Page 5 - Startup India

Startup India Seed Fund scheme will back domestic biz ideas: Piyush Goyal

The minister said often good ideas are bought out by international venture capitalists at throwaway prices

Govt sanctions over Rs 25,000 cr to 114,000 accounts under 'Stand-Up India'

Centre has sanctioned an amount of Rs 25,586 crore under the 'Stand-Up India' scheme to over 114,000 accounts up to March 23 since the inception of the scheme

Catamaran Ventures in talks to invest in B2B e-commerce platform Udaan

GMV is a term used in online retailing to indicate the Gross Merchandise Value of products sold through the marketplace over a certain period of time

Govt forms experts committee for Startup India Seed Fund Scheme

The government has constituted an experts advisory committee which will be responsible for the overall execution and monitoring of the Startup India Seed Fund Scheme

Amazon partners with Startup India, others to boost e-commerce exports

An accelerator programme to help early-stage startups is to be launched

PM Modi urges youngsters to attend Startup India International Summit

Prime Minister Narendra Modi has called upon youngsters to attend 'Prarambh', the Startup India international summit on January 15 and 16, saying it seeks to bring together top minds from industry, academia, investment, banking and finance besides young start up leaders. He also shared his LinkedIn post in which he noted that virtual interactions have become the new normal during the COVID-19 pandemic and said a big advantage of this is that people can be a part of programmes sitting at home. "With most events being held virtually, it has given a great opportunity for youngsters to be a part of many interesting domestic & global forums. One such opportunity is coming up in the form of Prarambh on 15-16 Jan. I urge our youth to be a part of it," Modi tweeted on Monday. Being indoors for the most of 2020 meant everyone had to alter their work styles, the prime minister noted and said work from home is in, so is greater adapting to technology. "For me, it meant more programmes ...

PhonePe hits 250 mn-user mark, registers 925 mn transactions in October

Flipkart-owned fintech platform PhonePe said it has crossed the 250 million-registered users milestone

Gujarat retains top spot in DPIIT's states start-up ecosystem rankings 2019

India has become the third-largest start-up ecosystem in the world with over 36,000 enterprises recognised under the Startup India initiative

40% Indian tech startups have suspended work due to coronavirus: Nasscom

Revenue declined by more than 80 per cent for about 34 per cent such companies, says online survey.

Amid race to woo small traders, CAIT readies online portal for kiranas

Called bharatemarket.in, the announcement comes at a time when e-tailers Amazon and Flipkart and offline player Reliance Retail are trying to woo small traders

Indian VC industry grows by 55% in 2019; Rs 72,0000 crore invested

The report was prepared by Bain & Company in partnership with Indian Private Equity & Venture Capital Association (IVCA)

Sequoia India leads $16 mn funding round in healthtech start-up Qure.ai

Qure.ai will use the capital to drive geographical expansion, expand product portfolio in two more areas

Budget 2020: FM Sitharaman proposes easing of tax payments for startups

During their formative years, startups generally use ESOPs to attract and retain highly talented employees, she added

University of Illinois offers 'soft-landings' to Indian startups in US

Its President Timothy L Killeen lauded the vibrant Indian startup ecosystem and said his university with its experience and being located "at the heart of the market" can offer help to such firms

App-based consumer credit provider MoneyTap aims at Rs 5,000 cr loan book

Firm has raised Rs 500 cr in equity and debt. It was launched in Sept 2016 as India's first app-based consumer credit line three serial entrepreneurs

To build strong ecosystem, govt sets up National Startup Advisory Council

The Council will suggest measures to foster a culture of innovation among students and others, the commerce and industry ministry said in a statement

Venture Highway raises $78 mn to fund early-stage tech companies in India

With portfolio companies such as Meesho, Sharechat, Moglix, and Cars24, the early-stage investment firm has so far invested in 20 start-ups

Budget 2020: To support growth, govt may provide tax incentive to startups

The Department for Promotion of Industry and Internal Trade (DPIIT) has suggested several measures to the finance ministry for start-ups in the budget

IISc to set up research park to help start-ups with infra, finances

The research park will come up with Rs 50-crore investment

Startup India Vision 2024: DPIIT may cut compliance time to 1 hour/month

So far, over 24,000 start-ups have been recognised by the department. They are eligible for various tax incentives