Page 2 - Startup India

udaan shipped over 260 mn products across 1000 cities of Bharat in 2021

In 2021, udaan witnessed a huge surge in business across essentials category adding over 300,000 new retailers and a repeat purchase rate of over 94 per cent.

Budget 2022: Govt allocates Rs 283.5 cr for Startup India Seed Fund Scheme

In April 2021, the government rolled out the Startup India Seed Fund Scheme (SISFS), which aims to provide financial assistance to start-ups

Tech start-up body writes to FM seeking crypto tax provisions in Budget

The letter lists nine recommendations to regulate crypto companies in the country

Betting early on multi-baggers: How Unicorn Ventures profit off start-ups

According to a PwC report, the Indian start-up ecosystem saw investments of over $10 billion in the third quarter of calendar 2021 from VCs

Nykaa founder Falguni Nayar's wealth tops $6.5 bn after firm's listing

She's become India's wealthiest self-made female billionaire, according to Bloomberg Billionaires Index.

Decoded: What are the various types of start-up investors?

You hear about various kinds of fundraising - angel investments, series A, B, C, and more. And then there also are incubators, accelerators, PE-VC investors, etc. How do these differ from one another?

GoKwik raises Rs 40 cr in pre-Series A round led by Matrix Partners India

The new investment will primarily be used for scaling up & establishing a footprint in MENA and SEA regions and hiring talent across tech, data, and product engineering

Plant protein startup Proeon raises funding to tap multibillion-dollar mkt

The plant-based proteins sector is projected to reach nearly $200 billion by 2027

Locad raises $4.9 mn in seed funding led by Sequoia Capital India's Surge

Locad is part of Surge's fifth cohort of 23 companies that have developed new digital solutions to help companies and individuals work, live and learn better

Fintech startup slice raises $20 mn from Gunosy, Blume Ventures and others

slice has also launched two new features, which, the firm said, makes the slice super card the best way for millennials and gen z to make payments.

E-commerce enabler Classplus raises $65 mn from Tiger Global, others

Educators use Classplus to streamline their communication, launch cohort-based live courses, manage student communities. The solution also helps them deliver live lessons, automate their daily tasks

Hyderabad-based startup aims to save lives with portable oxygenerator

Amid the shortage of medical oxygen in several parts of the country, the Hyderabad-based startup 'The Phi Factory' is aiming to save lives through its innovative and affordable portable oxygenerator

Startup India Seed Fund scheme will back domestic biz ideas: Piyush Goyal

The minister said often good ideas are bought out by international venture capitalists at throwaway prices

Govt sanctions over Rs 25,000 cr to 114,000 accounts under 'Stand-Up India'

Centre has sanctioned an amount of Rs 25,586 crore under the 'Stand-Up India' scheme to over 114,000 accounts up to March 23 since the inception of the scheme

Catamaran Ventures in talks to invest in B2B e-commerce platform Udaan

GMV is a term used in online retailing to indicate the Gross Merchandise Value of products sold through the marketplace over a certain period of time

Govt forms experts committee for Startup India Seed Fund Scheme

The government has constituted an experts advisory committee which will be responsible for the overall execution and monitoring of the Startup India Seed Fund Scheme

Amazon partners with Startup India, others to boost e-commerce exports

An accelerator programme to help early-stage startups is to be launched

PM Modi urges youngsters to attend Startup India International Summit

Prime Minister Narendra Modi has called upon youngsters to attend 'Prarambh', the Startup India international summit on January 15 and 16, saying it seeks to bring together top minds from industry, academia, investment, banking and finance besides young start up leaders. He also shared his LinkedIn post in which he noted that virtual interactions have become the new normal during the COVID-19 pandemic and said a big advantage of this is that people can be a part of programmes sitting at home. "With most events being held virtually, it has given a great opportunity for youngsters to be a part of many interesting domestic & global forums. One such opportunity is coming up in the form of Prarambh on 15-16 Jan. I urge our youth to be a part of it," Modi tweeted on Monday. Being indoors for the most of 2020 meant everyone had to alter their work styles, the prime minister noted and said work from home is in, so is greater adapting to technology. "For me, it meant more programmes ...

PhonePe hits 250 mn-user mark, registers 925 mn transactions in October

Flipkart-owned fintech platform PhonePe said it has crossed the 250 million-registered users milestone

Gujarat retains top spot in DPIIT's states start-up ecosystem rankings 2019

India has become the third-largest start-up ecosystem in the world with over 36,000 enterprises recognised under the Startup India initiative