Page 6 - Startups In India

Google announces Startup School India for small-city entrepreneurs

Idea is to bring together investors, successful entrepreneurs and programmers that startups from smaller cities can to tap into and learn from the best; Google aims to tap at least 10,000 startups

StanPlus aiming under-10-minute arrival time for an ambulance in one year

Managing a fleet of close to 3,000 ambulances, StanPlus now claims to dispatch ambulances in under four minutes and reach the patient in under 15 minutes

Zetwerk buys Pinaka Aerospace to expand defence manufacturing business

Zetwerk has made two other acquisitions and the total value of all three deals is approximately Rs 100 crore

India will have 122 new unicorns in 4 years: Hurun Research report

In just one year, the number of such startups has increased by 65%

Shiprocket's logistics volume to grow 40% after Pickrr acquistion: CEO

Shiprocket is acquiring a majority stake in Pickrr for an estimated $200 million in cash, stock and earn-out

Proptech startup PropShare raises $47 mn from WestBridge Capital, others

Proptech startup PropShare has raised $47 million (around Rs 367 crore) from investors including WestBridge Capital to ramp up hiring, strengthen technology and offer more asset classes

Neil Armstrong gave pep talk to telecom executives in mid 1990s: Minister

Startup entrepreneurs should not get discouraged by detractors and should focus on their mission, said Rajeev Chandrasekhar, Union Minister of State

Sequoia India's Surge programme extends seed fund range up to $3 million

Surge startups have collectively raised over $1.5 billion in follow-on rounds

Blockchain startup Newrl eyes 10% tokenisation market share by 2023

A public blockchain for decentralised finance, Newrl has developed tokenisation-based equity solutions for unlisted companies offering ESOPs

Jitendra Singh urges J-K youth to avail unexplored StartUp avenues

Union Minister Jitendra Singh on Sunday said Jammu and Kashmir has a huge potential for StartUps in every sector and emphasized upon youth, men and women for availing unexplored StartUp avenues in the Union Territory.The minister was addressing the youth and women convention at Patnitop in Jammu on the theme '8 years of Modi Government for youth'."Because of the impetus given by Prime Minister Narendra Modi which began with his call for "StartUp India StandUp India" from the ramparts of Red Fort in 2015, the number of StartUps in India has grown to 70,000 from about 300 to 400 which is something to be cherished by the youth of J & K who want to have a career in different StartUps. This shows that the Start-Up ecosystem is going to determine India's future economy including that of Jammu and Kashmir and will act as a key pillar for the world economy as well," said Singh.The Union Minister maintained that the historic decisions taken by this government over the last 8 years are ...

Maruti Suzuki invests Rs 2 cr in AI startup Sociograph Solutions

The country's largest carmaker Maruti Suzuki India on Friday said it has invested around Rs 2 crore in Sociograph Solutions Pvt Ltd (SSPL), a startup specialising in artificial intelligence. The investment is part of the company's MAIL initiative to support startups with promising mobility solutions, Maruti Suzuki India Ltd (MSIL) said in a statement. The company plans to use the visual artificial intelligence (AI) platform of SSPL called Dave.AI, with an aim to enhance the digital sales experience of its customers, it added. "Our investment in SSPL demonstrates our resolve towards improving business metrics using contemporary technology," MSIL Managing Director & CEO Hisashi Takeuchi said. The company has undertaken the ambitious Mobility & Automobile Innovation Lab (MAIL) programme since 2019 to empower the mobility startup ecosystem in the country. The Maruti Suzuki Innovation Fund has been set up with an aim to invest in early-stage startups which are part of Maruti Suzuki

BlackBuck bounces back from Covid, reimagines its trucking business model

The Tiger Global and Sequoia-backed unicorn plans to deepen its reach from 100,000 villages currently to over 300,000 villages, and scale its existing businesses 3x by 2023

Railways to invest Rs 50 cr a year in startups; innovators to retain IPR

Indian Railways will invest more than Rs 50 crore annually to fund startups, Ashwini Vaishnaw said, adding that unlike other such collaborations, IPR for innovations will remain with the innovator.

HSBC India to lend $250 million to high-growth, tech-led startups

Foreign lender HSBC India on Monday announced that it will lend USD 250 million to startups in the country. The bank did not specify the timeframe for disbursal of the amount The lending will be done to high-growth, tech-led startups in the third largest startup ecosystem in the world, the lender said in a statement. The lending, which comes amid increased focus on startups' debt needs by financial intermediaries locally and a 'funding winter' impacting equity funding to the sector, will be managed by the lender's commercial banking vertical. The commercial banking vertical in India had witnessed a 42 per cent jump in its profit for 2021 at USD 265 million as against USD 187 million in the year ago period. Loans to small and medium enterprises tripled to USD 1 billion in 2021 as against USD 300 million in 2018, the bank said. "...we recognise the need for startups to access finance to support their growth ambitions and scale up their business. This segment is poised for significa

Maharashtra to launch Rs 200 cr fund to invest in women-led startups

Maharashtra will launch a Rs 200-crore fund to invest in deep tech startups from the state, which are preferably led by women and socially relevant, a senior official said on Friday.

India's 'bio economy' grew by 8 times in last 8 years, says PM Modi

India's 'bio economy' has grown eight times in the last eight years and has reached $80 bn from $10 bn, Prime Minister Modi said on Thursday

Angel platform IPV offers retail investors a play in startup funding space

Today Angel platform IPV has close to 7,000 investors, over 4,000 of whom actively invest in the Indian startup ecosystem. These investors, largely Indian diaspora, come from 48 countries

India's 101st unicorn: Edtech startup PW raises $100 mn in Series-A funding

Firm valued at $1.1 billion in funding round led by Westbridge and GSV Ventures

France woos Indian cos after topping attractive investment rank in Europe

France is wooing Indian companies, particularly startups, for investments after it topped for the third year in a row an EY survey on most attractive investment destinations in Europe.

Our competition is with the Silicon Valley: Karnataka CM Basavaraj Bommai

Silicon Valley in the US continues its reign as the world's pre-eminent startup ecosystem, according to experts