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From friction to flight: Unblocking India’s startup and innovation ecosystem

Economic Times

Economic Times · 4m ago

From friction to flight: Unblocking India’s startup and innovation ecosystem

Union Commerce Minister Piyush Goyal urged Indian startups to venture beyond consumer tech into sectors like semiconductors and AI. This sparked debate and highlighted the need for reforms to ease regulatory burdens and improve funding access. Immediate reforms include digitizing approvals, offering collateral-free loans, and targeted tax reliefs. Long-term recommendations focus on skill-based education, R&D support, and building infrastructure to foster innovation and global competitiveness. Comprehensive action is needed to transform India into a leading startup nation.

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Inc42 · 1m ago

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Inc42 and Simpl hosted the CXO Lounge, a unique networking event for startup leaders in India, highlighting the country's rapidly growing startup ecosystem. With over 175K recognized startups, including 121 unicorns, India boasts the third-largest startup ecosystem globally. The event emphasized reducing friction, improving user experience, and innovation. Indian startups have collectively raised over $161 billion since 2014, reflecting a cumulative valuation of $650 billion, showcasing substantial growth and market impact.

India's Small Cities Home to Over 400 EV Makers: Nitin Gadkari

OutlookIndia

OutlookIndia · 5m ago

India's Small Cities Home to Over 400 EV Makers: Nitin Gadkari

Over 400 electric vehicle (EV) manufacturers are operating in India’s smaller cities, indicating a thriving startup ecosystem, according to Union Transport Minister Nitin Gadkari. Speaking at the Convergence India Expo, Gadkari highlighted the vast domestic and export opportunities arising from this momentum in electric mobility, supported by 42% of India’s power being generated from renewable resources. He also noted efforts to produce biofuels and tackle pollution through innovation, enhancing sustainable transportation in the country.

India’s VC funding soars 69.7% to $883.2 million in Jan 2025

Inshorts · 6m ago

India’s VC funding soars 69.7% to $883.2 million in Jan 2025

India’s VC funding surged 69.7% year-on-year, reaching $883.2 million in January 2025. Deal volume also grew by 40.9%, highlighting investor confidence. While China saw a decline, India’s startup ecosystem thrived, driven by AI-led fintech, health tech, and edtech. Despite challenges, India is emerging as a top global VC destination, shaping the future of innovation.

India now ranks high in startup ecosystem, global innovation index: Union minister Jitendra Singh

Economic Times

Economic Times · 4m ago

India now ranks high in startup ecosystem, global innovation index: Union minister Jitendra Singh

India's startup ecosystem, global innovation index, and patent filings have significantly improved, Union Minister Jitendra Singh stated. Ranked third in the startup ecosystem and 39th on the global innovation index, India boasts a high percentage of resident-filed patents. The Minister emphasized the shift from dependence on foreign investment, highlighting increased government support for science and technology. Singh called for enhanced collaboration between innovation and industry to bolster the country's startup ecosystem.

Mercedes joins hands with DPIIT to support startups

Economic Times

Economic Times · 5m ago

Mercedes joins hands with DPIIT to support startups

Mercedes-Benz India has partnered with DPIIT to support startups through mentorship, funding access, and opportunities for scaling innovations internationally. The collaboration, formalized with a Memorandum of Understanding, aims to foster innovation, sustainability, and entrepreneurship within India’s startup ecosystem. It focuses on advancements in road safety, environmental sustainability, and societal development. Mercedes-Benz will offer infrastructure and market linkages, while DPIIT will enhance visibility and participation through the Startup India initiative.

From garage to glory: How CarDekho's founders built a tech giant from Rajasthan

YourStory

YourStory · 7m ago

From garage to glory: How CarDekho's founders built a tech giant from Rajasthan

CarDekho’s journey challenges the myth that successful tech startups must emerge from India’s metropolitan hubs. Starting in a garage in Jaipur, CarDekho became a billion-dollar platform, highlighting potential in Tier II cities. At the Rising Rajasthan Global Investment Summit 2024, CarDekho’s founders shared insights on their success, attributing it to local roots, a supportive cost environment, and a focus on innovation over competition. This story underscores Rajasthan's budding startup ecosystem and support for entrepreneurs.

Indian Railways to Launch Sandbox to Accelerate Startup Innovation

YourStory

YourStory · 2m ago

Indian Railways to Launch Sandbox to Accelerate Startup Innovation

Indian Railways will launch a sandbox policy to promote innovation by allowing startups a controlled environment to test ideas. Announced by Union Minister Ashwini Vaishnaw, this initiative supports the Startups for Railways program, fostering collaboration with over 3,000 entities. This policy aligns with India’s broader technological advancements, like developing indigenous chipsets and AI infrastructure. It aims to transform the startup ecosystem and modernize the railway network, enhancing safety, efficiency, and customer experience.

Indian startup shutdowns soar 12x amid market reset

Inshorts · 4m ago

Indian startup shutdowns soar 12x amid market reset

India’s startup ecosystem faced a sharp correction as over 28,000 startups shut down in two years. This is a 12x surge from earlier trends. Fuelled by premature funding, market saturation, and lack of PMF, the shakeout reflected a return to disciplined investing. Experts believe this reset will pave the way for stronger, fundamentals-driven startups in India’s next growth phase.

With family offices on board, EV startup Simple Energy is gearing up for growth

VCCircle

VCCircle · 3m ago

With family offices on board, EV startup Simple Energy is gearing up for growth

Electric vehicle startup Simple Energy is advancing its expansion plans with support from family offices and private investors. The Bengaluru-based company is focusing on profitability while scaling up manufacturing, sales, and market presence to strengthen its position in India’s EV ecosystem.

NASSCOM Report: Micro-Startups boost India’s economy

Inshorts · 4m ago

NASSCOM Report: Micro-Startups boost India’s economy

India’s startup boom is being driven by micro-ventures, as revealed in the 2024 NASSCOM report. With under 10 employees and minimal capital, these businesses generated ₹50,000 crore in 2023. Solving hyper-local problems through tech and frugality, they reflect a shift toward lean innovation, reshaping India’s economy from the grassroots and fueling its $5 trillion ambition.

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