The Indian startup ecosystem saw yet another spree of funding rounds and acquisitions from 09-14 September 2024 as buoyed entrepreneurs reflect the resilience and innovation driving the entrepreneurial landscape in
The Indian startup ecosystem remains resilient and continues to exude growth potential despite global economic uncertainties. In the past week, Indian startups raised $176 million collectively, therefore ensuring continuous investor
Japanese multinational automotive and motorcycle company Suzuki announced an elaborate long-term initiative to support the burgeoning Indian startup ecosystem by forming Next Bharat Ventures—a substantial corpus of Rs 340 crore
The FinTech sector is an important movement leading the future unicorn landscape in India, with 30 startups eyeing entry into the billion-dollar valuation club. According to the ASK Private Wealth
Mohandas Pai, a well-known personality in India’s IT and financial worlds, has joined the list of stakeholders that have publicly called for the Modi 3. It explained that the current
Indian companies raised a total of $217.84 million through 31 agreements, a 273% increase from the previous week’s $58.36 million raised through 16 deals. This week, the ecommerce industry emerged
Indian entrepreneurs were able to garner a $58.36 million across 16 agreements, a 52% decrease from last week’s $121.8 million raised across 21 transactions. The Fintech industry emerged as an
Between May 13 and 18, Indian companies raised a total of $121.8 million in 21 deals, a 45% drop from the previous week. Fintech regained supremacy in weekly funding trends,
Between May 6 and 11, Indian startups raised $220.2 million in a total of 21 agreements. Atlan’s $105 million investment round was the week’s only big funding round. Seed funding
Between April 29 and March 4, Indian startups raised $316.4 million in a total of 23 agreements. PharmEasy’s $216.2 million financing was the lone big fundraising round of the week.
Between April 22 and April 27, Indian startups raised a total of $172.6 million in 21 agreements. Fintech took the lead this week, with entrepreneurs in the area raising $88.5
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Gameskraft, headquartered in Bangalore, is a pioneering startup committed to enhancing the accessibility and enjoyment of online gaming experiences for individuals across India. Since its establishment in 2017, the company
The Indian generative AI startup Sarvam AI announced on Thursday that it has raised $41 million in its Series A round, which Vinod Khosla’s Khosla Ventures and Peak XV Partners
Investments in Indian agritech firms decreased by 45% between the 2021–22 and 2022–23 fiscal years as a result of higher global interest rates and increased investor skepticism amid escalating uncertainties.
Bootstrapping refers to utilizing personal finances and the available resources to establish a business. Basically the process of bootstrapping is about self reliance and doesn’t allow the interference of any external investor.
The company claims to have already invested $140 million in start-ups in India.
The top South Korean gaming corporation, KRAFTON, Inc., creator of the BGMI, plans to invest $150 million in India over the next two to three years.
With a 70% decline in investment since FY22, Indian entrepreneurs are experiencing a financial winter, requiring them to reduce the burn rate and accelerate their route to profitability. According to Redseer’s examination of 100 unicorns, the number of profitable unicorns will increase from 30 in FY22 to 55 in FY27.
Youth fashion company Styched has strategically acquired casual sneaker startup Flatheads with the goal of solidifying its position, as a player in the fashion industry. Flatheads is known for its expertise, in sneakers while Styched operates with a unique approach that eliminates waste, inventory, and warehousing. This acquisition will bolster Styched’s sneaker collection. Broaden its reach in the market.
Minister of State (MoS) for Science and Technology Jitendra Singh emphasized the pivotal role played by the private sector in India’s space economy highlighting that there are now 140 Indian space tech startups operating in India, which is a significant achievement due to the country’s liberalized space policies.
Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology, feels that India is well-positioned to produce 1 lakh unicorns and 10-20 lakh startups in the future.
