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DPIIT recognises 1.40 lakh entities as startups as on June 30, 2024

Under Fund of Funds for startups, Rs 805.86 crore was invested in the startups by supported AIFs (A…

PTI   


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Startups demand angel tax elimination, incentives on investments in upcoming budget

Startups in India have high expectations from this year's upcoming Union Budget. The early-age star…

ANI   


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Aereo, India's leading commercial drone solutions startup, secures USD 15 million in Series B funding round

The round saw participation from long-standing investors StartupXseed Ventures and Navam Capital.

ANI   


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Defence ministry allocates Rs 300 cr for technology development fund to promote Make in India products

The Ministry of Defence has sanctioned over Rs 300 crore through its Technology Development Fund (T…

ANI   


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Abolition of angel tax a landmark reform benefiting India's startup ecosystem; will attract global investors: USISPF

The USISPF said this action creates parity between domestic and foreign players and will be an impo…

PTI   


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Curtains down for Koo; founders say little yellow bird bids final goodbye

Koo ,at its peak, grossed about 2.1 million daily active users, about 10 million monthly active use…

PTI   


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Indian startups raise $3.1 Billion in VC funding in four months even as funding winter continues in the West

Indian startups raised $3.1 billion in VC funding during the first four months of 2024, marking a Y…

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Record drop in future unicorns as funding winter, regulatory actions bites startup valuations

The number of unicorns — startups valued at over USD 1 billion — slipped by one to 67 in 2023. The …

PTI   


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Could India host 200+ unicorns in next five years? Hurun index identifies 46 gazella and 106 cheetah startups

India's startup ecosystem is thriving with 67 unicorns as of 2024, with 152 startups poised to achi…

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1 min read

AI startup Neysa raises $20 mn from Matrix Partners, Nexus Venture Partners & more

AI cloud and platform-as-a-service (PaaS) startup Neysa on Wednesday said it has raised $20 million…

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5 mins read

How the hedge fund superstar went extinct

The days of investors trusting a star hedge-fund manager with their cash are in the rearview mirror

Dan DeFrancesco   


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Maruti Suzuki invests in machine learning, artificial intelligence startup Amlgo Labs

With this, Maruti Suzuki will own an equity stake of over 6.44 per cent in the startup, the automak…

ANI   


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India’s fintech funding shrinks over 60% to $2 billion

In spite of the fall, India ranked third globally in 2023 in terms of fintech startup funding. Worl…

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Dhoni goes electric: Former team India captain invests in affordable e-bike start-up EMotorad

Hitting a hattrick of 6’s to dazzle the crowd hasn’t been the only cool thing MS Dhoni has been up …

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Founders that pitch on Shark Tank can do better than those who come from IIT or IIM, says Anupam Mittal

Unlike elitist founders who are used to being served everything on a platter, the aspirants on Shar…

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3 mins read

Budget 2024 to fuel stock markets: Bloomberg Survey

Many are expecting the government to raise the standard deduction threshold from the current Rs 50,…

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Zephyr Peacock India looks to raise $200 mn in the midst of funding winter

Global investors are still interested in India’s private markets. New York-based global investment …

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2 mins read

India's once-hot startup Byju's was valued at $22 billion. Now, BlackRock says its investment is worth nothing.

The Indian company, once valued at $22 billion, is facing legal and financial troubles. HSBC just w…

Shubhangi Goel   


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Startups in 2024: Innovation can't override a profitable bottom line

In 1999, amidst the dot-com frenzy, Warren Buffett's prophetic words at the Allen-Sunny Valley Conf…

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5 mins read

A 'thaw in startup funding winter' as two unicorns emerge within a quarter

The year 2024 has been good for many startups, as deal activity is growing at a faster clip. While …