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Social justice and the start-up ecosystem
Money Control
·
1y ago
Medial
The Minister for Information Technology and Digital Services of Tamil Nadu, PTR Palanivel Thiagarajan, has expressed the government's commitment to ensuring equitable access and social justice within the start-up and innovation ecosystem. The government has allocated targeted funds and training programs for SC/ST entrepreneurs and women, aiming to overcome barriers and biases that limit their access to resources and networks necessary for start-up success. The article questions whether social justice and affirmative action are necessary in the start-up ecosystem.
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Indus Appstore And Start-Up India Collaborate To Launch Indus Appstore Emerging Start-Up Awards
OutlookIndia
·
1y ago
Medial
PhonePe's Indus Appstore, in collaboration with Start-up India, has launched the Indus Appstore Emerging Start-up Awards. The awards aim to recognize and celebrate innovative start-ups in sectors like Fintech, e-commerce, social impact, HealthTech, AgriTech, and gaming. Eligible start-ups must be registered under Start-up India, operational for at least one year, and have their applications listed on the Indus Appstore Developer Platform. Winners will receive a cash prize and entry into the Indus Accelerate Program. Start-ups can apply by uploading their app on the Indus Appstore and completing the required questionnaire on the Start-up India website.
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DPIIT Partners with Bhaane Group for Manufacturing Start-Ups' Incubation
OutlookIndia
·
6m ago
Medial
The Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with Bhaane Group to foster manufacturing start-ups through incubation programs. This collaboration aims to strengthen ties within the international start-up ecosystem, providing start-ups with market insights and a holistic understanding of foreign markets. The initiative reflects DPIIT's ongoing efforts to bolster India’s manufacturing sector, building upon previous strategic partnerships with corporates like ITC Limited and Walmart to support start-up growth and innovation.
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Reality Check: Edelweiss' Radhika Gupta Points Out Harsh Truth Behind Start-Up Glamour
OutlookIndia
·
7m ago
Medial
Radhika Gupta, CEO of Edelweiss Mutual Funds, has warned aspiring entrepreneurs about the glamorization of the start-up ecosystem. She emphasized that the reality of building a start-up involves challenges such as limited budgets, constant rejection, and pressure for revenue. Gupta urged entrepreneurs to approach the start-up world with a realistic perspective rather than falling for the romanticized version often portrayed. This highlights the need for a deeper understanding of the difficulties and sacrifices involved in entrepreneurship.
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Start-ups: What you look for when betting on them
Deccan Herald
·
1y ago
Medial
Indian start-ups have received a whopping $3.8 billion in investments from both domestic and international investors in the first half of 2023, according to the PricewaterhouseCoopers India Report. This reflects the growing interest and confidence in the country's start-up ecosystem.
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'Founders Are Heros, Not Dukaandars': Sanjeev Bhikchandani Joins 'Piyush Goyal vs Indian Start-Ups' Debate
OutlookIndia
·
4m ago
Medial
Info Edge founder Sanjeev Bikhchandani has criticized Union Minister Piyush Goyal's negative comments on Indian start-ups, calling them "untrue" and "unfounded." Bikhchandani emphasized the risks and contributions of start-up founders, asserting they deserve respect. Goyal's remarks, which compared Indian and Chinese businesses, have sparked industry backlash. Leaders like Ashneer Grover and Mohandas Pai defended the entrepreneurial ecosystem and sought government support. A start-up helpline was announced for complaints and suggestions.
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Have Paytm and Byju's debacles dented startups' prospects? Experts weigh in
Livemint
·
1y ago
Medial
The recent setbacks faced by Indian start-ups Paytm and Byju's have raised questions about the future of the start-up and entrepreneurship landscape in India. Paytm has been hit with regulatory limits from the Reserve Bank of India, while Byju's is dealing with money laundering allegations and investor pushback. These challenges have prompted discussions about the impact on the start-up ecosystem and the need for caution and regulatory compliance. Despite these setbacks, experts remain optimistic about the future of the Indian start-up space, citing the sustained growth of the digital economy and government initiatives as positive factors.
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US-based Pienza Ventures to offer accelerator initiative for Indian B2B startups
Livemint
·
1y ago
Medial
Seattle-based venture fund Pienza Ventures is investing $5 million in SAAS-based B2B Indian start-ups. The fund aims to facilitate market access to the US, the world's largest start-up ecosystem, through its accelerator program. Pienza will provide personalized, one-to-one mentoring and strategic guidance to a limited number of companies. The fund plans to focus on market readiness, early access to customers, and on-ground immersion in the US. Pienza is looking for B2B SAAS or AI companies with 5 to 10 early customers and/or $500k in annual recurring revenue. India's start-up ecosystem is robust, attracting over $8 billion in funding in 2023 alone.
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Mostly Unicorns in India Have done Phenomenally Well, Says Piyush Goyal
OutlookIndia
·
6m ago
Medial
Union Minister Piyush Goyal highlighted the rising success of Indian unicorns in 2024, attributing it to the country's thriving start-up ecosystem. Speaking at a New Delhi event, Goyal assured government support for sustained growth, citing 76 IPO offerings as proof of success. He announced the Bharat Start-Up Grant challenge and PRABHAAV Factbook to bolster start-ups. The event marked nine years of the Startup India initiative, emphasizing entrepreneurship promotion since 2016.
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Thanks to SaaS, Chennai remains unperturbed by funding winter, claims report
Business Today
·
2y ago
Medial
The funding winter may have been sending chills across the start-up ecosystem, but it appears not to have penetrated Chennai’s humid climate. According to a report by global consulting firm PricewaterhouseCoopers (PwC), while metro cities such as Delhi, Mumbai, Bengaluru, Pune and others saw a decline in the number of start-up deals, Chennai, on the contrary, saw an uptick.
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T-Hub Unveils T-Scale for Series-A Start-Ups, Establishes Six New Partnerships
OutlookIndia
·
1y ago
Medial
Hyderabad-based start-up incubator T-Hub has announced new partnerships on its eighth Foundation Day. Collaborations include initiatives with CARE, Carrier Global, SIDBI, FalconX, KPMG, and the Association of Geospatial Industries. T-Hub also revealed two flagship programs: T-Bridge, which aims to facilitate global market access for start-ups, and T-Scale, a growth maturity model with a 12-month journey to help start-ups achieve Series-A readiness. T-Hub has played a significant role in the Telangana start-up ecosystem, attracting investments of $3.5 billion, fostering over 600 corporate partnerships, and supporting over 3,000 start-ups.
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