Page 8 - Startups In India

Indian startup ecosystem gains global recognition: Ashwini Vaishnaw

Terming startups as "accelerators", he said the combination of their multiplier force along with the strength of a trusted post office network can yield phenomenal results

Transport tech firm Chalo acquires Vogo to improve bus ridership

Financial details of the deal of Chalo and Vogo, aimed to improve city mobility, were not disclosed.

Unicorn Ventures India leads seed round in food tech startup FairPlum

Fairplum works with the heritage food brands of India, taking dishes from their kitchens and making it available to consumers

Number of recognised startups in India rises to 65,861, says govt

He said that the recognised startups are spread across over 640 districts and have reported a creation of more than seven lakh jobs with an average of 11 jobs being created by them

India expected to have over 100 new unicorns in 2022: HDFC Securities

Accelerated funding activity is expected to create over 100 unicorns in India during 2022.

Licious raises $150 mn to invest in technology and strategic acquisitions

Present in raw and fresh meat and seafood, marinades and ready-to-eat categories, Licious said it is set to disrupt this highly underserved market.

Scaler buys edtech firm AppliedRoots for $50mn to expand online courses

Last year, Scaler acquired Coding Minutes and CodingElements, both online tutors.

Telangana most successful startup of independent India, says minister KTR

Telangana's Industries, Commerce, and Information Technology Minister KTR said Telangana was able to make tremendous progress with innovation in its policies, infrastructure and inclusive growth

How Budget 2022 gives a digital thrust to pandemic-stricken Indian economy

In Budget 2022, FM Nirmala Sitharaman laid an emphasis on digital technologies and start-ups cutting across sectors-from agriculture and education to post offices, banking and more

Growth School raises $5 mn led by Sequoia Capital and Owl Ventures

The startup plans to venture into newer markets and as part of that foray, also explore metaverse for education

Embedded finance start-up Falcon eyes $30 million revenue by March 2023

Full-stack issuance platform backed by a syndicate of global marquee investors

Over 2,250 startups added in 2021, raised $24.1 bn: Nasscom-Zinnov report

More than 2,250 startups were added in the year 2021, over 600 more than what was added in the previous year, a report by Nasscom and Zinnov said on Friday. The study titled 'Indian Tech Start-up Ecosystem: Year of The Titans' said with rising investor confidence, startups leveraging deep-tech, and tapping unexplored talent pool, the Indian tech startup base continues to witness steady growth. As per the report, startups raised USD 24.1 billion in 2021, a two-fold increase over pre-COVID levels. In comparison to 2020, there was a 3X increase in number of high-value deals (deals more than USD 100 million), demonstrating investor confidence with a pool of active angel investors of more than 2,400 and a readiness to take significant risks, it said. While the US remains the leading source of foreign direct investment in startups, worldwide involvement is also growing. About 50 per cent of the deals had at least one India-domiciled investor, it added. The report said the startup ecosys

Govt taking significant steps to boost startup ecosystem: Piyush Goyal

The government is taking significant steps such as resolving the angel tax issue, simplification of tax procedures, and self-certification, Commerce and Industry Minister Piyush Goyal said on Friday.

Why Indian drone startups are lagging behind in the fund-raising race

Industry players say that investors tend to shy away when the govt is the largest customer for a small company. But that is just the tip of the iceberg

India racing to 100 unicorns mark, National Start-up Day on Jan 16th: Modi

Prime Minister Narendra Modi interacted with over 150 start-ups today

January 16 to be celebrated as 'National Start-up Day': PM Modi

India is going to celebrate January 16 as "National Start-up Day", the Prime Minister's said on Saturday

Why VCs are backing newer EV start-ups despite the OATS phenomenon

Early-stage funding in the segment rose almost three times to $74 million in 2021 compared to the previous year

Diamonds in the dust: As we enter a new year, let's recall some positives

While some would just be happy that 2021 is coming to an end, T N Ninan lists six things - from sports to stock markets and entrepreneurial talent - that India could look to in the new year

Instoried's Sharmin Ali expects 2022 to be the year of 'empathetic content'

Instoried founder & chief executive Sharmin Ali shares the story of Instoried, the need for AI-driven content marketing and the use of NLP

Has 2021 been a watershed moment for India's e-commerce industry?

New forms of online distribution and business models like live commerce, quick commerce, group buying, WhatsApp commerce, dukaantech and D2C roll-up have made their mark this year