[ad_1] MUMBAI: Indian startups raised $2 billion in funding in the Jan-March quarter, data sourced from market research firm Tracxn showed. That’s about 40% lower compared to the $3.3 billion that companies pocketed from investors in the year-ago quarter.A reading of the trends in quarterly funding, however, showed that the ecosystem, which has been struggling…
[ad_1] NEW DELHI: Indians have founded more offshore unicorns than any other country, co-founding 109 unicorns outside of India compared with 67 in India, according to the Global Unicorn Index 2024, a ranking of the world’s start-ups founded in the 2000s.Unicorns are basically startups worth at least a billion dollars and not yet listed on…
[ad_1] Mumbai: Littlebox, a D2C fashion startup from Guwahati, recently bagged a rare all-investor deal on Sony Liv’s reality TV show Shark Tank. The founders’ clarity on business fundamentals and the firm’s decent growth prodded one of the investors to enquire about the state of the startup ecosystem in Assam. Startups from states like Rajasthan,…
[ad_1] Mumbai: The pursuit of growth and valuation at all costs can sometimes lead to misgovernance in startups and if India is to have a story of constant growth, there should not be any room for lapses, said India’s G20 Sherpa Amitabh Kant. He added that startups should adhere to a self-regulating ecosystem with a…
[ad_1] NEW DELHI: Startups, which were impacted by Google‘s delisting over dispute on payment systems and fee, met IT minister Ashwini Vaishnaw and minister of state Rajeev Chandrasekhar on Monday and apprised them of “challenges and potential threat to business sustainability and operations” due to the sudden measure undertaken by the US tech giant last…
[ad_1] NEW DELHI: Union education minister Dharmendra Pradhan on Wednesday asked Indian industry to boost startup investments to promote innovation necessary to sustain India’s economic growth at a high level .On the foundation day of All India Management Association, Pradhan said: “The industry does not seem to trust startups enough…You need to sink some money…
[ad_1] NEW DELHI: The government has put forth a proposal to extend tax incentives for startups and investments facilitated by sovereign wealth or pension funds for an additional year, effective until March 2025.Finance Minister Nirmala Sitharaman highlighted that certain tax benefits currently extended to startups and investments made by sovereign wealth or pension funds, along…
[ad_1] MUMBAI: A clutch of unicorn startups in a meeting with commerce and industry minister Piyush Goyal on Wednesday discussed the possibility of establishing a unicorn club or simply put, an association of startups which would regularly engage with the minister’s office and suggest measures to boost the growth of the ecosystem. In the meeting…
[ad_1] NEW DELHI: Gujarat, Karnataka, Kerala and Tamil Nadu ranked best states in providing a strong ecosystem for startups, according to the latest rankings released on Tuesday. Among Union territories and smaller states, Himachal topped the list.The rankings put together by the department for promotion of industry and internal trade (DPIIT) keep Bihar and Haryana…
