Business Standard

Startup India

Lonely dead pool club: Shutdowns fall 99.8%, startups face a zombie threat

While founders have now become more prudent, there are firms that continue to burn cash to survive and may soon end up in the dead pool once their runway ends

Lonely dead pool club: Shutdowns fall 99.8%, startups face a zombie threat
Updated On : 08 Jul 2024 | 12:07 AM IST

ICAI aims to facilitate $200 mn funding through startup event in June

Chartered accountants' apex body ICAI on Thursday said it aims to facilitate funds worth over USD 200 million to startups through an event scheduled to be held in Bengaluru from June 27 to 29. It will organise the second edition of the Startup Sphere, and more than 10,000 people from the startup ecosystem are expected to participate in the event, according to a release. The Institute of Chartered Accountants of India (ICAI) said the first edition of the event last year saw an estimated USD 100 million commitment of funding from 60 pitches presented to 75 investors. "The Startup Sphere 2024 is scheduled from 27th to 29th June 2024. We are expecting to arrange more than USD 200 million in funding this year. More than 10,000 people are expected to participate in this three-day event that aims to connect entrepreneurs and investors, wherein startups can share their ideas and get investments," ICAI President Ranjeet Kumar Agarwal said. The event will be supported by the Department for .

ICAI aims to facilitate $200 mn funding through startup event in June
Updated On : 23 May 2024 | 9:30 PM IST

Indian fintech startup funding surges 59% in Q1 CY2024: Tracxn report

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

Indian fintech startup funding surges 59% in Q1 CY2024: Tracxn report
Updated On : 12 Apr 2024 | 5:03 PM IST

6 innovative startups from Shark Tank India awarded grants: DBS Foundation

These startups were recognised for their commitment to a dual bottom line, aiming for profit while making a positive social or environmental impact

6 innovative startups from Shark Tank India awarded grants: DBS Foundation
Updated On : 04 Apr 2024 | 4:24 PM IST

BS Manthan: Plenty funds for right startups, Rajesh Magow on funding winter

Business Standard Manthan 2024: Rajesh Magow, the CEO of MakeMyTrip, on Thursday said he disagreed with the perception that there was a fund crunch in the startup ecosystem

BS Manthan: Plenty funds for right startups, Rajesh Magow on funding winter
Updated On : 28 Mar 2024 | 7:08 PM IST

Deeptech startup policy in final stages, says DPIIT secretary RK Singh

The development is in line with ongoing governmental efforts to bolster innovation in the deeptech sector

Deeptech startup policy in final stages, says DPIIT secretary RK Singh
Updated On : 18 Mar 2024 | 9:03 PM IST

India AI mission to provide funding, support to deeptech startups: Experts

The move will provide much-needed financial assistance to deeptech startups in the country, an area which founders say has been a major roadblock for innovation in the sector

India AI mission to provide funding, support to deeptech startups: Experts
Updated On : 12 Mar 2024 | 6:10 PM IST

Bharat Jodo Nyay Yatra: No startups in the country, claims Rahul Gandhi

Gandhi claimed the Centre had waived off loans to the tune of Rs 16 lakh crore of big corporates but was unwilling to provide the same relief to farmers, students and labourers

Bharat Jodo Nyay Yatra: No startups in the country, claims Rahul Gandhi
Updated On : 08 Mar 2024 | 11:35 PM IST
Updated On : 04 Mar 2024 | 12:56 AM IST

India startup boom: Goyal exhorts entrepreneurs not to 'miss the bus'

Terming startups as the backbone of new India, Union minister Piyush Goyal on Tuesday exhorted entrepreneurs not to "miss the bus" and make most of the opportunities as India transitions to become a 35 trillion dollar economy by 2047. India, he said, has emerged as a global leader, and its story is one of confidence, good governance and continued innovation. "I believe startups will be backbone of new India. This is our time under the sun, and the sun is rising," the minister for commerce and industry said at a curtain raiser event for upcoming 'Startup Mahakumbh'. "I hope we don't miss the bus. I hope the message goes loud and clear to all startups not to lose this opportunity," he said, adding that the upcoming mega event will showcase the startup revolution sweeping the country. Goyal exuded confidence that young Indians will shape the country's destiny in 'Amrit kaal'. "...It is this young India that is going to shape our destiny...as we transition from 3.5 trillion dollar eco

