Indian Startups

Union Minister Piyush Goyal on Wednesday said that his remarks were rather an appeal to the Indian talent, adding that the country's startups have made everyone proud.

Food delivery apps turning unemployed youth into delivery agents for the rich, says minister Piyush Goyal

Goyal also pointed to the lack of deep-tech startups in India as a major concern. “Only 1,000 startups in India's deep-tech space is a disturbing situation,” he remarked, adding that the country needs to focus on innovation beyond e-commerce and services.

Open to ideas to make it easier for start-ups to move back to India: Goyal

The ministry, he said, will discuss with the National Start-up Advisory Council and take feedback "if any steps are required to make their journey back easier. We are open to ideas."

A startup enters Sensex, decacorn duopoly, power law in listed startups, conservative IPO pricing goes mainstream

Swiggy’s IPO added $13 billion in market cap to the RainGauge Index (RGI) bringing the other half of the food delivery duopoly to the public markets

Google launches 3-month mentorship program for India-based startups: How to apply, benefits and more

Google has launched its Google for Startups Accelerator Apps program, a 3-month mentorship program for Android app-based startups from India.

Aspire to create a $100 billion Indian company: Paytm founder Vijay Shekhar Sharma

"I have a personal ambition to make a $100 billion Indian company. Going public is like marriage. Listing brings far different and more responsibility, which is necessary," Vijay Shekhar Sharma said.

Flipkart co-founder Binny Bansal advises startups to incorporate in India

The US was the default before the market opened up for tech IPOs (in India) but now it's clear that India is a great destination for tech IPOs, Bansal said.

Byju's rapid growth a cautionary tale for young entrepreneurs: MoS IT Rajeev Chandrasekhar

This comes at a time when some of the most highly valued startups, including Byju's, Paytm, Ola, and Dream11, have come under fire for a range of issues, casting a shadow on India’s technology and startup ecosystem.

Genrobotics chosen among top three Indian startups at global AI summit

Genrobotic's G-gaiter Robotic Technology won the award in 'AI Game Changers' category at the December 12-14 summit held at Bharat Mandapam, inaugurated by Prime Minister Narendra Modi, a statement said on December 16.

Govt recognises 1,14,902 entities as startups as on October 31

These eligible firms are allowed to seek fiscal incentives under the Startup India Action Plan, which was launched in January 2016, and that includes income tax exemption for three years.

Funding winter for Indian startups likely to end by March: Experts

Funding winter, which refers to the drying up of funds for startups, remained the overarching theme at the recently concluded TGS 2023, the eighth edition of the flagship event organised by TiE.

9 interesting generative AI startups in India

The Indian generative AI ecosystem had 60 firms in various sectors as of May 2023, according to Nasscom. A look at 9 such firms across coding, chatbots and audio-visual applications.

India Mobile Congress: India's startup ecosystem among top 3 in the world, says PM Narendra Modi

To encourage startups, PM Modi announced that the India Mobile Congress had introduced the Aspire programme, aimed at supporting Indian startups in their growth journey

The Moneycontrol Startup Conclave is here

Startups in India are buzzing with energy and ideas, reflecting the optimistic mood about India, which is today the fastest-growing major country and a bright spot in an uncertain world.

Zerodha's Nithin Kamath on root cause of corporate governance issues in Indian startups

Kamath also said that most of the governance issues coming to the fore now and in the future will likely not be traditional fraud but misreporting things to justify the stories founders have oversold to raise capital.

Rajan Anandan, not Sam Altman, holds the answer to his question

Until a culture of risk-reward equation — which OpenAI CEO Sam Altman probably referred to when quizzed by former Google CEO and angel investor Rajan Anandan — percolates into the Indian startup ecosystem, breakthrough ideas will continue to remain underfunded.

Higher employee costs of Mumbai is better than high attrition rate of Bengaluru: Startup founders

According to UpGrad MD Mayank Kumar, paying 5-10% higher costs in Mumbai than in cities like Gurugram is still justified by the quality talent and lower attrition rates found in the financial capital.

Startup funding tanks 79% in 5 months of 2023 as funding winter worsens

While the funding amount plunged about 44 percent year on year, there was a sharper decline in the number of deals which more than halved in May 2023

Govt hosts India’s first mining start-up summit in Mumbai

Top metal and mining companies seek start-up solutions in the space of waste utilisation, water conservation and hardware solutions

PM Modi has given Rs 1,200 crore to invest in Indian semiconductor startups: Rajeev Chandrasekhar

Ahead of the third SemiconIndia roadshow in IIT-Delhi, Union Minister says 27 semiconductor start-ups have made the cut to get funding under the design-linked incentive scheme

Foreign firms like Google have to invest in Indian AI start-ups for access to country's data sets: Rajeev Chandrasekhar

Union minister says that the government's focus is to support intellectual property creation by domestic deeptech startups in areas like artificial intelligence and semiconductors

In 2nd markdown in 4 months, Invesco cuts Swiggy’s valuation to $5.5 billion

According to filings, Invesco – which led Swiggy’s $700 million round in January last year – valued the Bengaluru-based company at $5.5 billion as of January 31, 2023, as per the latest filing.

India’s startup world is headed for tough times

Experts say the current funding winter for startups is not temporary but a signal that the rules of the game are changing. Investors have come to realise that they may have misjudged the potential for consumption growth

V3 Ventures plans to invest 30 mn euros in Indian start-ups

V3 Ventures, Co-Founder and Investment Partner, Arjun Vaidya said that the VC will back good businesses and are very bullish about the opportunity India presents to the firm.

Virtual Reality from India will train future doctors

India’s capabilities in software are entering a new phase.​ Indian startups are creating niche software products for fields like medical education in the hope of taking them global.