The startups finalised by the auto firm are CarIQ, Steradian Semi, Altigreen Propulsion Labs, Exploride and Zuper.
The group, called Indiatech, will begin its operations early next year. Chief among its agenda is to coax the government in New Delhi into passing regulations to help local companies dominate the country's internet market, industry sources told CNBC.
According to recent data from global job site Indeed, four unicorns - Snapdeal, PayTM, ShopClues and Flipkart - make up around 90 per cent of all job postings.
Further, to encourage startups for listing, leading bourse National Stock Exchange (NSE) is also going to hold a meet in Bengaluru tomorrow to talk to such entities whether they could access the markets for small companies.
iStart portal is intended to foster innovation, create jobs and facilitate investment.
"By 2025, I believe that we will have 1,00,000 startups all over the country. They will create USD 500 billion of value and lot of money for investors. They will employ 3.25 million people," Pai told PTI on the sidelines of Rajasthan Digifest here.
Swiggy's past record of surviving through the tough times makes it desirable for major investors like like Softbank, Alibaba, Tencent
At a session of the Global Entrepreneurship Summit (GES) 2017 here, Abhishek underscored the need for a differential treatment of sectors such as startups, smart technology and disruptive businesses.
The US-based aerospace giant launched the 'Boeing HorizonX India Innovation Challenge 1.0' in collaboration with T-Hub, an incubator for startups promoted by the Telangana government.
This takes the total number of technology startups to nearly 5,200, according to the Nasscom Startup Report.
Modi said in the last 35 years, governments had spent Rs 4,000 crore on renewable energy but within three years of his government assuming office, nearly Rs 11,000 crore had been spent.
India's start-up dudes — largely male, young engineering graduates or dropouts —are being jolted out of their fantasy world as investors tighten their purse strings and demand a greater bang for every buck they spend.
The advanced AI coach will be launched in the coming months in Beta format.
Paytm, which had partnered with gold refiner MMTC-PAMP to allow consumers to buy gold through its platform.
In the first phase, the company will launch the product in 10 cities, including Mumbai, NCR, Pune, Chennai, Bengaluru, Kolkata and Hyderabad.
The Department of Industrial Policy and Promotion (DIPP) will facilitate the process of ranking and it would be done by a third party.
With rival Snapdeal, vacating the third place, Paytm Mall is planning to capture the third spot in India's e-commerce industry
Flipkart, which claims to have 65 per cent share in the online smartphone sales in the country, will offer a number of deals and discounts to woo customers during its five-day 'Big Billion Days' sale beginning September 20.
The company raised a Series A round of about USD 4.5 million in January, this year.
There are over 50 active impact funds in India. Average holding period at exit for impact investment funds in India has been about five years unlike 10 years in PE space, indicating better returns in social ventures.
Catalyst is funded by USAID, and will offer USD 50,000 to each graduating startup as seed money.
Sattviko runs a small chain of casual dining restaurants and provides private label brand for traditional Indian snacks.
In January 2016, Prime Minister Narendra Modi had unveiled a slew of incentives to boost start-up ecosystem, offering them a tax holiday and inspector raj-free regime for three years, capital gains tax exemption and Rs 10,000 crore corpus to fund them.
Algorithms of online taxi aggregators do not take into account the registration plates before calculating fares. The state of UP, for instance, never collects entry tax on its cabs, but it is collected from passengers as a Rs 100 'surcharge' by firms...
Replying to a query, Hashmi said he is a technology geek and would like to invest in IT-related venture.