Page 10 - Startups

TN thrives on AI in makeover to tech-driven economy, beat other states

Last week, the Government of Tamil Nadu announced the setting up of a 2 million square foot facility for AI in Coimbatore under the public-private partnership mode

DPIIT officials meet AIFs to promote capital mobilisation for startups

The meeting saw the participation of more than 70 AIFs, with discussions focused on capital mobilisation and promoting funding for startups in smaller cities

Lenskart gears up for IPO, aims to raise up to $1 bn from investors

Lenskart's revenue from operations rose by 43 per cent to Rs 5,427.7 crore in FY24, and due to cost-effective management, it controlled its losses by 84 per cent

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

Outlook 2025: Funding crash, layoffs shift edtech's focus on innovation

The ed-tech sector, however, was once referred to as the poster child of the country's startup landscape

CoinSwitch moves to acquire WazirX users offering Rs 600 cr in recovery aid

At present, CoinSwitch has a base of over 20 million users. The programme aims to target about 4 million users of the WazirX platform

Accel's $650 mn India fund to focus on AI, fintech startups, manufacturing

One of the opportunities identified by Accel under the consumer theme is 'Bharat', where startups cater to the top 30 per cent of households in India's Tier-2+ regions

Cricketer Ajinkya Rahane invests in tech startups Proxgy's Series A funding

Other key investors in the round include Zerodha co-founder Nikhil Kamath, film actor Suniel Shetty, industrialist Vinod Duggar and key investor Manish Patel

Semiconductor startup Mindgrove Technologies raises $8 mn Series A

Mindgrove's system-on-chips (SoCS) are built to be power-efficient and cost-effective for use in Internet of Things (IoT), vision and automobiles

Indian technology startup scene in 2024: More unicorns, more exits

Technology startups raised $11.3 billion, a six per cent increase from $10.7 billion raised in 2023

How Indian startups are charting new course in downstream space sector

Downstream sector uses space data for practical applications; is projected to be worth $610 bn by 2031

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

More jobs soon: Indian startups to boost hiring in 2025

After a tough period of layoffs, Indian startups are gearing up to ramp up hiring as the funding environment improves. According to a report, staffing firms expect a 20-30% hiring boost by 2025.

Exotel accelerates AI-led innovations to redefine customer experience

Exotel's expansion into high-growth markets like Saudi Arabia, UAE, and the USA is driving new revenue streams and the company said it is poised for strong growth in FY25

SolarSquare raises $40 million in series B funding from Lightspeed

Company plans to use the funding to expand its operations, hire talent, and for brand building

Food delivery aggregator Swiggy launches invite only membership, One BLCK

Available by invitation only, Swiggy One BLCK is offered at a launch price of Rs 299 for a three-month plan

Ex-ante norms have taken into account India's startup ecosystem: CCI chief

The draft Digital Competition Bill has proposed ex-ante (preventative) regulations requiring digital companies to notify the CCI that they fulfil the criteria to qualify as SSDEs

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

Stride Ventures announces surpassing $1 billion in venture debt commitments

The firm said this milestone cements Stride Ventures' leadership as the first Indian fund in this segment to achieve this scale. It has also launched $300 mn Fund IV