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Startups, SMEs increasingly covet so-called fractional CXOs
Livemint
ยท
1y ago
Medial
Fractional CXOs, experienced executives working part-time with multiple companies, are in high demand among startups and SMEs in India. The trend has grown notably in the last two years, with a 10-12% increase in hiring fractional CXOs observed by HR consulting firm Randstad. These executives offer flexible expertise in domains like finance, marketing, and strategy, and are sought after for their ability to fuel growth and provide specialized skills. They bring financial discipline to startups and fill the gap in areas like finance, marketing, and technology.
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Cybercriminals target SMEs as large companies beef up security
Economic Times
ยท
11m ago
Medial
Cybercriminals are focusing their attacks on small and medium-sized enterprises (SMEs) as larger organizations invest in cybersecurity measures. Hacker groups like Lockbit, BlackCat, and Akira are increasingly targeting SMEs in healthcare, retail, and manufacturing. Attacks on SMEs in India have significantly increased, with almost half of all incidents occurring in 2023. While only 10% of attacked large organizations paid ransom, 44% of SMEs paid amounts ranging from $25,000 to $100,000. The impact of these attacks can be devastating for SMEs, who struggle to recover financially and reputationally. Improved cybersecurity measures are necessary for protecting against prevalent threats.
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Investors back top execs venturing out on their own
Livemint
ยท
1y ago
Medial
Early-stage investors are increasingly investing in CXOs who have left established startups to pursue their entrepreneurial ambitions, leveraging their experience to navigate challenging business environments. For instance, Farid Ahsan, the co-founder of Sharechat, has launched General Autonomy, a startup aimed at automating factories, with backing from IndiaQuotient and Elevation Capital. This trend of backing experienced executives-turned-founders has gained traction in recent years, as they possess a deep understanding of customer problems, scaling-up experiences, and networking abilities. Additionally, they are well-versed in handling investors and fundraising, making them attractive investment prospects.
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30 Startups To Watch: Startups That Caught Our Eyes In May 2024
Inc42
ยท
1y ago
Medial
An increasing number of second-time founders and CXOs are joining the Indian startup scene. The latest edition of the '30 Startups to Watch' series saw a rise in the adoption of AI among the selected startups. About 60% of these startups have raised less than $2 Mn or are self-funded.
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Corporate Innovation Conclave to be held in Hyderabad on March 7
Inshorts
ยท
5m ago
Medial
The Corporate Innovation Conclave 2025 (CIC25) will take place at the Hyderabad International Convention Centre (HICC) on March 7 (Friday). Organized by T-Hub, CIC25 aims to promote corporate-startup collaborations and drive business growth through innovation. The inaugural edition will bring together 300+ corporate leaders (CXOs, VPs, Directors) and 100+ revenue-generating startups.
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Shark Tank India Season 1 logs only 41% deal close rate; Namita Thapar fulfilled maximum investment commitments, Anupam Mittal lowest
Economic Times
ยท
2y ago
Medial
Over a year after Shark Tank India Season 1 aired on television, seven of the so-called sharks (investors) completed only 27 of the 65 soft commitments that they had agreed to deploy in startups that participated in the show, according to an analysis by PrivateCircle Research.
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Senior executives exit startups to the safe shores of big local business groups
Economic Times
ยท
1y ago
Medial
Senior executives are leaving startups to join established local business groups, seeking stability and established growth paths. The trend highlights a shift in talent movement from startups to more established companies, driven by the appeal of established infrastructure and resources. This migration underscores the ongoing evolution of the startup landscape and the allure of established corporate environments amid market uncertainties. Since September 2022, about 750 senior executives (CXOs and CXO-1) out of about 5,000 top professionals (with more than Rs 1 crore salary) exited unicorns and soonicorns.
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Startup Policy Forum launches CNPC to support IPO-bound startups in India
Entrackr
ยท
22d ago
Medial
Startup Policy Forum launches CNPC to support IPO-bound startups in India CNPC will facilitate regulatory dialogue, conduct training on compliance and governance, and enable peer learning and policy guidance for founders and CXOs. The Startup Policy Forum (SPF), an alliance of over 50 Indian new-age companies, has launched the Centre for New-Age Public Companies (CNPC) to support startups transitioning from private to public markets. The platform aims to address regulatory, governance, and market-readiness challenges as India sees a growing pipeline of IPO-ready startups. The CNPC was formally launched in the presence of SEBI Chairman Tuhin Kanta Pandey during a high-level meeting with 20 startup founders and leaders in Mumbai. The initiative comes at a time when nearly 40 startups, with a combined valuation exceeding $90 billion, are expected to go public in the coming years. โIndiaโs capital markets are witnessing a structural shift, with new-age and tech-driven companies increasingly dominating IPO pipelines and investor interest. The Centre will enhance readiness and resilience of new-age companies as they enter and thrive in public markets,โ said Shweta Rajpal Kohli, President and CEO, Startup Policy Forum. SPFโs membership includes listed startups like Swiggy, ixigo, Ather Energy, and MobiKwik, with others such as Meesho, Groww, Curefoods, Bluestone, and PhysicsWallah also preparing to list. The CNPC aims to build market confidence, improve capital market preparedness, and enable Indiaโs next generation of public tech companies.
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Early-stage VC firm Veda VC makes first close of Rs 250Cr fund
IndianStartupNews
ยท
1y ago
Medial
Veda VC, an early-stage venture capital firm, has achieved the first close of its Rs 250 crore ($30 million) fund, led by family offices and startup CXOs. The SEBI-registered fund will invest in Indian tech and tech-enabled startups, focusing on consumer internet, SaaS, fintech, and deeptech sectors, with investment sizes ranging from $250,000 to $1.25 million. Veda VC aims to support portfolio companies with not only capital but also domain expertise, network, and execution skills. The Bengaluru-based firm, founded in 2019, has already invested in 46 startups, several of which received follow-on funding from notable investors.
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Legal tech startups power India's digital legal revolution
Inshorts
ยท
2m ago
Medial
Legal IT startups in India are transforming access to legal services for startups and SMEs. Platforms like Vakilsearch and SpotDraft use AI and automation for affordable legal aid, from compliance to contracts. As India eyes a $5 trillion economy, these legal tech innovators are boosting transparency, easing operations, and laying the groundwork for a digitally empowered business ecosystem.
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OpenAI's partnership with Microsoft is under strain: Report
Inshorts
ยท
9m ago
Medial
OpenAI's partnership with Microsoft is increasingly showing signs of strain, New York Times reported. The partnership, which OpenAI CEO Sam Altman once called "the best bromance in tech", began to show cracks after Altman's brief ouster by OpenAI's board, the report added. Microsoft has been increasingly hesitant in supplying OpenAI with the cash and computing power, the report further said.
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