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Startups have potential to contribute $120 billion to India's GDP by 2030

Startups have potential to contribute $120 billion to India's GDP by 2030

Thu, Dec 19, 2024

In fact, the contribution by startups can surge to a whopping $1.6 trillion by 2047, thus contributing 5 per cent of the GDP when India aims to become a 'Viksit Bharat' with a $35 trillion economy, the report mentioned.

Indian startups raise more than $348 million funding this week

Indian startups raise more than $348 million funding this week

Sat, Sep 07, 2024

The week was led by ride-sharing platform Rapido which raised $200 million in its Series E funding, taking its valuation to over $1.1 billion.

Maharashtra minister unveils major support for MSMEs and startups, eyes global fintech hub status for Mumbai

Maharashtra minister unveils major support for MSMEs and startups, eyes global fintech hub status for Mumbai

Fri, Aug 23, 2024

During the 9th Global Economic Summit on 'Fintech: Accelerating the Digital Revolution,' held from August 8-10, 2024, at the World Trade Center Mumbai (WTC Mumbai), Samant inaugurated the exhibition and outlined the government's strategic vision.

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Agrizy raises Rs 82 crore from Accion, Omnivore

Agrizy raises Rs 82 crore from Accion, Omnivore

Mon, Aug 05, 2024

The company, which has a B2B agri-processing platform, will utilise the funds to expand its services into new product areas and geographies, develop advisory services, and offer financial services for processing businesses and farmer-producer organisations.

India marked 1.4 lakh registered Startups; UP ahead of Gujarat and closer to Delhi

India marked 1.4 lakh registered Startups; UP ahead of Gujarat and closer to Delhi

Sat, Jul 27, 2024

According to a written response by the minister in the house on Friday, the number of Department for Promotion of Industry and Internal Trade (DPIIT) recognized startups State/UT-wise has shown that Maharashtra tops the list with 25,044 registered startups.

Indian startups raise nearly $176 million across 16 deals in first week of July

Indian startups raise nearly $176 million across 16 deals in first week of July

Sun, Jul 07, 2024

Startups and Global Capability Centres (GCCs) in India have created about eight crore jobs over the past five years, driven by labour reforms and increased female workforce participation.

Nearly $7 billion raised by Indian startups in first half of 2024

Nearly $7 billion raised by Indian startups in first half of 2024

Wed, Jul 03, 2024

It includes 182 growth or late-stage deals worth $5.4 billion and 404 early-stage deals worth $1.54 billion, while 99 other undisclosed deals are also included in the report.

These startups operate secretly; know how they earn money

These startups operate secretly; know how they earn money

Mon, Jul 01, 2024

Every day, we hear about Fintech, Agritech, and Healthtech startups. But have you ever encountered a Stealth Startup? Do you know what it is and how it functions? Why does it carry such a mysterious name? The burning question is: how do they generate revenue? Let's uncover all the details.

17 Indian startups raised over $196 milllion in funding this week

17 Indian startups raised over $196 milllion in funding this week

Sat, Jun 29, 2024

The largest funding round was witnessed by non-banking financial company (NBFC) Northern Arc this week. It raised $75 million via non-convertible debentures (NCDs) from the Dutch entrepreneurial development bank FMO.

Durlax Top Surface shares jump over 55% on market debut

Durlax Top Surface shares jump over 55% on market debut

Wed, Jun 26, 2024

The stock listed at Rs 109, reflecting gains of 60.29 per cent from the issue price on the NSE SME platform. Later, the stock closed at Rs 103.55 apiece, down by 5 per cent.

This fresh fruit and grocery startup achieves Rs 100 crore ARR, now targets to double the revenue

This fresh fruit and grocery startup achieves Rs 100 crore ARR, now targets to double the revenue

Thu, May 30, 2024

Pluckk has established itself as a fresh food brand in major cities like Delhi, Mumbai, Bangalore, and Pune. Its presence extends across more than eight marketplace platforms, facilitating connections between farmers and over five lakh households. With a monthly delivery exceeding 20 lakh products, Pluckk has emerged as a frontrunner in the industry.

