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News on Medial
UK's Deloitte launches AI incubator to serve Indian, global companies
IndianStartupNews
·
1y ago
Medial
Deloitte has introduced the Global Generative AI Market Incubator to foster innovation in generative AI for global and Indian businesses. The AI incubator will utilize Deloitte's professionals' sector expertise and AI/ML skills to expedite project timelines and deliver immediate value. Deloitte is actively engaged in various global projects involving generative AI, collaborating with academic institutions and industry bodies to scale generative AI talent pool. The initiative aims to provide sustainable business outcomes and accelerate generative AI deployments in emerging technologies.
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KRAFTON's India unit launches inaugural cohort under gaming incubator
IndianStartupNews
·
1y ago
Medial
KRAFTON has launched the first cohort under its KRAFTON India Gaming Incubator (KIGI). The program aims to support and nurture local gaming talent in India by providing mentorship, guidance, and financial support to develop high-quality game titles. KIGI differentiates itself with KRAFTON's global expertise and commitment to the Indian gaming ecosystem. The incubator already selected two startups, ReDimension Games and Shura Games, and is reviewing applications for a larger second cohort. KIGI offers a support system that includes a mentorship period and grants ranging from $50,000 to $150,000. KRAFTON has invested $140 million in 11 Indian startups.
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KRAFTON India launches inaugural cohort under gaming incubator, invests in 2 companies
Thehindubusinessline
·
1y ago
Medial
South Korean game developer KRAFTON India has launched KRAFTON India Gaming Incubator (KIGI), aiming to nurture game development talent in India. The program offers mentorship for a duration of six months to a year, along with grants of up to $150,000. Two companies, ReDimension Games and Shura Games, have already been selected for the program. KRAFTON India has committed to investing $150 million over the next few years in Indian gaming and entertainment start-ups. To date, the company has invested $160 million in Indian start-ups.
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HCLTech appoints Bhavani Balasubramanian as Independent Director
IndianStartupNews
·
1y ago
Medial
Indian technology company HCLTech has appointed Bhavani Balasubramanian as an Independent Director. Bhavani, a qualified Chartered Accountant, brings over four decades of experience in auditing and has held several leadership positions at Deloitte. She will serve on the Audit and Risk Management Committees of HCLTech. The company's leadership is confident that Bhavani's expertise will enhance their corporate governance standards.
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2am VC launches Fund II to invest in 30 Indian startups
Entrackr
·
4m ago
Medial
2am VC launches Fund II to invest in 30 Indian startups 2am VC, an early-stage India-only venture capital firm, has announced the formal launch of 2am VC Fund II. The fund will invest in innovative areas generated by the New India opportunity, including startups in consumer tech, fintech, food & beverage, AI, and global SaaS. According to 2am VC, Fund II plans to invest in up to 30 Indian startups, predominantly at the pre-seed to seed stage, aspiring to lead investment rounds and take meaningful ownership in companies to provide operational value to founders. 60% of the fund will be committed to initial investments, leaving 40% to support founders in follow-on investments. 2am VC connects global investors with Indian founders as a hyperlocal partner, curating deal flow for global investors into the next generation of Indian founders while unlocking global resources for Indian founders to reach international networks and opportunities. The firm is dedicated to speed, transparency, founder-friendliness, and cross-border synergies, blending operational agility and institutional processes to effectively secure deals and go above and beyond to support founders. 2am VC states that it examines the key elements driving the New India, as founders build companies to tap into uniquely Indian contexts to better serve Indian end-users. The maturation of foundational models is giving way to new niche categories that meet emerging needs. The firm goes the extra mile to support founders as their hyperlocal and hyperglobal partners by introducing key relationships, arranging customers, and offering targeted guidance to support growth and achieve product-market fit. 2am VC has closed a $10 million Fund I. To date, 2am VC has invested in 47 companies, including notable startups such as NEWME, Apna Mart, Bimaplan, and Karbon Card, among others. Launched in 2021 by Hershel Mehta and Brendan Rogers, 2am VC is an early-stage Indian venture capital firm investing in innovative startups. With offices in Mumbai, Bengaluru, Delhi NCR, and Los Angeles, 2am VC blends the best of both East and West through the firm’s India Beachhead Strategy.
