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Startups Can Leverage India’s DPIs To Fuel Business: Axilor Exec

Inc42 · 1y ago

Startups Can Leverage India’s DPIs To Fuel Business: Axilor Exec

During the Startup Mahakumbh event in New Delhi, Infosys co-founder Kris Gopalakrishnan praised India's unique digital public infrastructure (DPI), stating that it presents an opportunity for domestic startups to benefit from it. He compared it to the western model where a few players control the entire infrastructure, including apps and services. India's DPI allows for an open playing field where nobody owns the infrastructure and everyone can participate equally. Gopalakrishnan also predicted the emergence of a health stack in India, similar to the Unified Payments Interface (UPI), which would bring together hospitals and insurers.

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Former WestBridge exec to float own venture capital fund

VCCircle

VCCircle · 1y ago

Former WestBridge exec to float own venture capital fund

Former head of finance and company secretary at private equity firm WestBridge Capital, Ramanathan K, is launching his own venture capital fund. Having previously set up his own boutique financial advisory and services firm after leaving WestBridge, Ramanathan now aims to establish a new VC fund. With significant experience in the industry, Ramanathan seeks to leverage his expertise to support promising startups and fuel innovation.

‘Investing is as impactful...’: Deepak Shenoy defends India’s wealthy heirs as next-gen billionaire debate heats up

Business Today

Business Today · 4m ago

‘Investing is as impactful...’: Deepak Shenoy defends India’s wealthy heirs as next-gen billionaire debate heats up

Deepak Shenoy defends India's wealthy heirs amid debates, stating that investing and providing capital to startups is as impactful as building businesses. He highlights concerns about India's wealthy moving money abroad and emphasizes structural challenges limiting growth. Despite criticism about the lack of entrepreneurial drive in "nepo kids," Shenoy argues that strategic investment can fuel new entrepreneurship. He emphasizes the need to improve business laws to bolster India's manufacturing sector.

Fintech startup Efficient Capital Labs raises $7M in funding led by QED Investors, others

IndianStartupNews

IndianStartupNews · 2y ago

Fintech startup Efficient Capital Labs raises $7M in funding led by QED Investors, others

Efficient Capital Labs, a fintech startup, has secured pre-Series A funding from QED Investors and other investors. The company offers data-driven lending solutions and aims to make credit more accessible to underserved segments. The funding will be used to expand operations, strengthen technology infrastructure, and fuel business growth. Efficient Capital Labs plans to leverage the investment to further develop its lending platform and serve a wider customer base.

Small businesses power 30% of GDP, need support to thrive

Inshorts · 1m ago

Small businesses power 30% of GDP, need support to thrive

India’s small businesses, from kirana stores to digital startups, contribute 30% to GDP but face hurdles like funding gaps, red tape, and digital illiteracy. With fintech, training, and policy support, these resilient ventures can thrive. Supporting them means fueling local dreams and strengthening the economy, because the future of India’s growth lies in its small, determined entrepreneurs.

From Critique to Collaboration: Piyush Goyal Engages Founders on India's Startup Future

OutlookIndia

OutlookIndia · 2m ago

From Critique to Collaboration: Piyush Goyal Engages Founders on India's Startup Future

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.

EIL Partners with CSIR-IIP to Establish 20 KLPD Bio-ATF

OutlookIndia

OutlookIndia · 1m ago

EIL Partners with CSIR-IIP to Establish 20 KLPD Bio-ATF

Engineers India Limited (EIL) is collaborating with the Council of Scientific and Industrial Research – Indian Institute of Petroleum (CSIR-IIP) to establish India’s first bio-aviation turbine fuel plant at the Mangalore Refinery and Petrochemicals Limited (MRPL) facility. This 20-kilolitre-per-day plant will produce bio-aviation turbine fuel, using bio-vegetable oil, marking a significant step toward sustainable aviation fuel options. This initiative addresses the growing carbon emissions from the expanding aviation sector.

Why Hard Startups Win: Sam Altman on Tackling Big Challenges

Internet

Internet · 3m ago

Why Hard Startups Win: Sam Altman on Tackling Big Challenges

In this blog post, Hard Startups, Sam Altman argues that building a difficult startup can be more rewarding than pursuing an easy one. Hard startups often attract more talent, funding, and support because they tackle significant challenges. He encourages founders to think big, commit long-term, and leverage ambitious goals to recruit top talent. Go to the source to read more.

GST reforms must align with global trade: PwC

Economic Times

Economic Times · 18d ago

GST reforms must align with global trade: PwC

A PwC report suggests that India’s GST system requires reforms to better align with global trade and attract investment. The report emphasizes the need for transparency, business-friendly policies, and key reforms, including rate rationalization, broadening input tax credit eligibility, and including aviation turbine fuel and natural gas under GST. Additionally, transitioning to a three-tier rate structure is recommended to reduce disputes and enhance tax certainty. GST collections have significantly doubled over five years, reaching an all-time high.

Zepto elevates Chai Point exec to CXO, Zepto Café as 10-minute deliveries take off

YourStory

YourStory · 7m ago

Zepto elevates Chai Point exec to CXO, Zepto Café as 10-minute deliveries take off

Quick-commerce company Zepto has promoted Shashank Shekhar Sharma to the position of Chief Experience Officer (CXO) for Zepto Café. Sharma will be responsible for overseeing the café's operations, expansion, equipment procurement, and customer experience. Zepto aims to leverage the popularity of its café business to enter the food delivery market, competing with existing players like Zomato and Swiggy. The move comes as Zepto launches its café service as a standalone app, catering to the growing demand for quick food delivery in India. Sharma previously worked at Chai Point for six years as the national head of retail.

IIT Bombay incubator to scale startup support, launch Rs 100 Cr VC fund

YourStory

YourStory · 7m ago

IIT Bombay incubator to scale startup support, launch Rs 100 Cr VC fund

The Society for Innovation & Entrepreneurship (SINE), a technology business incubator based at IIT Bombay, plans to expand its support to 1,000 startups over the next 10 years. Currently, SINE has nurtured 245 startups with an impressive 80% survival rate. To fuel its growth, SINE will launch a Rs 100-crore venture capital fund to finance deeptech startups in sectors like biotech, space, defence, and sustainability, with backing from IIT Bombay alumni. SINE has produced successful startups like Gupshup and IdeaForge and aims to become a dominant force in innovation and entrepreneurship in India.

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