Page 12 - Startups

Startups tackle loneliness with services for friendships and companionship

Studies show that loneliness transcends age, affecting everyone from the teenagers to the elderly

Softbank-backed InMobi raises $100 mn via debt financing agreement

The funds will be used to propel InMobi's artificial intelligence (AI) development and deployment efforts forward and fund potential AI-focused acquisitions

Origin starts Bengaluru operations, plans to raise $10 million funding

Origin introduces Omnichannel Pay, seamlessly integrating offline, online, and quick commerce delivery modes to cater to a diverse customer base

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

Best of BS Opinion: The right framework, private sector's space lift-off

Here is the best of Business Standard's opinion pieces for today

Entrepreneurship becomes the new frontier for freshers, shows study

Even as institutes offer dedicated entrepreneurship courses, they struggle to choose between promoting entrepreneurial skills or traditional employment paths

Google partners with Tamil Nadu to boost AI ecosystem, tech upskilling

Collaboration to boost AI startups, workforce skills, and MSME tech adoption

Peak XV-backed Kenko Health shuts down after running out of funds

Despite securing more than $13.7 million in funding from investors like Peak XV Partners, Orios Venture Partners, and Beenext, the health startups faced challenges securing key licences

Electric vehicle startup Rivian's production chief Fallon joins Stellantis

Fallon's exit comes at a time for Rivian, which is expanding its only facility in Normal, Illinois to produce the smaller and less expensive R2 SUV that many analysts see as critical to its success

Kitchen and personal care brand Beco raises $10 mn in pre-Series B round

Founded in 2019 by Aditya Ruia, Akshay Varma, and Anuj Ruia, the Mumbai-based company claims to have achieved 3x growth in the last year

EyeROV raises Rs 10 cr in pre-Series A round led by Unicorn India Ventures

In the financial year 2024, EyeROV secured multiple contracts domestically and internationally, expanding its reach through partnerships in India and the GCC region

PayU-backed Vayana raises $20.5 million in Series D funding round

The company said the fundraise saw participation from family offices such as Quantum State Investment Fund and Emerald Company

Will finalise guidelines for upgrading ITI scheme by September-end: Tiwari

He explains the idea behind the scheme and the challenges ahead

With GFF coming up, focus on bridging gap between regulators, fintechs

The three-day event comes at a time when the fintech sector, spanning areas such as digital payments, lending, insurance, and wealth, continues to expand in the country

Rapido enters unicorn club with $120 million round led by WestBridge

According to Entrackr's estimates, the company raised the funding at a post-money valuation of Rs 8,517 crore or a little over $1 billion

With no angel tax, startups and investors hope for better funding scenario

While the abolition of the angel tax is a big win for startups and their investors, the ecosystem is not out of the woods yet

Razorpay eyes $750 billion P2M payments by 2030, says CFO Arpit Chug

The startup, which is valued at over $7 billion, is intensifying its efforts to achieve profitability in all of its businesses and move its domicile to India, as it is planning an IPO in 2-3 years

Funding winter for startups may end with angel tax abolition: DPIIT Secy

A system of quarterly disbursement is in place for many sectors, except for few, such as food processing, where it is not feasible, he says

Union Budget 2024-25: Govt abolishes angel tax on startup funding

Capital gains tax rates between listed, unlisted equity aligned

Angel tax abolition significant milestone, will boost startups: IT Minister

The Union Budget announcement of the abolition of the angel tax is a significant milestone that will boost the startup ecosystem in India, IT Minister Ashwini Vaishnaw said on Tuesday. It is a "very good decision" and has been the biggest demand of deep tech startups, Vaishnaw said, adding that the move will spur investment in startups. "Angel tax has been a long-standing issue...deep tech startups had a major issue on how do you do valuation... that point has been addressed with its abolition," he said at a post-budget conference. The minister said India has taken big strides in domestic manufacturing of mobiles, laptops and servers, and the focus now is to encourage component manufacturing. The process of framing rules under the Data Protection Act (DPDP Act) is in the "advanced stage", he said, adding that "we will place rules for public and stakeholder consultation soon".