India startup boom: Goyal exhorts entrepreneurs not to 'miss the bus'
Updated On : 27 Feb 2024 | 1:19 PM IST

Indian startup ecosystem welcomes MCA's performance review of CCI

The Finance and Corporate Affairs Minister, Nirmala Sitharaman, is likely to convene a meeting in this regard this month

Indian startup ecosystem welcomes MCA's performance review of CCI
Updated On : 12 Feb 2024 | 9:05 PM IST

Health tech startup Neodocs raises Rs 16.6 cr in seed funding round

Company that makes smartphone-based medical test kits will use the financing to expand business

Health tech startup Neodocs raises Rs 16.6 cr in seed funding round
Updated On : 08 Feb 2024 | 4:50 PM IST

Over 50% DPIIT-recognised startups from tier-II and tier-III cities

The states of Gujarat, Karnataka, Kerala, and Tamil Nadu emerged as the "best performers" in developing a startup ecosystem for Indian entrepreneurs

Over 50% DPIIT-recognised startups from tier-II and tier-III cities
Updated On : 16 Jan 2024 | 11:53 PM IST

Income tax benefits granted to 2,975 recognised startups: DPIIT

As many as 2,975 government recognised startups have been granted income tax exemptions so far, a senior official said on Monday. Under the Startup India , the government provides income tax exemption. Joint Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Sanjiv said that as on December 31 last year, 1,17,254 startups have been recognised by the department. "The number of startups getting income tax benefits was 1,100 till March 2023 and now it has increased to 2,975 startups," he told reporters here. He added that they are in the process of formulating a standard operating procedure for examining and fast-tracking applications for granting eligibility certificates. This certificate is required to claim tax exemptions. The Startup India Action Plan was announced in 2016.

Income tax benefits granted to 2,975 recognised startups: DPIIT
Updated On : 15 Jan 2024 | 5:39 PM IST

SoftBank to resume investing in Indian startups after 18-month hiatus

SoftBank is now actively pursuing investments in new-age enterprises and expanding its portfolio in India

SoftBank to resume investing in Indian startups after 18-month hiatus
Updated On : 11 Jan 2024 | 2:49 PM IST

PE/VC investments dip to 43-month low of $1.6bn in November: Report

Investments by private equity and venture capital funds plummeted to a 43-month low of USD 1.6 billion in November, a report said on Tuesday. The investments were 69 per cent lower than the year-ago period and 60 per cent less than October, the report by industry's lobby grouping Indian Venture and Alternate Capital Association (IVCA) and the consultancy firm EY said. By volume terms, there were 58 deals in November 2023 as against 106 in the year-ago period and 73 in October 2023, the report said. Based on the available data, the consultancy firm's partner Vivek Soni said he anticipates PE/VC investments for 2023 to come at 10-12 per cent below the USD 56 billion in 2022. "This fall has been primarily fuelled by a sharp contraction in startup investments and a drop in number of large deals on account of the widening bid ask spread between investor valuations and seller expectations," he added. In November, there were six large deals of value greater than USD 100 million, aggregat

PE/VC investments dip to 43-month low of $1.6bn in November: Report
Updated On : 19 Dec 2023 | 5:48 PM IST

Louis Dreyfus eyes deeper engagement with agritech startups: Sumeet Mittal

Inflation in 2023-24 and 2024-25 won't be as impactful as it was last year

Louis Dreyfus eyes deeper engagement with agritech startups: Sumeet Mittal
Updated On : 14 Dec 2023 | 12:22 PM IST

Google supports women-led AI startups in tech innovation, sustainability

Google for Startups Accelerator programme is designed to enable women entrepreneurs who are using technology to solve complex problems and are making a positive impact on society

Google supports women-led AI startups in tech innovation, sustainability
Updated On : 13 Dec 2023 | 5:01 PM IST

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

Indian startups' funding winter persists, 72% decline in 2023: Report
Updated On : 08 Dec 2023 | 11:08 PM IST

24 agri startups recommended for support from pool of Rs 20 cr: Govt

In a boost to the agri-tech sector, experts have recommended 24 start-ups for both technical and financial support from a dedicated fund of Rs 20 crore, an official release said on Saturday

24 agri startups recommended for support from pool of Rs 20 cr: Govt
Updated On : 30 Sep 2023 | 11:47 PM IST