Page 28 - Startups

Fibe crosses Rs 10,000 cr in loan disbursals, aims to double AUM every year

Launches upgraded app with conversational user interface as firm turns seven

Start-ups, news publishers likely to join digital competition law panel

"The whole idea behind the law is to protect the startups and small businesses from abuse of dominance of the big tech"

Unicorn club: From 1mg to InMobi, here're 100-plus start-ups in India

Bengaluru-based neo-bank platform 'Open' became India's 100th unicorn in May 2022

Scrut Automation raises $7.5 mn in funding round led by MassMutual Ventures

IT startup Scrut Automation, which specialises in Governance, Risk and Compliance (GRC) automation, has raised USD 7.5 million in a funding round led by MassMutual Ventures, a top company official said on Tuesday. Scrut Automation CEO and Co-Founder Aayush Ghosh Choudhury told PTI that the fresh round of funding took place at 4 times higher valuation compared to the last funding round a year ago when the company raised USD 3 million. Existing investors Lightspeed and Endiya Partners participated in the funding round to raise their stake in the company, Choudhury said. "We still have 40 per cent of the amount in the bank that we raised in last round. The fresh round of funding is more of strategic in nature," he said. The company will utilise the fund in product development as the company aspires to increase client base by 30-40 times by end of this year. "We at present have around 50 logos. Now we are looking to increase logos to 1,500- 2,000 by end of 2023," Choudhury said. The

Secure Blink bags seed funding from US-based venture capital firm

Secure Blink offersThreatspy, the SaaS platform which empowers developers and security engineers to secure their web applications and APIs proactively

Aero India 2023: Rajnath Singh lauds 'new energy' of defence start-ups

Innovation aided by Make in India that prioritised local procurement, says tech firm Zeus Numerix

MCA likely to include tech experts in digital competition law panel

Startups, meanwhile, have been concerned about non-representation on the government panel which many said was skewed in favour of the big tech firms

Shriram Finance employs 3,536 people in Q3 hiring drive, to add 1,000 in Q4

Total workforce up 10% so far in FY23; recruitment also driven by merger of group firms

New startups in Japan seek to challenge dominance of biggest chip maker

As Artificial Intelligence is replacing humans in the workplace, a Japanese startup is seeking to challenge the dominance of the world's biggest chip maker, NVIDIA, according to NHK World

EV startup Zypp Electric nabs $25M to hit 30 Indian cities by 2025

EV-as-a-service platform Zypp Electric on Wednesday announced raising funds of USD 25-million under series B funding from a clutch of investors, led by Gogoro. The round is a mix of equity and debt funding, with the USD 20-million equity round and USD 5-million debt for fleet expansion from global impact fund IIX along with a large national bank participating the same, the company said. This is also the first time global impact funds and Indian banks are participating in EV debt for any fleet operator or startup in the country, it added. Besides Gogoro, the latest funding round also witnessed participation from new and existing investors like Goodyear Ventures, 9Unicorns, WFC, Venture Catalysts, LetsVenture, IAN, Ivygrowth, Grip & other angels. In November last year, Gogoro and Zypp formed a strategic B2B partnership to accelerate the electric transformation of fleets and last mile deliveries in India. Under the pilot project, Zypp and Gogoro are deploying 100 ...

Indian startups fired 6,000 employees in third quarter, says report

This can be attributed to investors lowering funding amid high volatility in global markets

Tech-led startups mushroom across realty sub-segments in post-pandemic era

Number of proptech enterprises have grown at CAGR of 200% to over 1,400 in 2022, from just two in 2016, shows Anarock study

Rajasthan govt's iStart scheme is proving to be a boon for start-ups

Around Rs 4.15 crore has been given as subsidy to 83 start-ups, the official said

Budget 2023: 80,000 start-ups exempt from angel tax, says govt

The Union Budget 2023 on Wednesday proposed to extend the angel tax provisions to transactions involving foreign investors

Direct tax: Budget gives a blueprint for sustained high-growth trajectory

Presently, no TDS is required on interest payable in the case of listed dematerialised securities

Govt-recognised startups eligible for angel tax exemption: DPIIT Secy

More than 84,000 DPIIT-recognised start-ups in the country, data shows

Budget 2023 to give lot of support to India's startup ecosystem: Goyal

Measures announced in the Budget such as extending the period of incorporation of eligible budding entrepreneurs for providing tax incentives, would provide a lot of support to further strengthen the country's startup ecosystem, Commerce and Industry Minister Piyush Goyal has said. The government on Wednesday proposed to extend the period of incorporation of eligible startups by one more year till March 31, 2024, for providing tax incentives to encourage budding entrepreneurs. Finance Minister Nirmala Sitharaman has also proposed to ease norms for startups by extending the benefit of carrying forward losses to 10 years. Goyal said that the government has consistently been supporting the startup ecosystem and since the launch of the startup India initiative, the country has had significant growth in the startup arena. "So my sense is that this (Budget) will certainly give a lot of support and help to the startup ecosystem so that it flourishes in the years to come," the minister tol

Budget 2023: Govt extends tax holiday for homegrown start-ups till Mar 2024

The tax holiday scheme was earlier available for startups incorporated till March 31, 2023

Launch of 'Innovation Bridge' to connect US, Indian defence startups

The two sides discussed opportunities for greater cooperation in critical and emerging technologies, co-development and coproduction, and ways to deepen connectivity across our innovation ecosystems

Through startups, Indian youth wants to become job creators: G Kishan Reddy

G Kishan Reddy also spoke about the various initiatives taken by the Government in fostering a vibrant innovation and start-up ecosystem