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Special seed fund to support startups by differently abled, transpersons: TN MSME minister
YourStory
·
1y ago
Medial
Tamil Nadu's Micro, Small and Medium Enterprises (MSME) Minister has announced a special seed fund for startups run by differently-abled and transgender people in the state. The aim is to promote inclusive growth in the entrepreneurship sector. Plans are also in place to establish new regional startup hubs in Coimbatore and Tiruchi this year, in addition to existing hubs in other cities. The minister also revealed plans to establish global startup coordination centres in Singapore and the US in the future. A design studio called 'Thozhil Nayam' will be established at the StartupTN Chennai Metro Hub to support startups in product design.
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Piyush Goyal Announces Helpline for Startups to Lodge Their Complaints
OutlookIndia
·
3m ago
Medial
Commerce Minister Piyush Goyal announced the launch of a helpline for Indian startups, allowing them to file complaints or make suggestions about legal or operational issues. This initiative, unveiled at the Startup Mahakumbh in New Delhi, will support startups in various languages. Additionally, the government has approved a second round of the Rs 10,000 crore fund to aid small startups in fulfilling their seed funding needs, enabling them to avoid losing significant equity to investors.
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Former Facebook execs’ South Park Commons raising $40 mn for India fund
VCCircle
·
6m ago
Medial
South Park Commons (SPC), founded by former Facebook engineers Ruchi Sanghvi and Aditya Agarwal, is raising $40 million for an India-focused fund to support early-stage startups. SPC expanded into India in 2022, partnering with Flipkart co-founder Binny Bansal and appointing Prateek Mehta to lead SPC India. Founded in 2015, SPC provides support to startup founders and has invested in over 150 startups. The new fund aims to invest in pre-seed and seed-stage Indian companies.
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Defence-focused Jamwant Ventures marks first close of early-stage fund
VCCircle
·
1y ago
Medial
Jamwant Ventures, an early-stage investment firm focused on defence startups, has announced the first close of its angel fund. Founded by former Indian Navy officers Navneet Kaushik and Kartik Gopal, the fund aims to invest in startups working on indigenous defence technologies. The firm plans to increase the size of the fund to allow for broader participation and aims to provide not only financial support but also mentorship to the startups it invests in. The fund plans to invest Rs 50 lakh-1 crore across pre-seed, seed, and Series-A rounds.
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Karnataka Cabinet approves Rs 75 crore seed fund for startups, Rs 79 crore for semiconductor lab
Economic Times
·
4m ago
Medial
The Karnataka state cabinet approved a Rs 75 crore seed fund to promote startups beyond Bengaluru, addressing the concentration of innovation in the city. The "Beyond Bengaluru Cluster Seed Fund" amalgamates existing regional seed funds and aims to support 10,000 startups by 2030. Alongside, a Rs 79 crore Semiconductor Maturity Accelerator Lab 2.0 was approved to attract semiconductor investments, aligning the ecosystem with electronic system development and integration. Both initiatives aim to diversify and boost innovation statewide.
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Odisha govt launches ₹100 crore startup fund
Inshorts
·
1y ago
Medial
The Government of Odisha has launched the Odisha Startup Growth Fund, worth Rs 100 Crore, in collaboration with Small Industries Development Bank of India (SIDBI). The fund aims to support startups in Odisha by investing through Alternative Investment Funds (AIF) over a period of five years. SIDBI will manage the fund and shape its investment strategy. The fund is intended to provide co-investment assistance and prioritize equity or quasi-equity investments. The initiative aims to boost the MSME sector and contribute to India's GDP and employment generation.
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Rapido announces free bike rides to voters in Bengaluru and other cities on Friday
Economic Times
·
1y ago
Medial
Ride-hailing platform Rapido is offering free auto and cab rides to differently-abled and senior citizen voters in Bengaluru on election day, April 26. The initiative, in collaboration with the Election Commission and BBMP, aims to provide equal access for all voters to exercise their democratic right. Users can avail free rides by using the code 'VOTENOW' on the Rapido app. Over 10 lakh captains will be deployed across more than 100 cities to offer free rides on election day. The initiative highlights Rapido's commitment to inclusivity and social responsibility.
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Budget 2025: Govt to float second fund to revive distressed housing projects
VCCircle
·
5m ago
Medial
The government is launching a second fund under the Special Window for Affordable and Mid-Income Housing (SWAMIH) with a corpus of Rs 15,000 crore to support distressed housing projects. Announced by Finance Minister Nirmala Sitharaman in Budget 2025, this follows the first fund established in 2019 with Rs 10,000 crore. The initiative aims to expedite the completion of 1 lakh housing units, addressing the rising number of stalled projects in the country.
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TN government inks deal with Google for Tamil Nadu AI Labs in Chennai
Economic Times
·
10m ago
Medial
The government of Tamil Nadu has signed an MoU with Google to establish the 'Tamil Nadu AI Labs' in Chennai. This partnership aims to skill 2 million young individuals in AI, collaborate with startups, and support the MSMEs and rural economy. Additionally, the government has signed several other MoUs with companies like Nokia, PayPal, Microchip, Yield Engineering Systems, Applied Materials, and Infinx. The Chief Minister of Tamil Nadu, MK Stalin, visited the offices of tech giants such as Apple, Google, and Microsoft during his visit to the United States.
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Antler India Approaches Final Close Of Maiden $75 Million Pre-Seed Fund
OutlookIndia
·
1y ago
Medial
Antler India, an early-stage investment platform, has closed commitments of Rs 500 crore and is nearing the final close of its maiden $75 million pre-seed fund. The fund, backed by institutional and sovereign wealth investors, has already committed investments to 45 Indian startups in sectors like SaaS, fintech, consumer tech, and emerging themes such as ONDC, AI, climate, and Spacetech. Antler aims to support and invest in disruptive startups in India, offering not just capital but also a network of support.
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Early-stage investor 2am VC floats second venture capital fund
VCCircle
·
3m ago
Medial
2am VC, an early-stage venture capital firm, has launched its second fund, aiming to raise $25 million to invest in up to 30 Indian startups primarily at the pre-seed to seed stages. The fund will focus on sectors such as consumer technology, fintech, food and beverage, AI, and SaaS. Led by founders Hershel Mehta and Brendan Rogers, 2am VC plans to lead investment rounds and provide operational support to founders.
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