Page 5 - Startups In India

Budget 2025: Govt proposes to extend startup incorporation till 2030

The government on Saturday proposed to extend the period of incorporation of eligible startups by five years for providing tax incentives, a move aimed at encouraging budding entrepreneurs. Eligible startups established before April 1, 2030, would get a tax incentive for three consecutive years out of ten years from incorporation. "We continue to support the Indian startup ecosystem. I propose to extend the period of incorporation by five years to allow the benefit available to startups which are incorporated before April 1, 2030," Finance Minister Nirmala Sitharaman in her Budget speech said. The move would help in providing greater liquidity for startups. Eligible start-ups can avail complete deduction of profit and gains for three consecutive years out of 10 years, beginning from the year of incorporation. The benefits under Section 80-IAC of the income tax law will help such enterprises improve their liquidity, cash availability, and work capital, boosting growth and productiv

India's investment in artificial intelligence startups remains weak

As for the unicorns, the country had only one unicorn in the previous year

First Indian startups selected for Indo-US defence programme: Investors

Indian investor Indusbridge Ventures and U.S.-based FedTech, which established the programme in September 2024, selected seven Indian companies and talks are underway about specific projects

National Startup Day 2025: Govt launches Bharat Startup Grand Challenge

The government aims to launch 75 similar challenges by the 2026 anniversary of the Startup India initiative

Startup India made country a vibrant startup hub, says PM Modi

Lauding 'Startup India' as a transformative programme, Prime Minister Narendra Modi said on its ninth anniversary on Thursday that the initiative has propelled India to become one of the largest and most vibrant startup ecosystems globally. It is a landmark initiative that has redefined innovation, entrepreneurship and growth, he said, describing the programme as "very close to my heart," as it has emerged as a powerful way of furthering youth empowerment. He said on X, "Over the past nine years, this transformative program has empowered countless youngsters, turning their innovative ideas into successful Startups." People would doubt India's ability to thrive in this system just a decade ago, he added. The prime minister said this "transformative" programme has empowered countless youngsters, turning their innovative ideas into successful startups. From tech-driven solutions to rural innovations, healthcare advancements to biotech breakthroughs, Fintech to EdTech, clean energy to

Spacetech startup OrbitAID raises $1.5 million in pre-seed funding round

OrbitAID plans to use the funds to conduct an in-space demonstration of docking and refuelling operations, expand facilities for on-orbit servicing operations

Have a strong pipeline of companies preparing to go public: Accel

India is on track to become an $8 trillion economy in 10 years and this will translate into growth in public markets, say Barath Shankar Subramanian and Abhinav Chaturvedi, Partners at venture capital

"I am rich and I have no idea what to do with my life," posts Loom founder

Vinay Hiremath, the co-founder of Loom, shared his mixed emotions and confusion following the $975 million sale of his startup in 2023

Open to suggestions to ease start-ups' return to India: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Friday said the ministry is open to ideas for making it easier for start-ups that want to change their domicile back to India from abroad. The ministry, he said, will discuss with the National Start-up Advisory Council and take feedback "if any steps are required to make their journey back easier. We are open to ideas". The council was set up first in 2020 and it advises the government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country to drive sustainable economic growth and generate large-scale employment opportunities. "It is a welcome sign and also very very satisfying that more and more start-ups come back home and register in India, list in India, and grow in India. India will be a preferred destination in the future," he told reporters here. Several start-ups had initially registered abroad for easy access to finance from international funds, enhanced valuations and relaxed ...

