Page 6 - Startups

ISRO, Microsoft join hands to empower spacetech startups in India

The space tech startups identified by ISRO will be on-boarded onto the aMicrosoft for Startups Founders Hub' platform, that supports startups at every stage of their journey-from idea to unicorn

Nexus Venture to raise $700 mn fund to bet on domestic, US tech startups

Nexus will invest the new funds in early stage funding rounds of Indian internet and technology startups, as well as U.S.-based software firms

LIVE: Media notices my T-shirt but ignores poor farmers, says Rahul

Catch all the live updates from around the world here

With Advent Int on board, Tredence eyes $500 mn in revenue by 2026

Tredence is looking at Advent International to not only grow geographically but also support them in expanding into new verticals like healthcare, life inorganic sciences, and insurance

Tamil Nadu starts packages for green tech, rural impact, women-led startups

50% hike in grants for special-category startups; MentorTN portal to help budding startups reach out to established entrepreneurs, professionals and subject matter experts

What can India's consumer fintech look forward to in 2023?

An SBI report recently said that the use of UPI has jumped 70 times in the past four years. So, should there be charges on UPI fund transfers? And, did the fintech industry come of age in 2022?

A match not made in start-up heaven

The current turmoil in the start-up world isn't all about the so-called funding winter. A bigger problem is the chasm between the goals of founders and investors

'Fluff of high valuations' has settled for firms: Padmaja Ruparel

Entrepreneurial expectations have become more realistic, says co-founder of India's largest group of angel investors

VC funding in India down 30 per cent in 2022: Venture Intelligence

The funding of late and growth-stage startups slowed down as private market investors became more cautious amid rising interest rates and fears of recession

Startups selected in Accelerator prog to work on healthcare, agri solutions

15 startups selected in government's supported product accelerator programme for innovators developing solutions will soon start working towards solutions in healthcare, agriculture domains

Legal tech start-ups have raised $57 mn in funding since 2013: Report

Indian sector has more than 650 firms and is valued at $1.3 bn to be second biggest in the world

Hotels to tickets: Travel return fuels growth for online travel aggregators

EaseMyTrip, Airbnb and OYO among companies reporting steady growth in business as pandemic wanes

Mark Zuckerberg takes witness stand in FTC case against startup acquisition

Mark Zuckerberg, the CEO of Facebook parent company Meta, took the witness stand Tuesday in the FTC's effort to stop the tech giant from buying a virtual reality startup. At issue is whether Meta's acquisition of the small company that makes a VR fitness app called Supernatural will hurt competition in the emerging virtual reality market. If the deal is allowed to go through, the Federal Trade Commission argues, it would violate antitrust laws and dampen innovation, hurting consumers who may face higher prices and fewer options outside platforms controlled by Meta Platforms Inc. The case, expected to wrap up Tuesday, is being heard by U.S. District Judge Edward Davila, who also oversaw the trial of disgraced Theranos founder Elizabeth Holmes and her partner Ramesh Sunny Balwani. Both were sentenced to over a decade in prison for their roles in the company's blood-testing hoax.

Aquaculture startup Aquaconnect raises $15 million to expand business

Aquaconnect, an aquaculture platform, has raised USD 15 million (about Rs 120 crore) from investors to expand its business. The company raised this amount in a Series A funding round led by Lok Capital, with participation from Louis Dreyfus Company Ventures and Suneight Investment. Existing investors also participated in the round. Aquaconnect will use the fund to strengthen its portfolio of scalable solutions that use AI and satellite remote sensing and widen its service offerings in both the pre-harvest and post-harvest aquaculture value chain to input retailers, seafood buyers and other stakeholders, a company statement said. Currently, the company has a network of over 500 rural entrepreneurs, who provide last-mile assistance, serving over 90,000 fish and shrimp farmers. In July last year, Aquaconnect raised USD 4 million in a pre-Series A round. Aquaconnect uses satellite remote sensing and artificial intelligence to enable aquaculture farmers, retailers, and seafood buyers t

Hello Logistics sues Instacart founder Mehta for creating 'copycat' startup

Hello Logistics Inc., which operates under the name NextMed, sued Mehta, his business partner Tejasvi Singh, and their company Cloud Health Systems over allegations of misappropriation of trade secret

VC funds reduce number of deals with start-ups by a fifth in 2022: Study

Total investment in such firms in India stood at $23 bn in 2022, compared to $35 bn in 2021

58% of govt-recognised start-ups centred in 5 states; Maharashtra tops list

Nearly 58 per cent of the government-recognised start-ups are confined to just five states in the country

Quick commerce finds it footing amid funding winter, now needs to scale

The sector has fared well both on the fund raising front and on operational performance

Binny Bansal-backed fashion startup Virgio raises $37mn from Prosus, others

Set up in 2022 by former Myntra CEO Amar Nagaram, Virgio's model uses technology across processes to streamline the entire fashion lifecycle and enable a real-time fashion offering

Satellite imaging start-up GalaxEye Space gets $3.5 mn seed funding

Company says its technology helps in all-weather imaging without atmospheric interference