Page 15 - Startups

Nandan Nilekani-backed people+ai partners with 24 tech organisations

It stands out as one of the select technology-driven consortia dedicated to addressing and facilitating large-scale computing access

Former BharatPe COO Bahl-led Eternal Capital launches Rs 120 crore VC fund

The fund has been uniquely structured to democratise and simplify access to early-stage institutional deals in start-ups

CII asks startups to keep their valuations 'as realistic as possible'

It further stated that the start-up should be maintained as a separate legal entity with the organisation's assets distinct from the founders' assets

Indian startup funding declines 3.1% to $2.3 billion in Q1 CY2024

The country saw the creation of two unicorns - companies valued at over $1 billion - during the quarter, namely Ola Krutrim and fintech Software as a Service (SaaS) firm Perfios

Startups want more funds, tax relief once the new govt takes office

Lack of significant funding, heavy tax deductions and import duties and red tape are some of the biggest hurdles that startups want the new government to address once it comes into power after polls

Transforming agriculture with drone tech: The rise of Thanos Technologies

The agricultural drones automate the hazardous task of pesticide spraying, thereby improving the lives of Indian farmers

Pine Labs' Setu names former SAP India executive Raisinghani as its CEO

He will work closely with Setu's co-founder Nikhil Kumar, the company said in a release

Defence space startups need boost from forces, industry to hit higher orbit

Armed forces personnel, space & defence industry heads and sector experts came together at Indian Space Association's Indian DefSpace Symposium 2024 to find ways to bolster defence-space capabilities

Google-backed Cropin launches AI tool to boost climate-smart agriculture

The Bengaluru-based company has launched 'akṣara', the agriculture sector's first purpose-built open-source Micro Language Model for climate-smart agriculture

B2B marketplace ProcMart raises $30 mn in series B funding from Fundamentum

The company is set to enter newer industries beyond MRO consumables such as Biofuel and packaging, expand its distribution network in India and strengthen international operations in Southeast Asia

Green shoots in private capex are visible: Assocham President Sanjay Nayar

Nayar talks about Assocham's priorities, pick up in private capex and the startup ecosystem

Income tax notices lead to stress among startups, executives and investors

The notices were served under Section 68 of the Income Tax Act. They have clubbed the investments made in the startups, along with the revenue, to calculate the tax, according to the sources

Layoffs by Indian tech startups dip 60% in Jan-March this year, says report

Tech startups let go of more than 2,000 workers in the first quarter as funding capital reduced

BS Manthan: Never had a funding winter, says Sanjeev Bikhchandani

The comment from Bikhchandani--who's sometimes referred to as the father of Indian startups-came in the backdrop of Indian startup funding hitting a seven-year low in 2023

Tech consultant LTIMindtree partners with Aforza to setup training academy

LTIMindtree Partners with Aforza to Setup Training Academy

Swiggy's executive exodus continues as vice president Karan Arora quits

The Vice President and Head of Supply Chain Management at Swiggy, Karan Arora, will join Convenio, an offline retail startup, as co-founder

EV-led delivery service firm Zypp Electric posts 3x revenue growth in FY24

Zypp Electric is now operationally profitable, the company claimed

'Tripling down on our India strategy,' says Jungle Ventures' Amit Anand

This includes partnering with founders to build high-growth, capital-efficient technology businesses, and supporting their growth from seed to unicorn, and IPO stage

Cricket commentator Harsha Bhogle invests in gaming startup Hitwicket

Bhogle is expected to help the company expand its global outreach to 50 million downloads within the next two years, from 5 million downloads currently

Audio streaming platform Pocket FM completes 1st ESOP buyback worth $8.3 mn

Pocket FM's valuation almost doubled after its latest funding round to about $750 million, up from $390 million when it previously raised $65 million in its Series C round in March 2022