Thanks to India's IPO surge, seven entrepreneurs become billionaires

Saluja is one of the four entrepreneurs in the renewable energy space whose personal fortunes have soared after their companies listed on the stock exchanges last year

Mumbai-based start-up Manastu tests green propulsion system in space

Mumbai-based space start-up Manastu Space on Wednesday said it had successfully test-fired its home-built thruster Vyom 2U onboard the PSLV Orbital Experimental Module-4 (POEM), tiling the platform by 24 degrees and imparting angular velocity before the onboard systems regained control. The POEM-4 platform, comprising the fourth stage of the PSLV-C60 rocket that launched the SpaDeX satellites on Monday, has been placed in an orbit at an altitude of 350 kms where several ISRO labs, start-ups and educational institutions will carry out in-orbit experiments. "We test-fired our green propulsion system Vyom-2U onboard the POEM-4 on the New Year's eve," Manastu Space founder and CEO Tushar Jadhav told PTI. He said the 30-second firing of the thruster tilted the PSLV POEM-4 platform by 24 degrees, imparting an angular velocity of 0.5 deg per second before onboard systems seamlessly regained control. "Over the coming days, PSLV will perform multiple critical maneuvers, culminating in 500

Tamil Nadu achieves milestone with over 10,000 DPIIT-registered startups

Tamil Nadu has achieved a milestone by registering over 10,000 startups with the Department for Promotion of Industry and Internal Trade (DPIIT), under the Union Ministry of Commerce and Industry, the state government said on Sunday StartupTN has played a crucial role in nurturing the ecosystem by implementing various schemes and initiatives like funding programmes, mentorship opportunities and incubation support, StartupTN Mission Director and CEO Shivaraja Ramanathan said. The state's startup ecosystem has been 'thriving' with 9 regional hubs and a metro hub in Chennai, providing a robust infrastructure for budding entrepreneurs to grow, he said. "Tamil Nadu has achieved a remarkable milestone of 10,000 DPIIT registered startups, a significant jump from 2,300 in March 2021. This exponential growth can be attributed to the revival of StartupTN under the leadership of Chief Minister M K Stalin focusing on supporting startups and fostering innovation," Ramanathan said in a social med

Unicorn startups' headcount declines 6.7k in a year: PrivateCircle Research

Mumbai unicorns saw a net decrease of 7,024 employees. Pune and Hyderabad too recorded a decrease in their overall workforce numbers

As startups expand spacetech innovations for data, funds remain a concern

Spacetech startups are leveraging small satellites, cost-effective launch solutions, and the use of AI to introduce affordable technology that has a wide range of applications

Startup reimagines bank lockers with high-tech vaults in gated communities

Aurm, a Bengaluru-based firm brings technology equipped lockers to gated societies, offering 24/7 access, military-grade security, and even insurance coverage

Startup contribution to economy projected to reach $1 trillion by 2030

India's startup ecosystem, valued at over $349 billion, ranks third globally in unicorn count as of May 2024

MoS Jitendra Singh meets with institutional leaders on sidelines of IISF

Union Minister of State (Independent Charge) Jitendra Singh on Sunday called for strong StartUp-Industry linkage as the key to India's sustainable economic growth.He said this while addressing the Round Table of Institutional leaders from across the country on the sidelines of the India International Science Festival (IISF) 2024 here.The Round Table was attended by heads of all the important R & D institutes, Vice Chancellors of Universities and later joined by Industry leaders as well.In an address at the Round Table, the Minister emphasized the complete synergy of Research, Academia, StartUps and Industry to achieve the optimum goals. He underlined the pivotal role of science and innovation in driving India's journey towards becoming a developed nation, according to the Ministry of Science & Technology.Dr Jitendra Singh called for a strategic, collaborative approach involving academia, research institutions, and industry to tap into India's potential and push forward with

Q-com enablement firms pick up speed as D2C brands eye faster deliveries

As D2C brands embrace quick commerce for faster deliveries, logistics firms are scaling up operations and securing funding to meet rising demand in a rapidly growing market

Robotics, precision manufacturing hot bets for investors: Accel's Prakash

Accel's Prakash says India will become precision manufacturing powerhouse for aerospace and defence in next few years

Bengaluru Tech Summit unveils initiatives to support startups at all stages

One of the initiatives is Innovate Campus, which focuses on deep-tech innovations such as quantum AI, climate tech, and space tech