Indian Startups

Google employing 'delaying tactics' and exploiting loopholes, say startups

Indian startups said that the company is using the same "playbook" it employed in Europe and South Korea

Indian startups move court to stop Google's new in-app billing system

The Alliance of Digital India Foundation (ADIF) last month asked India's antitrust regulator to investigate Google for devising a new system startups say still charges them a high service fee

Indian consumer tech sees huge value creation with $250 bn in valuation

The last five years have seen 4,351 consumer tech deals and $54 billion in deal flows in India, a new report has shown, adding that the Indian consumer tech space

Byju's lenders ready for loan restructuring but want $200 mn prepayment

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

Indian start-ups see apex tribunal's order against Google as a win

But fees charged by Google for app purchases remain a concern

GoMechanic Business acquired by a consortium led by Lifelong Group

According to sources, there is no clarity on what happens to the founders

India's start-up story remains robust

The ecosystem would experience rationalisation of valuations in the current period, with funding expected to gradually increase from Q3 2023-24

MeitY Startup Hub, Google to support 100 Indian early to mid-stage startups

About 50 per cent of the cohort comes from Tier 2 and Tier 3 cities, including Varanasi, Ernakulam, Surat, Dehradun, Allahabad, and many others

Govt's steps ensured Indian startups were not impacted by SVB: Vaishnaw

Immediate action by the government to help Indian startups in the aftermath of Silicon Valley Bank (SVB) collapse ensured they were not adversely impacted by the "minor crisis", Union Minister Ashwini Vaishnaw said on Monday. He also exhorted the entire startup community to think of the Indian banking sector as their trusted partner. Vaishnaw, Minister for IT and Communications, also noted the rapid strides taken by India in areas of Artificial Intelligence (AI) and quantum computing. Speaking at India Global Forum event, the Minister said while there was a time when India was only seen as a consumer of technology, today "many global developers like to have Indian start ups, entrepreneurs and academicians as their partners, as technology gets developed". "... In these two technologies, we would like use of Indian talent for developing solutions for India and for the world," he said. To a question on whether India can produce something equivant to ChatGPT, the Minister said "wait f

20 women-led startups in pipeline to become unicorn, finds a study

Around 18 per cent of India's unicorn startups are founded or co-founded by women and 20 other firms are in pipeline to become unicorn, a joint study said on Tuesday. The study conducted by TiE Delhi NCR, research firm Zinnov, Google, NetApp and venture capital firm Indian Angel Network found that despite comparable metrics, success, and high entrepreneurial intent, socio-cultural barriers hinder women founders' growth. "Approximately 18 per cent of India's total unicorns are founded by women, with 20 Potential Unicorns in the pipeline," the study said. The startups that are in the pipeline to become unicorns include WinZO, Doubtnut, Infinity Learn, Locus, Pratilipi, Portea, SirionLabs, etc. Women founded or co-founded start-ups that have already become unicorns include acko, BYJU's Pristyn Care, MyGlamm, MobiKwik, Open etc. The total valuation of unicorn built by women founders stands at over USD 30 billion and total equity investments raised by them is over USD 12 billion. The

As cost of capital rises, VC funding for new-age firms drops to $26 bn

The global economic downturn has made investors reconsider their commitments towards the deployment of capital into new-age firms

Top headlines: Russia still India's main arms supplier, SVB fallout

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Startup ecosystem witnessing robust growth, needs shift in mindset: CIEL HR

The start-up ecosystem is witnessing robust growth and needs a shift in the mindset, a study undertaken by city-based CIEL HR Services said on Tuesday. Women entrepreneurs continue to face challenges with Indian start-ups witnessing dynamic growth, it said. Launched ahead of the International Women's Day 2023, the study was conducted across women representing over 200 companies. The study has stated that women in an entrepreneurial role struggle to raise capital, face lack of professional networks and mentorship. CIEL HR Services managing director Aditya Narayan Mishra in a statement said, "the start-up and entrepreneurship ecosystem in India is witnessing robust growth. When we at CIEL took a closer look at the system with a gender lens, we discovered that with the progress the challenges have also scaled." "What the ecosystem needs immediately is a shift in mindset and that is evident in CIEL's study report. One of the recommendations is to promote entrepreneurship among student

Indian startups must tap $430 bn digital market in Southeast Asia: Report

The population of over 650 million and 70 million SMEs in Southeast Asia are rapidly becoming more affluent and digitally savvy, creating a high demand for innovative products and services

Soon, book a drone powered by PPP; pilot project set for take-off

States may provide a subsidy on the price that consumers have to pay for the service to make it more affordable

Google disobeying CCI orders blatantly: Digital start-up thinktank

The CCI in October 2022 directed Google to make significant changes to its Play Store policies after it found several anti-competitive practices on the platform

Unicorn club: From 1mg to InMobi, here're 100-plus start-ups in India

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

Through startups, Indian youth wants to become job creators: G Kishan Reddy

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

Climate tech start-up Ecozen raises $25 mn to expand beyond agriculture

The debt portion was provided by Maanaveeya Development and Finance, Oxyzo, Northern Arc group, HDFC Bank and Axis Bank