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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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Indian start-ups file 909 patent applications last year, compared to 61 in 2016

Indian start-ups file 909 patent applications last year, compared to 61 in 2016

Wed, Oct 31, 2018

Data from the Department of Industrial Policy & Promotion (DIPP) reveals that Indian start-ups filed 909 patent applications last year, as compared to a mere 61 in 2016.

Start-ups in India: This novel partnership is trending right now

Start-ups in India: This novel partnership is trending right now

Sat, Oct 20, 2018

India is a global hub for start-ups in 2017 news. What is trending right now is a novel partnership between start-ups and corporates, both within and between sectors, and this trend is expected to gain a lot of momentum. In India, it is already a widespread phenomenon termed as ‘corporate venturing’.

Licious raises $25 mn from Bertelsmann, Vertex, others

Licious raises $25 mn from Bertelsmann, Vertex, others

Thu, Sep 27, 2018

On Wednesday, Fresh meat and seafood brand Licious announced that it has raised USD 25 million(Rs.1,81,58,75,000) in a Series C funding round, led by Bertelsmann India Investments, Vertex Ventures Southeast Asia and India along with UCLA.

Start-up on mind? Start it up in this Indian city; it is No. 1 in Asia

Start-up on mind? Start it up in this Indian city; it is No. 1 in Asia

Thu, Sep 20, 2018

Silicon valley of India, Bengaluru, is the best location in Asia for starting or expanding technology operations: Colliers International

New-age jobs lure? Downsides make millennials run away

New-age jobs lure? Downsides make millennials run away

Tue, Sep 18, 2018

Experts say life in a start-up is tough, (while being exciting), and this is something millennials are realising now. People are no longer desperate for start-ups.

Startups in India: August 2018 was all about exits

Startups in India: August 2018 was all about exits

Tue, Sep 11, 2018

In fact, the number of exits seen in the start-up ecosystem this month came to 30 as compared to last month’s 14. The same period last year saw 19 exits. It, therefore, is safe to say, that the number of exits this August were significantly higher.

Salesforce Chief Scientist Richard Socher backs India's healthtech startup Visit

Salesforce Chief Scientist Richard Socher backs India's healthtech startup Visit

Tue, Aug 28, 2018

Delhi-based healthtech startup, Visit, has received funding from Richard Socher, the Chief Scientist at Salesforce. Visit, an artificial intelligence (AI) driven Chatbot for health advice, was co-founded in 2016 by BITS Pilani alumni Anurag Prasad, Shashvat Tripathi, Chetan Anand and Vaibhav Sing

5 key trends that will shape the start-up industry

5 key trends that will shape the start-up industry

Mon, Aug 27, 2018

I take that insight to categorise start-ups in three broad classes: start-ups that use technology to create efficiency and better customer experience, start-ups that apply technology to create new use cases, and start-ups that create new technology to address a new market or an existing market differently.

Startup India’s Academia Alliance Programme to promote entrepreneurship

Startup India’s Academia Alliance Programme to promote entrepreneurship

Mon, Aug 06, 2018

The Startup Academia Alliance aims to reduce the gap between scientific research and its industrial applications in order to increase the efficacy of these technologies and to widen their impact, said the statement, adding that by creating a bridge between academia and industry, the alliance strives to create lasting connections between the stakeholders of the startup ecosystem and implement the third pillar on which the Startup India Action Plan is based - Industry Academia Partnerships and Incubation.

eBay India has a 'mafia' all its own? Check out these movers and shakers

eBay India has a 'mafia' all its own? Check out these movers and shakers

Mon, Aug 06, 2018

Despite its success in over 30 countries, eBay, whose India arm was bought out by Flipkart a year ago, has shut down its India operations. The company, though, has inspired a bunch of employees to start up - and a few of them have become prominent names in the Indian startup ecosystem.

Start-ups disrupting mattress segment with new technologies

Start-ups disrupting mattress segment with new technologies

Mon, Aug 06, 2018

These “mattress’’ start-ups perceive a huge potential in their segment and think of their products as not another “me too’’ mattress, but a set of customised, technology heavy product offerings that cut out the middlemen often seen in the unorganised sector, and deliver home with a risk-free trial policy and warranty.

88 of 8,765 recognised startups get tax benefits since Jan 2016

88 of 8,765 recognised startups get tax benefits since Jan 2016

Fri, Apr 06, 2018

DIPP Secretary Ramesh Abhishek said that a total of 8,765 startups have been recognised since January 2016 and out of that "88 startups have been certified for claiming tax exemptions by the inter-ministerial board".

Nasscom, MassChallenge Israel join hands to support startups

Nasscom, MassChallenge Israel join hands to support startups

Mon, Jan 15, 2018

Industry body Nasscom today inked an agreement with startup accelerator MassChallenge Israel, committing scholarship support of USD 5,000 each for up to 10 Indian startups.

Top Indian startups with valuation of over $1 billion each are on hiring spree: Report

Top Indian startups with valuation of over $1 billion each are on hiring spree: Report

Wed, Dec 06, 2017

The top Indian startups with valuation of over USD 1 billion each are on a hiring spree and more than half of all job postings by these unicorns are for fresh graduates, says a report.

Google to mentor 4 new Indian startups

Fri, Dec 01, 2017

The shortlisted startups -- BabyChakra, m.Paani, NIRAMAI and SocialCops -- will join a group of startups shortlisted from all over the world at the Google Developers` Launchpad Space in San Francisco in the US.

Temasek's Vertex closes $210 million fund for southeast Asia, India

Temasek's Vertex closes $210 million fund for southeast Asia, India

Mon, Oct 09, 2017

Vertex Ventures, the venture capital arm of Singapore state investor Temasek Holdings, said it has raised a $210 million fund to invest in southeast Asian and Indian startups, exceeding its original target size of $150 million.

Online pre-owned cars selling platform Truebil raises nearly Rs 20 crore from Shunwei Capital

Online pre-owned cars selling platform Truebil raises nearly Rs 20 crore from Shunwei Capital

Thu, Feb 16, 2017

Online pre-owned car selling platform Truebil has raised $3 million (nearly Rs 19.95 crore) via follow-on Series A funding round from China's Shunwei Capital for funding its skill development and augmenting the technological infrastructure.

Employees prefer bonus to ESOPs in compensation: Experts

Employees prefer bonus to ESOPs in compensation: Experts

Sun, Feb 05, 2017

"We have seen a change where the ESOP component in compensation packages has dropped in startup companies. This is because they never reach the valuations they initially project and in the past year a lot of startups also had to close businesses.

Budget 2017: Companies can now carry their tax credit under MAT, AMT for 15 years

Budget 2017: Companies can now carry their tax credit under MAT, AMT for 15 years

Wed, Feb 01, 2017

Ameen Khwaja, Founder & CEO, LatestOne.com “Push for digital economy is a positive step towards Digital India. However, was expecting more benefits for startups and MSMEs. Few benefits are good like - the increase in the tax break segment, MAT can be carried forward to 15 years and 5% reduction in income tax for MSMEs."

Venture Capital funding in Indian start-ups continues to nosedive

Venture Capital funding in Indian start-ups continues to nosedive

Fri, Oct 14, 2016

Major portion of the deals by VC-backed companies were seen for start-ups in India's IT capital Bengaluru with 34 deals raising $221.2 million in total.

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