Page 4 - Startup

ZEISS India teams up with IISc to advance AI research in eyecare

This collaboration will propel improvements in eyecare solutions from India for the world, considering the rising prevalence of vision impairments worldwide

Funding squeeze hit brakes on startups' unicorn race in 2024: Tracxn

Time taken to become unicorn fell by half in four years till 2023; back to 2019 levels again

Ed-tech unicorn LEAD Group eyes IPO within 2-3 years: Smita Deorah

The GSV Ventures- and Westbridge Capital-backed firm became a unicorn in 2022 and is now valued at $1.14 billion. The company currently services more than 8K schools and plans to add 3-4K schools

Best of BS Opinion: A Carpe Diem moment for Indian policymakers

The rapid growth of AI, success of mobile phone manufacturing, the index for states' fiscal health and labour shortages all point to opportunities for policymakers

Several startups likely to go public in 2025 despite challenges: Report

Several high-quality startup firms are likely to go public in 2025 despite global challenges, and the funding environment is also likely to improve this year, according to a report by venture debt firm InnoVen Capital. It also said that 47 per cent of startup founders out of 100 who participated in the survey expect the pace of hiring to increase this year. "Of those who attempted to raise in 2024, 63 per cent had a favourable experience. 79 per cent of founders are optimistic that the funding environment will improve in 2025," the India Startup Outlook Report said. Ashish Sharma, Managing Partner at InnoVen Capital India, said the report will provide useful insights to all stakeholders that have a keen interest in the venture ecosystem. "While the macro is challenging, we expect several high-quality companies to go public in 2025," he added. Further, the report said startup founders continue to look at domestic IPO as the likely mode of exit, with 73 per cent of founders choosing

Razorpay marks 10 years, targets about $400 billion in TPV by 2030

The company's next target is focused on transforming the payment experience for more than 1 billion consumers

Astrome Tech raises $10 mn to accelerate wireless connectivity innovation

The company seeks to transform the communication landscape with advanced solutions for both ground and space-based networks

360 One WAM to acquire brokerage house B-K Securities for Rs 1,884 cr

360 One reported a net profit of Rs 276 crore for the third quarter of FY25, registering a 44 per cent year-on-year increase

Nagpur startup ErlySign develops 15-minute saliva test for oral cancer

With an estimated 1.5 lakh cases of oral cancer diagnosed annually in India and a high mortality rate due to late detection, ErlySign claims that its test has the potential to reduce healthcare burden

Sanlayan Tech buys Dexcel Elec to boost defence, aerospace innovation

Dexcel has contributed to major defence and space projects, including Jaguar and Sukhoi aircraft upgrades and ISRO's Chandrayaan-3 and Aditya-L1 missions

VuNet Systems secures Rs 60 crore in Series B to drive global expansion

VuNet's observability solution, built using big data and machine learning, helps to monitor business journeys and improve payment experience of users

Our capability centres turned into innovation hubs: Indian leaders at Davos

The global capability centres in India have transformed from being centres of cost arbitrage to global innovation hubs, Indian leaders said on Wednesday on the sidelines of the World Economic Forum Annual Meeting. Speaking at a breakfast session organised by the Confederation of Indian Industry (CII) here, they also said there should be a consistent focus on upskilling the Indian talent pool. D Sridhar Babu, Telangana's Minister for Information Technology, Electronics & Communications; Industries & Commerce, said, "The Government of Telangana is working to put young Indians in Skills' University for training, coaching and tutoring that is required to upskill and reskill employees as well as people who would like to know about new technologies.. This has already started, and it is absolutely industry-driven where the government only acts as a facilitator, he added. Emphasising the importance of staying ahead in technological advancements, he said, "As the world is witnessing ...

Piyush Goyal assures 'excellent' support for startups in growth push

Commerce and Industry Minister Piyush Goyal on Thursday assured "excellent" support to startups and said domestic investors are now also recognising capabilities and the value proposition of investing in these enterprises. As per estimates, he said Indian startups have attracted about Rs 13 lakh crore funding in the last nine years, that is about USD 150 billion. On average, startups are receiving about USD 15 billion of funds every year and in a good year, it can go up to USD 22-25 billion, he said at the celebration event of nine years of Startup India here. "I promise you we are going to have excellent support, now also from domestic investors who are more and more aligning themselves with the startup India vision, who are more and more understanding the capabilities of young India and they are recognising the value proposition that you bring to the table," he said. He added that funding instruments like the Fund of Funds Scheme (FFS), which is administered by SIDBI and financed

Flying taxi startup secures $10 mn in Series A1 funding led by Accel

The funding will be used to scale operations, establish a research and development (R&D) centre, expand the workforce, and launch the company's flying taxi prototype

Games24x7 announces final list of its startup accelerator programme

More than 330 companies had applied to the programme, which was launched in October 2024

Table Space Founder and CEO Amit Banerji dies of heart attack at age 45

Amit Banerji and Karan Chopra launched workspace operator Table Space in 2017, with plans for an IPO this year

Boosting infra, empowering youth in rural areas a priority: PM Modi

At the inauguration of Grameen Bharat Mahotsav 2025, Prime Minister Modi highlighted the importance of creating economic policies that take into account every section of the society to strengthen the

DPIIT partners with Stride Ventures to help startups in funding, mentorship

The Department for Promotion of Industry and Internal Trade (DPIIT) on Saturday said it has joined hands with venture debt firm Stride Ventures to support high growth potential startups in their funding requirements. It said this collaboration will be instrumental in creating enormous opportunities for startups by integrating financial support with strategic mentorship and market access. Highlighting the macroeconomic impact of this collaboration, Joint Secretary in DPIIT Sanjiv said Stride Ventures will curate dedicated programmes and collaborate on engagements like the Bharat Grand Challenge to promote entrepreneurship, innovation, and investment. Ishpreet Singh Gandhi, Founder and Managing Partner, Stride Ventures, said "this partnership, coupled with our billion-dollar commitment to nurturing startups, reaffirms our resolve to strengthen India's startup ecosystem". The department said Stride Ventures will give thrust "on identifying startups with high growth potential, offering

Govt, Startup Policy Forum team up to make India a global innovation hub

A highlight of this partnership is the upcoming SPF Startup Baithak, a flagship event scheduled to take place on January 15-16, 2025, at Bharat Mandapam

Warmup Ventures launches Rs 300 cr fund to back early-stage startups

Second fund by venture capital firm will invest in sectors like deep tech, climate, sustainability