Page 7 - Startup

Former upGrad executives Kadekar, Konwar launch The Leadership Project

This venture aims to deliver leadership content that is globally relevant while being deeply rooted in India's diverse cultural contexts

Lenskart raises $200 million in secondary round at $5 billion valuation

Lenskart continues to deepen its penetration in India while rapidly scaling its international presence in Asia, including Southeast Asia and the Middle East

Deep tech startup policy to promote innovation likely in forthcoming Budget

The commerce and industry ministry may propose a dedicated policy for deep tech startups to promote innovation, for the forthcoming Budget to be announced by the new government, an official said. Voting for the Lok Sabha polls is over and the counting is scheduled for June 4. The new government is likely to take oath this month. The new government may announce the full Budget for 2024-25 in July. The official said that startups have to convert their innovation into intellectual property rights and for that extensive R&D is required. The policy is in the final stages and the ministry may forward this proposal for the full Budget announcement, the official said. In July last year, a draft National Deep Tech Startup Policy (NDTSP) was released for stakeholders' comments. It is aimed at addressing the challenges confronting deep tech startups through definitive policy interventions to create a conducive ecosystem. It also aims to harness the transformative potential of technological

Musk's startup xAI raises $6 bn in fresh round of funding, valued at $24 bn

The funding round was backed by investors including Andreessen Horowitz and Sequoia Capital

40 start-ups extend support to Digital Competition Bill in a letter to MCA

In the letter, the start-ups have also requested an upward revision of the thresholds for designating Systematically Significant Digital Enterprises (SSDEs)

From startup to prominence: Wheebox rewriting talent assessment with AI

Wheebox's assessments leverage extensive datasets to identify skills and traits crucial for success, while also ensuring a secure AI-driven evaluation system

Good Capital plans to invest $25 million in Indian AI startups this year

Mauritius-based venture capital firm Good Capital on Friday said it plans to invest USD 25 million, about Rs 200 crore, in Indian AI startups this fiscal. The investment will be made from the corpus of USD 50 million Good Capital Fund II, which is expected to be used by 2027. "The total fund is USD 50 million which is planned to be used by 2027. Out of which Good Capital is deploying USD 25 million in AI startups empowering intermediaries and plans to deploy this by 2025, Arjun Malhotra, General Partner at Good Capital said. "Investing in technology products solving India-centric problems, the firm has announced plans to invest USD 25 million in AI startups by FY25. These investments will primarily target sectors such as cleantech, e-commerce, edtech, healthtech, SaaS, and deeptech, Good Capital said. The firm plans to invest in 15-20 AI startups across early-stage and Series-A funding stages utilising AI and LLM (large language models) to create novel businesses through an investm

Netcon Tech invests in Nikitek to revolutionise airport baggage handling

This move will transform the way baggage handling is done at airports, delivering a seamless, digitally enabled and eco-friendly travel experience, Netcon said

Anthill Ventures seeks to raise $100 mn for private credit cross-fund

The $1.7 trillion global private credit market has become a serious rival to mainstream lending, attracting investors by offering higher rates of returns

Former BharatPe COO Bahl-led Eternal Capital launches Rs 120 crore VC fund

The fund has been uniquely structured to democratise and simplify access to early-stage institutional deals in start-ups

Why the failed delivery of Rs 187 ice cream, cost Swiggy more than Rs 5,000

The customer sought Rs 10,000 as compensation and an additional Rs 7,500 in litigation expenses from Swiggy for its failure to deliver the ice cream and subsequent refusal of a refund

Artificial intelligence startups face rough financial reality check

Investors have poured $330 billion into about 26,000 AI and machine-learning startups over the past three years, according to PitchBook

Indian startup funding declines 3.1% to $2.3 billion in Q1 CY2024

The country saw the creation of two unicorns - companies valued at over $1 billion - during the quarter, namely Ola Krutrim and fintech Software as a Service (SaaS) firm Perfios

Metal recycling startup Runaya aims to generate $1 bn in revenue by FY30

The company is also looking at an IPO. But Agarwal said, it was not an urgent priority. It would happen whenever the timing is right

Income tax notices lead to stress among startups, executives and investors

The notices were served under Section 68 of the Income Tax Act. They have clubbed the investments made in the startups, along with the revenue, to calculate the tax, according to the sources

BS Manthan: Never had a funding winter, says Sanjeev Bikhchandani

The comment from Bikhchandani--who's sometimes referred to as the father of Indian startups-came in the backdrop of Indian startup funding hitting a seven-year low in 2023

Audio streaming platform Pocket FM completes 1st ESOP buyback worth $8.3 mn

Pocket FM's valuation almost doubled after its latest funding round to about $750 million, up from $390 million when it previously raised $65 million in its Series C round in March 2022

Krutrim AI models improving almost every week, says company executive

The startup aims to address the inherent hallucination issue in AI models by leveraging user feedback from its beta program

Zomato CEO Goyal marries Mexican model-turned entrepreneur Grecia Munoz

Zomato founder and CEO Deepinder Goyal, who recently made headlines over the launch of a 'Veg Only' service catering to vegetarians, has tied the knot for the second time with Mexican model-turned entrepreneur Grecia Munoz, sources said. Goyal, 41, was previously married to Kanchan Joshi. They were reportedly studying in the same department in IIT Delhi. "Grecia has been in India running her own startup in the luxury consumer products space. She used to be a model, yes. They got married a couple of months ago," a source told PTI. Grecia's Instagram bio reads, 'Born in Mexico now at home in India'. She has been the winner of the Metropolitan Fashion Week, 2022. Earlier this week, facing a huge backlash over plans for separate green uniforms for a new vegetarian-only food delivery service, Goyal said the company will roll back the plan, and all delivery persons will continue to sport the current red shirts/t-shirts. The Zomato CEO rolled back the green-coloured 'Pure Veg' fleet for

Fintech startup Yenmo secures $500,000 investment from Y Combinator

Yenmo offers a full-stack API (application programming interface) solution for other companies to integrate loans against mutual funds into their products