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News on Medial
'₹35,000 a month...': Viral post on PhD stipends sparks uproar over India’s research funding neglect
Business Today
·
4m ago
Medial
India's research ecosystem suffers from chronic underinvestment, impacting scientific infrastructure and support. This neglect forces researchers to choose between their passion and survival, in a system valuing rote learning over inquiry. Concerns about quality in research programs are prevalent, with many PhD aspirants and guides lacking necessary skills and over 80% of institutions lacking proper infrastructure. Consequently, many students resort to PhD programs as a means to secure a monthly income.
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BITS Pilani Launches PhD Program To Create Deep Tech Ventures
OutlookIndia
·
1y ago
Medial
BITS Pilani has launched the PhD-DRIVE program, nurturing deep tech and science startups from Ph.D. research. The initiative combines entrepreneurship, incubation, funding, and alumni networking. With a target to incubate 100 startups by 2030, it addresses societal challenges across sectors like cybersecurity, healthcare, and more. The program aligns academia with entrepreneurship, encouraging scholars to become innovators. Leveraging its alumni network and corporate ties, BITS Pilani aims to bridge the gap between research and startups.
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'Team change karalo...': Redditor reveals managers reaction after he refused working 12 hours for meagre Rs 3.8 LPA package
Business Today
·
5m ago
Medial
A Reddit post went viral after a user shared a manager's demands for long work hours despite offering a salary of 3.8 lakhs per annum. The post initially misled readers by stating the salary as 3.8 lakhs per month, later corrected. Redditors advised the user to find a better job if financially feasible, while critiquing the toxic work culture in North Indian workplaces marked by long hours, hierarchical dynamics, and outdated titles.
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Better Nutrition raises ₹10 crore funding to expand products
Inshorts
·
4m ago
Medial
Better Nutrition, India’s first biofortified food brand, secured ₹10 crore in funding. Investors include Namita Thapar, Shantanu Deshpande, PV Sindhu, Aclr8.vc, and others from Google and Meta. The brand, which grew 5x post-Shark Tank India, will use funds to expand products, strengthen distribution, and scale farmer training. Previously, it raised ₹3.1 crore in 2022.
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ACME Solar Holdings bags 275 MW/550 MWh battery energy storage projects from NHPC
Economic Times
·
23d ago
Medial
ACME Solar Holdings secured two battery energy storage projects totaling 275 MW/550 MWh from NHPC, a state-owned company. These projects were won at tariffs of Rs 2,10,000/MW/month for 50MW/100MWh and Rs 2,22,000/MW/month for 225MW/450MWh via an e-reverse auction. The projects are part of the Government of India’s viability gap funding scheme, offering Rs 27 lakh per MWh or 30% of the project cost, whichever is lower, as support.
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Roha Biotech makes eco-packaging from mushrooms in India
Inshorts
·
2m ago
Medial
Roha Biotech, a Chennai-based startup, has built India’s first scalable mycelium packaging plant using ₹1.8 crore in grants without VC funding. Incubated at IIT Madras, the team developed a high-performance, biodegradable packaging alternative to styrofoam. With five paid pilots and strong traction, the startup is now raising $1 million to scale production from 4 tons/month to 4 tons/day.
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Travel Tech News – Latest Trends, Insights, Views And More on inc42.com
Inc42
·
1m ago
Medial
The travel tech sector in India is rapidly integrating technology with travel services to enhance user experiences through innovations like online bookings and transportation services. The sector hosts around 1,500 startups, supported by increasing internet usage, higher disposable incomes, and a rising middle class. Post-pandemic funding has surged, drawing interest from investors and spawning unicorns like Rategain and OYO. This growth aligns with India’s diverse tourism offerings and the ecosystem’s potential for expansion.
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Decoding healthtech startup Sugar.fit’s Series A funding round
Entrackr
·
1y ago
Medial
Diabetes management startup Sugar.fit has secured $11 million in a Series A funding round led by MassMutual Ventures. The funding will be used to expand the company's product offering, establish an offline presence, and further research and development in the field of diabetes management. The company has been valued at approximately $60 million post-money, and has raised a total of $21 million across two funding rounds. Sugar.fit provides a comprehensive diabetes care program, integrating various devices and offering access to specialists and health coaches.
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Google Joins Hands With News Publishers To Curb Deepfakes
Inc42
·
1y ago
Medial
Google has partnered with news publishers and fact-checkers in India to combat the spread of misinformation, including deepfakes, ahead of the country's upcoming elections. The collaboration, known as 'Shakti, India Election Fact-Checking Collective', will create a platform for independent fact-checkers and Indian language publishers to collaborate and share fact checks, research resources, and alerts regarding viral misinformation and deepfakes. The project also aims to offer training in fact-checking methodologies, deepfake detection, and the use of Google tools for verification processes. This initiative aligns with Google's ongoing efforts to combat misinformation and support journalism through various initiatives and funding programs.
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Turmoil at Byju’s highlights hurdles for India startup scene
Economic Times
·
2y ago
Medial
The recent turmoil at edtech giant BYJU'S sheds light on the challenges faced by the Indian startup ecosystem. Delayed regulatory approvals, operational disruptions, and mounting troubles in maintaining growth are among the hurdles. The incident underscores the need for startups to adapt swiftly to changing market dynamics and navigate a complex business environment to sustain their success. Already stuck in a 15-month funding slump, India’s young companies are in danger of becoming collateral damage to the country’s highest-profile startup crisis in years.
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Hair care brand Arata raises $4 million in series A funding led by Unilever Ventures
Economic Times
·
7m ago
Medial
Indian hair care brand Arata has secured $4m in a series A funding round led by Unilever Ventures, with participation from L'Oréal's corporate venture capital fund, Bold. The investment brings Arata's post-money valuation to INR 195 crore ($26m). The company plans to use the funding to expand its research and development efforts in hair and scalp solutions, strengthen its content and marketing strategies, and focus on talent acquisition. Arata, founded in 2018, offers hair growth, care, dandruff treatment, styling, and maintenance solutions for various hair types.
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