Page 10 - Startup

New start-up policy for Jammu & Kashmir to be notified by next month: LG

Jammu and Kashmir government would notify a new start-up policy by the next month to provide a roadmap for nurturing innovation, creating jobs and driving economic growth, Lieutenant Governor Manoj Sinha said on Saturday. Addressing the valedictory session of J&K Start-Up Conclave 2023 in Srinagar, the Lt Governor announced that the UT administration has drafted a new Start-Up Policy 2023 for Jammu and Kashmir which will be notified by the next month. The new policy will provide a roadmap for nurturing innovation, creating jobs and driving economic growth. It will ensure market access, suitable infrastructure and all the assistance and help to entrepreneurs in their journey, he added. J&K Start-Up Policy will also facilitate the growth of many cutting-edge sectors for Jammu and Kashmir which are still untapped. For the Seed Funding, one-time assistance up to Rs 20 lakh in four equal installments will be provided to start-ups recognized by J&K Government, the Lt Governor ...

Health services firm CureBay plans expansion in rural Odisha, Chhattisgarh

Startup has raised Rs 61 crore in financing from Elevar Equity, Incred and angel investors

Alibaba's Wu lays out strategic priorities for staff- user first, AI driven

This would help maintain a "start-up mindset" and prevent the company getting "stuck in our old ways", he said

Razorpay acquires digital invoicing, customer engagement startup BillMe

With this acquisition, Razorpay will get access to BillMe's client base of over 4,000 merchants

Startup20 to build momentum for entrepreneurship: Saudi Arabia Prince

India and the United Arab Emirates (UAE) have taken a step towards enhancing their bilateral ties by signing a memorandum of understanding (MoU) known as the "Startup20 Bridge"

Quick commerce unicorn Zepto makes Ankit Agarwal chief product officer

Senior executive will be in charge of company's supply chain and consumer management in new role

Kerala-based startup launches AI-based learning platform for all ages

A city-based start-up, Hello AI, registered with the KSUM has launched an artificial intelligence (AI)-based self-learning platform that offers a comprehensive and personalised learning experience for people of all age groups. The platform, HelloAI-HAILabs.ai, aims to empower students with essential AI and data literacy skills, besides equipping them with the essentials of self-learning through adaptive learning, personalised tutoring using AI tutor, and context-aware content generation, the Kerala Startup Mission (KSUM) said in a statement. "This will empower children for an AI-driven future with personalised AI literacy and fostering critical thinking," it said. HAILabs.ai will provide free access to Level 1 through a freemium model, with premium options enhancing the learning journey, the statement said. The platform also offers personalized learning experiences focusing on each student's needs by ensuring effective knowledge acquisition and skill development, KSUM said. Prasad

Dunzo delays employee salaries yet again, sets October as new deadline

Dunzo, a quick commerce startup backed by Reliance and Google, had earlier told its employees that their June and July salaries would be paid in September

Interest in generative AI ventures high: Fireflies AI CEO Krish Ramineni

AI meeting assistant Fireflies.ai founder Co-founder and CEO Krish Ramineni said the company is building on top of its transcription offering with generative technology and may consider raising funds early next year to support expansion plans. Ramineni, during his India visit spoke to PTI about the rapid growth in AI and startups in India and the Silicon Valley. He said at present there is a lot of interest and appetite for generative AI startups. Fireflies.ai helps your to transcribe, summarize, search, and analyze voice conversations. On its fundraising plans, Ramineni said, "We have potential plans to look into it at the start of next year. There's definitely a lot of interest and appetite for generative AI startups right now, but we're operating well and we're pretty capital efficient, so we have plenty of runway," he added. Launched just before the pandemic in January 2020, the San Francisco-based company has raised USD 19 million until now. Fireflies.ai operates in 20 nations

Karnataka Research Foundation to be set up for R-D in startups: Minister

Karnataka Minister N S Boseraju on Saturday said a state-level research foundation will be formed to conduct research and development in startups and industries. Speaking at the valedictory session of the Indian StartUp Festival-2023 at Sathya Sai Village here, Boseraju said it is imperative for constant research and development in the field of science and technology that is fundamental to the startup ecosystem. "Our government is taking all necessary steps to create an enabling atmosphere including scientific temperament in the process of learning. We have also focused on protecting ecology and environment as well as ensure a robust economy," said the minister, who holds the Science and Technology and Minor Irrigation departments. Stating that Bengaluru is rightly described as the startup capital of the country, Boseraju said the government has created an enabling atmosphere in terms of infrastructure because of which a number of startup industries are coming up in a big way. "In

Indian startups give salary hike of 8-12% in FY23, favour ESOPs: Study

Stock offer key component in increments for senior leadership roles, it says

Nandan Nilekani pitches ONDC to start-ups to democratise e-commerce

VC firm Antler has collaborated with Nilekani, FIDE and ONDC and launched the country's first ONDC-focused venture platform to help entrepreneurs create businesses and succeed on the open protocol

Skilling start-up Disprz gets $30 mn in Series-C funding from Lumos, others

Established in 2015, Disprz's client base includes firms like ICICI Bank, Amazon, Indian Oil, Bajaj Allianz, Ather Energy, HDFC Life, and Starbucks, among others

Dropping out and finishing your studies too: Boon for startup culture?

