Page 58 - Startups

Small venture capital funds making a beeline for startups: Report

Investments into the startup ecosystem by micro venture capital funds (investments under 30 million) have jumped manifold to USD 341 million in the past three years

Goal-setting co Ally.io raises $50 mn from Greenoaks, Tiger Global, others

At a time when the pandemic has accelerated the adoption of technology among enterprises, Ally.io grew revenues by 3.3x.

Startup founders must aim to create institutions, not just valuations: PM

Modi on Wednesday urged India's startup founders to think how to create institutions and not focus on valuations alone

Tonbo bags multi-million-dollar deal for indigenising Indian missiles

Night-vision startup, which is backed by investors such as Artiman and Qualcomm, has an overall sales pipeline of over $2.5 bn with a near-term execution visibility of $300 mn

Venture capital starts 2021 with a bang after record Q4: Goldman

The 130% surge in year-to-date funding was led by Robinhood, Cruise Automation, Lalamove, Didi Cargo and Databricks, which cumulatively have raised over $9.4 billion

Iron Pillar leads $5 mn funding round in no-code automation company Ushur

Ushur uses natural-language processing and no-code automation to deliver 'digital first' customer experience solutions for industries like insurance, finance and healthcare

Agnikul Cosmos fires a single-piece fully 3D printed rocket engine

This is a unique rocket engine because it has been made as a single component in one run of the printer, and has zero assembled parts

Unicorn VerSe Innovation raises another $100 mn from global investors

The DailyHunt and Josh parent is now valued at $1.1 billion

Holistic plan needed to spur domestic funding for startups: Nasscom

Startup ecosystem will fuel innovation for India and help create sustainable jobs, and a holistic plan needs to be worked out to spur domestic funding for startups, a top Nasscom official

Manufacturing startup Zetwerk raises $120 mn to scale global operations

Its global network includes over 250 customers and more than 2,000 suppliers spread across 15 countries in North America, Asia-Pacific and West Asia

An impact analysis: Decoding the changes in rules and regulations in Budget

The Budget proposes to strengthen the NCLT framework with e-Courts system

Startup ecosystem can become India's growth engine in long run: Eco Survey

Indian startup ecosystem, which defied odds during a pandemic-hit year to create record 12 unicorns, has the potential to be the engine of growth in the medium to long run, the Economic Survey said

Ahmedabad startup Matter to launch EV two-wheelers in Q4 of Calendar 2021

Designed to cater to the mass adoption market, the vehicles will be eligible for FAME-II subsidies

Indian startups attract $10.14 bn in funding in 2020, says report

Indian startups are estimated to have received USD 10.14 billion in funding across more than 1,200 deals in 2020 despite the COVID crisis, a report by consulting firm HexGn said.

With talk of an IPO in the air, Falguni Nayar shares her Nykaa journey

Beauty, Nykaa's founder Falguni Nayar realised, is a very long-tailed business and with e-commerce picking up in India, it seemed like a good idea to venture into

Instamojo onboards more than 50% new recruits from Tier 2 and 3 towns

The fintech firm announced work from home as a permanent feature in the days ahead. The recent hiring cycle saw new hires from Tier II and III towns such as Krishnagiri, Kolar, Dehradun and Sitapur

Best of BS Opinion: Start-up's flights of fancy, powering mobility & more

Here's a selection of Business Standard opinion pieces for the day

Start-up's flights of fancy

India's first home-grown messenger app Hike shut down and vanished from app stores on Monday

Amazon's accelerator scheme to help Indian startups create global brands

The e-commerce giant has launched Amazon Global Selling Propel (AGSP), an initiative designed to provide dedicated support to emerging Indian brands and startups to reach customers the world over

Udaan plans to grab 10-15% of overall B2B retail market in the next 7 years

The B2B market (excluding industrial goods) stands at $780 billion and on an annualised basis, Udaan has already clocked up $2.4 billion in gross merchandising value