Page 27 - Startups

Govt will take a call on who can access Indian datasets, says MoS IT

Programme will ensure Indian datasets help Indian startups and researchers build new applications; access to platform to be decided by govt

SVB crisis: CII bats for domestic financial ecosystem to support startups

With several domestic startups facing the heat due to the collapse of Silicon Valley Bank, CII President Sanjiv Bajaj on Monday said that India could look to create its own enabling financial ecosystem to support budding entrepreneurs. Talking about the startup sector, the CII President in an interview with PTI said it is an unusual sector where the normal banking parameters do not work. "It (startup sector) is a very high growth, it is very innovative, it is loss-making in the initial years. So, the normal banking parameters for lending don't really work. How do you create the right financial ecosystem in India to support startups because we are a startup nation," said Bajaj, who is also the Chairman and MD of Bajaj Finserv. Observing that India is the third largest startup ecosystem in the world, he said there is a need to encourage startups. "We have the entrepreneurial zeal, we have the technical capability and the enabling ecosystem for it, but finance is something that is ...

Startups hoping for quick resolution of SVB crisis post FDIC intervention

The joint statement from the US Treasury, Federal Reserve and Federal Deposit Insurance Corporation (FDIC) stating that depositors will have access to all of their money starting Monday, March 13 in connection with the Silicon Valley Bank (SVB) collapse has come as a relief to the startups who were exposed to the bank. Startups hope the crisis would now be resolved soon. "FDIC's communication yesterday saying all depositors will get access to their funds is a relief to the startup community, said Prabhu Ramachandran, CEO & Co-founder at Facilio, a property operations software provider. Facilio has significant exposure, as a major portion of the company's funds is with SVB. "But we expect the crisis to be resolved this week and we should get access to our funds. We have money outside SVB to cover 4-5 months of our operations. This gives us more than sufficient time for the crisis to be resolved, and for us to access our funds at SVB," Ramachandran said He added "while most SaaS

SVB Crisis: What led to the collapse of start-ups' favourite bank?

What is the Silicon Valley Bank? What led to its collapse? Will customers get their money back? How will SVB's collapse hurt start-ups? Will SVB collapse hurt Indian banks? Read to find the answers

HPS, Oaktree among firms pitching deals for trapped SVB deposits

According to the report, some are offering to buy claims on the deposits of SVB clients, including startups and publicly traded companies, at discounts of between 60 cents to 75 cents on the dollar

SVB fallout impact: Govts across globe stepping in to look for solution

Meity may meet advisory group on e-commerce and cyber laws; meanwhile US lawmakers rush to sell SVB assets and make portion of uninsured deposits available to account holders as early as Monday

Silicon Valley Bank fallout: Paying staff first challenge for start-ups

Y Combinator says over 100,000 jobs within its community at risk

Fallout from SVB collapse spreads around world from London to Singapore

Founders are warning that the bank's failure could wipe out startups around the world without government intervention

Inker Robotics secures $1.2 million funding under Kerala StartUp Mission

Kerala-based Inker Robotics, under the Kerala StartUp Mission, which deals with research and delivery in robotics and futuristic technology education, has secured a USD 1.2 million funding. The company has secured USD 1.2 million in a pre-series fundraising round headed by AHK Ventures, an early-stage venture capital firm. Inker Robotics, which aims to create an impact on the next generation by empowering them with education in emerging technologies, expects the funding to enable them to further enhance its training delivery platform to develop more engaging content in robotics and emerging technology education. "We believe that our platform with its immersive and engaging approach is an effective way to teach futuristic technology skills to the young generation. We are thrilled to have the support of our investors as we work to empower the next generation with the skills they need to make them future ready," Rahul Balachandran, the founder and MD of Inker Robotics said in a ...

Silicon Valley Bank jitters likely to be felt among Indian start-ups

The data from Tracxn also shows SVB has not made much investment after 2011

Silicon Valley Bank rocks California as founders join Napa vintners in fear

From wealthy founders to Napa vineyard owners, clients were scrambling to secure funds or find out basic information about what would happen to their deposits

SVB crisis sends jitters through startup world: Here's what we know

Santa Clara-based SVB Financial Group announced that it sold $21 billion of securities from its portfolio. SVB Financial Group also said it was holding a $2.25 billion share sale to shore up finances

Why is everyone talking about SVB? Here's all that you need to know

Events snowballed after Silicon Valley Bank announced a share sale to shore up its finances, following a significant loss on its portfolio

'Shockingly low' number of startups in Asia led by women, says JPMorgan

Women remain heavily under-represented at the top echelons in high-growth private businesses in the region, with only 848 of nearly 15,000 firms across the region led or founded by a woman

Google-backed startup unveils multilingual voice search technology

Slang Labs was co-founded in 2017 by founders who had earlier co-founded Little Eye Labs, the first and only Indian company to be acquired by Meta (Facebook)

Indian startups must tap $430 bn digital market in Southeast Asia: Report

The population of over 650 million and 70 million SMEs in Southeast Asia are rapidly becoming more affluent and digitally savvy, creating a high demand for innovative products and services

Small wonder: Startup cracks MF code with help from small banks

Fisdom among few fintechs to generate revenue through MF distribution

Google's non-compliance will hit us hard, lament leading Indian startups

Leading startups gathered under one roof to brainstorm on implications of Google's User Choice Billing system, saying Google's non-compliance with CCI orders will only harm the startup ecosystem

Great strides made but much room for improvement, say women entrepreneurs

Aside from factors such as social stigma, gender biases, insufficient capacity building and access to actionable knowledge, a pressing challenge for women entrepreneurs is access to capital, especiall

How Google sunsetting Optimize is an opportunity for Indian tech startups

With Google announcing the sunset clause, several players are gearing up to take its market share