Page 33 - Startups

India's startup funding in 2022 double the pre-pandemic level: PwC

21 startups entered the unicorn club in 2022, highest from SaaS category

With $10.8 billion, Bengaluru top city on start-up funding in 2022: Report

There were 22 unicorns in 2022, compared to 46 in 2021, and average funding before the unicorn round was around $160 million

Startup movement picked up momentum in India: Union Minister Jitendra Singh

Union Minister Jitendra Singh on Thursday said the startup movement has picked up momentum in the country and led to the creation of over 80,000 startups, whose number was about 350 before 2014. Singh said that due to a push from Prime Minister Narendra Modi, the startup movement has picked up momentum in India. It has led to the creation of over 80,000 startups whose number was only about 350 before 2014, he said while speaking after inaugurating National Genome Editing and Training Centre (NGETC) at Mohali, Punjab. The Union Minister of State (Independent Charge) for Science and Technology and Earth Sciences also inaugurated a four-day International Conference on Food and Nutritional Security 2023: - iFANS. Singh said that agri-tech startup has an exclusive potential in India, and the concept needs more awareness by all the stakeholders in the country to become a success. While saying the startup movement has picked up momentum in India, the minister said this quantum jump in th

India-built public goods infra globally applicable: Satya Nadella

Microsoft chief praises country's digital public good infrastructure as 'great, important'

Govt to release norms to support startups' innovation in technical textiles

The government will soon release guidelines to support startups interested in undertaking research and innovation in the technical textiles segment and is contemplating a grant of up to Rs 50 lakh for approved proposals, a top official said on Thursday. Responding to a query by PTI, Secretary in the Textiles Ministry Rachna Shah said that she is hopeful that the norms will be unveiled in a month's time. "We would have an evaluation committee which would decide on approving grant for that, so the grant would be up to Rs 50 lakh, that is what we are looking at," Shah said. Hopefully within a month or so, we will be able to have the guidelines, she added. Addressing a press briefing, the secretary informed that the government is looking at measures to cut India's heavy import dependence on machinery and specialty fibre for the technical textiles sector.

ISRO, Microsoft join hands to empower spacetech startups in India

The space tech startups identified by ISRO will be on-boarded onto the aMicrosoft for Startups Founders Hub' platform, that supports startups at every stage of their journey-from idea to unicorn

Nexus Venture to raise $700 mn fund to bet on domestic, US tech startups

Nexus will invest the new funds in early stage funding rounds of Indian internet and technology startups, as well as U.S.-based software firms

LIVE: Media notices my T-shirt but ignores poor farmers, says Rahul

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With Advent Int on board, Tredence eyes $500 mn in revenue by 2026

Tredence is looking at Advent International to not only grow geographically but also support them in expanding into new verticals like healthcare, life inorganic sciences, and insurance

Tamil Nadu starts packages for green tech, rural impact, women-led startups

50% hike in grants for special-category startups; MentorTN portal to help budding startups reach out to established entrepreneurs, professionals and subject matter experts

What can India's consumer fintech look forward to in 2023?

An SBI report recently said that the use of UPI has jumped 70 times in the past four years. So, should there be charges on UPI fund transfers? And, did the fintech industry come of age in 2022?

A match not made in start-up heaven

The current turmoil in the start-up world isn't all about the so-called funding winter. A bigger problem is the chasm between the goals of founders and investors

'Fluff of high valuations' has settled for firms: Padmaja Ruparel

Entrepreneurial expectations have become more realistic, says co-founder of India's largest group of angel investors

VC funding in India down 30 per cent in 2022: Venture Intelligence

The funding of late and growth-stage startups slowed down as private market investors became more cautious amid rising interest rates and fears of recession

Startups selected in Accelerator prog to work on healthcare, agri solutions

15 startups selected in government's supported product accelerator programme for innovators developing solutions will soon start working towards solutions in healthcare, agriculture domains

Legal tech start-ups have raised $57 mn in funding since 2013: Report

Indian sector has more than 650 firms and is valued at $1.3 bn to be second biggest in the world

Hotels to tickets: Travel return fuels growth for online travel aggregators

EaseMyTrip, Airbnb and OYO among companies reporting steady growth in business as pandemic wanes

Mark Zuckerberg takes witness stand in FTC case against startup acquisition

Mark Zuckerberg, the CEO of Facebook parent company Meta, took the witness stand Tuesday in the FTC's effort to stop the tech giant from buying a virtual reality startup. At issue is whether Meta's acquisition of the small company that makes a VR fitness app called Supernatural will hurt competition in the emerging virtual reality market. If the deal is allowed to go through, the Federal Trade Commission argues, it would violate antitrust laws and dampen innovation, hurting consumers who may face higher prices and fewer options outside platforms controlled by Meta Platforms Inc. The case, expected to wrap up Tuesday, is being heard by U.S. District Judge Edward Davila, who also oversaw the trial of disgraced Theranos founder Elizabeth Holmes and her partner Ramesh Sunny Balwani. Both were sentenced to over a decade in prison for their roles in the company's blood-testing hoax.

Aquaculture startup Aquaconnect raises $15 million to expand business

Aquaconnect, an aquaculture platform, has raised USD 15 million (about Rs 120 crore) from investors to expand its business. The company raised this amount in a Series A funding round led by Lok Capital, with participation from Louis Dreyfus Company Ventures and Suneight Investment. Existing investors also participated in the round. Aquaconnect will use the fund to strengthen its portfolio of scalable solutions that use AI and satellite remote sensing and widen its service offerings in both the pre-harvest and post-harvest aquaculture value chain to input retailers, seafood buyers and other stakeholders, a company statement said. Currently, the company has a network of over 500 rural entrepreneurs, who provide last-mile assistance, serving over 90,000 fish and shrimp farmers. In July last year, Aquaconnect raised USD 4 million in a pre-Series A round. Aquaconnect uses satellite remote sensing and artificial intelligence to enable aquaculture farmers, retailers, and seafood buyers t

Hello Logistics sues Instacart founder Mehta for creating 'copycat' startup

Hello Logistics Inc., which operates under the name NextMed, sued Mehta, his business partner Tejasvi Singh, and their company Cloud Health Systems over allegations of misappropriation of trade secret