Page 8 - Startups

Budget 2025: Ed-tech sector seeks tax relief, funds for AI-driven education

The ed-tech sector is hoping for more AI adoption through tax reductions, specifically targeting AI-first ed-tech businesses, startups, and MSMEs

Captain Fresh seeks to disrupt $450 bn seafood market with technology

Following a strong financial performance, Captain Fresh is gearing up for its initial public offering (IPO) by the end of this year and is targeting revenue of $2 billion over the next two years

Science and tech minister hails role of glass industry in India's growth

Union minister Jitendra Singh on Monday praised the significance of the glass industry in driving India's future economic growth, while highlighting the need for enhanced collaboration and awareness among academics, R&D centres, and the private sector. Addressing the International Congress on Glass organised by CSIR-Central Glass and Ceramic Research Institute, the union minister of state for science and Technology and earth sciences stressed the growing importance of the recycling industry alongside manufacturing for sustainability. Glass is one sector which has a very high recyclability. The minister advocated for a "one institute one theme" approach to achieve better coordination and results. Singh also pushed for a campaign to raise public awareness about the glass industry's contributions to society. He further emphasised the need for greater collaboration between academic institutions, startups, and industry stakeholders to foster growth and innovation. Referring to the ...

DPIIT joins hands with Apna to boost startup hiring, job creation

The partnership aims to address hiring challenges and create job opportunities for young individuals while strengthening the startup ecosystem

Edtech firm BrightChamps acquires Edjust in a cash-and-stock deal

The firm said the acquisition is a strategy to enforce stricter standards and an industry-first model code of customer acquisition

National Startup Day 2025: Govt launches Bharat Startup Grand Challenge

The government aims to launch 75 similar challenges by the 2026 anniversary of the Startup India initiative

Budget 2025: Tax sops, investments in new tech on Indian startups wishlist

Industry body Nasscom has also called for the Centre to set up a dedicated fund to enable early-stage investments into tech startups between Series A and B rounds of fundraising

Spacetech startup OrbitAID raises $1.5 million in pre-seed funding round

OrbitAID plans to use the funds to conduct an in-space demonstration of docking and refuelling operations, expand facilities for on-orbit servicing operations

Accel, Binny Bansal, Majety back flying taxi venture Sarla Aviation

As urbanisation accelerates and traffic congestion worsens in Indian cities, Sarla envisions a future where Indians can bypass road-bound infrastructure and seamlessly live, work, and thrive

Over 2,000 startups in edtech sector shut shop in past five years

Edtech platforms, which experienced unprecedented growth during the pandemic-induced lockdown, are now grappling with a funding slowdown

At $1.9 billion, Fintech funding declines for third year in a row

The sector raised a high of $8.3 billion in 2021 across 665 funding rounds

TN thrives on AI in makeover to tech-driven economy, beat other states

Last week, the Government of Tamil Nadu announced the setting up of a 2 million square foot facility for AI in Coimbatore under the public-private partnership mode

DPIIT officials meet AIFs to promote capital mobilisation for startups

The meeting saw the participation of more than 70 AIFs, with discussions focused on capital mobilisation and promoting funding for startups in smaller cities

Lenskart gears up for IPO, aims to raise up to $1 bn from investors

Lenskart's revenue from operations rose by 43 per cent to Rs 5,427.7 crore in FY24, and due to cost-effective management, it controlled its losses by 84 per cent

Have a strong pipeline of companies preparing to go public: Accel

India is on track to become an $8 trillion economy in 10 years and this will translate into growth in public markets, say Barath Shankar Subramanian and Abhinav Chaturvedi, Partners at venture capital

Outlook 2025: Funding crash, layoffs shift edtech's focus on innovation

The ed-tech sector, however, was once referred to as the poster child of the country's startup landscape

CoinSwitch moves to acquire WazirX users offering Rs 600 cr in recovery aid

At present, CoinSwitch has a base of over 20 million users. The programme aims to target about 4 million users of the WazirX platform

Accel's $650 mn India fund to focus on AI, fintech startups, manufacturing

One of the opportunities identified by Accel under the consumer theme is 'Bharat', where startups cater to the top 30 per cent of households in India's Tier-2+ regions

Cricketer Ajinkya Rahane invests in tech startups Proxgy's Series A funding

Other key investors in the round include Zerodha co-founder Nikhil Kamath, film actor Suniel Shetty, industrialist Vinod Duggar and key investor Manish Patel

Semiconductor startup Mindgrove Technologies raises $8 mn Series A

Mindgrove's system-on-chips (SoCS) are built to be power-efficient and cost-effective for use in Internet of Things (IoT), vision and automobiles