Page 24 - Startups

MeitY likely to announce financial support for design start-ups on Friday

The roadshows aim at stimulating the next-generation semiconductor designers

Start-up registrations near 100K-mark, no. of new ventures up since Covid

Top 5 sectors, including IT services, and health care, account for third of registered start-ups

Merge, acquire, survive: Startups on consolidation route as funding slows

49 M&A deals in the first quarter of 2023 already as consolidation continues in the ecosystem

Retail tech firm Ace Turtle raises Rs 293 cr from Vertex, others

Start-up will use the funds to recruit talent and for business growth

Big plans lined up for start-ups under 'iStart Rajasthan' initiative

Rajasthan has around 3,490 registered start-ups, including 795 in rural areas

Thanks to funding crunch, India has not seen a new unicorn in over 6 months

This is the longest drought since August 2016 when it took 17 months for India to come up with a new unicorn

Attrition in IT firms to go back to pre-pandemic levels by October: Experts

In their Q4 results, two of the three IT majors in India, TCS, and Infosys, showed that high attrition was still a problem

Let start-ups live

Govt must review angel tax

India retains third spot as a unicorn hub, shows Hurun report

The report also mentioned that India and China produce more offshore unicorns than any other country

CFOs in demand at startups amid funding winter, profitability woes

An increasing number of tech companies and startups are scouting for experts ranging from CFO's to industry executives to manage financial affairs and corporate governance amid a funding winter

Indian fintech start-up funding falls 55% YoY in Q1 2023, says report

India was still the second-highest funded "geography" in the world, behind the US, in Q1 2023

Number of startups rose to 90,000 in nine years, says Ashwini Vaishnaw

Union minister Ashwini Vaishnaw on Thursday said that in the last nine years, the number of startups in the country increased to 90,000 due to promotion of the startup culture by the Modi government. He said the central government is trying to make Rajasthan the first IT hub of the country but it is possible when the state government also cooperates on this front, according to a release. The minister was speaking at the inauguration of Software Technology Parks of India (STPI) centre here. To meet the growing needs of IT industry and entrepreneurship in the state, STPI has set up an incubation facility at Sitapura Industrial Area. He said that setting up of the STPI centre in Jaipur would help in making Rajasthan an electronics manufacturing hub. Jaipur MP Ramcharan Bohra, mayor of Jaipur Greater Municipal Corporation Somya Gurjar and others were also present.

Canara Bank forms separate vertical for start-ups; to open 5 branches

The lender is planning to open five start-up-specific branches in the current financial year

DPIIT to raise startups' concerns on 'fair market value' with FinMin

Startups have raised concerns with the industry department that the calculation of the startups' fair market value done internationally is different from the income tax department

Indian startups move court to stop Google's new in-app billing system

The Alliance of Digital India Foundation (ADIF) last month asked India's antitrust regulator to investigate Google for devising a new system startups say still charges them a high service fee

IBA reaching out to start-ups for funding needs, says DPIIT official

Only DPIIT-registered start-ups are eligible for funding under various support schemes of the industry department

The start-up India policy is brainchild of PM Modi: Union Min Sonowal

"This will surely promote innovation and entrepreneurship. Through this policy, MoPSW wants to enable start-ups to grow and prosper through innovations," he added

Lightspeed backs workspace startup 'OfficeBanao' with $6 mn in funding

The firm transforms the entire office development experience using technology with an end-to-end solution across stages of design, procurement, and execution

VCs focusing more on due diligence amid startup funding slowdown: Report

According to data by Venture Intelligence, the aggregate venture funding fell from $11.34 billion between January and March 2022 to $2.19 billion in the same period this year

Why India's education technology start-ups are in the deep freeze

They will continue to tread on thin ice amid a long funding winter unless they fundamentally revise their business models