Page 3 - Start- Ups

Centre invites Big Tech, start-ups to discuss digital competition law

Big Tech companies have been asked to come separately on March 11 to make suggestions on the digital competition law

CynLr launches research hub for vision, intelligence and robotics

The hub is called Cybernetics H.I.V.E. and can accommodate 16 robot research cells

Street Signs: Nifty above 200-DMA, new-age start-up stocks, and more

NSE issued a list of 61 words brokers are barred from using misleading titles to offer client services they aren't permitted to

Startup GoMechanic announces turnaround in core business in January

Automobile after-sales service startup GoMechanic on Friday announced a turnaround in its core business in January. The company, which admitted to errors in financial reporting last month, said it serviced 30,000 vehicles last month, which is 70 per cent of the peak sales it achieved in July 2022. GoMechanic continues to see strong auto servicing volumes in most of its markets, with Delhi-NCR contributing the most, it said in a statement. Other top geographies are also showing good traction, sustaining the business on a month-on-month basis in terms of car servicing volumes, it added. It claimed that over 800 workshops remained active in the network. "The entire founding team remains focused on not just surmounting the formidable challenge before us but in ensuring a sustainable solution and not just a temporary quick fix," a GoMechanic spokesperson said. Besides recalibration on the business strategy front, the company took some painful but unavoidable decisions last month, the

Bike startups had boomed just before the bans rolled out in Mumbai, Delhi

Funding, number of new startups had both risen significantly since the pandemic began

Zomato launches home-style meal service 'Everyday' with home-chefs

Food delivery platform Zomato on Wednesday said it has launched 'Everyday', home-style meal service under which its food partners will collaborate with home-chefs. "Zomato Everyday will bring you closer to home by serving you meals that make you feel at home," company's Founder Deepinder Goyal said in a blog-post. "Our food partners collaborate with the home-chefs, who design each recipe with love and care to serve you home-styled, wholesome food at the best prices within minutes," he added. Goyal informed that Zomato Everyday is currently available in select areas of Gurugram only. "With fresh meals starting at only Rs 89, our customers can eat healthier and better daily," Goyal said.

Edtech startup NxtWave raises $33 mn, Greater Pacific Capital leads round

Nandan Desai, MD and Co-Head of India for GPC, to join NxtWave Board as part of deal; Existing investor Orios Venture Partners also invests in round

Fresher recruitment start-up GetWork raises Rs 7 cr in pre-series A funding

In March 2021, the platform had raised a seed round of Rs 2 crore led by Artha Venture Fund

Bengaluru aerospace ecosystem gives wings to startups to fly high

The medical team at Seppa in Arunachal Pradesh had been confronting the challenge of supplying medicines and vaccines in difficult terrains of the mountainous region but not anymore. Startup company Redwing Aerospace Labs in Bengaluru has developed an indigenously developed medical drone called 'Crane' which has been deployed in the frontier state in the northeast. The drone manufacturer is among many aerospace companies thriving in Bengaluru owing to the 'aerospace ecosystem' prevailing in the city. The ongoing Aero India-2023, which is the 14th edition of the biennial event in Bengaluru, gives a glimpse of the flourishing aerospace industry here as a significant number of stalls are occupied by city-based firms. Many aerospace firms here are not only supplying products and services to "biggies" such as Hindustan Aeronautics Limited, Indian Space Research Organisation, Defence Research and Development Organisation and Bharat Electronics Limited but also to several multinational ..

Karnataka startups, MSMEs make mark in Aero India with futuristic products

Some of them like NopoNano Technologies, are into producing single-walled carbon nanotubes with wide-ranging applications in aerospace are being manufactured in Bengaluru

Venture debt unperturbed by GoMechanic issues; 2023 a vital growth year

For investors, making a loss is part of business strategy, but for venture debt players, default is a risky proposition, yet, players in venture debt segment are unperturbed so far

G20-DIA: A worldwide initiative to integrate, accelerate digital start-ups

India's innovation capabilities have increased exponentially, putting the country at the 46th rank, according to the Global Innovation Index rank of world economies

Fundraising gets tougher, 2023 super challenging for startups: Report

Amid a deepening funding winter, only 53 per cent of startup founders had a positive fundraising experience (71 per cent of those who attempted to raise) in 2022, down from 92 per cent in 2021.

Rajasthan govt's iStart scheme is proving to be a boon for start-ups

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

India ranks third in world start-up ecosystem, says Anurag Thakur

Union Minister Anurag Singh Thakur on Saturday said India is now the hub of 'Start-up' ecosystem in the world, ranking third with 90,000 'Start-Ups' and 107 unicorn companies worth 30 billion dollars. The Minister for Information and Broadcasting, and Youth Affairs and Sports was speaking at the valedictory function of 36th Inter-University North Zone Youth Festival (Antarnaad) under the aegis of Association of Indian Universities (AIU) at the Jammu University. More than 1,000 participants from 18 universities across the country participated in the week-long festival. "India is now the hub of 'Start-up' ecosystem in the world, ranking third with 90,000 'Start-Ups' and 107 unicorn companies worth 30 billion dollars which has been possible only by the contribution of India's youth," the minister said. Thakur said the world is looking towards New India under Prime Minister Narendra Modi as India is now the biggest exporter of vaccines, biggest exporter of mobile phones and defence ...

Freightify raises $12 million in series A led by Sequoia Capital

Freightify helps power digital transformation of Freight forwarders through their suite of proprietary products

Union Budget 2023-24: FM Sitharaman extends tax benefits to start-ups

The allocation for start-ups in the Budget include Rs 160 crore under Startup India Seed Fund (SISF)

Budget 2023: Govt extends tax holiday for homegrown start-ups till Mar 2024

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

BharOS opens doors for OEMs, companies; already in talks with 8 entities

At present, BharOS is compatible with Google Pixel phones; it has no default applications, so users aren't forced to use apps they may not be familiar with or trust

Start-ups beyond the founders: 2023 seems to be the year of changing roles

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