Page 31 - Startup

PM Modi announces Rs 1,000 cr startup fund to push growth of tech ventures

For the next five years India, which is in a technology race with China, has a mission for its startups and unicorns to emerge as global giants and lead in futuristic technologies

Banking on Budget: Hope and reforms amid pandemic and fiscal deficit

The government has taken laudable steps to support and propel the economy in these difficult times, but a lot more still needs to be done, writes Vikas Vasal

SucSEED Indovation announces first closure of maiden Rs 100 cr fund

Indovation Fund has identified three startups Stargate, Auris, and Freestand for investment and has signed term sheets

IBM to buy European cloud startup Nordcloud, sees $1 trn market opportunity

Since taking office in April, Chief Executive Officer Arvind Krishna has acquired at least five startups from the hybrid cloud space.

Indian edtech startups see investment of $2.22 bn in 2020, shows data

Byju's and Unacademy have raised the most capital, $2.32 billion and $354 mllion, respectively, in 2020

Startup builds tech to do Covid-19 sero survey of 10 mn samples in 7 days

The Delhi-based company has partnered with state-run ITI to host its data and also done a proof of concept with the public sector firm

New Microsoft programme to nurture health tech startups in India

Microsoft launched a dedicated programme to help healthtech startups flourish in India, as the pandemic impacts every aspect of the healthcare system in the country

BharatAgri raises $2 million from 021 Capital, India Quotient, others

Pune-based startup BharatAgri on Wednesday said it has raised $2 million from a clutch of investors, including Binny Bansal-backed 021 Capital and India Quotient, for expansion

Former Tesla CIO Jay Vijayan's start-up Tekion joins unicorn club

The company raised $150 million at a valuation of over $1 billion in a round led by Advent International

Six Indian startups that beat the pandemic to become unicorns this year

Three unicorns have emerged in fintech space and one each in software, edtech and beauty space. A unicorn is a privately held startup that is valued at $1 billion or more

Ergos raises Rs 38.5 crore from Chiratae Ventures, Aavishkaar Capital

Agri-tech start up Ergos Business Solutions on Wednesday said it has raised Rs 38.5 crore in Series A round with fresh investment from Chiratae Ventures and Aavishkaar Capital

'We were fortunate on timing': 28-year-old who just became a billionaire

"Our goal is you'll be driving down the highway and the trucks you see will have Hyliion powertrains," says Thomas Healy

Clover Health to go public via $3.7 billion deal with Social Capital

The combined cash-and-stock deal includes a $100 million investment from venture capitalist Chamath Palihapitiya and $50 million from Hedosophia

Rajnath launches startup challenge to find ideas on 11 defence issues

Defence Minister Rajnath Singh on Tuesday launched a startup contest under which innovators, MSMEs and startups have to find new ideas applicable to 11 specific challenges of the Indian defence sector

Gujarat ranked best state in providing strong ecosystem for startups: DPIIT

Gujarat has again emerged as the best performer in developing startup ecosystem for budding entrepreneurs, according to the ranking of states and union territories (UTs) done by DPIIT

This art investment startup is luring scores of investors in the pandemic

Think of it as the art market's version of the popular trading platform Robinhood Markets, which lets users buy a fraction of a company's share for a few dollars

Unacademy began as co-founder's hobby; start-up is now a unicorn

Unacademy now has 30 million registered users and 350,000 paying subscribers, almost four times as many as in February. The platform has more than 18,000 registered educators.

Desi professional network startup Apna raises $8 mn in Series A funding

The startup that seeks to provide access to local job opportunities to blue and grey collared professionals has raised the funding from Lightspeed and Sequoia Capital

9Unicorns makes first close of Rs 100 cr for its new fund for start-ups

The fund intends to offer $100,000 for 5-7% equity per start-up

Traditional firms take on Covid-19 through innovative firsts in market

"Immunity and antiviral have become the key words but consumers are not gullible and if they see through a company's claims, it loses the game even before it has begun it," said Harish Bijoor