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Expert Dojo launches India-dedicated cohort to back over 10 startups
Entrackr
·
2m ago
Medial
US-based early-stage venture capital firm Expert DOJO has launched an India-dedicated startup cohort. As part of this accelerator program, the firm will invest $100,000 each in over 10 startups across sectors such as technology, AI, EV, B2B and more. According to Expert DOJO, the startups will not only receive capital but also get mentorship, growth support, and access to its global investor network. Applications for the cohort are now open for startups. This cohort is designed to help early-stage startups strengthen their business models, enter new markets, and move quickly toward raising their next funding round. The aim of this cohort is to support Indian founders facing challenges like limited access to global capital, lack of international mentorship, and restricted market reach. This launch follows Expert Dojo’s earlier announcement of a $15 million India-focused fund, with plans to deploy in 20–25 early-stage startups by FY26. While the fund is sector-agnostic, it will focus on high-potential areas like fintech, SaaS, B2B, and AI, helping founders scale beyond borders. With its latest upcoming cohort, Expert DOJO remains committed to helping startups with not just capital, but a structured path to global growth. By combining deep founder support with an active investor network and global market access, they continue to serve as a launchpad for the next generation of impactful, venture-backable companies.
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Infosys launches GIFT City Development Centre to serve global BFSI clients
YourStory
·
2m ago
Medial
Infosys has opened a new development centre at Gujarat International Finance Tec-City (GIFT City) to serve global banking, financial services, and insurance clients. The centre will employ around 1,000 people in a hybrid work model, focusing on advanced digital solutions in areas like digital banking, regulatory affairs, trade finance, and more. Leveraging technologies such as AI, cloud, and blockchain, this initiative aligns with Infosys' ESG commitments, enhancing India's position in global financial technology.
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AI2 Incubator scores $200M in compute to feed needy AI startups
TechCrunch
·
1y ago
Medial
AI2 Incubator, a start-up accelerator spun out of AI research organization the Allen Institute for AI, has secured $200m worth of computing resources to offer to start-ups in its incubator program. The dedicated AI-style compute can help early-stage companies accelerate their development and overcome resource constraints. Start-ups in AI2 Incubator's portfolio or program can access up to $1m worth of computing at data centers owned by a yet unnamed partner. The initiative aims to help start-ups showcase early traction and bring their AI products to market faster.
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Contentstack co-founder launches Viral-Hub incubator to fuel local innovation
IndianStartupNews
·
1y ago
Medial
Tech entrepreneur Nishant Patel, Co-founder of Contentstack, has launched the Virar-Hub Incubator in Maharashtra to tap into the entrepreneurial potential of Virar. The incubator aims to provide mentorship, resources, and strategic partnerships to early-stage startups in the Vasai-Virar area to help them grow into successful businesses. Rajdip Gupta, Founder and CEO of Route Mobile Ltd., and Kshitij Thakur, a Member of the Legislative Assembly, are supporting this initiative to foster entrepreneurship in the region. The incubator also organized the Virar-Hub StartUp Quest Competition, inviting students to showcase innovative startup ideas.
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How India Inc is Navigating Work Amid Rising India-Pak Tensions; Check Its Detailed Roadmap Here
OutlookIndia
·
3m ago
Medial
Amid escalating India-Pakistan tensions, Indian companies like Deloitte, KPMG, and Tech Mahindra advised employees in northern India to work from home and avoid travel. Deloitte has established an all-India command centre for employee support. Workers in affected border states are urged to return home. Tech Mahindra also discouraged social media posts about the situation. These precautions highlight a priority on employee safety while ensuring adherence to government guidelines, amidst ongoing geopolitical uncertainties.
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Deloitte aims $5B revenue from India business by 2030: South Asia CEO
YourStory
·
10m ago
Medial
Global accounting firm Deloitte aims to achieve $5 billion in revenue from its India business by 2030, a fourfold increase. The company's South Asia CEO, Romal Shetty, stated that they want to become the undisputed leader in professional services. Deloitte India's revenue reached approximately Rs 10,000 crore in the 2023-2024 fiscal year, marking a 30% growth. The company also aims for revenues of Rs 20,000 crore by 2027. Deloitte India contributed 10% to global revenue growth and 70% to the Asia Pacific region's growth. The firm's global revenue increased 3.6% to $67.2 billion in the fiscal year ending in May 2024.
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