Page 34 - Startups In India

Adar Poonawalla-backed startup h2e Power acquires Swiss company Hexis AG

The Viessmann Group is one of the largest integrators of heating systems in Europe

Battling Covid-19: Start-ups chip in to resolve India's ventilator crisis

Domestic firms are also sourcing ventilator parts from within the country to manufacture ventilators at a much lower cost

Before change in FDI rules, Chinese invested millions in Indian tech firms

Between January and April 2020, Chinese companies and US hedge funds raised their stakes in Byju's, Paytm and many other billion-dollar Indian technology companies

US-based Accel invests $2 mn in source-to-pay solution provider Aavenir

Aavenir's source-to-pay solution offers integrated products for contract lifecycle management, for sourcing management, and more

Robots to stethoscope: Institutes, start-ups develop tech to fight Covid-19

IIT Roorkee and Kanpur have developed low-cost portable ventilators

Hit by Covid-19 lockdown, start-ups and SMEs seek slew of sops from Govt

29,000 od participants in a survey offer a variety of responses, from one-time grants, to 50% staff pay reimbursements to two-year interest free loans

Shuttl plans salary cuts and lay-offs amid coronavirus lockdown

In mail to employees, co-founder and CEO Amit Singh stated that he and co-founder Deepanshu Malviya were taking a 50 per cent salary cut

Online lender Vivriti Capital raises Rs 350 cr in series B funding

The latest round takes total equity raised by the start-up to $100 million

Ixigo invests in gogoBus mobility startup, enters bus-booking segment

With this investment, Ixigo has entered the bus booking segment. Earlier, it had flight, trains, and hotels bookings. For gogoBus, this provides access to a ready user base.

Sequoia India leads $16 mn funding round in healthtech start-up Qure.ai

Qure.ai will use the capital to drive geographical expansion, expand product portfolio in two more areas

India's IT giants see product-led growth strategy as next big opportunity

Once seen as pure-play services players, Indian IT firms are slowly building up their own product and platforms in order to better serve their clients

Kuku FM raises $5.5 million from Vertex Ventures, Shunwei Capital

The deal comes in the background of growing popularity of audio platform, including local ones

PE, VC investments in India grew 28% to $48 billion in 2019, says EY data

Buyouts recorded the largest increase of 56 per cent in terms of value ($16.2 billion in 2019 against $10.4 billion in 2018)

Budget 2020: DPIIT seeks more funds to boost infrastructure in hinterland

The government had severely cut down on expenditure in this area, with the 2019-20 (FY20) Budget providing Rs 909 crore, down from the RE of Rs 1,707 crore in the earlier one.

Budget 2020: To support growth, govt may provide tax incentive to startups

The Department for Promotion of Industry and Internal Trade (DPIIT) has suggested several measures to the finance ministry for start-ups in the budget

Sachin Bansal's Navi Technologies buys software consulting firm MavenHive

The new asset will bolster Navi's technology and product development capabilities

Tech startups created over 60,000 direct jobs this year, says Nasscom

Overall, the IT sector employs 4.1 million people directly and 10.25 million indirectly

Budget 2020: Venture Capitals, startups seek budgetary aid in meet with FM

The Nasscom has also sought that IT and BPO firms should not be treated as financial intermediaries for the goods and services tax (GST).

How a 19-year old's dream to chase stars is helping fuel other kids' hopes

A 19-year-old physics undergrad student has started a venture that helps schools set up their own astronomy labs, writes Sneha Bhattacharjee

Fireside Ventures to invest in 20 start-ups in superfoods, fashion segments

The venture capital (VC) firm is planning to make around 18-20 investments via fund 2 in the range of $4-5 million in each portfolio company across Pre-Series A and Series A stages