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Nearly 50% Investors Believe Modi Govt 3.0 Will Have A Positive Impact On Startup Ecosystem
Inc42
·
12m ago
Medial
46% of VC and angel investors believe that the results of the Lok Sabha 2024 elections will boost investor confidence, according to a survey by Inc42. The survey also revealed that 93% of investors see 2024 as a turnaround year for the Indian startup ecosystem. However, the funding winter persists, with funding remaining nearly stagnant at $5.3 Bn in the first half of 2024.
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$146 Bn+ Raised In 10 Years — The outlook for funding winter-hit Indian startups isn’t that grim after all
Inc42
·
1y ago
Medial
The Indian startup ecosystem has witnessed significant growth and maturity over the years. Since 2014, around 9,995 Indian startups have raised over $146 billion in funding. Despite facing challenges, such as the economic slowdown and the impact of the COVID-19 pandemic, the ecosystem has remained resilient. The government's support through initiatives like the Startup India program and policies like easing of FDI norms have played a crucial role in fostering innovation and attracting investors. Experts believe that the ecosystem will continue to evolve, leading to stronger fundamentals and the emergence of high-quality startups.
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Budget 2024 Decoded: Neelkanth Mishra on Modi 3.0's Impact on Investment Strategies | Exclusive
Money Control
·
12m ago
Medial
In an exclusive interview with Moneycontrol, Neelkanth Mishra, Head of Global Research at Axis Capital, discusses the impact of the first budget under Modi 3.0 on investment strategies. Mishra highlights significant shifts and advises investors to reconsider their equity strategies based on these changes. Watch the interview to understand the implications of Budget 2024 on investment decisions.
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Startup India propelled country to become one of the most vibrant startup ecosystems: PM Modi
YourStory
·
6m ago
Medial
Prime Minister Narendra Modi celebrated the ninth anniversary of the 'Startup India' initiative, emphasizing its role in transforming India into a leading global startup ecosystem. He highlighted the programme's impact on youth empowerment by turning innovative ideas into successful businesses across sectors like technology, healthcare, and sustainable energy. Modi reaffirmed the government's commitment to fostering entrepreneurship through supportive policies and infrastructure, encouraging more young people to engage in the startup ecosystem to further India's self-reliance and economic growth.
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Ashwini Vaishnaw takes charge of IT ministry; promises focus on tech, manufacturing
Economic Times
·
1y ago
Medial
Union Minister Ashwini Vaishnaw has emphasized the government's commitment to bolstering India's position as a global leader in semiconductor and electronics manufacturing. In charge of the Ministry of Electronics and IT (MeitY), Vaishnaw highlighted the transformative impact of government initiatives like Digital India, which has empowered citizens through programs like Jan Dhan and Aadhaar over the past decade. Retaining his portfolio in the Modi 3.0 government, Vaishnaw aims to leverage technology for positive change in the lives of Indian people, particularly the youth, and promote a future driven by new-age technology.
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Will The Tensions In India-Canada Ties Affect Zomato, Paytm, Other New-Age Tech Stocks?
Inc42
·
1y ago
Medial
The deteriorating relations between India and Canada might have an impact on new-age Indian tech stocks such as Zomato and Paytm. While Canadian pension funds like Canada Pension Plan Investment Board are major investors in the Indian startup ecosystem, market analysts believe that the tensions between the two countries are viewed as a political issue and are unlikely to have a significant effect on the Indian stock market. The recent correction in the equity market is attributed to other factors such as the hawkish stance of the US Fed.
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Ecovia a clean-tech startup from Bangladesh exhibits in the world largest tech and startup show GITEX Global
Startup News FYI
·
1y ago
Medial
Ecovia, a clean-tech startup from Bangladesh, showcased their compostable packaging innovation at GITEX Impact, the sustainable tech section of the GITEX Global exhibition. Their customizable, eco-friendly packaging solutions are made from clothing waste, turning it into compostable material. The founders of Ecovia expressed their excitement about the opportunity to engage with industry leaders and the potential for networking and growth at the event. They believe that GITEX will have a positive impact on their mission to build sustainable consumerism practices.
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PM Modi Asks Startup Founders To Seek Patents For Their Innovations
Inc42
·
1y ago
Medial
India's Prime Minister, Narendra Modi, addressed the country's startup ecosystem at the Startup Mahakumbh event, stating that India has become the third largest startup ecosystem globally, with over 1.25 lakh startups and 110 unicorns. Modi urged startup founders to promptly initiate the patenting process, highlighting the importance of protecting their innovations in the fast-paced technology landscape. He also emphasized India's focus on emerging technologies such as artificial intelligence (AI) and its potential to open doors for young entrepreneurs and global investors. The event, which witnessed significant participation, aimed to foster the development of sectors like deeptech, agritech, biotech, medtech, AI, and gaming.
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The Impact of Shark Tank India on the Startup Ecosystem
StartupTalky
·
1y ago
Medial
Shark Tank India, a reality TV show, has had a significant impact on India's startup ecosystem. The show provides a platform for entrepreneurs to showcase their innovative ideas, seek investments, and gain exposure to a wide audience. It has helped change the mindset of the Indian middle class towards entrepreneurship and has increased media visibility for startups. The show has also facilitated secure investments from experienced investors and has contributed to the democratization of funding. It has had a positive influence on the startup culture in India and has connected entrepreneurs with new contacts and networks. However, the credibility of the show has been questioned, and there have been instances of participants not receiving promised investments. The long-term impact of Shark Tank India on the startup ecosystem will depend on several factors, including the success stories that emerge from the show and the overall economic climate in the country.
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Can Startup Mahakumbh Become India’s Answer To Web Summit?
Inc42
·
1y ago
Medial
The inaugural Startup Mahakumbh in Delhi served as a showcase of the growth of the Indian startup ecosystem over the past decade. Although it had some teething issues such as low footfall in certain areas and a lack of participation from venture capital funds and foreign tech companies, organizers are optimistic about its future potential. The event provided startups with a unique sales and networking channel, allowing them to gain visibility and connect with officials and investors. While it is unclear if Startup Mahakumbh will reach the scale and economic impact of events like Web Summit, it marks a positive start for India's tech ecosystem.
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Two years, 35,000+ Job cuts: Indian Startup layoffs continue
Inc42
·
1y ago
Medial
According to Inc42, more than 35,000 startup employees have lost their jobs since the funding winter began in Q1 2022. The layoffs have primarily been led by companies like BYJU'S, Ola, Unacademy, Blinkit, and WhiteHat Jr. Additionally, industry experts believe that over 5,000 layoffs have gone unreported. Factors such as high work stress and the impact of geopolitical and macroeconomic developments have contributed to the attrition in the Indian startup ecosystem. The article also highlights the worst-hit segments, including edtech, consumer services, and enterprise tech. As we look towards 2024, the future for Indian startups remains uncertain.
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