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News on Medial
Govt needs to boost financial support to startups: Snapdeal founder
Economic Times
·
1y ago
Medial
The government needs to increase financial support for the startup ecosystem in order to create a pool of domestic capital for new age businesses, according to Kunal Bahl, cofounder of Titan Capital and founder of Snapdeal. The government's Fund of Funds has invested in 140 domestic funds, but Bahl believes that the allocated amount of $1.2 billion over 10 years is too small for a nation of India's ambition and size. He suggests that the government should provide Rs 5,000 or Rs 10,000 crore annually to fuel the ecosystem. This conversation about boosting capital comes at a time when the startup ecosystem is experiencing a slowdown, with a majority of ownership in startups beyond Series C belonging to overseas funds. The government is reportedly working on a framework to reduce investment risks for local pension funds and insurers in the startup sector.
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Govt inks pact with Paytm for mentorship, funding opportunities for startups
YourStory
·
5m ago
Medial
The government, in partnership with Paytm, has signed an MoU to support Indian startups by providing mentorship, infrastructure, market access, and funding. This collaboration aims to boost fintech and manufacturing startups, offering regulatory and compliance guidance through workshops. The initiative, led by DPIIT and Paytm, focuses on nurturing innovation, helping entrepreneurs scale their ventures, and developing financial technology solutions. Paytm's extensive network will aid startups in testing and refining their products.
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Govt reconstitutes National Startup Advisory Council
Economic Times
·
1y ago
Medial
The government has reconstituted the National Startup Advisory Council (NSAC) and nominated 31 non-official members, including Abhiraj Singh Bhal from Urban Company and Kunal Bahl from Snapdeal. The NSAC was formed by the Department for Promotion of Industry and Internal Trade (DPIIT) in 2020 to provide advice on building a strong ecosystem for startups and innovation in India. The non-official members, selected for a two-year term, include representatives of successful startups, investors, associations, and industry chambers. The NSAC will meet on Tuesday to discuss various measures to promote innovation and entrepreneurship.
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Startup news and updates: Daily roundup (June 28, 2025)
YourStory
·
1m ago
Medial
YourStory's daily roundup highlights various developments in the Indian startup ecosystem, including Meesho's upcoming IPO and Altimetrik's acquisition of SLK Software. The DPIIT partners with L’Oréal India to support beauty tech startups, while AMD India's collaboration with IISc aims to boost semiconductor startups. Additionally, Infosys Co-founder N R Narayan Murthy establishes an annual scholarship at IIM Ahmedabad to support students with exceptional academic performance.
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Repeal Angel Tax & Set Up INR 50K Cr Startup Fund: Mohandas Pai Urges Modi 3.0 Govt
Inc42
·
1y ago
Medial
Former CFO of Infosys and partner at Aarin Capital, T.V. Mohandas Pai, has emphasised the need for funding support for startups. He suggests establishing a INR 50,000 Cr fund over the next five years to boost investment in emerging technologies such as AI. Pai also criticized the government for complex taxation laws and the lack of support for deeptech and other startups with high gestation models. With Prime Minister Narendra Modi set to begin his third term, there are higher expectations for funding and resolving disputes promptly.
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Govt mainstreamed startups; used to be at the bottom of food chain: Paytm's Vijay Shekhar Sharma
Economic Times
·
1y ago
Medial
Paytm founder Vijay Shekhar Sharma spoke at the 7th JIIF Foundation day, highlighting the government's support for startups which has led to a golden period for them in India. Sharma stated that this shift is a dramatic difference from when startups were at the bottom of the job chain. He encouraged entrepreneurs to leverage technology and innovation during this time of opportunity. Sharma also discussed Indian IPOs and the importance of understanding the sentiments of domestic investors. He further emphasized the growth potential of the financial services market in India and the role of mobile payments in facilitating access to credit for micro and small businesses.
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Delhi Govt Aims to Back 15,000 Startups By 2030
Startup News FYI
·
1y ago
Medial
The Delhi government has finalized a draft of its startup policy, aiming to support and encourage 15,000 startups by 2030. The policy includes collateral-free loans, expert guidance, and support for college students. The goal is to establish Delhi as a global innovation hub and the preferred location for startups. The policy aims to provide comprehensive support mechanisms and financial assistance to entrepreneurs, with a focus on creating a supportive ecosystem for innovation-driven economic growth. The government is also working on the development of the Dilli Bazar portal to connect with customers and plans to onboard over 100,000 city shops within six months.
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How Snapdeal founder Kunal Bahl became the titan of early-stage investing
Livemint
·
1y ago
Medial
Snapdeal founders Kunal Bahl and Rohit Bansal have seen success as investors with their venture firm, Titan Capital, making profitable exits from startups like Urban Company, Ola Cabs, and Mamaearth. However, their own e-commerce platform, Snapdeal, failed to achieve the same level of success and faced a boardroom battle with investors. Now, Snapdeal is set to list its logistics-focused SaaS business, Unicommerce, on the Indian stock market. Despite their tumultuous journey with Snapdeal, Bahl and Bansal remain committed to supporting and backing up-and-coming startups through Titan Capital.
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Reserve Bank Innovation Hub, IIMA Ventures launch programme to foster women-centric fintech startups
Economic Times
·
6m ago
Medial
The Reserve Bank Innovation Hub and IIMA Ventures launched Swanari TechSprint 3.0 to support women-centric fintech startups in India. This program provides fintech innovators with resources, mentorship, and funding opportunities to develop solutions addressing women's financial needs. Open to startups with a proven MVP/Product, it aims to enhance women's financial inclusion and economic empowerment. Past winners include Kaleidofin, Merakal, and Vitto, showcasing its impact on innovating gender-inclusive financial solutions.
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Govt tells state-run banks to start up lending game
Economic Times
·
19d ago
Medial
The Indian government has urged public sector banks (PSBs) to boost lending to startups by collaborating with educational institutions and incubation centers to identify and monitor early-stage companies. Despite being among the largest global startup ecosystems, Indian state-owned banks like Bank of Baroda and Punjab National Bank had not sanctioned startup loans for FY25. Plans include a specialized risk rating framework and corporate lending enhancement to support emerging growth sectors.
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CII launches corporate governance charter for startups
Deccan Herald
·
1y ago
Medial
Kunal Bahl, Chairman of the CII National Startup Council and Co-founder of Titan Capital & Snapdeal, emphasizes the importance of integrating good corporate governance principles into startups from the beginning. This ensures that these principles become ingrained in the organization and provide guidance throughout its growth and development.
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