Page 24 - Startups In India

Maharashtra to launch Rs 200 cr fund to invest in women-led startups

Maharashtra will launch a Rs 200-crore fund to invest in deep tech startups from the state, which are preferably led by women and socially relevant, a senior official said on Friday.

India's 'bio economy' grew by 8 times in last 8 years, says PM Modi

India's 'bio economy' has grown eight times in the last eight years and has reached $80 bn from $10 bn, Prime Minister Modi said on Thursday

Angel platform IPV offers retail investors a play in startup funding space

Today Angel platform IPV has close to 7,000 investors, over 4,000 of whom actively invest in the Indian startup ecosystem. These investors, largely Indian diaspora, come from 48 countries

India's 101st unicorn: Edtech startup PW raises $100 mn in Series-A funding

Firm valued at $1.1 billion in funding round led by Westbridge and GSV Ventures

France woos Indian cos after topping attractive investment rank in Europe

France is wooing Indian companies, particularly startups, for investments after it topped for the third year in a row an EY survey on most attractive investment destinations in Europe.

Our competition is with the Silicon Valley: Karnataka CM Basavaraj Bommai

Silicon Valley in the US continues its reign as the world's pre-eminent startup ecosystem, according to experts

Sourav Ganguly joins hands with Noida-based edtech startup Classplus

Ending all speculations after sending a cryptic tweet, BCCI President Sourav Ganguly joined hands with Noida-based edtech startup Classplus to promote thousands of educators and content creators.

Bengaluru to host international conference for startups from June 2

An international conference for startups -- the India Global Innovation Summit (IGIC) -- will be held here from Thursday. The inaugural edition of IGIC is organised by strategic advisory firm Smadja & Smadja in a partnership with Karnataka Digital Economy Mission and the support of founding sponsors Catamaran Ventures and Tata Digital. The inaugural meeting will host more than 80 speakers from India and countries like Singapore, Israel, Switzerland, the US, Japan, Korea, and Germany, the organisers said in a statement. The two-day conference will have 22 sessions with more than 40 international speakers deliberating over themes relevant to entrepreneurs, innovators, and top venture capitalists, it said. Karnataka Chief Minister Basavaraj Bommai, is expected to join as the chief guest at the conference. Some of the other notable speakers include Karnataka IT Minister Dr. C N Ashwath Narayan, co-founder of Infosys Limited N R Narayana Murthy, and technology forecaster and ...

Ashneer Grover tells VC firms to 'right size' before advising startups

Ashneer Grover, co-founder and former managing director of fintech platform BharatPe, has advised venture capital and investment firms to first think about "right-sizing" themselves in the wake of current economic slowdown before telling their portfolio companies and startups to do so.

Start-ups in India created value, wealth even during pandemic: PM Modi

In his monthly 'Mann ki Baat' radio broadcast, the prime minister said that on the fifth of this month the number of unicorns in India reached the 100-mark

'Startup founders may find it difficult to raise funds in coming months'

With a capital crunch creeping into the market, startup founders may find it difficult to raise funds at attractive valuations in the coming months, according to industry players. During a joint programme with Meta, formerly known as Facebook, Kalaari Capital's Founder and Managing Director Vani Kola on Wednesday said that customers may defer their purchase decisions and startup founders will need to tighten up their belts and look for alternative opportunities for the business. "There is going to be a period where customers are going to delay certain kinds of decision making, but maybe there are other decisions that they make. I do think, and added to that liquidity that has overleveraged, funds in public markets will flow down ... While we only recently celebrated the 100th unicorn, any of those 100 unicorns today if they have to raise capital will perhaps get a haircut of 30 if not 50 per cent," Kola said. Kola said she has seen four to five financial downturns and whenever there

You can't raise cash to blow it up: Ronnie Screwvala on layoffs at unicorns

In a Q&A, the upGrad chief said it is a 'lame excuse' for founders for tech unicorns to blame the situation on factors like the war in Europe and funding crunch

Vedantu lays off 424 employees as it expects a scarcity of capital

Citing headwinds, CEO Vamsi Krishna says capital will be scarce in upcoming quarters

Byju's in talks to acquire US-based reading platform Epic: Report

Deal could help acquirer deepen US footprint. Epic's platform has 40,000 popular, high-quality books from 250-plus publishers. It aims to fuel curiosity and reading confidence in kids 12 and under

Indian edtech giant Byju's expands globally, launches Future School

Byju's Future School will be available in the US, UK, Australia, Brazil, Indonesia and Mexico in May and will progressively expand to more geographies in the near future

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