Page 21 - Start-ups

Covid impact: Women-founded tech startups see funding drop 24% in H1FY20

Amid Covid-19, funding for women-founded startups in India fell 24 per cent to $280 million in the first half of this year, compared to $369 million in the same period last year, said a new report

15% of start-ups have halted operations due to Covid-19 pandemic: Report

The impact of Covid-19 has been severe on the Indian start-up ecosystem during the lockdown as 15 per cent of start-ups have halted operations

The Paytm-Google controversy: What was the trigger? All you need to know

Business Standard's Peerzada Abrar explains in this podcast - the whole controversy between Paytm and Google and about the Google Play Store billing system

Google says 97% app developers already using Play Store billing system

Google said Play's billing system will not be required for apps that sell physical goods

India open to launching own app store as start-ups criticise Google: Report

Alphabet-owned Google also said this week that it will strictly enforce a policy which will levy a 30% commission on payments made within apps on its Android store.

Fashion start-up Ciceroni enters e-commerce with curated online pop-up

Branded 'Pari-Sangam', the pop-up will feature nearly a dozen labels in clothing, accessories and decor, as firm aims to reach out to the urban millennial

Two techies who use queue management systems to prevent crowding at stores

Dingg, which is awarded a grant under the government's CAWACH initiative, is growing massively as store-owners take measures to prevent over-crowding

Fantasy cricket gaming apps roll out slew of offers as IPL kicks off

Platforms bump up marketing spends ahead of League, indulge in aggressive marketing campaigns to onboard new users

Byju's acquires 3D virtual lab startup LabInApp to bolster edtech presence

With this, Bjyu's, which is currently valued at around $11 billion, has already acquired half a dozen apps in edtech platforms in a bid to become a super app in the edtech space

Move to scrap LTCG may unlock domestic funds, stem start-up exodus: experts

The proposal will also encourage domestic financial institutions to see start-ups as an alternative asset class that has been heavily dependent on foreign capital still now

Chiratae Ventures lines up 10-14 investments from Fund IV this year

Eyes edtech and e-gaming segments apart from core focus areas

MCA amends deposit rules for startups, extends exemptions up to 10 yrs

Earlier, the limits of total deposit from members did not apply to a startup for five years from date of its incorporation

3one4 Capital launches $100 million fund to back early-stage start-ups

Fund will be invested in about 30 start-ups in areas such as health, machine-driven intelligent services, edtech, agritech, and logistics with an average ticket size between $500,000 and $4 million

India gears up to grab a share of the AI market backed by govt support

However, many of the country's achievements in this space, such as development of the world's first neuromorphic chip that emulates the neurons and synapses in the brains, aren't well publicised

Start-ups to soon start getting capital from Uttar Pradesh Start-up Fund

The Uttar Pradesh Startup Fund is fast gaining traction and will soon start disbursing growth capital to the state-based entities. The fund has garnered interests from the country's leading alternative investment funds, including venture funds, a government spokesman said here on Friday. The spokesman added that SIDBI, the designated fund manager for the fund, has so far received four applications from AIFs for an aggregate amount of Rs 285 crore to create the initial corpus. The decision on these applications will soon be taken by SIDBI and the Startup Nodal Agency in its first Venture Capital Investment Committee (VCIC) meeting scheduled to be held this month, he said. The government has also released Rs 41 lakh to the Startup Nodal Agency to be disbursed to start-ups and incubators whose proposals were already approved by the Policy Implementation Committee (PIU), the spokesman said. He also added that the money will be disbursed to start-ups in the form of sustenance allowance

UP to promote start-up ventures of women, transgender entrepreneurs

The state has created a Rs 1,000 crore start-up fund to be managed by Sidbi

UP to set up Rs 150 cr start-up corpus fund with support from BHU, others

Under its new start-up policy the state govt aims to set up 100 incubators, with at least one in each district, including India's largest incubator in Lucknow

Uttar Pradesh MSMEs to get up to Rs 5 lakh aid under new start-up policy

MSMEs in Uttar Pradesh will get marketing assistance of up to Rs five lakh under a new start-up policy, a senior official said here Tuesday. New start-up policy 2020, aimed at extending support and encouragement to start-ups and incubation centres in Uttar Pradesh has been notified, said Additional Chief Secretary (Electronics and Information Technology) Alok Kumar. Under the new policy, there is a window of up to Rs 5 lakh as marketing assistance to MSMEs," he added. Kumar gave this information while addressing a virtual conference on "Role of Information Technology in transforming MSMEs' future during COVID-19", a PHDCCI release said. The conference had been organized by the Uttar Pradesh Chapter of PHD Chamber of Commerce and Industry. Kumar also said the Department of IT & Electronics is working hand in hand with SIDBI to facilitate venture capital funding for new start-ups and MSMEs. Focusing on the important role that IT is playing these days, Additional Chief Secretary, ..

Lumikai launches VC fund for gaming, interactive media start-ups

Lumikai, a venture capital firm focused on gaming and interactive media, on Monday announced a new early stage VC fund that will support up to 20 early-stage investments

BSE signs pact with Gujarat govt's iHub to help start-ups raise capital

Besides, the exchange will offer multiple benefits in terms of gaining visibility, branding, credibility and unlocking the value