WE Hub a women’s startup incubator, inked a Memorandum of Understanding (MoU) on Sunday with Cyber West Sign, an Australian digital marketing agency, to promote cross-border prospects for companies in
India’s driving computerized installments and monetary administrations firm Paytm swung to a working benefit without precedent for Q3FY23, essentially in front of its objective of September 2023. The QR and
The tsunami of layoffs has completely destroyed the Indian IT industry, and well-known Indian Unicorn Startups companies like Swiggy, Dunzo, and ShareChat have all dramatically decreased their employee sizes. After
Can anyone tell Business Outreach Magazine why people smile? Without pondering one will say that it is the expression of our happiness coming to life. But a smile and happiness
Despite a stock market crash shaking digital companies, Sequoia India and Sequoia Southeast Asia raised $2.85 billion across three funds to continue financing entrepreneurs in the region. Sequoia is introducing
Direct-to-consumer (D2C) home fragrance and wellness brand Phool.co has raised $8 million in a new round from consumer-focused venture fund, Sixth Sense Ventures. Phool.co, India’s first biomaterial company and fragrance-focused
The funding round witnessed the participation of Avendus Future Leaders Fund who presented itself as a financial advisor to assist the farm-to-fork startup in carrying out the transaction. Licious, Bengaluru-based
New Delhi, 03 August 2021: Glamyo Health (www.glamyohealth.in) – a multi-speciality healthcare provider has announced free healthcare services to all 127 Indian athletes competing in the Tokyo Olympics 2020. The
B2B e-commerce platform Moglix is performing its share to fight COVID-19 by supplying PPE, oxygen concentrators, oximeters, thermometers, and more to necessary and crucial goods and services companies to assure
India has won commitments of $782.4 million from the Green Climate Fund toward mitigation and adaptation climate projects, thus registering some major success in the global fight against climate change.
Agrizy, an innovative agritech startup, has successfully raised $9.8 million in a funding round co-led by Accion and Omnivore. This substantial financial boost also saw participation from Capria Ventures, Thai
Introduction to Verbatica Verbatica is an up-and-coming UAE-based EdTech startup that raised US$700,000 in angel investments for revamping its language learning platform. The funds will help the company achieve its
In an exciting development for enterprises across India, IDfy, a leading fraud detection and background verification startup, has unveiled a comprehensive suite named Privy. This suite is designed to help
PC: Business Review Live In what could just turn out to be the shot in the arm for the electric vehicle (EV) segment, Ahmedabad-based electric mobility startup Matter raised INR
The corporation will utilize the capital to grow across sectors such as automobiles, household goods, and electronics. Difacto provides robotics solutions to the Indian manufacturing sector. The company counts Mahindra
We Founder Circle, 888 VC, Vinners, Indigram Labs Foundation, and Google were among the investors who provided investment in the form of grants and equity. The funding will be used
Elevation Capital led the round, with participation from founders and angel investors. The business intends to grow its platform to accommodate over 5,000 applications, improve the capabilities of generative AI,
Edgro, a wholly-owned subsidiary of Propelld, secured finance from nine lenders, including Credit Saison India, AU Small Finance Bank, InCred Financial Services, and Northern Arc Capital. Edgro will use the
The startup stated that the investment will be utilized for regional expansion, deepening SKU presence, and developing and strengthening capacity. Vinay Kothari and Raksha Kothari, a brother-sister team, founded Go
Velumani intends to pick seed-stage firms with significant growth potential, and target organizations with at least INR 5 crore in revenue. For the last two years, Velumani has been mentoring
Leaders are a few personalities that are brightest as the North Star, guiding the future of human evolution. Business, Economy, Growth and Sustainability holds some of the necessary pillars of
Abhishek Goyal, co-founder of Tracxn, Escape Velocity, and the IIM Indore Alumni Angel Fund, also participated in the round. Included plans to use the money to develop internal technology, strengthen
Simactricals, a firm incubated at IIT Kanpur’s firm Incubation and Innovation Centre (SIIC), has developed a cutting-edge wireless charging technology that aims to revolutionize the EV sector. Simactricals recently secured
Maj Invest led the pre-Series C fundraising round, which also included participation from the company’s promoters and present employees. The fundraising effort takes place barely two months after Namdev raised
The latest funding will assist the firm in increasing its product innovation. SatSure utilizes satellite data to provide ‘decision intelligence’ for the BFSI, agribusiness, and infrastructure industries. It counts Force
Flipspaces, led by Kunal Sharma, reaches an EBITDA profitability milestone, highlighting efficiency and profitability. The enterprise has seen strong revenue development in India and the United States, indicating a substantial
