Maharashtra, Karnataka, Delhi at Forefront of India’s Startup Surge
India’s entrepreneurial landscape is witnessing transformation. Number of startups has surpassed 1.4 lakhs. It is a milestone. Union Minister of State for Commerce and Industry, Jitin Prasada, highlighted the rapid growth of India’s startup ecosystem. Maharashtra is leading with 25,044 registered startups. Karnataka follows with 15,019. Delhi startups count is 14,734.strong numbers are also witnessed […]
Snackerstreet is Redefining Indian Frozen Food with Authentic Recipes
The food industry is bustling across India with a plethora of recipes and flavors. But Hyderabad-based startup Snackerstreet has emerge with a unique idea to serve the tastes in a convenient way. Co-founder Divya Medar is looking ahead to transform traditional recipes into frozen meals. She has a vision to preserve the authentic flavors without […]
Fintech Revolutionizing financial accessibility with Technology – Rupee112
What cutting-edge technologies does Rupee112 leverage to provide instant access to emergency cash, and how do they enhance the user experience? Rupee112 utilizes a combination of AI, machine learning, and data analytics to provide instant access to emergency cash. Our AI algorithms rapidly assess creditworthiness by analysing a vast array of data points, enabling us […]
India’s Startup Ecosystem Expands to 1.4 Lakh with Government Boost
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 to Leap into Top 10 Global Startup Ecosystems by 2035, Says IT Minister
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 […]
Insurtech Startup Covrzy Receives IRDAI Approval for Broking Operations
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 […]
ISRO Celebrates National Space Day with AI and Geospatial Innovation Challenge
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 […]
Gen-AI company, Devnagri raises Undisclosed amount in a Pre-Series A by IPV
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 […]
Cohere Announces Layoffs Following $500 Million Funding Round
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 Scene Gets a Boost with Angel Tax Abolition, IT Minister Declares
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 […]