Page 3 - Startup

Zeta bets on modern code to rewrite $300 bn banking software market

The aim is to tackle a long-standing issue: core banking systems remain outdated, built on decades-old mainframes and COBOL code

Byju Raveendran files FIR against former Byju's RPs, EY, and Glas Trust

Valued at $22 billion in 2022, Byju's has seen its fortunes almost wiped out due to a massive cash crunch, regulatory issues and disputes with investors

Focus should be on product-led innovation models: Meity Startup Hub CEO

During the Startup Mahakumbh, Panneerselvam Madanagopal, chief executive officer (CEO) of Meity Startup Hub, urged young founders and entrepreneurs to move beyond service-driven models

Work-life balance is not the startup game: LinkedIn Founder restarts debate

LinkedIn founder Reid Hoffman argued that startups are inherently demanding and require full commitment, giving examples from his own experience with building the employment-focused online platform

Shark Tank Dreams? Here’s How to Fulfil them!

How do you impress the Sharks and build a standout brand? CEO of Good Monk, Amarpreet Singh Anand, shares sharp insights in this episode of Manager’s Mantra.

Isar Aerospace completes first test flight of orbital launch vehicle

A rocket by a private European aerospace company launched from Norway on Sunday and crashed into the sea 30 seconds later. Despite the short test flight, Isar Aerospace said that it successfully completed the first test flight of its orbital launch vehicle by launching its Spectrum rocket from the island of Andya in northern Norway. The 28-metre-long Spectrum is a two-stage launch vehicle specifically designed to put small and medium satellites into orbit. The rocket lifted off from the pad at 12:30 pm (1030 GMT) Sunday and flew for about a half-minute before the flight was terminated, Isar said. This allowed the company to gather a substantial amount of flight data and experience to apply on future missions, Isar said in a statement. After the flight was terminated at T+30 seconds, the launch vehicle fell into the sea in a controlled manner. Video from the launch shows the rocket taking off from the pad, flying into the air and then coming back down to crash into the sea in a fier

Inflection Point Ventures marks 14 exits in 2024, aims for 20 exits in 2025

IPV portfolio companies include sports startup Fitso, electric ride-hailing platform BluSmart, and grocery delivery platforms Otipy and Milkbasket, among others

AI-powered startup Irame.ai raises $1 million from SenseAI Ventures

Irame.ai, an AI-powered enterprise productivity and audit intelligence platform, has raised USD 1 million (about Rs 8.4 crore) in funding from SenseAI Ventures. The funds will help the Gurugram-headquartered firm in enhancing operations in audit automation, anomaly detection, and enterprise compliance, a company statement said. "With this funding, Irame.ai will scale its AI-driven audit intelligence across enterprises, expand its capabilities, and set new benchmarks for governance and compliance automation in a rapidly evolving regulatory landscape," it said. The investment will aid the company to scale impact and make AI-driven audit intelligence the new standard for governance and risk management, Irame.ai Co-founder & CEO Kapil Arora said.

ISID backs MSMEs, startups to drive manufacturing-led Viksit Bharat

While big industry is crucial, ISID's industrial development report advocates strengthening medium and small enterprises and startups to achieve India's 2047 goal

India's tech startups raise $2.5 billion in Q1 2025, up 8.7% from 2024

Across different stages of investment, late-stage startups attracted the highest total funding of $1.8 billion in Q1 FY25, compared to $1.3 billion in Q4 FY24

Valueattics Reinsurance set to become India's first private reinsurer

So long GIC Re, a public-sector entity, was the only player in the field

Syneriq Global opens AI GCC in Hyderabad, aims for $150 million revenue

Additionally, the group launched a new AI platform, Zyrix, focused on driving innovation and advancing product engineering

Fashion-tech brand Virgio aims to invest $1 mn across 16 stores under plan

On the international front, the fashion-tech brand plans to open two stores in Dubai. It is currently scouting locations and aims to begin operations by the end of 2025

India's tech startup boom: Are policy tweaks needed to drive growth?

The success of UPI in India is a fascinating case study in the intersection of technology, policy, and socioeconomic factors

Swish secures $14 mn in Series A funding from Hara Global and Accel

This funding will support Swish's expansion across Bengaluru, with plans to extend its quick food delivery model to more pincodes in the coming month

Nespresso eyes store expansion in India, keen on B2B tie-ups with hotels

Nespresso makes coffee machines and coffee pods that are sold directly to consumers and businesses

Former Kissht founders launch debt resolution platform, secure $3.5 mn

Rezolv claims to simplify collections by centralising data and optimising workflows. It utilises AI analytics to improve recovery rates

Green Frontier Capital to invest Rs 100 cr in climate-tech firms this year

Founder Sandiip Bhammer says the climate tech-focused VC firm only invests in companies that address three 'D's: decarbonisation, digitisation, and disruption

Create an ecosystem for banks to offer equity support to startups: CS Setty

SBI Chairman C S Setty on Tuesday pitched for creating an "ecosystem" where banks can offer "equity support" to startups in the country. He said the government is also looking at a guarantee scheme where support for loans up to Rs 100 crore will be provided to the startups. "We need to work out an ecosystem where the equity support from the banking system is also available to the startups," Setty said, speaking at the annual NTLF event organized by tech industry lobby grouping Nasscom here. Banks are not allowed to offer equity support to startups at present, and can only offer debt support. Setty said the country's largest lender has been active on the debt support front when it comes to startups, pointing out that it lends directly to such enterprises or through dedicated funds. It also has seven dedicated branches across the country which offer dedicated banking support and loans to the start-up ecosystem, which is the third largest globally. Setty said the fledgling fintechs

A new orbit for India: Startups, innovation propel space ambitions

While Isro pioneered cost-effective space innovations, startups are taking efficiency to the next level