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10 Indian Startups Which Made Into WEF's Tech Pioneers Lis

Inc42 · 1y ago

10 Indian Startups Which Made Into WEF's Tech Pioneers Lis

The list of top technology companies includes nine Indian companies, such as Pixxel, Sarvam AI, and Cropin. These companies join notable names like Airbnb, Google, and Spotify. Interestingly, one-third of the companies on the list are led by women CEOs.

Related News

Pixxel, Sarvam AI, Niramai among 10 Indian startups in WEF's Tech Pioneers list

Money Control

Money Control · 1y ago

Pixxel, Sarvam AI, Niramai among 10 Indian startups in WEF's Tech Pioneers list

Ten Indian tech startups, including Pixxel, Niramai, and Sarvam AI, have been recognized by the World Economic Forum's Technology Pioneers 2024 list. The list features 100 leading tech startups focused on applying AI breakthroughs in areas such as clean energy, healthcare innovation, biotech, space, and neurotechnology. Other Indian startups named include Amperehour, Cropin, Entri, HealthPlix, International Battery Company, NxtWave, and String Bio. The startups will join past honorees like Airbnb, Google, Kickstarter, and Spotify. About a third of the recognized startups are led by female chief executives.

World Economic Forum features 10 Indian startups as Tech Pioneers; spacetech wins big

Economic Times

Economic Times · 2m ago

World Economic Forum features 10 Indian startups as Tech Pioneers; spacetech wins big

The World Economic Forum has recognized 10 Indian startups as 'Technology Pioneers' of 2025. These startups, including Agnikul Cosmos, Digantara, and GalaxEye, are innovating in space tech, electric mobility, robotics, and healthcare. Space startups are notably prominent, highlighting India's growing deep tech ecosystem, especially with contributions to space launches, situational awareness, and earth observation. This recognition is expected to boost global interest and investment in India's tech sector.

Indian startups are approaching CCI against Google's ‘brazen’ move

Livemint

Livemint · 1y ago

Indian startups are approaching CCI against Google's ‘brazen’ move

Indian startups have approached the Competition Commission of India (CCI) to intervene in their dispute with Google. The startups argue that Google's decision to delist around 200 Indian apps from the Google Play store was anti-competitive, and they are calling for the tech giant to reverse its decision. The dispute arose due to Google's imposition of fees on in-app payments made by Indian startups, which the startups claim to be an abuse of Google's dominant market position. Union Ministers have also met with Google and Indian startups to seek a resolution to the crisis.

Late-stage investing is stuck as Indian companies still at 2021 valuations: SoftBank Vision Fund’s Sumer Juneja

Economic Times

Economic Times · 2y ago

Late-stage investing is stuck as Indian companies still at 2021 valuations: SoftBank Vision Fund’s Sumer Juneja

Late-stage Indian startups are maintaining their 2021 valuations, unlike their global counterparts, which have seen significant cuts. This has made investors like SoftBank Vision Fund hesitant to invest in the Indian market. Sumer Juneja, Managing Partner at SoftBank Investment Advisers, stated that many top Indian tech companies are well capitalized and have cut costs, leading to their reluctance to accept lower valuations. The situation is expected to change by next year as valuations soften. Juneja mentioned that consolidation and down rounds would likely increase in 2024, driven by IPOs and companies growing into their valuations.

US-Based Alphatron Closes Maiden Fund At $30 Mn To Invest In Indian Startups

Inc42 · 1y ago

US-Based Alphatron Closes Maiden Fund At $30 Mn To Invest In Indian Startups

US-based venture capital firm Alphatron Capital has closed its maiden fund at $30 million, surpassing its initial target of $25 million. The fund, which focuses on startups in the SaaS, fintech, healthtech, AI/ML, digital content, and D2C sectors, aims to provide US investors with access to India's tech companies. Alphatron acts as a limited partner for India-focused VCs and PEs, investing in Indian startups. The firm has already invested in 11 funds, including Chiratae Ventures and Speciale Invest, and made five SPV/co-investments.

Sanjeev Bikhchandani hits back at startup critics: 'Founders take a risk'

Business Today

Business Today · 4m ago

Sanjeev Bikhchandani hits back at startup critics: 'Founders take a risk'

Sanjeev Bikhchandani, founder of Info Edge, defended Indian startups against Suhel Seth's criticism, which labeled 80% of them as a "racket." Bikhchandani asserted that this claim is untrue and unfounded. He highlighted the significant $15 billion investment by Masa Son and SoftBank in India. While Piyush Goyal expressed concerns about the focus on low-value gig work over deep-tech innovation, Suhel Seth further challenged statements made by Zepto co-founder Aadit Palicha.

Classplus Invests In Gujarat-Based Test Prep Platform GyanLive

Inc42 · 1y ago

Classplus Invests In Gujarat-Based Test Prep Platform GyanLive

Edtech unicorn Classplus has made a strategic investment in Gujarat-based startup GyanLive, which offers test preparation courses for state government job aspirants. GyanLive plans to use the funds to expand into national-level government job exams and school exam preparation in regional languages. The partnership will also allow GyanLive to leverage Classplus' technology to improve its tech stack. Classplus has previously made investments in edtech startups like Abhay Maths and Saarthi, although some of these investments have been involved in controversies. Classplus reported a net loss of INR 256.6 crore ($34 million) in FY23, with operating revenue of INR 102.04 crore.

9 Spiritual Tech Startups Transforming India’s Faith Market

Inc42 · 10m ago

9 Spiritual Tech Startups Transforming India’s Faith Market

The Indian religious and spiritual market is growing rapidly, with a predicted CAGR of 10% until 2032. The market is currently worth $58.56 billion, and there are over 900 spiritual tech startups in the country. These startups provide services such as e-darshan, e-pooja, and prasad delivery. Interestingly, the majority of these startups' revenue, about 70%, comes from the younger generation aged 25-35 years.

India with 3,600 deeptech startups ranks 6th globally: Nasscom

Inshorts · 1y ago

India with 3,600 deeptech startups ranks 6th globally: Nasscom

India, with more than 3,600 deeptech startups, ranked 6th among the top nine deeptech ecosystems in the world (excluding China) in 2023, a Nasscom report said. Of the 3,600 startups, 480 were founded last year. The Indian deeptech startups cumulatively raised $10 billion in the last five years, of which $850 million was raised in 2023 itself.

Jordan's ISSF raises LP-style bet on early-stage VC fund

VCCircle

VCCircle · 1y ago

Jordan's ISSF raises LP-style bet on early-stage VC fund

Jordan's ISSF, the Innovative Startups and Small and Medium Enterprises Fund, has made a limited partner-style follow-on investment in an existing portfolio fund that supports early-stage tech startups in the region. ISSF, which is a $98 million fund, has invested in funds managed by Shorooq Partners, Endeavor Catalyst, Arzan Venture Capital, Access Bridge Ventures, Global Ventures, and other ventures.

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