Page 13 - Startups

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".

Spiritual eCommerce Brand Japam Closes Friends & Family Round and Sets Sights on Seed Funding

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Boon raises $5 mn in funding from Spanish Roca Group Ventures, others

Water technology startup Boon has raised USD 5 million, (around Rs 42 crore) in a mix of equity and debt funding round, the company said on Wednesday. The funding was led by Spanish Roca Group Ventures, and Roca Group's Venturing Fund, among others. It is the first-ever investment from Roca in a startup in India, according to the statement. Roca has earlier acquired Parryware in India in 2008. Co-founded by IIT Kanpur alumnus Vibha Tripathi and PennState alumnus Advait Kumar in 2015, Boon helps purifiers to monitor the quality of every single drop of water with app-based quality adjustments. Boon uses its patented technologies as predictive filter maintenance using AI. ***** *Ninecamp Ventures raises USD 2 mn Food and beverage firm Ninecamp Ventures has raised USD 2 million (about Rs 16 crore) in a funding round from angel and non-institutional investors. The funding round witnessed participation from a cohort of esteemed investors, including Mohit Gupta, Gaurav Gupta (Former

On its 3rd anniversary, Zepto logs highest-ever order volume at 750k

As part of a special marketing campaign, Zepto partnered with several brands for giveaways to as many as 800,000 consumers

ADIF, PHDCCI sign agreement to boost Indian startup, innovation ecosystem

Industry bodies Alliance of Digital India Foundation (ADIF) and PHD Chamber of Commerce & Industry (PHDCCI) have signed a two-year agreement to foster the Indian startup and innovation ecosystem. The two-year memorandum of understanding (MoU), signed at PHD house New Delhi office, seeks to create an environment that fosters independent thinking and cultivates groundbreaking ideas across various sectors of the Indian economy. ADIF associate director Prateek Jain said the alliance is a crucial step to democratise India's digital entrepreneurship landscape. "This MoU goes beyond conventional support mechanisms and focuses on architecting a holistic ecosystem that nurtures innovation at every stage of a startup's journey. By leveraging PHDCCI's vast industry connections and our digital expertise, we are laying the groundwork for unprecedented growth and innovation in India's startup scene," Jain said. The initiative will involve workshops, training sessions, and seminars designed to ..

IndusDC earmarks Rs 100 crore to co-build hard tech startups in India

The venture studio will identify technologies and lab stage ideas related to CO2 emission reduction primarily in the industrial and energy sector

AMD and IIT-B join hands to support semiconductor startups in India

The startups will work on devising ways to significantly reduce the energy consumption utilised by conventional neural networks

Union Budget 2024: Here's what startups, investors expect from Modi 3.0

Expectations rise for investments, simplified tax norms, and sectoral support

Lonely dead pool club: Shutdowns fall 99.8%, startups face a zombie threat

While founders have now become more prudent, there are firms that continue to burn cash to survive and may soon end up in the dead pool once their runway ends

Cash-flush quick-commerce unicorn Zepto loads up talent cart ahead of IPO

Ahead of its public listing, Zepto plans to ramp up hiring, aiming to add between 400 and 500 employees, focusing on engineering, product, category, growth, and marketing roles

Investors pour $27.1 billion into AI startups, defying a downturn

Now, the AI boom that started in late 2022, has become the strongest counterpoint to the broader startup downturn