Page 7 - Startups

With focus on efficiency, start-ups scale back ops in major reversal

Many quick commerce firms have scaled back their dark stores (warehouses) in the past few months

Startup funding dips by 35% to $24.7 bn in 2022 YTD: Tracxn report

Late-stage funding fell by 45 per cent from $29.3 billion between January to November 2021 to $16.1 billion for the same period in 2022

J&K to set up incubator for cybersecurity startups to promote industries

Jammu and Kashmir administration is planning to set up a dedicated incubator for cybersecurity-related startups to promote local industries. Under its recently launched Cyber Security Policy, the administration will also outsource relevant research and development projects to the corporate sector. It is also mulling to provide special fiscal and non-fiscal incentives to cybersecurity firms operating in the union territory (UT) according to the prevailing government policies. "The government of J-K shall set up a dedicated incubator for cyber security related startups. The UT shall also develop a venture capital model to provide assistance to first generation entrepreneurs, startups and small and medium-sized enterprises (SMEs) operating and intending to enter in this field (cybersecurity)," the policy document said. Jammu and Kashmir would endeavour to conduct Cyber Security Expos to showcase the advantages of the indigenously developed products by SMEs and Startups, it said. "Thi

Exploring ways to bring policies for supporting startups: TN IT Minister

The Tamil Nadu government is exploring the possibilities of bringing in policies aligned to support startups and overall technology ecosystem, state Minister T Mano Thangaraj said on Wednesday. The Minister for Information Technology and Digital Services said the department was working towards introducing new policies and also engaged in revising existing policies to make it more relevant to the industry. "Tamil Nadu is the SaaS (software as a service) capital of India and we are far ahead of other cities in the country. Madurai for instance saw a 30 per cent digital growth and it is the same for Coimbatore when compared to last year," he said at the 'TechNext 2022 - Future of Tech Web 3.0' organised by Confederation of Indian Industry (CII) here. Thangaraj, on the occasion, also released a report titled 'Metaverse and Web 3.0 opportunities in India - Nurturing Tamil Nadu's growth ambitions through next generation technologies' in association with KPMG. According to the report, Tam

SaaS firm Prismforce raises $13.6 mn in funding for business expansion

The Mumbai-based company enables IT companies to build supply chains, deliver projects

Start-ups to take up nearly 30% of gross office leasing in 2022: Study

Bengaluru leads in terms of space leased by such companies, says JLL report

C4D Partners gets Sebi's nod to launch fund to invest in Indian startups

Netherland-based C4D Partners on Monday said it has received market regulator Sebi's approval to launch its USD 50 million (about Rs 408 crore) fund for investments in Indian startups. C4D Partners had its first close of USD 30.3 million in 2018 for its Asia Fund. "The company has recently received the nod from the Securities Exchange Board of India (Sebi) for its debut India fund worth USD 50 million and expects to achieve the first close of the fund by the mid of next year," C4D Partners said in a statement. With the launch of the C4D Bharat Shubharambh Fund, C4D Partners will continue to focus on sustainable business models with solid ESG (environment, social, and governance) scoring, it added. "Through our first fund, we have invested in financial inclusion, Agri-processing, education and skilling, waste management and last-mile delivery. We will continue to focus on these sectors and any other industry with a substantial impact on India's marginalised communities and rural ...

SaaS platform Biz2X says it plans to hire 250 people by 2023 in India

Focus is to retain the right talent keeping in perspective the layoffs happening in the start-up ecosystem, says senior VP Anupama Garg

I advise start-ups to think beyond the possible: ARM Holdings former CEO

"You need to look at where your biggest opportunities are and invent your own unique business model that capitalises on your strengths," says Sir Robin Saxby

Telangana CM KCR hails startups for making history in space sector

Chief Minister K. Chandrashekhar Rao expressed happiness over successfully placing into the space orbit the two Nano satellites launched from Sriharikota by Telangana-based Dhruva Space Tech

Race for space: Funding for space start-ups skyrockets 61 per cent in 2022

Funding to private players soars to $108.52 million compared to $67.2 million in 2021

Space for start-ups

A Nasa-like PPP policy could make India an aerospace powerhouse

Start-up Odisha growth fund gets Rs 1,000 cr commitment, disbursal in 5 yrs

Flags off Hall of Fame 2.0 with TiE Bhubaneswar

Zomato co-founder Mohit Gupta resigns; pens a heartfelt farewell note

In a farewell note, Gupta said that it was an honour for him to see the company grow leaps and bounds

Only 11% investment in deep tech start-ups, need more seed funding: NASSCOM

India's deep tech startups need higher seed and early stage funding to grow faster as only 11 per cent of technology-related funds reach this ecosystem as of now, National Association of Software and Services Companies (NASSCOM) president Debjani Ghosh said on Friday. Deep tech or deep technology startups are enterprises that work in the area of emerging technologies like artificial intelligence (AI), robotics, quantum, blockchain, Internet of Things (IoT), drones and augmented reality (AR). Speaking at a workshop on 'Startups and Entrepreneurship: Vision India@2047', organised by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce, Ghosh pointed out that of the total 25,000-plus tech startups in the country, only 3,000 are related to deep tech that account for only 12 per cent. India has some excellent deep tech startups working across the entire range of emerging technologies, but only 11 per cent of total technology-related funding i

Elizabeth Holmes faces years in prison for her crimes in Theranos collapse

Holmes stands out among white-collar criminals because relatively few of them are women convicted of such serious fraud, legal experts say

Alternative fuel start-up Buyofuel raises Rs 11.5 cr in series A funding

The funds raised will be put towards expanding the company's services across geographies, development of product offerings as well as technology

Mphasis extends grant to Ashoka University with Rs 18 crore in funds

Makerspace will be a collaborative workspace for making, learning, exploring, and sharing using high-tech to no-tech tools, which will enable the ideation of tech-enabled solution-centric startups

After Ratan Tata, now Niranjan Hiranandani invests in Goodfellows

Founder and CEO of the Hiranandani Group Niranjan Hiranandani has made an investment in Goodfellows, a start-up offering senior citizens companionship

Google collaborates with K'taka govt to support emerging local start-ups

Tech giant and search engine Google on Thursday signed a memorandum of understanding (MoU) with the Karnataka government to support its vision to promote innovation and spur the growth of startups across the State. In collaboration with the Karnataka Innovation and Technology Society (KITS), Google would work with women-led founders and startups across tier-2 and tier-3 cities to offer essential training, access to partners, expertise on Google's suite of tools and technologies, along with knowledge and mentorship sessions in areas such as Cloud, User Experience, Android, Web, Product Strategy, Leadership and Marketing, said a statement from Google. Google would extend also scholarships for Google career certificates to youth and job-seekers in digital skills such as IT support, project management, data analytics and support local schools, too, to promote the fundamentals of online safety and digital citizenship to children through the Be Internet Awesome' programme.