Sounds like having your cake and eating it too, as IITs and other institutes allow early exits. What does this mean for the dropout culture in startups?

Centre releases draft National Deep Tech Startup Policy on Monday

The government on Monday released the draft National Deep Tech Startup Policy (NDTSP) that spells out a nine-point programme to create a conducive ecosystem for the sector, which is crucial for enhancing India's capability and global competitiveness. A deep tech startup involves early-stage technologies based on scientific or engineering advancements, which are yet to be developed for any commercial applications. The draft NDTSP, released by the office of the principal scientific advisor to the government, has sought comments from the public by September 15. The draft NDTSP suggests necessary changes in nine policy areas such as nurturing research, development and innovation; strengthening the intellectual property regime; facilitating access to funding; enabling shared infrastructure and resource sharing; creating conducive regulations, standards, and certifications; attracting human resources and initiating capacity building; promoting procurement and adoption; ensuring policy and

upGrad announces advisory board to scale upGrad Institute in Singapore

Edtech firm upGrad on Monday announced the appointment of seven industry leaders to the advisory board of upGrad Institute, a government-approved private education institution in Singapore. The advisory board will offer insights to help accelerate upGrad's focus on building a robust learning institute that will empower the global workforce with an industry-ready experiential curriculum, the company said in a statement. "Joining the advisory board as Chairman, Prof. Arnoud De Meyer, ex-president of Singapore Management University... Along with him, Prof S Sadagopan, chairman, BoG, IIITDM-Kancheepuram, and founder director, IIIT-Bangalore, brings extensive experience in academia and education," the company said. With a sharp focus on skilling and job outcomes, upGrad Institute has also on-boarded accomplished industry leaders from diverse backgrounds, it said. They include Magdalene Ew, head of content, entertainment, Southeast Asia, Taiwan and Hong Kong, Warner Bros. Discovery; Jere

Internet, telecom start-up Wiom raises $17mn for expanding business

Company gives customers unlimited internet starting at Rs 10, taps into government's PM-WANI framework

AI startup ZYBER 365 secures $100 mn in funding led by SRAM & MRAM

AI Start-up ZYBER 365 has secured USD 100 million (around Rs 818.7 crore) in Series A funding led by UK-based SRAM & MRAM Group, valuing the company at USD 1.2 billion, a statement said on Tuesday. The latest funding has earned the Web3, AI startup a unicorn status, making ZYBER 365 the 109th unicorn in India's vibrant start-up ecosystem, the startup said in the statement. Founded in May 2023 by Indian-origin entrepreneurs Pearl Kapur and Sunny Vaghela, ZYBER 365 is involved in Web3, AI and cybersecurity segments with a focus on sustainability. With its headquarters in London and operational base in India, the company aims to make India the hub of its operations. The statement said that the Series A funding round, spearheaded by SRAM & MRAM Group, garnered significant investments from other prominent investors as well, highlighting the confidence in ZYBER 365's potential and growth trajectory. The capital will play a key role in fuelling the company's expansion plans, ...

'How bad is the job market?': Applicants spooked, experts optimistic

A start-up receiving 3,000 job applications in 48 hours reflects how substantial the churn is

Fashion e-commerce platform Styched acquires sneaker startup Flatheads

E-commerce fashion brand Styched has acquired D2C casual sneaker startup Flatheads in an all-equity transaction, the company announced on Monday. While Flatheads will continue offering its existing range of products, Styched will take charge of its operations and hire "aggressively" for strengthening the footwear department within Styched, the statement said. Flatheads co-founder Ganesh Balakrishnan said, Young Indians are just starting to flaunt their sneakers as a new fashion and lifestyle statement. It will be fulfilling to see Flatheads being an integral part of the market creation and growth. Founded in 2018, the Bengaluru-based brand has previously raised funds from We Founder Circle, LetsVenture, and other angel investors. Styched CEO Soumajit Bhowmik shared that the acquisition will propel their plans to launch sneakers and create an affordable collection with Flatheads spearheading their semi-premium segment. "The technical know-how of Flatheads would really help us creat