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Razorpay, CRED, Swiggy among 30 startups in Startup Policy Forum

EntrackrEntrackr ยท 8m ago
Razorpay, CRED, Swiggy among 30 startups in Startup Policy Forum
Medial

Indiaโ€™s startup ecosystem has gained a unified platform with the launch of the Startup Policy Forum (SPF), an industry alliance designed to promote collaboration between policymakers and leading ventures. SPF brings together 30 of Indiaโ€™s leading startups across varied sectors, including Razorpay, CRED, Pine Labs, Groww, OYO, Swiggy, Practo, Dream11, MPL, Cars24, CarDekho, Acko, Ixigo, Livspace and Jupiter. "Our startups are driving transformative change by democratizing business and converting job seekers into job creators. We are glad to see many founders joining the Startup Policy Forum (SPF), which should reinforce Indiaโ€™s global leadership in the new-age economy. The forum should play a pivotal role in Indiaโ€™s journey to become Viksit Bharat by 2047 under the visionary leadership of Prime Minister Shri Narendra Modi," said Piyush Goyal, Minister of Commerce and Industry. Founded by former Peak XV executive and public policy expert Shweta Rajpal Kohli, the Forum will do initiatives to promote Indiaโ€™s startup ecosystem on a global stage. The Forum will limit its members to 100 select startups in its initial phase. Over 30 rapidly growing startups have already signed up as members. These include companies like Razorpay, CRED, Pine Labs, Groww, Acko, OYO, Swiggy, Practo, Dream11 and MPL, Cars24 and Cardekho, CureFoods, Livspace, Ixigo, Ultrahuman, Digantara, Invideo, Jupiter, OneCard, Mobikwik, Yubi, platform Progcap, Bluestone among others. The Forum aims to foster constructive collaboration between founders, policymakers, and regulators. SPF will use the governmentโ€™s initiatives to position Indian startups on a global platform. SPF has also established four specialized councils: the Fintech Policy Council (FPC), Consumer and Commerce Council (CACC), Emerging Tech & AI Council (ETAC), and New-Age Public Companies Council (NPCC). These councils will focus on critical areas within the startup ecosystem, collaborating closely with relevant regulators and stakeholders to address unique challenges and opportunities in each sector.

Govt To Introduce A โ€˜Singleโ€™ Platform For Startups, VCs To Ensure Better Collaboration: Priyank Kharge

Inc42Inc42 ยท 1y ago
Govt To Introduce A โ€˜Singleโ€™ Platform For Startups, VCs To Ensure Better Collaboration: Priyank Kharge
Medial

The Indian state of Karnataka, particularly Bengaluru, remains the country's top startup hub despite a decline in funding. The state government has disbursed over INR 50 crore ($7 million) as grants and supported 208 startups in the past six months. Beyond funding, Karnataka provides support to startups through initiatives like the Global Innovation Alliance-Market Access Programme (GIA-MAP) and a public procurement policy for sourcing from startups. The government is working on strengthening the AI ecosystem in Bengaluru and attracting investments outside the state capital through its Beyond Bengaluru program. Additionally, outdated policies and excessive taxation on startups are among the challenges that need to be addressed.

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