Leadership in the most holistic sense always dictates community building and imparting values to the society. The intricacies of an emerging economy aligns with proactiveness in building an effective startup
Blume Ventures, Steadview Capital, Nexus Venture Partners, Alpha Wave Incubation, and Deepinder Goyal, the founder of Zomato, all participated in the investment round. Ultrahuman, a healthtech business that sells wearable
In his new post, Bansal will be responsible for overall financial strategy, including corporate financial planning, budgeting, supply chain management, and treasury management. He will report to and work closely
Jesper Brodin, worldwide CEO of Ingka Group, underlined India’s importance due to its size, noting that Ikea’s worldwide strategy is consistent with the features of the Indian market, striving to
Today, Goa-based electric vehicle startup Kabira Mobility will introduce the KM3000 and KM4000 Mark-II models, which are the company’s second generation of motorbikes. According to the firm, the models are
TiE Delhi-NCR HR Summit 2024 New Delhi, 2 February, 2024: HR leaders, professionals and founders came together at TiE Delhi-NCR’s HR Summit with the theme ‘Where Culture Meets Strategy,’ aiming
With the theme ‘Innovation Driving Sustainability: Realise the Power of Tomorrow,Today’, India’s largest Tech & Infra Expo will showcase India’s transformation This three-day event is scheduled for 17-19 January at
Chargebee functions as a premier subscription and recurring billing management platform, specializing in streamlining revenue processes for numerous SaaS-based enterprises. Renowned for its commitment to excellence, the company collaborates with
Introduction Udaan operates as a prominent business-to-business (B2B) e-commerce platform, dedicated to fostering business growth through cutting-edge technology. Functioning as a substantial online marketplace within the Indian business landscape, Udaan
The National Institutional Ranking Framework (NIRF) unveils an exhaustive ranking of premier medical institutions in India, illuminating the exemplary establishments that stand at the forefront of medical education and healthcare.
Fibmold, founded in October 2022 by Param Gandhi and Vaibhav Garg, creates environmentally friendly, molded fiber packaging materials that imitate the functionality of hard plastics. According to the business, its
According to corporate papers, online gaming and esports startup Nazara Technologies is introducing Nazara Publishing, a publishing platform enabling developers worldwide to exhibit their games in India. In the next
In an ever-changing financial landscape, fixed deposits (FDs) have long been a favourite investment choice for Indians seeking safety and guaranteed returns. As the economy recovers from the recent turbulence,
Kunal Mundra, the former CEO of Cars 24 India, has joined with digital investing platform, Grip, to launch EV asset management and leasing startup, Electrifi Mobility, in June 2023, to increase mobility electrification in India, Electrifi Mobility said on Thursday.
Rajnish Kumar will lead Mastercard’s South Asia executive leadership team, which will be managed by Gautam Aggarwal, Division President for South Asia and Country Corporate Officer, India.
Boxs, a startup that is transforming the field of design for businesses has successfully raised $1.6 million, in funding. The investment was led by Peak XVs Surge with participation from Titan Capital and the founders of Zetwerk.
JioCinema and Krafton India have collaborated to live stream the Battlegrounds Mobile India Series (BGIS) 2023. The event will feature “The Grind” phase from August 17th to 20th followed by the finals from October 12th to 14th. With a prize pool of INR 2 Crore, the tournament has attracted, over 2,000 teams highlighting the growing popularity of esports in India.
OpenAI’s ChatGPT android version, the AI chatbot has been. Is now available to users in various countries including India, Bangladesh, Brazil, and the United States. Preorders are also open for nations as part of their expansion plans.
With a total net worth of $4.06 billion, four Indian-origin women reached the Forbes list of America’s 100 richest self-made women. With a total net worth of $4.06 billion, four
In its relentless pursuit of greatness, Rebel Foods aspires to construct a formidable $100 Mn food delivery empire within the Saudi market over the next three years. As part of this ambitious strategy, the company plans to inaugurate an additional 60 stores in Riyadh alone, while simultaneously expanding its footprint to encompass other prominent cities such as Jeddah, Dammam, and Khobar.
In a surprising turn of events, it has been reported that the prominent fantasy gaming platform, Dream11, has managed to secure the lead sponsor rights of the highly revered Indian cricket team for a whopping sum of INR 358 Cr.
The growth projection is in comparison to the 7.2% GDP growth in FY23. The economy had expanded by 9.1% in the preceding fiscal year (FY22). On June 22, Fitch Ratings increased its prediction for India’s economic growth to 6.3% for the current fiscal year 2023–2024 from its earlier projection of 6%.
Swedish furniture giant IKEA is set to make India its priority market as it invites its investment arm, Ingka Investments, to establish a presence in the country. This move demonstrates IKEA’s commitment to expanding its operations in India and aligns with Ingka’s plans to finalize the second phase of expansion in the country this year.
