Page 19 - Startups In India

Fund of Funds for startups committed Rs 7,385 cr to 88 AIFs: Govt

The Fund of Funds for startups, launched in 2016, has committed Rs 7,385 crore to 88 alternative investment funds (AIFs) as of September 24 this year, the commerce and industry ministry said on Monday. These AIFs in turn have invested Rs 11,206 crore in 720 startups, it said. The Fund of Funds (FFS) initiative has been playing a major role in mobilising domestic capital in the Indian startup ecosystem., it added. FFS was announced with a corpus of Rs 10,000 crore. The corpus is to be built up over the 14th and 15th Finance Commission Cycles (2016-2020 and FY 2021-2025) through budgetary support by the Department for Promotion of Industry and Internal Trade (DPIIT), under the ministry. Under FFS, support is extended to SEBI-registered AIFs, which in turn invest in startups. "FFS has not only made capital available for startups at early stage, seed stage and growth stage but also played a catalytic role in facilitating raising of domestic capital, reducing dependence on foreign capi

Future of learning: Edtech start-ups' hybrid tilt to lure students

With the offline lure of greater teacher-student connect many such start-ups have forayed into brick-and-mortar centres to compete with existing offline institutions

Startups to get access to large datasets of non-personal data: MoS IT

Chandrasekhar added that some of this will also be made available for companies coming from outside India

Kuku FM raises $21.8 mn series B1 funding from Fundamentum Partnership

Funds will be used to expand Kuku FM's catalogue, strengthen its content creation ecosystem and offer more language choices to listeners, focusing on the 'Bharat' audience

Star-studded startups: Five celebrities who are betting on Indian companies

From Twinkle Khanna to Virat Kohli, many B-town celebrities and cricketers have already invested in startups ranging from food to edtech

What explains the great Indian brand rush?

Several new-age startups in the D2C space in India are increasingly being gobbled up by bigger FMCG companies. A rush for brand acquisitions is on. Watch our next report to know more

India has 100 unicorns with a value at $250 billion, says FM Sitharaman

India was home for over one hundred unicorns with a total value of USD 250 billion which have managed to raise over USD 63 billion in the last few years, Union Finance and Corporate Affairs Minister Nirmala Sitharaman said here on Saturday. Nearly 25 per cent of the start-ups in the Silicon Valley were managed by people of Indian origin and it was a matter of pride, she said at an event here. The start-up eco-system was built well in the country and all the one hundred unicorns were valued at USD 250 billion and have managed to raise over USD 63 billion from the capital markets, she said addressing new graduates at the 10th Convocation of the Indian Institute of Information Technology, Design and Manufacturing, Kancheepuram near here. "I am saying all these things because, even as you graduate from here, you all can become entrepreneurs and create jobs for others. It is not the world were entrepreneurship is worrisome or entrepreneurship has risks. It may have had the risks, (but)

76 start-ups to get govt financial support for work on water management

Seventy-six start-ups have been onboarded under the 'India Water Pitch-Pilot-Scale Start-Up Challenge' and they will be provided financial support of up to Rs 20 lakh each to work in the fields of water supply, used water management and water body rejuvenation, a statement said on Friday. The Union Housing and Urban Affairs Ministry (HUA), in the statement, said the startups have been shortlisted by it through a challenge process launched in March 2022 under the Atal Mission for Rejuvenation and Urban Transformation Mission (2.0). It said a 'Startup Gateway' has also been launched wherein the start-ups can apply and be shortlisted by the ministry for financial support. "The shortlisted start-ups will be provided financial support of up to Rs 20 lakh each to work in the fields of water supply, used water management, water body rejuvenation and ground water management etc," the statement quoted HUA minister Hardeep Singh Puri as saying at an event. The ministry also launched a toolki

India edges out China in creating new unicorns in H1CY22: Hurun report

As many as 147 unicorns worldwide saw their valuations drop in the last six months

Accenture Ventures makes strategic investment in satellite startup Pixxel

Pixxel is building world's highest resolution hyperspectral imaging satellite constellation in order to offer AI-powered insights on climate issues at a fraction of the cost of traditional satellites

Why Bengaluru might get a 'unicorn' logo and where it might be placed

A unicorn logo. That's how Karnataka hopes to celebrate Bengaluru, a city that has the most number of startups and unicorns in the country

Get a masterclass on the art of scale-up from start-up wizards

Tech world's prime-movers set up Artha School of Entrepreneurship.

Rethinking the start-up economy

This is a good time to give another thought to the place of start-ups in the world of finance and business

Flipkart $100 mn venture fund invests in 6 startups, will mentor them

Companies with a range of innovations will receive an equity investment of up to $500,000

Investment firm Stride Ventures closes second India fund at $200 mn

Stride Ventures, announced the close of its second India fund at $200 million for investments in consumer, financial technology, agriculture technology, B2B commerce and other sectors.

EV charging start-up Exponent Energy raises $13mn in series A funding

Exponent Energy, an electric vehicle charging start-up, said has raised $13 million in a Series A funding round led by Lightspeed and attended by institutional investors.

India holds world's highest rate of recognising start-ups per day

Currently, there are 75,000 start-ups in the country, which coincides with the 75th year of independence

Indian start-ups' road to profitability

Indian startups are shedding the extra flab put on during the days of easy money. Layoffs and cost restructuring are the only way out for them now. They are shifting from growth to profitability now

EV firm River gets $11 mn in funding to set up manufacturing plant

Uber and Twitter investor Chris Sacca's fund backs Bengaluru-based company preparing its first electric scooter

Tiger Global and SoftBank trim investments in India by over a third in 2022

Start-ups feeling the heat, but funds like PremjiInvest increasing exposure