Start-up India

Bengaluru-based neo-bank platform 'Open' became India's 100th unicorn in May 2022

The funding winter and greater demands for accountability are encouraging promoters to step away from executive roles

The Department for Promotion of Industry and Internal Trade (DPIIT) is in the process of undertaking a third party assessment of Startup India Seed Fund Scheme to see its impact on the ground, a senior government official said on Friday. The Rs 945-crore scheme was launched in 2021. It aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialization. The fund was divided into four years for providing seed funding to eligible startups through eligible incubators across India. Joint Secretary in DPIIT Shruti Singh said though the department has received "good" feedback from incubators and startups on the scheme, "we are still doing a third party assessment so that somebody on ground can go and see". Over 85,000 startups have been registered with DPIIT, she told reporters here. Startup India was launched by the government on January 16, 2016. Under Startup India, to provide capital at various stages of t

While its rivals battled to stay afloat, PhysicsWallah has recorded consistent growth since the pandemic

Start-up that helps businesses manage their payments says it will not seek more funding this financial year

Company behind privately developed rocket is looking for investors, says its co-founder

Flags off Hall of Fame 2.0 with TiE Bhubaneswar

The funds raised will be put towards expanding the company's services across geographies, development of product offerings as well as technology

Founder and CEO of the Hiranandani Group Niranjan Hiranandani has made an investment in Goodfellows, a start-up offering senior citizens companionship

Cautious spending, reduced debt burden, and opting for gig work can help

Company offers services for car owner, has presence in 20 cities and caters to 150,000 customers

The firm now has an AUM of Rs 3,800 crore across its three debt funds, raised from domestic investors

Zenskar's flexible billing platform enables SaaS firms to handle usage-based pricing, subscriptions, nuanced discounts, credits, custom currencies, prepaid, post-paid, and ramp deals

Vikas Nahar's enterprise does Rs 40 cr a month on average, selling exotic and local nuts processed at 16,000 sq ft of processing space that he now plans to scale up by another 100,000 sq ft

The company will use the funds to expand its business in India and abroad. Powerplay said the value of construction managed on its platform from January to June 2022 is worth Rs 7,500 crore

Number of deals dropped by 17% sequentially, more than half were larger than $100 million each

Wheelocity will use the fund to build new products, expand its customer base and improve its fruits and vegetables supply chain

Total number of approved startups at 73,205; Maharashtra's share is 18%

Idea is to bring together investors, successful entrepreneurs and programmers that startups from smaller cities can to tap into and learn from the best; Google aims to tap at least 10,000 startups

Top performers among the larger states include Kerala, Maharashtra, Odisha and Telangana