Page 34 - Startups

Fractal Growth Partners eyes $250 mn fund to invest in Indian tech startups

"It's targeting investments of $10 million to $15 million per target company and plans to close the investments in about five years"

Startup VilCart raises $18 mn from investors to expand operations

VilCart, the rural economy-focused technology startup, has raised USD 18 million (Rs 144 crore) from investors to expand operations. The company raised this amount in a Series A funding round led by Asia Impact SA. Nabventures Fund and Texterity Pvt Ltd also participated in the round, VilCart said in a statement. With the use of this fund, VilCart aims to expand its operations to the entire South India by 2024. VilCart, which was established in 2018 by Prasanna Kumar and Amith S Mali, seeks to revolutionise the rural unorganised retail industry with technology by providing quality products at a competitive price to every rural household with modern supply chain and logistic facilities. The startup has established numerous private labels to utilise the established supply chain network and provide quality products to the rural population. Currently, VilCart has reached 85,000 kirana stores in 30,000 villages, covering 29 districts in Karnataka and one each in Andhra Pradesh and Tam

China saw the steepest fall in funding activity among global peers in 2022

India saw the second-highest fall in funding activity, down 33 per cent in 2022 from 2021, says Tracxn

Indian startup funding dropped by 33%, may become normal after 2-3 quarters

Many startups are using this time to tighten operating models and optimise their cash runway by deferring discretionary spends and investments

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

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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