Page 4 - Startup

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

Arm CEO downplays ambitions to make its own chip in Qualcomm case

The crux of the litigation is a clash over Qualcomm's license agreement for the use of Arm's intellectual property following Qualcomm's $1.4 billion acquisition of chip startup Nuvia in 2021

Startup contribution to economy projected to reach $1 trillion by 2030

India's startup ecosystem, valued at over $349 billion, ranks third globally in unicorn count as of May 2024

Uttar Pradesh: Over half of state's registered startups led by women

Moreover, UP has planned to develop India's first artificial intelligence city in Lucknow, and set up an exclusive fund for the emerging technology to boost the AI ecosystem and foster AI startups

Antler India plans to invest around Rs 211 crore in 50 startups in 2025

Venture capital firm Antler India is planning to invest USD 25 million, or about Rs 211 crore, in 50 startups in 2025, the company said on Wednesday. The venture capital firm has invested in 30 startups in 2024 through its maiden USD 75 million fund. "Antler plans to ramp up investments further in the next year and make 50 investments in 2025. We plan to invest USD 25 million in the 50 companies," Antler India Partner Rajiv Srivatsa told PTI. The company's 2024 investments include a wholesale marketplace for fashion retail Bizup, aluminium-air fuel cell technology company Meine Electric, open mobility platform Namma Yatri, personal loan facilitator firm Keeper, which uses paid leaves as digital assets for salaried employees, AI-powered dashcam provider Cautio, etc. "Our investment pace reflects both the quality of the founders we're meeting and our conviction that the next wave of global technology companies will emerge from India. We have invested in 30 companies this year, many o

Wardwizard partners with SpeedForce to boost Joy e-bike service, reach

SpeedForce, which operates in over 350 locations and services around 150 vehicles per outlet monthly, will now provide sales and service support for Joy e-bikes

The Good Glamm Group completes 100% acquisition of The Moms Co

This comes on the heels of the group's completion of its Sirona transaction and increases in shareholding in other portfolio brands Organic Harvest and Winkl

India's startup ecosystem sees rebound, late-stage deals take lead

Investors attribute the revival to the country's strong public markets, which are boosting confidence in initial public offering (IPO)-bound startups offering viable exit opportunities

Drone startup Airbound raises $1.7 million funding, to focus on deliveries

Airbound will deploy its R&D efforts to initially focus on medical deliveries and then expand into other areas such as food and groceries

Supply chain startup Zetwerk considers raising $1 billion through IPO

Zetwerk's technology platform helps connect suppliers and customers in areas such as aircraft engine manufacturing, consumer electronics and home appliances

Indian-born founders lead the charge in US unicorns, reveals study

India heads the list of non-US-born unicorn founders, with 90 from the country, followed by Israel with 52, Canada with 42, the UK with 31, and China with 27 founders

Marut Drones raises $6.2 million from Lok Capital in Series A funding

Marut Drones is also exploring disaster management and surveillance applications

Bengaluru startup EMOBI unveils low-speed 2W with multipurpose battery

With this launch, EMOBI aims to capture 20-25 per cent of the market share in India's B2B last-mile delivery sector over the next three years