ecosystems in world: PM Modi

India is among the largest and fastest-growing startup ecosystems in the world...we in India remain open to learning from global best practices and sharing ours with others, PM Modi said.

Our competition is with the Silicon Valley: Karnataka CM Basavaraj Bommai

Silicon Valley in the US continues its reign as the world's pre-eminent startup ecosystem, according to experts

PM Modi to launch MP's start-up policy, interact with people today

PM Modi commend the Madhya Pradesh Government for this effort to make the state a hub for enterprise and urged people from this ecosystem to join the programme

We don't keep nominees on boards of firms we nurture: 100X.VC's Ninad Karpe

In a Q&A, the partner of the early-stage venture capital fund talks about the unique investment philosophy of 100X.VC, iSAFE Note and the Indian entrepreneurial ecosystem

Sebi to join Account Aggregator ecosystem, says Chairperson Madhabi Buch

AA ecosystem is a UPI moment for the lending ecosystem as it will allow sharing of data seamlessly and fast and without the need for physical documents.

28 unicorns created in India this year: Nirmala Sitharaman

The Indian economy has witnessed the creation of 28 unicorns this year on the back of a series of reforms unleashed by the government, Finance Minister Nirmala Sitharaman said

Global Innovation Index: Startup ecosystem propels India into top-50

New enterprises have helped India overcome inadequate govt R&D as well as innovation infrastructure. India now has the third highest number of startups in the world, after the US and UK

Startups playing key role in enhancing India-US ties: Ambassador Sandhu

India has a unique startup ecosystem and there has been a significant push from the current government to encourage entrepreneurship, the country's Ambassador to the US Taranjit Sandhu said

Zupee's valuation crosses $500 million, raises $30 million funding

This round comes within 6 months after its Series A round at a $100 million valuation, which is more than 5x increase in the company's valuation

Huawei to invest $100 million to boost start-up ecosystem over next 3 yrs

Chinese telecom gear maker Huawei on Tuesday announced that it will invest $100 million in Asia pacific start-up ecosystem over next three years.

Ant-backed Zomato's roaring India debut sets pace for internet startups

Shares of Zomato Ltd nearly doubled on Friday in a stellar first listing of local unicorn in India, setting pace for a slew of such debuts by internet-based startups that are thriving during pandemic

Vegan lifestyle brand Zouk raises $1.5mn in pre-series A led by Stellaris

Having gained 50,000-plus customers with a 4x growth in the past seven months, Zouk aims to double its consumer base every six months for the next 5 years

ADIF aims to make Indian startup ecosystem among top 3 globally by 2030

Digital startup think tank ADIF plans to make the Indian startup ecosystem among the top three globally by 2030, with focus on boosting knowledge base, driving collaboration and finding right policy

CityMall raises $22.5 mn in funding from General Catalyst, others

Recently, the company has expanded beyond daily-use products like groceries and FMCG products, into fashion, electronics, electrical appliances, cosmetics and others.

Jobs platform Apna raises $70 mn from Insight Partners, Tiger Global

With this investment, Apna has now raised over $90 million and is now valued at $570 million, within 16 months of launch