This capital boost is expected to enhance innovation, support entrepreneurship and create a better environment for new ventures to thrive, the experts further said.
The plan is in initial stages and a decision will likely be made after the Lok Sabha elections
Initiatives like the Startup Mahakumbh play a pivotal role in India's journey towards economic prosperity and global leadership in innovation, Modi has said
In the past year, a slew well-funded start-ups such as Mojocare, BharatPe, Zilingo, Trell, and GoMechanic were caught up in financial misreporting and governance lapses.
There's a double-whammy for hedge funds - a tougher fundraising environment puts pressure on keeping costs low, and there's a need to pay for talent. Companies like Millennium Management and Ken Griffin's Citadel are launching some of the biggest startups of all time, competing to attract top investment professionals, according to a report by Bloomberg.
Moneycontrol reported earlier this week that the edtech firm was looking to raise $1 billion in a mix of equity and structured instruments via US-based asset management companies and Middle East-based sovereign funds. Of the $1 billion, about $300 million would be raised through structured instruments, with the rest coming as equity at a flat $22 billion valuation
Thakur said the world is looking towards New India under Prime Minister Narendra Modi as India is now the biggest exporter of vaccines, biggest exporter of mobile phones and defence equipment.
The pace of evolution of India’s startups was lagging that of China in areas such as ease of asset exits and liquidity, the Facebook co-founder said
Bikchandani says Info Edge is slow and careful in acquiring companies.
Anupam Mittal, the founder of Shaadi.com and a 'Shark Tank India' judge, on his experience on the reality show, and the future of entrepreneurship in India.
While Bengaluru remains the startup hub, the Delhi-National Capital Region has emerged as the fastest-growing market, seeing a three-fold year-on-year increase in leasing by startups in 2021
The funding boom continues for the Indian startup ecosystem. Digital payments and business banking platform Razorpay said it has raised $160 million in its Series E round of funding, at a valuation of $3 billion, barely six months after it raised funding that valued it at a billion dollar, underlining the huge funding interest in the current environment. In an interview with Moneycontrol's Chandra R Srikanth, Razorpay co-founder and CEO Harshil Mathur said the money will be used to expand its digital payments business in South East Asia, make acquisitions and build out its neo banking platform, with plans to hire over 600 employees. The round was co-led by its existing investors GIC and Sequoia India, with Ribbit Capital, Matrix Partners, and Tiger Global also participating.