Shark Tank India: This startup gets blank cheque offer as revenue soars 10 times in 15 months, resulted in clash between judges

Shark Tank India: This startup gets blank cheque offer as revenue soars 10 times in 15 months, resulted in clash between judges

Tue, May 28, 2024

Namita Thapar wrote on Instagram that when she invested in the company about 18 months ago, the annual revenue was Rs 1 crore. At the same time, in the financial year 2024, that is, about 15 months from today, till March 31, 2024, the company has achieved sales of Rs 10 crore. In this too, the company has registered a profit of 7 percent. Not only this, the company already has an order of Rs 22 crore for the financial year 2025.

Indian startup ecosystem is mature, set to bolster Indian economy: Amazon Web Services' Kumara Raghavan

Indian startup ecosystem is mature, set to bolster Indian economy: Amazon Web Services' Kumara Raghavan

Sat, May 25, 2024

Raghavan lauded the maturity of the Indian startup ecosystem, noting the significant contributions of experienced founders who have embarked on multiple entrepreneurial ventures.

Indian startups have come a long way in the last 5 to 10 years: Urban Company co-founder

Indian startups have come a long way in the last 5 to 10 years: Urban Company co-founder

Tue, May 21, 2024

As of May 2024, the Indian Startup Ecosystem, ranking third worldwide in terms of unicorn count, is collectively valued at $349.67 billion.

Insights from Banxso: Strategic framework for Indian fintech's global success

Insights from Banxso: Strategic framework for Indian fintech's global success

Tue, May 07, 2024

Banxso’s journey of innovation, strategic regulatory compliance, and market expansion offers a compelling blueprint for Indian fintech companies aiming to extend their reach globally.

Indian startup Mindgrove unveils 1st indigenous high-performance chip

Indian startup Mindgrove unveils 1st indigenous high-performance chip

Mon, May 06, 2024

The IIT Madras-incubated startup said that the chip is likely to cost 30 per cent less than other chips in the same segment.

SBI extends support to startups in 7 distinct avenues

SBI extends support to startups in 7 distinct avenues

Sun, May 05, 2024

The State Bank of India offers expert advisory services to startups across the country, covering project advisory, finance, and equity-debt matters. This support helps startup founders develop business strategies, conduct market research, and adopt best practices. SBI extends assistance to startups in seven key areas. Read

Go DESi raises Rs 41 crore from Aavishkaar Capital, others

Go DESi raises Rs 41 crore from Aavishkaar Capital, others

Thu, May 02, 2024

The funding round also saw participation from existing investors Rukam Capital, Roots Ventures, and DSG Consumer.

This Chennai startup plans to unveil flying electric taxi prototype by next year

This Chennai startup plans to unveil flying electric taxi prototype by next year

Wed, May 01, 2024

The startup incubated at the prestigious Indian Institute of Technology (IIT), Madras, is strategically focused on alleviating urban congestion through innovative aerial solutions. Their immediate goal involves commercializing drones capable of carrying payloads ranging from 2 to 6 kilograms within the upcoming months.

This Delhi startup couple revolutionises pen industry, know about their journey towards sustainability

This Delhi startup couple revolutionises pen industry, know about their journey towards sustainability

Tue, Apr 30, 2024

Founded by Saurabh Mehta and his wife Shivani Mehta, residents of Delhi, 'Note' began its journey in 2018-19 with a vision to tackle the environmental impact of traditional pens. Recognising that conventional pens consist predominantly of plastic, with only 5% serving a functional purpose, the couple embarked on a mission to create a 100% biodegradable pen.

Over $447 million in funding raised by 22 Indian startups last week

Over $447 million in funding raised by 22 Indian startups last week

Sun, Mar 24, 2024

Among the growth-stage deals, nine startups raised $420.35 million in funding last week. Healthtech firm Engrail secured the highest funding at $157 million.

Startup Mahakumbh: Rise of entrepreneurs from tier 2, 3 cities big boost to ecosystem

Startup Mahakumbh: Rise of entrepreneurs from tier 2, 3 cities big boost to ecosystem

Thu, Mar 21, 2024

India's startup ecosystem is on a journey of unprecedented innovation and growth and the rise of entrepreneurs from tier-2 and 3 cities are shining examples of how inclusive growth can lead to sustainable development, industry experts said, as the three-day 'Viksit Bharat Startup Mahakumbh 2024' concluded in the Capital.

Startup Captain Fresh raises $25 million from investors

Startup Captain Fresh raises $25 million from investors

Fri, Feb 16, 2024

Nekkanti seafoods group and British International Investment (BII), the UK's development finance institution, participated in this extended round.

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