Page 13 - Startups In India

India has $20 bn dry powder waiting to be invested: Peak XV MD Anandan

Says investors are looking to invest unallocated capital in sectors like AI

Indian startups' funding winter persists, 72% decline in 2023: Report

The report highlighted that the funding declined across all stages, with late-stage funding dropping over 73%. Strong IPO momentum, and investors' interest in space tech were a silver lining

GenAI startup Sarvam AI raises $41 mn in funding round led by Lightspeed

Company says it is developing product that can be used for training custom AI models or as an enterprise-grade platform

Govt recognises 114,902 entities as startups as on Oct 31: Goyal tells LS

The government has recognised 1,14,902 entities as startups as on October 31, Parliament was informed on Wednesday. These eligible firms are allowed to seek fiscal incentives under the Startup India Action Plan, which was launched in January 2016, and that includes income tax exemption for three years. Replying to a question in the Lok Sabha, Commerce and Industry Piyush Goyal said the action plan includes 19 items spanning across areas such as simplification and handholding, funding support and incentives and industry-academia partnership and incubation. The Department for Promotion of Industry and Internal Trade (DPIIT) "has recognised 1,14,902 entities as startups as on 31st October 2023," he said. Replying to a separate question, Minister of State for Commerce and Industry Anupriya Patel said subdued demand in major export destinations such as the US, Hong Kong, the Middle East and China and availability of raw materials at competitive rates were some of the challenges faced by

Expecting direct listing of cos in GIFT City by April 2024: IFSCA chief

The industry players say that the new avenue will help startups and unlisted companies access global capital

Wipro Consumer Care-Ventures launches Rs 250 cr fund for startups

'Fund II' to bolster consumer startups in India, SE Asia with focus on innovation and growth

How Amarinder Singh's Clove Dental is standardising India's oral healthcare

The startup sets ambitious target, plans to increase clinics to 1,000 and serve 3 million patients annually by FY24

Lessons from ED's crackdown on Byju's, Xiaomi to strengthen compliance

Experts are also of view that severe fines, penalties will push companies and startups to ensure their adherence to the regulatory framework when accepting foreign investments and issuing remittances

Funding winter for Indian startups likely to end by March: Experts

Investors attending the TiE Global Summit (TGS) exuded confidence that funding winter for Indian startups will end by March but said budding entrepreneurs seeking funds must come up with credible plans to generate returns on investments, as fancy valuations will no longer impress global fund managers. Funding winter, which refers to the drying up of funds for startups, remained the overarching theme at the recently concluded TGS 2023, the eighth edition of the flagship event organised by TiE. The event, held in conjunction with the Singapore Fintech Festival, was attended by over 2,000 participants, including experts, fund managers, thought leaders and startups. As regards India, We Founder Circle co-founder Gaurav VK Singhvi said, "Things would improve for Indian startups by March next year". He said that global investors are sitting on funds and once the "uncertainty" with regard to geopolitics, especially the Ukraine war and the Middle East crisis, gets over, the "funds would st

Gig worker earnings surge 48% during 2023 festival season: PickMyWork

PickMyWork claims to offer its gig workers three times higher earnings per hour compared to "traditional delivery gigs."

India-US ink pact to improve cooperation among startups, promote innovation

India and the US have signed an agreement to promote innovation through increasing cooperation among startups, address regulatory hurdles, and share best practices on fundraising by entrepreneurs, an official statement said on Wednesday. The Memorandum of Understanding (MoU) on enhancing innovation ecosystems through an innovation handshake under the framework of India-US Commercial Dialogue was signed on November 14 in San Francisco. Commerce and Industry Minister Piyush Goyal is in San Francisco. The commerce and industry ministry said that the MoU was signed at an industry roundtable meeting. Indian industry players, CEOs from major ICT companies, executives from venture capital firms, and founders of startups in the critical and emerging technology space participated and discussed ways to enhance US-India technology collaboration. "The MoU is signed with the objective to connect the two sides' dynamic startup ecosystems, address specific regulatory hurdles to cooperation, shar

Agri robots to eye for lunar rovers: Indian deep tech startups come of age

The key to their cutting-edge innovations can be attributed to the rise of emerging technologies including AI, big data, and the Internet of Things (IoT) and their accelerated adoption across sectors

Expect to see 10,000 deep tech Indian startups by 2030: Nasscom's Narayanan

Deep tech requires a lot of patient capital, as the payoff is not the same as consumer internet or software-as-a-service (SaaS) sectors, says Narayanan

Startups reflect force shaping economy in the networked age: LG Sinha

Jammu and Kashmir Lieutenant Governor Manoj Sinha on Wednesday reiterated that the administration is committed to creating a start-up ecosystem and ready to provide access to capital and other resources to start-ups and investors. LG inaugurated 'Igniter' start-up festival of J&K organised by Jammu University in collaboration with J&K start-up association, Tourism department, J&K Bank and J&K Rural Livelihood Mission. The mega event has brought together various stakeholders and investors on one platform. "I strongly believe start-ups reflect the force shaping the economy in the networked age. University and college campuses are known as a liquid platform of ideas and the best we can do is to create an environment so that great ideas can be realized", Sinha said while addressing the function here. LG said that the administration is committed to creating a start-up ecosystem and is ready to provide access to capital and other resources, fostering innovation and ...

Veteran entrepreneurs look to ramp up their bets in Indian startups

This is heartening to note as overall venture capital (VC) funding has been southward bound in the country

Top 5 government schemes for startups in India to support entrepreneurs

The government has started several schemes to help budding startups and entrepreneurs grow businesses in India successfully. Here is the list of the top 5 government schemes for startups in India

How to start a franchise business in India? Steps you need to follow

Franchise business is one of the fastest-growing business ideas in India. People are investing in well-established brands and earning good money. Here's how you can start a franchise business in India

E-commerce firms scale up tech efforts for upcoming festive season

Online retailers, startups are scaling up their tech and innovation efforts to handle demand from shoppers during festive season and make their shopping and payment experience seamless

Business loans for startups and new businesses by the Indian government

Every business needs a loan to flourish and grow and the need is more if it is a new business or startup. The government has issued several loan schemes to help MSMEs. Check details below

Banks considering rating framework to assess risk profile of startups

The plan to set up this mechanism has come up at a time when the government has asked banks to play a more active role in financing startups