Startups In India

Godrej Consumer Products Limited (GCPL) on Saturday said they will invest Rs 100 crore in Early Spring, a new Rs 300 crore early-stage consumer fund being set up by Spring Marketing Capital (Spring).

Byju's has volunteered to raise the interest rate for the loan by about 200 basis points (bps), but it has not agreed to the prepayment clause so far

People working at these firms have witnessed their colleagues being shown the door. Many have left on their own or are looking for options

Union Minister of State for Electronics and IT, Rajeev Chandrasekhar, on Tuesday interacted with over 100 startups and venture capitalists (VCs), and assured them that the Narendra Modi government

Banks need a multi-pronged strategy to boost presence in start-up ecosystem following SVB's collapse, say experts

Investors are starting to realise that new-age companies are a completely different animal

The Nasscom report reflects on the rising presence of women in Indian start-up ecosystem

Innovation aided by Make in India that prioritised local procurement, says tech firm Zeus Numerix

This expertise is what helped India become the third nation to have 100 unicorns, including the 24 that emerged in 2022

As many as 86,713 startups have been recognised by the government as on December 31, 2022, Parliament was informed on Wednesday. These startups are eligible to avail fiscal incentives under the Startup India action plan of the government. "As a result of sustained government efforts, the number of recognized startups has increased from 445 in 2016 to 86,713 in 2022 (as on December 31, 2022)," Minister of State for Commerce and Industry Som Parkash said in a written reply to the Lok Sabha. In a separate reply, he said in the UT of Ladakh, 1,006 industrial units have been established with total investment of Rs 122.71 crore after bifurcation of erstwhile Jammu & Kashmir state. On the other hand, Jammu & Kashmir has received investment proposals worth Rs 26,650.49 crore.

Only 38% of them expect higher pace of hiring, mostly in early-stage companies

Around Rs 4.15 crore has been given as subsidy to 83 start-ups, the official said

The tax holiday scheme was earlier available for startups incorporated till March 31, 2023

G Kishan Reddy also spoke about the various initiatives taken by the Government in fostering a vibrant innovation and start-up ecosystem

Suggests simplifying tax layers, capital flow procedures like those in the US, Singapore

The government is expected to announce in the forthcoming Budget steps to further strengthen the startup ecosystem in the country and address inverted duty issues in certain sectors to promote domestic manufacturing, official sources said. Fiscal incentives under the production linked incentive (PLI) scheme to some more sectors are also likely to be announced in the Budget, which will be presented on February 1. Besides, the government may consider providing funds to infrastructure projects approved by the Network Planning Group (NPG), constituted under the PM Gati Shakti initiative, they said. On October 13 last year, Prime Minister Narendra Modi launched the Gati Shakti - National Master Plan aimed at developing integrated infrastructure to reduce logistics costs. The NPG has representations from various connectivity infrastructure ministries/ departments involving their heads of network planning division for unified planning and integration of the proposals. All these departmen

India has great talent, but it needs to do more to nurture and build an ecosystem for entrepreneurship, the CEO of a top science body in the US has said. Indian-American Maya Ajmera, who is president and CEO of Society for Science, and the publisher of its award-winning magazine, Science News, made these comments on Wednesday after five Indian-American teenagers featured among 40 finalists of a prestigious science and maths competition for high school seniors in the US. Ajmera said that while India has great talent, it needs to do more to nurture and build an ecosystem for entrepreneurship. What has been interesting for me is the number of young South Asian Americans or Indian-Americans, applying and doing extraordinary research, but also being in our top 40 (of the finals of the prestigious Regeneron Science Talent Search), Ajmera told PTI in an interview. The finalists of this competition were chosen based on their projects' scientific rigour and their potential to become ...

Struggling with drying investment, dealing with cost cutting, the sector hopes Budget eases the pain

The Indian startup story has moved away from being just about raising funds

Leading global and domestic institutions and family offices, including HDFC Life and SIDBI, participated in the fund