Page 6 - Startups In India

Google Cloud expands support for early-stage AI startups in India

Google said it has introduced the Emerging ISV Partner Springboard, a 12-week programme designed to supercharge growth for AI startups

ADDA to invest Rs 15 cr for expansion in India's society management market

Startup ADDA, which provides software solutions for management of housing societies, will invest Rs 15 crore over the next one year to expand its business in India, its co-founder and CEO San Banerjee said. Established in 2009, ADDA has clients in over 10 countries, including India, the US, the Middle East and Singapore. In India, ADDA has clients in around 80 cities. Its total client base in India exceeds 3,500 Communities. ADDA provides all features required for managing a housing society - visitor management, billing and collection of society dues, facility booking, assets and inventory, among others. There are several advanced features, including violation tracking and AI-powered community helpdesk. "We will be investing Rs 15 crore in India operations to expand our presence in the association's segment in the 7 major cities. The fund will also be used to onboard the developers segment that is more sensitised towards resident experience as well as post-sales automation in the ..

Zomato's CEO Deepinder Goyal launches health, wellness startup 'Continue'

Goyal, who has long expressed interest in health and wellness, has previously invested $10 million in Alpha Wave-backed Ultrahuman-a startup that makes health tracking wearables

Taming the unicorns: Attention to institution building is critical

As India's unicorns race to become decacorns, they must absorb the less glamorous sobriety of institution-building too

The quantum clock is ticking: Strong policy framework needed for India

India must urgently develop a robust policy framework for the adoption of quantum technologies to build on the initial successes achieved by its startups

Samantha Prabhu invests in wellness startup Secret Alchemist as co-founder

Aromatherapy-based wellness brand Secret Alchemist was founded in 2021 by Ankita Thadani and Akash Valia. The brand offers a range of products for holistic well-being

Top 5 private equity players invested $9 billion in in first half of 2024

The PE major has invested over $8 billion in the country through more than 30 deals, making it a force to reckon with. It has said it would invest around $5 billion this year in India

Indian startup funding dips 7% to $7.6 billion in first nine months of 2024

Funding rounds declined to 1,036 from 1,579 during the same period, according to data from market intelligence platform Tracxn's India Tech 9M 2024 report

One startup per district: Digital portal BHASKAR launched to push growth

Union Minister Piyush Goyal launched the BHASKAR portal to connect startups, investors, and service providers, a move aimed at pushing the Centre's efforts to promote the startup sector

Accel Atoms 4.0 applications for startups focusing 'Bharat', AI open today

Accel Atoms 4.0, the fourth cohort of global venture capital firm Accel's pre-seed scaling programme, is inviting applications starting Monday from promising startups in two categories - those building for Bharat' and those focused on Artificial Intelligence (AI). The application window closes on November 17, 2024. The company defines Bharat' as middle-income households spread across Tier 2, Tier 3 and rural India, which is estimated to be a USD 500 billion consumer market opportunity. The top 20 per cent of the rural population has a higher MPCE (monthly per capita expenditure) than about 50 per cent of the urban population. Accel believes multiple Indian unicorns will emerge from the 'Bharat' opportunity, the company said in a statement. A 'unicorn' in industry parlance refers to a privately held startup company that commands a valuation of over USD 1 billion. Through the three-month hybrid programme, pre-seed stage startups selected for Accel Atoms 4.0 will gain mentorship from

Unicorn India Ventures eyes a new chapter, aims to be a cross-border fund

Cross-border funds have their unique advantages: they allow funds to build strong connections in two countries and create a network that encompasses both regions

Large funding rounds over $100 million see resurgence among Indian startups

Investors focus on profitable growth as late-stage deals rebound in 2024

Swiggy appoints Amitesh Jha as CEO of grocery delivery arm Swiggy Instamart

Amitesh Jha previously worked with Flipkart for nearly 14 years before joining Swiggy's 10-minute delivery platform

KL Rahul invests in lifestyle brand 'Metaman' for new premium perfume range

The capital raised by the firm will be used for the launch and marketing of the fragrance range, set to hit the market on August 30

Cheap AI bots rapidly expand across India, transforming tech landscape

Startups may turn India into a proving ground for what could be the next frontier of generative AI products

Candytoy plans to raise 90 cr by diluting 10% stake at Rs 900-cr valuation

Candytoy Corporate, the manufacturer of candy toys for companies such as Colgate, Puma, MTR, Bournvita, Yellow Diamonds, Vistara Airlines and AirAsia among others, is aiming for around Rs 450 crore turnover by the next fiscal year, founder Director Gaurav Mirchandani has said. Moreover, to fund its growth plans, the Indore-based company has plans to raise 90 crore by divesting 10 per cent equity at a valuation of Rs 900 crore, he added. Besides, the bootstrap startup firm also plans to get listed on the stock exchange in the next three years, Mirchandani said. "We are diluting 10 per cent stake in the company through a VC. We are bringing Rs 90 crore which will be primarily invested this year to make sure that we are touching around Rs 400 crore to Rs 450 crore turnover by the next financial year," Mirchandani told PTI. Candytoy Corporate Pvt Ltd (CTC) had a turnover of around Rs 250 crore in FY 2023-24. "Now with 30 per cent y-o-y growth in orders for the last two years, we see t

Fintech firm Axio raises $20 million from Amazon Smbhav Venture Fund

Consumer finance company will use investment to scale up loan book and 'expand credit offerings'

Bluestone raises Rs 900 cr in pre-IPO round, valuation doubles to $970 mn

Rs 900 crore raised by Bluestone includes Rs 600 crore in primary capital infusion, while the remaining Rs 300 crore came from secondary share sales

Ather's $450 mn IPO: The next big spark in India's electric revolution

The move to go for an IPO is well timed as it comes on the heels of a successful debut in the stock market by its start up rival Ola Electric just few days ago when it raised Rs 5500 crore

E-commerce industry plans to hire in big numbers this festival season

Last year in October, Amazon India said it created more than 1,00,000 seasonal job opportunities across its operations network for the Indian festive season