Chennai-based cleantech startup Proklean Technologies secures $4M in funding from Raintree Family Office, fueling its R&D efforts and hiring initiatives. The funds will aid the company’s expansion into new markets,
In their most recent annual study on the industry, global management consulting and strategic advisory firm Zinnov and venture capital firm Chiratae Ventures reduced the 2026 revenue forecasts of Indian software-as-a-service or SaaS startups from $100 billion to $26 billion.
India-based healthcare venture studio, 2070 Health, secures a substantial $30 million investment from W Health Ventures. The funding will drive innovation in healthcare, accelerating the development of groundbreaking companies that aim to make high-quality healthcare more accessible and affordable for one billion Indians.
Microsoft has worked with India’s Ministry of Skills Development and Entrepreneurship (MSDE) to give training to students and educators at government institutions via the Directorate General of Training (DGT). The
Growing their credit operations are Groww and Upstox, two significant challenger brands in the broking industry, according to sources. The ultimate goal is to keep clients who come to the
The recent exclusion of Mauritius and Singapore from a white list of geographies exempted from India’s angel tax provisions has sparked concerns among venture capitalists. This move, aimed at preventing
Top VCs discussed how corporate governance issues are now playing out in Indian companies and looked into ways for early-stage VC firms to implement effective controls that encourage adherence to
In its second seed-stage fundraising round, Northstar Ventures, a private equity firm supported by TPG Capital, raised $4.25 million for Locofy.ai, a front-end development acceleration platform that employs artificial intelligence
Several Indian start-up founders have spoken out against the Internet and Mobile Association of India (IAMAI), accusing the industry body of promoting “pro-foreign” Big Tech views on government regulations and
Chanakya Opportunities Fund I, a Sebi-registered Category II Alternative Investment Fund, will invest in successful SME firms with growth potential in unorganized industries; start-ups in manufacturing, consumer goods, and technology
High attrition rates continue to be a problem for two of India’s three major information technology (IT) firms, TCS and Infosys, according to their Q4 financial results. However, experts predict
Indian fintech unicorn Razorpay has established an advisory board of industry leaders from various fields to set the highest standards in customer experience, corporate governance, and risk and compliance in
The Indian Federation of App-Based Transport Workers (IFAT) has called on Blinkit, a quick-commerce unicorn owned by Zomato, to reconsider its recent pay cuts for delivery drivers. The national general
The business provides software that analyses video feeds from cameras put in cars to better understand driver conduct, minimize accidents and increase safety. LightMetrics, a video telematics business targeting commercial
Technically, a start-up is any business focused on developing, commercializing, and developing novel goods, services, or systems that are powered by new technology or intellectual property. The Indian startup ecosystem
The Indian investment ecosystem is changing in favor of business and entrepreneurship projects. The number of people engaging in startups and new business projects is rapidly increasing. But the lack
Kratos Studios, a web-based game firm, reported raising Rs 160 crore in a seed round that was led by Accel and included Prosus Ventures, Courtside Ventures, Nexus Venture Partners, Nazara
Software-as-a-Service (SaaS) platform Mintoak, which specialises in merchant services, has secured $20 million, including participation from PayPal Ventures, British International Investment, and current investors HDFC Bank and Pravega Ventures. The
Bharat Electronics Limited (BEL), a defence Public Sector Undertaking, and Israel Aerospace Industries (IAI) have recently signed a Memorandum of Agreement (MoA) to establish a joint venture. The primary objective
Indian defense exports are expected to reach $5 billion by 2024–2025, according to Prime Minister Narendra Modi, who also predicted that India will soon become the world’s largest defense manufacturing
According to tax experts, the Budget proposes modifying Section 56 of the Income Tax Act to combat tax evasion. A top government official said on Friday that proposed revisions to
An Agriculture Accelerator Fund will be established to support agri-startups by young entrepreneurs, according to an announcement made by Finance Minister Nirmala Sitharaman on Wednesday during her budget address. The
Murugappa group’s subsidiary, Tube Investments of India (TII), has acquired all shares of Cellestial E-Mobility Pvt Ltd, a startup located in Hyderabad that specializes in creating and producing electric tractors,
The fund has so far invested in five homegrown enterprise tech startups over the past 12-14 months. These include upskilling platform Disprz, anti-money laundering startup IntelleWings, transaction monitoring platform VuNet,
