Page 22 - Startups In India

India has 70,000 recognised start-ups: PM Modi at MP govt function

Under the new policy, start-ups would get subsidies towards rent and salaries of employees

HR tech startup Hono raises over Rs 38 cr in funding led by Aakash Chaudhry

Hono is looking to leverage the fresh corpus of funds to expand operations across India, the Middle East, and Southeast Asia, increase market footprint and strengthen its product offering

PM Modi to launch Madhya Pradesh govt's new startup policy on May 13

A host of incentives will be given to eligible early stage companies under the Madhya Pradesh government's Startup Policy and Implementation Plan-2022, an official said

Explained: Why India is adding unicorns at a slower pace than 2021

According to a recent survey by Iron Pillar Funds, India is set to have 250 unicorns by 2025

GenWorks Health secures Rs 135 cr from Morgan Stanley, Wipro GE and others

Funding will be leveraged to cover working capital needs, relevant M&A to invest in manufacturing tie-ups, and expansion in-vitro diagnostics

Food startups: Not all hunky-dory under Covid, not all bleak as it weakens

Not every enterprise Business Standard spoke to had it as good as Swiggy or Zomato, and some even saw their very business models at risk. But all feel the post pandemic era holds a lot of promise

We don't keep nominees on boards of firms we nurture: 100X.VC's Ninad Karpe

In a Q&A, the partner of the early-stage venture capital fund talks about the unique investment philosophy of 100X.VC, iSAFE Note and the Indian entrepreneurial ecosystem

India, Germany agree to work together with focus on AI, startups

India and Germany on Tuesday agreed to work together with focus on Artificial Intelligence (AI) startups as well as AI research and its application in sustainability and health care.

Fintech platfrom FidyPay partners Yes Bank to push financial inclusion

As part of the alliance, FidyPay will be enabling a seamless connected banking experience to Yes Bank's customers, it said in a release

Airtel buys 7% in cloud networking startup Cnergee Tech for undisclosed sum

Airtel has bought the stake at mutually agreed pre-money enterprise valuation but did not disclose the valuation due to reasons of confidentiality

Agritech startup raises Rs 29 cr from investors for growth and expansion

Poshn said in a statement that it has "raised Rs 28.8 crore in seed funding, led by Prime Venture Partners and participation from Zephyr Peacock"

Indian startup ecosystem gains global recognition: Ashwini Vaishnaw

Terming startups as "accelerators", he said the combination of their multiplier force along with the strength of a trusted post office network can yield phenomenal results

Transport tech firm Chalo acquires Vogo to improve bus ridership

Financial details of the deal of Chalo and Vogo, aimed to improve city mobility, were not disclosed.

Unicorn Ventures India leads seed round in food tech startup FairPlum

Fairplum works with the heritage food brands of India, taking dishes from their kitchens and making it available to consumers

Number of recognised startups in India rises to 65,861, says govt

He said that the recognised startups are spread across over 640 districts and have reported a creation of more than seven lakh jobs with an average of 11 jobs being created by them

India expected to have over 100 new unicorns in 2022: HDFC Securities

Accelerated funding activity is expected to create over 100 unicorns in India during 2022.

Licious raises $150 mn to invest in technology and strategic acquisitions

Present in raw and fresh meat and seafood, marinades and ready-to-eat categories, Licious said it is set to disrupt this highly underserved market.

Scaler buys edtech firm AppliedRoots for $50mn to expand online courses

Last year, Scaler acquired Coding Minutes and CodingElements, both online tutors.

Telangana most successful startup of independent India, says minister KTR

Telangana's Industries, Commerce, and Information Technology Minister KTR said Telangana was able to make tremendous progress with innovation in its policies, infrastructure and inclusive growth

How Budget 2022 gives a digital thrust to pandemic-stricken Indian economy

In Budget 2022, FM Nirmala Sitharaman laid an emphasis on digital technologies and start-ups cutting across sectors-from agriculture and education to post offices, banking and more