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Indian Family Offices Are Taking Interest In Deeptech: Piyush Goyal
OutlookIndia
·
6m ago
Medial
Indian family offices are increasingly investing in deeptech startups, following the example of foreign investors, according to Union Minister Piyush Goyal. These family offices bring patient capital to technology ventures, contributing significantly to venture capital investments in India. In 2022, they accounted for $9.6 billion of the $23.7 billion invested in Indian startups. While the government encourages investment in technology, it avoids directing how pension funds or insurance capital should be utilized.
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Piyush Goyal’s reality check at Startup Mahakumbh sparks debate
Inshorts
·
4m ago
Medial
At Startup Mahakumbh, Union Minister Piyush Goyal critiqued India's startup ecosystem, urging a shift from low-risk retail models to innovation-driven ventures. Comparing India to China, he highlighted the need for breakthroughs in deeptech sectors. His remarks sparked mixed reactions, with some entrepreneurs criticizing the oversimplification of challenges faced by Indian startups.
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From Critique to Collaboration: Piyush Goyal Engages Founders on India's Startup Future
OutlookIndia
·
3m ago
Medial
Union Commerce Minister Piyush Goyal engaged with startup founders, including OYO’s Ritesh Agarwal, to discuss India’s startup ecosystem, focusing on deeptech, policy frameworks, and expanding to smaller cities. This follows his earlier criticisms of Indian startups. Goyal emphasized government support through funds of funds and easing business operations for startups in Tier 2 and 3 cities. The Startup Policy Forum’s initiative, Startup Baithak, aims to create a roadmap for India’s startup growth, featuring prominent startup founders.
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Behind The Rise Of Family Offices Changing The Indian Startup Investment Landscape
Inc42
·
9m ago
Medial
The Indian startup ecosystem recently surpassed $150 billion in funding in 2024, symbolizing a significant milestone. The achievement showcases the involvement of Indian angel investors, global venture capital firms, and family offices in supporting the growth of startups. Family offices, in particular, are recognized as patient capital and play a crucial role in scaling up tech startups in emerging sectors. The landscape is experiencing a generational shift, with younger high-net-worth individuals showing interest in investing in deep tech and AI startups. However, successfully investing in startups requires family offices to establish professional teams, define clear objectives, and deal with substantial annual expenses.
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National Startup Day 2024: Rajeev Chandrasekhar, Piyush Goyal highlight deeptech, women power
Economic Times
·
1y ago
Medial
On National Startup Day, Indian ministers Rajeev Chandrasekhar, Piyush Goyal, and Dharmendra Pradhan celebrated India's position as the third-largest startup ecosystem globally. Goyal praised the government's efforts to support entrepreneurs, while Chandrasekhar emphasized deeptech as the next wave of innovation. Pradhan congratulated India's entrepreneurs and mentioned the launch of the second phase of Startup India program, which will focus on deep technology startups. India has over 1.17 lakh startups, with a significant number led by women directors and contributing to job creation.
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ProFinTech Pockets Funding To Mitigate MSMEs Challenges With Financial Solutions
Inc42
·
11m ago
Medial
ProFinTech Technologies, a deeptech-driven financial solutions provider, has raised $1.4 million in a seed funding round led by family offices of K.I. Varaprasad Reddy and Rahul Gedupudi. Other participants included family offices of Sreeman Chalasani and Srinivas Kalagara, as well as high-net-worth individuals and family offices from India and the US. The funding will be used to enhance ProFinTech's platform, which offers financing options to micro and small enterprises in India.
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Don't discount consumer tech: Startup founders react to Piyush Goyal's remarks
YourStory
·
4m ago
Medial
Indian startup founders emphasize the critical role of consumer tech in innovation and economic growth, responding to Union Minister Piyush Goyal's call for deeper tech ambitions. Aadit Palicha highlights consumer internet startups' role in tech innovation. While Goyal encourages broader aspirations beyond quick commerce, founders stress consumer tech’s contributions to job creation and investment. They urge government support rather than criticism, highlighting challenges in fostering deeptech entrepreneurship and the need for supportive policies.
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Govt commits 2nd tranche of Rs 10,000 Cr Fund of Funds for deeptech startups: Piyush Goyal
YourStory
·
1m ago
Medial
Union Minister Piyush Goyal announced a Rs 10,000 crore second tranche under the government's Fund of Funds initiative to accelerate India's deeptech startup sector. Speaking at IIT Madras's Sangam 2025 summit, Goyal highlighted the initiative's focus on promoting innovation, and technology absorption and development. The fund offers flexible support through equity and grants. The summit showcased emerging startups and featured AI leaders, underlining India’s technology and economic growth trajectory.
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Deeptech VCs spot big funding momentum on government, geopolitical push
Economic Times
·
1m ago
Medial
Indian deeptech funds, like Speciale Invest and Ideaspring, are raising new funds amid growing interest in deeptech sectors such as AI and robotics. Government support and geopolitical factors favoring India over countries like China have bolstered these efforts. Investments in Indian deeptech doubled in early 2025 compared to the previous year. While challenges remain due to deeptech's long gestation and few success stories, increased global investor interest could see more capital entering the ecosystem.
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Family Offices Bet Big on India's Growth-Stage Start-ups
OutlookIndia
·
7m ago
Medial
Family offices in India are playing a significant role in supporting and funding growth-stage start-ups. With a surge in the number of ultra-high-net-worth individuals (UHNIs) in the country, the number of family offices has also increased, reaching over 300 in 2024. These family offices bring patient capital to new-age businesses and provide not only financial support but also relationship capital and expertise capital. They have accounted for a significant portion of venture capital investments in Indian start-ups and are helping bridge the gap between entrepreneurial ambition and financial backing. Additionally, family offices are also unlocking domestic capital for start-ups, filling funding gaps, and diversifying investment portfolios.
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Commerce minister Goyal accuses Amazon, e-commerce players of predatory pricing
VCCircle
·
11m ago
Medial
India's commerce minister, Piyush Goyal, accused Amazon and other e-commerce companies of engaging in predatory pricing practices. Goyal highlighted Amazon's investments in India, suggesting they have been used to cover the company's losses. Indian regulations prohibit Amazon and Flipkart from selling goods directly to consumers, but small retailers claim that these rules are bypassed using complex business structures. Goyal did not provide evidence to support his claims. Amazon and Flipkart have not responded to requests for comment. Goyal has previously criticized e-commerce giants for undermining smaller businesses.
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