Startup Ecosystem

Light at the end of this tunnel — A case for optimism in startup ecosystem

As an ecosystem we have been adept at celebrating success stories but we are also learning to respect failure and the effort behind startup journeys which is the real crucible for long term sustainable growth

Oyo CEO Ritesh Agarwal’s advice to startups: ‘Focus on tier 2 and 3 cities…’

In a post shared on Twitter, Oyo's Ritesh Agarwal spoke about his partnership with Naropa Fellowship and his advice to the fellowship’s latest cohort of young entrepreneurs.

CBDT likely to issue rules on angel tax next week: Sources

The Finance Ministry and the Department for Promotion of Industry and Internal Trade (DPIIT) were discussing guidelines to provide clarity on angel tax

Taking a down round is not a big deal, startups have to move on: General Catalyst’s CEO Hemant Taneja

According to Hemant Taneja, the VC firm plans to invest 10-20% of the 11th General Fund, which has a total amount of approximately $4.6 billion, in India.

Beyond Bengaluru: Karnataka launches Mysuru seed fund, technology centre

The Rs 25-crore Mysuru cluster seed fund is expected to benefit 70-80 startups in that region, while Karnataka Accelerator Network is expected to address the challenges involved in the startup journey

Maharashtra lost a lot of startups to Bengaluru and Hyderabad, says Deputy CM Devendra Fadnavis

“It was quite unaffordable to stay in Mumbai for businesses and that's why they went to Bengaluru and Hyderabad,” said Fadnavis

Budget 2023: US venture capitalists hope India's Budget to boost startup ecosystem

Union Finance Minister Nirmala Sitharaman is scheduled to table the Union Budget for the financial year 2023-24 before parliament on February 1.

Budget 2023: Govt may announce measures to further strengthen startup ecosystem

Budget 2023: Fiscal incentives under the production linked incentive (PLI) scheme to some more sectors are also likely to be announced in the Budget, which will be presented on February 1.

GoMechanic fraud: How chasing growth at all costs brought down a rising startup

GoMechanic had all the right mix to be a pioneer in the garage services business. It had the first-mover advantage, IIM A-graduate founders, big names of the VC world either invested or interested, a strong customer base, and a network of nearly 1,000 garages across 40 cities in place. Yet things went downhill.

Meet Sanjiv Rangrass, the investor behind the ITC mafia in India’s startup ecosystem

The ITC veteran and angel investor said working with the unicorn’s founders, whom he hired and mentored, is the best ‘gurudakshina’ he could get. Rangrass also revealed the role he would play in Zetwerk’s launch into a ‘larger league.'

Piyush Goyal calls for deepening trade ties with Africa; exploring solar energy, startup ecosystem

The trade between India and African countries has been pretty balanced with exports of trade and services of about USD 40 billion and imports of USD 49 billion, Goyal said while speaking at the inauguration of 17th CII-Exim Bank conclave here.

Startup funding ecosystem getting corrected, focus on profitable growth good for industry: Marico's Mariwala

"I just do not want to look at growth, but I also want to see when will you start contributing to the bottom line, which is a good development," Mariwala told PTI

Centre making efforts to connect startups to govt ecosystem: Union minister Chandrasekhar

The Centre is making efforts to connect Indian startups with the government ecosystem so that its procurement requirements can be met with their innovative solutions, Union Minister of State for Skill Development and Entrepreneurship Rajeev Chandrasekhar said here on Sunday.

Has the Indian startup ecosystem become a cauldron of mental health woes?

The Indian startup ecosystem, on the outside, is a happy zone. However, there is this ubiquitous elephant in the room – mental health - that no one really wants to talk about.

India Accelerator, Haryana government join hands to build startup ecosystem in the state

India Accelerator said it is aiming to provide support to the startups registered with Startup Haryana for free, and quip the community of young entrepreneurs with the knowledge, mentorship, and connections.

2017 to be a better year for Indian startups:Qualcomm Ventures

Qualcomm Ventures, the venture investment arm of US-based chip maker Qualcomm Inc which has a USD 150 million India-focused fund, expects 2017 to be a better year for the startup ecosystem, especially early stage companies.

Budget 2017: Startup bodies appeal for relaxations in tax policies

Prominent startup industry bodies including Indian Angel Network, NASSCOM, Indian Venture Capital Association, TiE and Mumbai Angels have jointly appealed to the government to review taxation policies that adversely impact the startup ecosystem.

Startups need to engage more closely with govt: MeitY Secy

Speaking at a CII event, Ministry of Electronics and IT Secretary Aruna Sundararajan conceded that the regulatory environment is far from "ideal" but added that the industry needs to offer more information and analysis to government.

Indian Angel Network partners IBM to bolster startup ecosystem

Tech giant IBM and Indian Angel Network (IAN) have partnered for technology innovations in startups where IAN portfolio companies and members will work with IBM to build thought leadership by leveraging design thinking workshops and IBM IX Studios programme.

Swiggy ropes in Mukesh Bansal as strategic advisor

Food delivery platform Swiggy has appointed Myntra co-founder and former CEO Mukesh Bansal on its advisory board.

'Positive about growth of startups in Kolkata'

The city's startup ecosystem is developing gradually and it has the potential to be a major hub of new age companies, investor group Calcutta Angels Network (CAN) said today.

Focus on easing norms, not investments: Nasscom to govt

As part of FY 2015-16 Budget announcement, the government had allocated Rs 1,000 crore for promotion of start ups and entrepreneurs, particularly in the technology sector.