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Start-Ups Raise $80 Million At 'DDay3' Event

OutlookIndia

OutlookIndia · 2y ago

Start-Ups Raise $80 Million At 'DDay3' Event

The third edition of DDay, co-organized by 9Unicorns and Venture Catalysts, showcased 23 startups that collectively raised around $80 million. Despite market challenges, all participating startups secured funding, with 52% from tier II and III cities. The event strengthens the ability to raise Series A rounds efficiently, aiding startups during uncertain times.

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Kerala Startup Mission to host AI conclave with Google on June 14

Inshorts · 1y ago

Kerala Startup Mission to host AI conclave with Google on June 14

KSUM, the state government's nodal agency for entrepreneurship development and incubation activities, is organising an AI conclave in collaboration with Google for Start-ups on June 14 at Technopark in Thiruvananthapuram. The event aims to assist start-ups in quickly integrating generative AI solutions into their products through a series of multi-format sessions designed by Google for Start-ups.

Mostly Unicorns in India Have done Phenomenally Well, Says Piyush Goyal

OutlookIndia

OutlookIndia · 7m ago

Mostly Unicorns in India Have done Phenomenally Well, Says Piyush Goyal

Union Minister Piyush Goyal highlighted the rising success of Indian unicorns in 2024, attributing it to the country's thriving start-up ecosystem. Speaking at a New Delhi event, Goyal assured government support for sustained growth, citing 76 IPO offerings as proof of success. He announced the Bharat Start-Up Grant challenge and PRABHAAV Factbook to bolster start-ups. The event marked nine years of the Startup India initiative, emphasizing entrepreneurship promotion since 2016.

IIT Bombay's tech incubator platform mulls raising $12 mn foor deeptech bets

VCCircle

VCCircle · 9m ago

IIT Bombay's tech incubator platform mulls raising $12 mn foor deeptech bets

The Society for Innovation & Entrepreneurship (SINE), an incubator at IIT Bombay, plans to establish a $12 million fund to support deeptech start-ups and ventures in areas of national importance. The fund will focus on sectors such as science, biotech, space, and defence to drive innovation. SINE will seek support from IIT Bombay alumni to raise the capital for the fund, which aims to build on the incubator's 20-year track record of supporting start-ups. SINE has partnerships with various government ministries and offers resources like workspaces, labs, and access to funding.

Specialty coffee chain Blue Tokai in talks to raise funding at over $180 million valuation: Report

IndianStartupNews

IndianStartupNews · 1y ago

Specialty coffee chain Blue Tokai in talks to raise funding at over $180 million valuation: Report

Indian specialty coffee chain Blue Tokai has secured an undisclosed amount of funding from 12 Flags Group, a consumer fund created by former Reckitt Benckiser global chief Rakesh Kapoor. The exact funding details remain undisclosed, but reports suggest that Blue Tokai is in discussions to raise an additional $40 million at a $160 million valuation. Currently operating in India and Japan, Blue Tokai has four roasteries and over 80 physical outlets across various Indian cities, with regular pop-ups in Tokyo.

Indus Appstore And Start-Up India Collaborate To Launch Indus Appstore Emerging Start-Up Awards

OutlookIndia

OutlookIndia · 1y ago

Indus Appstore And Start-Up India Collaborate To Launch Indus Appstore Emerging Start-Up Awards

PhonePe's Indus Appstore, in collaboration with Start-up India, has launched the Indus Appstore Emerging Start-up Awards. The awards aim to recognize and celebrate innovative start-ups in sectors like Fintech, e-commerce, social impact, HealthTech, AgriTech, and gaming. Eligible start-ups must be registered under Start-up India, operational for at least one year, and have their applications listed on the Indus Appstore Developer Platform. Winners will receive a cash prize and entry into the Indus Accelerate Program. Start-ups can apply by uploading their app on the Indus Appstore and completing the required questionnaire on the Start-up India website.

Lenskart Pitches to Bankers for $1 Bn IPO, Seeks $7 Bn Valuation

OutlookIndia

OutlookIndia · 7m ago

Lenskart Pitches to Bankers for $1 Bn IPO, Seeks $7 Bn Valuation

Lenskart, an eyewear start-up, is planning an Initial Public Offering (IPO) to raise between $750 million to $1 billion, targeting a valuation of $7 to $8 billion. This move aligns with the trend of tech companies in India planning IPOs, with around 25 start-ups expected to go public in 2025. Lenskart aims to join the likes of Swiggy and Paytm. Its recent financials reflect significant revenue growth and a reduction in losses.

StartUp Sphere 2024 highlights ICAI’s impact on India’s economic growth, innovation; launches start-up and MSME yatra

Business Today

Business Today · 1y ago

StartUp Sphere 2024 highlights ICAI’s impact on India’s economic growth, innovation; launches start-up and MSME yatra

The Institute of Chartered Accountants of India (ICAI) launched StartUp Sphere 2024 in Bengaluru, aiming to connect start-ups with industry experts, investors, and influential partners. Supported by various organizations, including Startup India and MeitY Startup Hub, the event provided a platform for networking, discussing trends, and showcasing innovations. ICAI President Ranjeet Kumar Agarwal emphasized their commitment to supporting the start-up ecosystem with mentorship, capital access, and training programs. Additionally, ICAI inaugurated the ICAI MSME and Startup Yatra, which will travel to 100 cities to promote financial and tax literacy among MSMEs and start-ups.

AI2 Incubator scores $200M in compute to feed needy AI startups

TechCrunch · 1y ago

AI2 Incubator, a start-up accelerator spun out of AI research organization the Allen Institute for AI, has secured $200m worth of computing resources to offer to start-ups in its incubator program. The dedicated AI-style compute can help early-stage companies accelerate their development and overcome resource constraints. Start-ups in AI2 Incubator's portfolio or program can access up to $1m worth of computing at data centers owned by a yet unnamed partner. The initiative aims to help start-ups showcase early traction and bring their AI products to market faster.

Fintech Dominates Secondary Transactions in 2023 and 2022, Followed by SaaS and E-commerce Peaks in 2021: Report

OutlookIndia

OutlookIndia · 1y ago

Fintech Dominates Secondary Transactions in 2023 and 2022, Followed by SaaS and E-commerce Peaks in 2021: Report

According to PrivateCircle's Indian Start-Ups Deal Report 2023, Fintech and SaaS witnessed the highest number of secondary transactions in both 2023 and 2022 in India. The report tracked 117 start-ups valued at $500 million or more and found that Fintech consistently provided exits to investors, while SaaS showed resilience in this aspect as well. The report also highlighted a drop in start-up funding, with a 62% decrease in primary funding in 2023 compared to the previous year. Despite the slowdown, venture capital funds have sufficient capital for investments, and activity is expected to pick up later in the year. Lenskart raised the largest funding round of $500 million.

Startup hiring in high-paying senior positions dropped 80% YoY in Q1 2023

Deccan Herald · 2y ago

Startup hiring in high-paying senior positions dropped 80% YoY in Q1 2023

Employees up in the hierarchy haven’t been spared from the cost-cutting start-ups are adopting across industries. Hiring in senior leadership roles in India dropped 80 per cent year-on-year in the first quarter of 2023, according to a report by executive search and talent advisory firm, LONGHOUSE Consulting.

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