Tech Start-ups

Maruti Suzuki picks up 8% stake in technology-led startup Ravity Software

Maruti Suzuki India on Friday said it has acquired around 8 per cent stake in technology-led startup Ravity Software Solutions, which specialises in providing connected mobility insights. The company has invested around Rs 2 crore in the startup for 7.84 per cent stake through Maruti Suzuki Innovation Fund. The auto major invests in startups through the Maruti Suzuki Innovation Fund, an initiative to undertake strategic investments in startups that exhibit high levels of innovation and potential to devise solutions relevant to the company's operations. This is the third investment under the fund with it having invested nearly Rs 2 crore each in Amlgo Labs in March 2024 and Sociograph Solutions in June 2022. "Startups are ideal partners as they bring agility, fresh thinking, and cutting-edge solutions, to support our goal of ensuring customer delight. Our investment in Ravity Software Solutions Private Limited will enable us to elevate customer experience through data-driven insight

SpaceTech startup ULOOK raises ₹19 crore from growX, InfoEdge Ventures

The funding will accelerate ULOOK's mission to build indigenous capability in radio-frequency intelligence, marking a decisive step toward strengthening India's technological sovereignty in space

Xbattery raises $2.3 mn seed funding led by Bipin Patel Family Office

Hyderabad-based deep-tech startup Xbattery has raised $2.3 mn in seed funding led by Bipin Patel Family Office to scale BharatBMS and strengthen India's EV and energy storage ecosystem

Rocket raises $15 mn Seed funding to fuel global app-building push

AI-powered app-builder Rocket secures $15 million Seed funding led by Salesforce Ventures and Accel, to expand globally with a new headquarters in North America

Sentient cofounder calls for viable and decentralised open-source AI

Tyagi is a professor at the Indian Institute of Science (IISc), Bengaluru, and cofounded $1.2 billion artificial intelligence (AI) startup Sentient

Udaan acquires retail technology startup ShopKirana ahead of IPO

Udaan has acquired ShopKirana in an all-stock deal, aiming to enhance its FMCG expertise, tech capabilities, and supply chain strengths as it prepares for an IPO in the coming years

ZEE enters into equity partnership with content, tech start-up Bullet

Leading broadcaster ZEE Entertainment Enterprises Ltd (ZEEL) on Monday said it has entered into a strategic equity partnership with Bullet, a new-age content & tech start-up. ZEEL did not share much details on the transactions, but said "it will invest/acquire stake in Bullet". Co-founded by entrepreneurs Azim Lalani and Saurabh Kushwah, Bullet has developed India's first micro-drama application focused on fast-paced, creator-driven content through short duration vertical format episodes targeted towards the younger audiences. "Bullet will be launched within the ZEE5 ecosystem, leveraging its strong user base by enabling access to high-quality, bite-sized entertainment directly through the platform," according to a joint statement. Moreover, to have a pan-India appeal, the application will be available across languages and will harness the company's rich content engine and repertoire of language content, it said. The application will cater to the evolving consumption habits of ...

India's tech startups worth $100 billion seen seeking IPOs by 2027

Young companies are now in better shape than in 2021 and 2022, when several startups that sought to capture India's booming capital markets cratered after listing at high valuations

Nexthop AI launches with $110 mn in funding led by Lightspeed Venture

The network has historically played a critical role in underpinning each wave of technology innovation, including mainframe to PC, client-server to cloud, and now the AI wave

Tech startups raise $2.5 bn, India ranks 3rd among top-funded geographies

According to the Tracxn Geo Quarterly India Tech Report, out of the $2.5 billion, three startups Erisha E Mobility, Darwinbox and Infra Market received funding of over $100 million each

Motive to hire hundreds as AI unicorns expand, follow Big Tech to India

Motive is among upstarts that are following major tech corporations like Meta and Microsoft into India, betting on one of world's deepest AI engineering pools to speed innovation

India's tech startup boom: Are policy tweaks needed to drive growth?

The success of UPI in India is a fascinating case study in the intersection of technology, policy, and socioeconomic factors

World's richest people lose $108 bn after tech startup DeepSeek selloff

Billionaires whose fortunes are linked to artificial intelligence were the biggest losers: Huang saw his fortune fall $20.1 billion, a 20 per cent drop

Astrome Tech raises $10 mn to accelerate wireless connectivity innovation

The company seeks to transform the communication landscape with advanced solutions for both ground and space-based networks

GalaxEye achieves breakthrough with first fusion of SAR and optical imagery

This first-of-its-kind integration of SAR and optical imagery addresses critical needs across sectors, including defence, agriculture, and disaster response

Sanlayan Tech buys Dexcel Elec to boost defence, aerospace innovation

Dexcel has contributed to major defence and space projects, including Jaguar and Sukhoi aircraft upgrades and ISRO's Chandrayaan-3 and Aditya-L1 missions

Industry, govt, academia collaboration in focus at Bengaluru Tech Summit

Biocon Chairperson Kiran Mazumdar-Shaw said efforts should be made to ensure the government becomes the first user of innovations from startups

IndusDC earmarks Rs 100 crore to co-build hard tech startups in India

The venture studio will identify technologies and lab stage ideas related to CO2 emission reduction primarily in the industrial and energy sector

Lack of skilled researchers, not funding, a bigger problem for AI startups

Anandan also said India had the largest number of STEM graduates. "We just need to make sure we invest in them over a period of time"

Bucking the trend: Indian startups regain lost funding ground, says report

After four consecutive half-year periods of decline in funding, H1CY24 has seen an upswing