Page 23 - Startups In India

FitterFly raises $12 mn in series A funding led by Amazon Smbhav, Fireside

The funds raised will be used to increase Diabefly's reach, their digital therapeutics and clinically-proven programme to prevent, manage and reverse diabetes

First Cheque closes second fund at Rs 38 cr, plans to invest in 50 startups

First Cheque aims to be the earliest institutional capital available for founders and seeks to achieve this by investing at the pre-seed stage

Shiprocket buys Arvind's omnichannel unit in Rs 200 cr stock-and-cash deal

Companies aim to reduce delivery time and improve customer experience by combining their expertise

Funding in startups drops by 17% to USD 6 billion in April-June: Nasscom

Funding in startups dropped by 17 per cent on quarter-on-quarter basis to USD 6 billion (about Rs 47,800 crore) in the April-June period, industry body Nasscom has said

Swapping batteries: How India is moving ahead with adoption of EVs

Across the Indian capital's dense localities, battery swapping stations are becoming a frequent site at local provision stores and small retail outlets

Nearly 60 startups register with ISRO since opening of Indian space sector

Union Minister Jitendra Singh said that about 60 startups have registered with ISRO since the "unlocking" of the Indian Space sector recently by Prime Minister Narendra Modi, and quite a few of them are dealing with projects related to space debris managementThe other startups' proposals vary from nano-satellite, launch vehicles, ground systems, research etc.This was stated by the Union Minister of State (Independent Charge) Science & Technology; Minister of State (Independent Charge) Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh while speaking after inaugurating the "ISRO System for Safe and Sustainable Operation" (IS4OM) at ISRO Control Centre, in Bengaluru on Monday.Jitendra Singh recalled that only last month, Prime Minister Narendra Modi had, during the inauguration of IN-SPACe headquarters at Ahmedabad, said, "When the strength of government Space institutions and the passion of India's private sector will meet,

Google announces Startup School India for small-city entrepreneurs

Idea is to bring together investors, successful entrepreneurs and programmers that startups from smaller cities can to tap into and learn from the best; Google aims to tap at least 10,000 startups

StanPlus aiming under-10-minute arrival time for an ambulance in one year

Managing a fleet of close to 3,000 ambulances, StanPlus now claims to dispatch ambulances in under four minutes and reach the patient in under 15 minutes

Zetwerk buys Pinaka Aerospace to expand defence manufacturing business

Zetwerk has made two other acquisitions and the total value of all three deals is approximately Rs 100 crore

India will have 122 new unicorns in 4 years: Hurun Research report

In just one year, the number of such startups has increased by 65%

Shiprocket's logistics volume to grow 40% after Pickrr acquistion: CEO

Shiprocket is acquiring a majority stake in Pickrr for an estimated $200 million in cash, stock and earn-out

Proptech startup PropShare raises $47 mn from WestBridge Capital, others

Proptech startup PropShare has raised $47 million (around Rs 367 crore) from investors including WestBridge Capital to ramp up hiring, strengthen technology and offer more asset classes

Neil Armstrong gave pep talk to telecom executives in mid 1990s: Minister

Startup entrepreneurs should not get discouraged by detractors and should focus on their mission, said Rajeev Chandrasekhar, Union Minister of State

Sequoia India's Surge programme extends seed fund range up to $3 million

Surge startups have collectively raised over $1.5 billion in follow-on rounds

Blockchain startup Newrl eyes 10% tokenisation market share by 2023

A public blockchain for decentralised finance, Newrl has developed tokenisation-based equity solutions for unlisted companies offering ESOPs

Jitendra Singh urges J-K youth to avail unexplored StartUp avenues

Union Minister Jitendra Singh on Sunday said Jammu and Kashmir has a huge potential for StartUps in every sector and emphasized upon youth, men and women for availing unexplored StartUp avenues in the Union Territory.The minister was addressing the youth and women convention at Patnitop in Jammu on the theme '8 years of Modi Government for youth'."Because of the impetus given by Prime Minister Narendra Modi which began with his call for "StartUp India StandUp India" from the ramparts of Red Fort in 2015, the number of StartUps in India has grown to 70,000 from about 300 to 400 which is something to be cherished by the youth of J & K who want to have a career in different StartUps. This shows that the Start-Up ecosystem is going to determine India's future economy including that of Jammu and Kashmir and will act as a key pillar for the world economy as well," said Singh.The Union Minister maintained that the historic decisions taken by this government over the last 8 years are ...

Maruti Suzuki invests Rs 2 cr in AI startup Sociograph Solutions

The country's largest carmaker Maruti Suzuki India on Friday said it has invested around Rs 2 crore in Sociograph Solutions Pvt Ltd (SSPL), a startup specialising in artificial intelligence. The investment is part of the company's MAIL initiative to support startups with promising mobility solutions, Maruti Suzuki India Ltd (MSIL) said in a statement. The company plans to use the visual artificial intelligence (AI) platform of SSPL called Dave.AI, with an aim to enhance the digital sales experience of its customers, it added. "Our investment in SSPL demonstrates our resolve towards improving business metrics using contemporary technology," MSIL Managing Director & CEO Hisashi Takeuchi said. The company has undertaken the ambitious Mobility & Automobile Innovation Lab (MAIL) programme since 2019 to empower the mobility startup ecosystem in the country. The Maruti Suzuki Innovation Fund has been set up with an aim to invest in early-stage startups which are part of Maruti Suzuki

BlackBuck bounces back from Covid, reimagines its trucking business model

The Tiger Global and Sequoia-backed unicorn plans to deepen its reach from 100,000 villages currently to over 300,000 villages, and scale its existing businesses 3x by 2023

Railways to invest Rs 50 cr a year in startups; innovators to retain IPR

Indian Railways will invest more than Rs 50 crore annually to fund startups, Ashwini Vaishnaw said, adding that unlike other such collaborations, IPR for innovations will remain with the innovator.

HSBC India to lend $250 million to high-growth, tech-led startups

Foreign lender HSBC India on Monday announced that it will lend USD 250 million to startups in the country. The bank did not specify the timeframe for disbursal of the amount The lending will be done to high-growth, tech-led startups in the third largest startup ecosystem in the world, the lender said in a statement. The lending, which comes amid increased focus on startups' debt needs by financial intermediaries locally and a 'funding winter' impacting equity funding to the sector, will be managed by the lender's commercial banking vertical. The commercial banking vertical in India had witnessed a 42 per cent jump in its profit for 2021 at USD 265 million as against USD 187 million in the year ago period. Loans to small and medium enterprises tripled to USD 1 billion in 2021 as against USD 300 million in 2018, the bank said. "...we recognise the need for startups to access finance to support their growth ambitions and scale up their business. This segment is poised for significa