India’s startup ecosystem has reached to more than 1.4 lakh startups, reveals Union Minister of State for Commerce and Industry, Jitin Prasada. The figure highlights remarkable growth and dynamism of entrepreneurial landscape under the ‘Startup India’ initiative of the Indian government. Startup India was formed in 2016 and has been playing important role in fostering […]

Bengaluru is one of the hottest hubs for startups in India. The city is simultaneously gaining popularity on the global platform. It is setting sights on becoming one of the top 10 startup ecosystems in the world by 2035. The goal is highly ambitious and was lately announced by Karnataka’s IT Minister Priyank Kharge. He […]

The insurance industry is growing at a rapid pace with the support of technology. Bengaluru-based insurtech startup Covrzy has lately secured a direct broking (general) license from the Insurance Regulatory and Development Authority of India (IRDAI). It is a milestone success for them as it will enable the company to operate as a direct insurance […]

India’s space sector has taken a leap forward. Indian Space Research Organisation (ISRO) lately announced ISRO Immersion Startup Challenge initiative in collaboration with IIIT Hyderabad’s National Remote Sensing Centre (NRSC). The event is a significant milestone amid celebration of National Space Day. It is aimed to push the boundaries of space exploration with the help […]

Devnagri, a Gen-AI company that personalizes business communication for non-English speakers raised an undisclosed amount in a Pre-Series A Round led by Inflection Point Ventures. Funds will be allocated to marketing, sales, technology scaling, R&D, infrastructure and administrative expenses. Devnagri specializes in personalizing business communication to cater to non-English speakers, making it hyper-local and more […]

Generative AI startup Cohere has surprisingly announced layoffs of its 20 employees just after a day of successfully securing a $500 million in Series D funding. Its current valuation is $5.5 billion and the job cuts are 5% of its 400-person workforce. However, the step highlights complex and contradictory dynamics of startups and tech industry. […]

India’s startup ecosystem is expanding at a rapid pace. It needs to be accelerated further to rank well in the global landscape. This is the reason the government announced abolition of the angel tax in its Union Budget 2024-25. Union Finance Minister Nirmala Sitharaman placed the budget on Tuesday in the Lok Sabha. Angel tax […]

The co-working industry is getting a boost gradually. One notable one is Incuspaze. It has lately successfully raised $8 million in its maiden funding round led by the India Inflection Opportunity Fund (IIOF) and a couple of more financial institutions. It is an important moment for the workspace solution provider. It has set the stage […]

The current startup funding graph is turning southward and amid such a scenario a Bengaluru-based wealthtech startup Stable Money has successfully secured a $15 million funding round. The fresh investment is noteworthy as it has challenged the so-called “funding winter” climate that has witnessed many startups struggling to secure investments. Stable Money has rapidly emerged […]

IndiaAI Mission is an ambitious mission of India. It aims to position the country as one of the leaders in the global AI landscape. The success is of course based on technological advancements, but it is also based on ensuring the digital divide does not widen as AI capabilities expands. AI development is not just […]