Indian Start-ups

This Standing Committee for Finance chaired by BJP MP Jayant Sinha has also called representatives of 'The Indian Private Equity and Venture Capital Association (IVCA)' to discuss the matter on Monday

15.79 per cent of these start-ups want to keep their headcount unchanged: FICCI - Randstad Start-up Hiring Trends Survey

The SVB collapse has alerted hundreds of Indian investment and tech companies. They came together to help each other and share knowledge to deal with the impact

The terms of reference for the committee include measures required to encourage the Indian fintech and startups domiciled abroad to relocate to GIFT IFSC

Indian startups had deposits worth about $1 billion with embattled Silicon Valley Bank and the country's deputy IT minister said he had suggested that local banks lend more to them going ahead

According to the Companies Act, Section 264 (4), the RoC has the authority to conduct an inquiry into the affairs of a company in line with directions from the Ministry of Corporate Affairs (MCA)

Members will be able to use their accounts only on two devices as companies aim to plug misuse

This can be attributed to investors lowering funding amid high volatility in global markets

Industry watchers believe that early-stage start-ups will bear most of the brunt, as the segment witnesses comparatively higher deviation in allotted share prices and FMV

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

Indian startups, which saw a massive 35 per cent drop in funding in 2022 -- from $37.2 bn in 2021 to $24.7-- are bracing themselves for a deepening funding winter in 2023 as recession fears loom

A year later as season 2 begins, start-ups that 'sharks' invested in vouch for marketing gains from it but only a few have raised funds subsequently

Thousands lost jobs amid deepening funding winter in 2022 as massive layoffs by the tech companies this year alone surpassed the levels from the Great Recession

Kerala's information technology hub Technopark has achieved a growth of Rs 1,274 crore in its IT export revenue compared to the last financial year, Chief Minister Pinarayi Vijayan has said. Technopark achieved an export revenue of Rs 9,775 crore in FY 2021-22, which is 15 per cent higher than the previous year. Last financial year (FY 20-21), Technopark's export revenue was Rs 8,501 crore, he said. In addition, the recognition by the Government of India for filing GST accurately and CRISIL (Credit Rating Information Service of India) rated A+/Stable till June 2023 were also remarkable achievements, the Chief Minister said. Vijayan, in a Facebook post on Thursday, said the IT hub is soaring to new heights and its achievements were the result of various schemes implemented by the LDF government to ensure the growth of IT parks in the southern state. "During the last one and half years, Technopark allotted office spaces to 78 companies covering an IT built up area of 2,68,301 sq. ft

The country is opening its gates to 500,000 migrants in each of the next three years, hoping a sizable number will be potential entrepreneurs

Nearly 58 per cent of the government-recognised start-ups are confined to just five states in the country

The success rate of startups in India is relatively higher than the rest of the world and there were 84,012 recognised startups in the country at the end of November, Union minister Piyush Goyal said on Wednesday. To boost the startup ecosystem, the government launched the Startup India initiative on January 16, 2016, and an action plan was also put in place. "Startups are prone to failures is a very high probability. Though I must say, the success rate of startups in India is relatively higher than the rest of the world...," the minister told the Lok Sabha during the Question Hour. The number of recognised startups has increased from 452 in 2016 to 84,012 as on November 30, 2022, the minister said. The Fund of Funds for Startups (FFS), Startup India Seed Fund Scheme (SISFS) and Credit Guarantee Scheme for Startups (CGSS) extend support to startups at various stages of their business cycle. The Startup India Seed Fund Scheme has been approved for four years starting from 2021-22 a

Mumbai-based We Founder Circle has in 23 months invested in more than 70 start-ups

As the funding winter deepens amid growing layoffs, India saw a massive 35 per cent drop in funding this year, from $37.2 billion in 2021 to $24.7 billion (till November in 2022)

The government is mulling exempting early stage startups from complying with norms under proposed Digital Personal Data Protection bill, an official source said. The exemption may be for a limited period to assist startups in developing their business models and to ensure that innovation is not stifled due to compliance burden. "Meity (Ministry of Electronics and Information Technology) is mulling to improve upon the bill to exempt early stage startups from the provisions of DPDP (Digital Personal Data Protection) bill. "This may be for a limited time period in cases where they may be doing some kind of data modelling etc to develop their solution," the source, who did not wish to be named, said. The draft DPDP has proposed exemption only for government notified data fiduciaries and data processing entities when it comes to data collection, data sharing, giving information around data processing etc. Last week, Minister of State for Electronics and IT Rajeev Chandrasekhar had sai