Regulatory sandboxes allow companies to test new products or services in a controlled regulatory environment. This enables companies to scale up their offerings, innovate, bring efficiency and devise solutions for
Founded by Prateek Srivastav; Founder and MD in 2017, pune based Droneacharya Aerial Innovations Limited provides a high-end ecosystem of Drone solutions for multi-sensor Drone surveys, data processing of Drone
With the third fund, Poole said, Unitus Ventures will increase its focus on areas such as job tech, enterprise SaaS and sustainability, and climate. Early-stage venture capital fund Unitus Ventures,
Interestingly, layoffs at FrontRow have come at a time when edtech decacorn BYJU’S made a foray into celebrity-focused learning with ‘BYJU’S Xcel’. Lightspeed-backed celebrity-focused learning startup FrontRow laid off around
Shardeum is attempting to solve the trilemma affecting most blockchains where they have to prioritize among scalability, security and decentralization, but at best they can pick only two of these
The startup leverages technology to offer real-time monitoring and analytics related to metrics such as equipment failures, estimated life of an asset and automation of compliance to standards. Industrial artificial
Founded in 2017 by Pallavi and Himanshu Chandra, the startup provides fast, flexible, and collateral-free loans to small businesses in lower-tier Indian cities, where retailers typically face challenges in accessing
The thought provoking campaign underscores battery swapping important for EV adoption and environmental protection New Delhi, June 30, 2021: Chargeup, a company building Bharat’s largest battery swapping network for e-rickshaws, has raised
Westbridge and GSV Ventures have invested $100 million in PhysicsWallah in a Series A investment. PhysicsWallah, commonly known as PW, an edtech business, is the newest Indian startup to join
A Hyderabad-based business has announced the debut of its 10-minute liquor delivery service in Kolkata. Innovent Technologies Private Limited’s flagship brand, Booozie, claims to be India’s first 10-minute booze delivery
In this dynamically changing world of fashion, eyeglasses have gone beyond just vision aid; nowadays they express one’s personality. The most important function occupied by eyeglasses is from vision defects.
BigBasket will be implementing Kochi-based startup Agrima Infotech’s unique customer vision technology platform, Psyight, at the self-checkout counters of the former’s retail stores. BigBasket, a Tata Group-owned etailer, revealed on
GOQii, a healthtech platform, recently secured $50 million in a Series C fundraising round headed by global venture capital company Sumeru Ventures, with participation from additional investors including 9Unicorns, Modality,
The complaint was filed after the Competition Commission of India (CCI) began investigating claims that Apple is harming competition by forcing app developers to use its proprietary system, which can
OYO Hotels & Homes startup has experienced tremendous development. OYO has come a long way since its inception in April 2013, becoming the world’s third-largest and extremely fast chain of
BharatPe is an Indian financial startup that targets small business owners and kirana shop operators. Interoperable QR codes for UPI payments, Bharat Swipe (POS machine) for card acceptance, and small
Resham Sutra is on a mission to transform the lives of silk weavers for the better Kunal Vaid opted to join his privately-owned Needlepointe Textile Products Pvt. Ltd. in Delhi
Bhavish Aggarwal, Ola Chairman and CEO disclosed through a post on twitter that “New Mobility” will demand for advanced maps and geospatial services. Bengaluru-based ridesharing company, Ola on Tuesday announced
We’re in the era where everything is available in no time by just using the internet. A mobile device is capable of ordering food, getting domestic help and bringing home
PC: Zee Business Bengaluru headquartered leading blue-collar recruitment platform Vahan.ai recently announced raising $10 million as part of Series B round, led by Khosla Ventures. Notable names, including Y Combinator,
PC: Medial A financial services startup, Kaleidofin, has announced a major milestone in securing $13.8m funding from Rabo Partnerships-a Netherlands-based financial inclusion and rural development-focused subsidiary of the Rabobank Group,
PC: Business Standard Porter, a leading Indian startup in the logistics and transportation space, sent ripples with its stellar show of top-line performance on the back of fiscal 2024. The
An elaborate legal battle pitting Gameskraft against Arthmate, a SaaS-based lending enabler, has culminated in two unfortunate incidents: the arrest of its co-founder and former CEO, Vihaan Kumar; the high-level
BigEndian Semiconductors, a fabless semiconductor start-up pioneer, has reportedly raised $3 million in a fresh seed funding round. The venture capitalist mighty Vertex Ventures SEA & India has led this
All-electric intercity bus startup FreshBus closed $10.5 million (about Rs 87.5 crore) in Series A funding round. The founding secured the support of Maniv, an international early-stage venture capital fund