Page 4 - Startups

Looking at creating a fund for agritech startups says, Union Min Goyal

The government is looking at creating a fund for agritech startups, Commerce and Industry Minister Piyush Goyal said on Sunday. The government is looking at significant participation of startups in defence R&D as huge opportunities are there in drones, defence and technical textile sectors for entrepreneurs, the minister said at a webinar. Technology and innovation will be the key driving force for India and its economy, he said. "We are looking at significant participation of startups in defence R&D. We are looking at creating a fund for agritech startups," Goyal said. India has the third largest startup ecosystem in India with over 65,000 registered startups in just five years. "It is these startups that will fuel India's Atmanirbhar drive," he added. At another function, the minister stated that one can find many opportunities, like even in the current war crisis. "The present Ukraine-Russia crisis is a wakeup call for all of us, not to be dependent on crude oil and defence

Live video infrastructure startup 100ms raises $20 mn in Series A funding

100ms aims to bring real-life interactions to the virtual world by providing developer tooling for live video

Sidbi keen on coming out with venture debt scheme, says CMD S Ramann

"Sidbi is very keen on coming out with a venture debt scheme," Ramann said at an event organised by Indian Venture and Alternate Capital Association.

India's gaming startup Loco gets $42 mn from South Korea's Hashed, others

India's Loco has raised $42 million led by South Korea's early-stage venture fund, Hashed, as a gaming frenzy takes hold in the country of nearly 1.4 billion people

Mobikwik to raise private funding as stock market turns bearish

Fintech start-up turns profitable for the first time in December quarter on massive BNPL uptake

New innovative edtech startups likely to bloom amid pandemic: Experts

Also, with offline schools and colleges opening up, learning will now evolve to a more nuanced blended delivery model with a mix of online and offline

Take advantage of India being 3rd-largest startup ecosystem: PM Modi

PM Narendra Modi urged the students to take full advantage of the opening of various sectors as India is the third-largest startup ecosystem of the world

Junio raises $6 mn in pre-series A funding round led by NB Ventures

Junio aims to digitise pocket money for children and be the preferred digital payment option.

Pocket FM raises $65 mn in funding from Goodwater Capital, Naver, Tanglin

Pocket FM offers over 1,00,000 hours of long-format content, audio series, stories, novels, podcasts, and knowledge shows in 8 languages

Google, MeitY to help 100 Indian startups for making global apps, games

As part of the 6-month programme Google and MeitY, will train 100 startups through a customised curriculum designed to help them drive high-quality apps for a global market

Google, MeitY to help 100 Indian startups build high-quality apps for world

Google, MeitY Startup Hub on Wednesday announced a cohort of 100 Indian early to mid-stage startups, to help these startups build high-quality global apps and games as part of the Appscale Academy.

Volopay raises $29 mn from Winklevoss twins, JAM Fund, and others

Volopay has amassed a clientele with the likes of CoinDCX, Livspace, MPL, InVideo, and MX Media.

ExactSpace Technologies raises $1.4 mn in seed funding led by Thermax

ExactSpace Technologies' proprietary AI platform Pulse combines algorithms which 'learn' about machine behaviour with expert knowledge of the industry to help operators make accurate decisions.

Honeywell & IISc extend partnership to support 13 new startups, promote R&D

Honeywell Hometown Solutions India Foundation (HHSIF), the philanthropic arm of Honeywell India, and the Society for Innovation and Development (SID) at the Indian Institute of Science (IISc) here have extended their partnership to support 13 new startups to promote research and development (R&D) in deep science and fuel local innovation. HHSIF will provide these startups with seed capital, while SID will offer infrastructure support, access to the right technology, mentoring, and human capital. Startups focused on R&D in deep science solutions were eligible for funding and support under this partnership, HHSIF said in a statement on Monday. Preference was given to startups with founders from marginalised communities or to those working on solutions that have a direct impact on disadvantaged communities, it was stated. Accordingly, startups that have been selected under this round of funding include those working on COVID-19 solutions, developing medical technologies to assist

Testsigma raises $4.6 million in seed funding led by Accel, STRIVE

Testsigma's open-source test automation platform is designed to enable modern software development teams to test and release products quickly, continuously, and at scale.

Decoding the KPI conundrum of new-age companies hitting the public market

Tech start-ups do not reveal important numbers to back their narratives of consumer flywheels and unrelenting growth

PM Modi calls for startup push in rural areas, expansion of women led SHGs

PM Narendra Modi on Wednesday said that financial inclusion has ensured greater participation of women in economic decisions. He also said that women are major pillars of the rural economy.

Online healthcare firm MediBuddy raises $125 mn in Series-C funding

MediBuddy, which recently got actor Amitabh Bachchan as a brand ambassador, is aiming to scale up business

Data centre specialist Princeton Digital raises $500 mln, led by Mubadala

The funding will enable the Princeton Digital to deepen its presence in Japan, India, Singapore.

Ex-Twitter India chief Manish Maheshwari's Invact Metaversity raises $5 mn

Antler India invested in Invact Metaversity alongside other global institutional investors like Arkam Ventures from India, Picus Capital, M Venture Partners, BECO Capital and 2am VC