Page 44 - Startups

Indian AI-SaaS start-ups can create $500 bn of market value by 2030: Report

India's increasing role in the global AI market could create employment for around 4.5 million people, says a study by venture capital firm Stellaris and International Finance Corporation

Logistics start-up Xpressbees raises $300 mn to become 8th unicorn of 2022

There have been four unicorn fundraises this week (including Xpressbees)

Amazon India launches second season of start-up mentoring programme

The Global Selling Propel supports early-stage start-ups in the consumer products space to get into international markets.

Leadership coaching company Peakperformer raises $3mn in seed fund

The funds will be used for new markets, hiring talent and technology development.

Bugworks Research gets $18mn funding as it scales up clinical research

The Series B1 financing was led by Lightrock India

When founders need an 'Asoka moment'

Big tech has progressed humanity's most noble pursuits but has to grapple with destructive empathy deficit

B2B company Mintifi raises $40 mn in Series C funding to expand business

Mintifi works with over 100 leading brands that include Tata Motors, Bridgestone Tyres and Berger Paints for helping their supply chain

In-app gaming merchandising firm Rucept raises undisclosed seed fund

The company's products increase engagement, retention, and profitability for studios and creators.

Indian blockchain start-up Polygon bags $450 mn from Sequoia, Tiger Global

Polygon is an Ethereum scaling platform that enables developers to build scalable DApps (decentralised apps) with low transaction fees without sacrificing on security

Teenagers with out-of-the-box ideas tackling problems through start-ups

These young entrepreneurs are dispelling the myths associated with founders - that one has to be an engineer

Agritech startup EekiFoods raises $2 mn from Avaana Capital, others

It grows high-quality, residue-free Indian staple vegetables through its patent-pending Plant Growth System

Indirect Taxes: Union Budget 2022 is a transformative and progressive

The focus on India's startup ecosystem, the ease of doing business and green energy will shore up growth momentum and benefit multiple stakeholders.

States perfect their start-up pitch

The Delhi government is also rushing to prepare a start-up policy to promote new-age businesses

Direct Taxes: Budget doesn't touch slabs, offers relief to co-ops, startups

FM reduces MAT for cooperative societies to 15% from 18.5%, bring them on par with companies; relief for state govt staff, differently-abled persons

Industry, agri startups welcome Budget's focus on strengthening farm sector

The industry welcomed the Budget's focus on the agriculture sector, including developing infrastructure and expanding the role of technology.

Tech upskilling start-up Scaler completes $55-million funding

With this fresh round of funding, the total capital raised by Scaler Academy since January 2020 stands at $76.5 million with a valuation of $710 million

200 Indian startups to showcase business ideas, innovations at Expo 2020

Dubai Silicon Oasis (DSO) and India Innovation Hub on Monday announced a partnership with Indian online travel company EaseMyTrip and UK-headquartered investment banking company HSBC

Thrasio-styled venture UpScalio invests in home, gardening brand Truphe

Honey Gupta started Truphe in 2015. The brand has seen immense growth in the last few years, riding on the spike in customer interest in gardening, said the company.

Have not terminated services of any employee, says BharatPe Board

The Board said it remains committed to an independent and thorough audit process. It said no action has been taken or will be taken till the audit has been completed

Kissht raises Rs 100 cr in funding led by Trifecta Capital, Northern Arc

The company has so far raised over Rs 270 crore in equity and over 1,200 crore in debt investments.