Government Initiatives to Boost India’s Trillion-Dollar Startup Economy
Competition Commission of India (CCI) Chairperson Ravneet Kaur lately emphasized the commitment of government in strengthening India’s vibrant startup ecosystem amid formulating ex-ante regulations for digital markets. He was speaking at the CII Global Economic Policy Forum and said that India needs a regulatory framework to promote innovation. The draft Digital Competition Bill proposes ex-ante […]
How Indian Celebrities Are Shaping the Startup Ecosystem
Indian startup ecosystem has witnessed a fascinating evolution in recent years. Celebrities from Bollywood and cricket have intersected with the grit of entrepreneurship. Celebrities earlier used to believe in brand endorsements. However, they are now diving into the world of startups. They are combining their influence and resources to shape a vibrant entrepreneurial landscape. The […]
Navanc Raises Seed Funding to Secured Lending with AI-Powered Property Score
Navanc, a pioneering FinTech startup building India’s first AI-powered property score and stack for secured lending and insurance practices, has successfully raised $1M in a seed funding round. The round was led by Prarambh Ventures, with participation from Inflection Point Ventures (IPV), Brigade REAP FirstPort Capital, and marquee angel investors. The funds will be directed […]
YesMadam Clarifies Layoff Claims, Launches Mental Health Initiative
Popular at-home beauty services startup YesMadam lately found itself at the center of a social media storm after a viral email claimed that employees were fired after a survey for being stressed at workplace. It sparked outrage and disbelief that people were fired for honestly saying they are stressed working in the company. The startup […]
Startup India Initiative Sees 3.3% of Registered Startups Shut Operations
The Indian startup story has been a beacon of hope and innovation for the country’s economy. But a recent data reveals that not everything is as rosy as it seems. More than 5,000 startups registered under the Startup India program have shut down. It means about 3.3% of the total startups recognized by the Department […]
At TiE Summit, Experts Warn Against Overemphasizing TAM in Startup Growth
The growing obsession of Venture capitalists with total addressable market (TAM) is doing more harm than good to the startup ecosystem, said Anand Deshpande, founder and chairman of Persistent Systems. He was speaking at the TiE Global Summit 2024 in Bengaluru and highlighted the way such fixation is steering startups in the wrong direction. Deshpande […]
Tier-II and III Cities Driving India’s Startup Boom, Says KPMG Report
The Indian startup ecosystem is on a remarkable journey and it is projected to contribute $1 trillion to the economy by 2030. A recent KPMG report highlights the significant role being played by startups and the sector contributed up to 15 percent of the country’s GDP growth between FY16 and FY23. Their impact reached $140 […]
How Tech Newsletters Are Changing the Way Consume Information
Technology newsletters are gradually revolutionizing the ways in which information is accessed and consumed. They curate, update, and summarize with accuracy in condensed forms, directly into our inboxes. Newsletters differ from traditional ways of browsing through so many different sources, as they cut down on time while keeping the user up to date. Such newsletters […]
Semicon startup Netrasemi raises Rs 10 crore in Pre Series A
Kerala-based Semiconductor startup Netrasemi has raised Rs 10 crore in a Pre Series A round from Unicorn India Ventures to build Edge AI for IoT products. Funds raised will be used for fabrication of two ML SoC chips (Netra A2000 and Netra R1000) Founded in 2020 by Jyothis Indirabhai, Sreejith Varma and Deepa Geetha, Netrasemi […]
New Flipkart-DPIIT Alliance Aims to Boost India’s Innovation Ecosystem
The Indian startup ecosystem has always been a hub of innovation and entrepreneurship. Flipkart has lately partnered with the Department for Promotion of Industry and Internal Trade (DPIIT) to support the ecosystem. The accelerator program of Flipkart was launched in 2022 and is named Flipkart Leap and Ventures, and is equipped with a $100 million […]