Page 4 - Startups

MCA likely to include tech experts in digital competition law panel

Startups, meanwhile, have been concerned about non-representation on the government panel which many said was skewed in favour of the big tech firms

Shriram Finance employs 3,536 people in Q3 hiring drive, to add 1,000 in Q4

Total workforce up 10% so far in FY23; recruitment also driven by merger of group firms

New startups in Japan seek to challenge dominance of biggest chip maker

As Artificial Intelligence is replacing humans in the workplace, a Japanese startup is seeking to challenge the dominance of the world's biggest chip maker, NVIDIA, according to NHK World

EV startup Zypp Electric nabs $25M to hit 30 Indian cities by 2025

EV-as-a-service platform Zypp Electric on Wednesday announced raising funds of USD 25-million under series B funding from a clutch of investors, led by Gogoro. The round is a mix of equity and debt funding, with the USD 20-million equity round and USD 5-million debt for fleet expansion from global impact fund IIX along with a large national bank participating the same, the company said. This is also the first time global impact funds and Indian banks are participating in EV debt for any fleet operator or startup in the country, it added. Besides Gogoro, the latest funding round also witnessed participation from new and existing investors like Goodyear Ventures, 9Unicorns, WFC, Venture Catalysts, LetsVenture, IAN, Ivygrowth, Grip & other angels. In November last year, Gogoro and Zypp formed a strategic B2B partnership to accelerate the electric transformation of fleets and last mile deliveries in India. Under the pilot project, Zypp and Gogoro are deploying 100 ...

Indian startups fired 6,000 employees in third quarter, says report

This can be attributed to investors lowering funding amid high volatility in global markets

Tech-led startups mushroom across realty sub-segments in post-pandemic era

Number of proptech enterprises have grown at CAGR of 200% to over 1,400 in 2022, from just two in 2016, shows Anarock study

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

Budget 2023: 80,000 start-ups exempt from angel tax, says govt

The Union Budget 2023 on Wednesday proposed to extend the angel tax provisions to transactions involving foreign investors

Direct tax: Budget gives a blueprint for sustained high-growth trajectory

Presently, no TDS is required on interest payable in the case of listed dematerialised securities

Govt-recognised startups eligible for angel tax exemption: DPIIT Secy

More than 84,000 DPIIT-recognised start-ups in the country, data shows

Budget 2023 to give lot of support to India's startup ecosystem: Goyal

Measures announced in the Budget such as extending the period of incorporation of eligible budding entrepreneurs for providing tax incentives, would provide a lot of support to further strengthen the country's startup ecosystem, Commerce and Industry Minister Piyush Goyal has said. The government on Wednesday proposed to extend the period of incorporation of eligible startups by one more year till March 31, 2024, for providing tax incentives to encourage budding entrepreneurs. Finance Minister Nirmala Sitharaman has also proposed to ease norms for startups by extending the benefit of carrying forward losses to 10 years. Goyal said that the government has consistently been supporting the startup ecosystem and since the launch of the startup India initiative, the country has had significant growth in the startup arena. "So my sense is that this (Budget) will certainly give a lot of support and help to the startup ecosystem so that it flourishes in the years to come," the minister tol

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

Launch of 'Innovation Bridge' to connect US, Indian defence startups

The two sides discussed opportunities for greater cooperation in critical and emerging technologies, co-development and coproduction, and ways to deepen connectivity across our innovation ecosystems

Through startups, Indian youth wants to become job creators: G Kishan Reddy

G Kishan Reddy also spoke about the various initiatives taken by the Government in fostering a vibrant innovation and start-up ecosystem

Economic Survey: Start-up jobs increase 6x even as funding declines

Tracxn data shows that investments in domestic start-ups declined by 38.8% to $25.8 bn in 2022

How Tiger-backed Geniemode is building powerhouse for world fashion players

Their firm, Geniemode, today has over 250 suppliers in India and Bangladesh to serve some of the biggest names in fashion globally

Physics Wallah plans to hire 2,500 employees across verticals by March

Unicorn edtech firm Physics Wallah plans to hire 2,500 employees in the ongoing quarter across different roles, the company said on Monday. The development comes at a time when massive lay-offs have been announced by several edtech companies including Byju's, Unacademy, Vedantu, FrontRow etc in the past one year. "The hiring spree is aligned with the brand's ambitious growth goals as it continues to provide top-of-the-line learning opportunities to students. The new positions opened up at PW cut across different roles and responsibilities," PW said in a statement. The company at present has built a team of 6,500 employees, including over 2,000 teachers and educational experts. Physics Wallah said that it is hiring faculty members as well as professionals for allied roles like business analysts, data analysts, counsellors, operations managers, batch managers, teachers, and many more. "PW is a growing family and it brings us joy to see more students relying on our platform to learn

Piyush Goyal calls for creation of network to strengthen start-up ecosystem

The Union Minister was addressing the inaugural session of the Inception Meeting of the Startup 20 Engagement Group of G20 in Hyderabad

US venture capitalists hope Budget 2023 supports growth, startup ecosystem

US venture capital firms investing in India are expecting the Union Budget 2023 to support the growth and development of the startup ecosystem in the country, according to a top investor. Union Finance Minister Nirmala Sitharaman is scheduled to table the Union Budget for the financial year 2023-24 before parliament on February 1. The venture capitalist community here in the US is very excited given the large number of unicorns emerging out of India in recent years. According to Arun Kumar, managing partner of Celesta Capital, the venture capitalists want to capitalise on Indian talent and invest in them. As a US-based venture capital firm investing in India, we are keenly interested in policies and initiatives that will support the growth and development of the startup ecosystem in the country, Kumar told PTI. Signals and allocations in the Budget that further the growth of new ventures based on innovation and entrepreneurship would be particularly welcome, Kumar said. Kumar serv

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