Startup News - Latest Updates & Headlines
BofA downgrades Zomato and Swiggy, cites slowing growth, high competition
Mumbai, March 26: Bank of America (BofA) has downgraded its ratings on Zomato and Swiggy, citing concerns over slowing growth in food delivery and rising competition in quick commerce.
Maharashtra tops in startups and innovation: CM Fadnavis
Mumbai, March 25: Chief Minister Devendra Fadnavis on Tuesday said that Mumbai is the financial capital of the country and Maharashtra is leading the country in data centers, startups, innovation and investments.
Startup India: 217 incubators selected with Rs 916.91 crore approved funding
New Delhi, March 25: In a boost to the domestic startup ecosystem, 217 incubators have been selected with a total approved funding of Rs 916.91 crore under the Startup India initiative (till January 31), the government informed on Tuesday.
FuriosaAI rejects Meta's $800 mn takeover offer
Seoul, March 24: FuriosaAI, a South Korean artificial intelligence (AI) chip startup, has turned down an $800 million takeover offer from US tech giant Meta Platforms, industry sources said on Monday.
Tech startups raise $2.5 bn in Jan-March, make India 3rd most funded globally
Bengaluru, March 24: Domestic tech startups raised $2.5 billion in the January-March period this year (Q1 2025) to date, marking a 13.64 per cent increase from the previous quarter and an 8.7 per cent rise from the same period last year -- making India the third most-funded country globally -- ahead of Malta and Germany and behind the US and the UK, a report showed on Monday.
India must transition from service-based to product-based industry model: NITI Aayog
New Delhi, March 24: India must transition from a service-based to a product-based industry model, said Dr. V.
India set to double its startup count by 2030, create 5 crore jobs: Minister
Vadodara, March 23: The number of Indian startups is expected to double from 1.2 lakh to 2.4 lakh by 2030, creating 50 million new jobs, Minister of State (Independent Charge), Skill Development and Entrepreneurship, Jayant Chaudhary, said on Sunday.
Piyush Goyal attends Assembly-level startup festival in Gujarat's Vejalpur constituency
Ahmedabad, March 22: Union Commerce Minister Piyush Goyal on Saturday attended the legislative-assembly-level startup festival in Ahmedabad's Vejalpur.
CM Bhupendra Patel inaugurates Vejalpur Startup Festival 2.0
Gandhinagar, March 22: Gujarat Chief Minister Bhupendra Patel inaugurated the Vejalpur Startup Festival 2.0, a pioneering legislative assembly-level startup festival.
India aims to take number of unicorns to 5,000 in future: Piyush Goyal
Ahmedabad, March 22: Amid a thriving startup ecosystem, India aims to take the number of unicorns from the current 118 to 1,000 and even 5,000 in the future, Union Minister of Commerce and Industry, Piyush Goyal, said on Saturday.
25 domestic startups raise over $176 million in funding this week
New Delhi, March 22: At least 25 Indian startups secured more than $176 million in funding this week, which included five growth-stage and 15 early-stage deals.
STPI launches open challenge program for health-tech startups; applications open from March 21
New Delhi, March 22: The Software Technology Parks of India (STPI) has launched the Open Challenge Program (OCP) 6.0 at the STPI MedTech Centre of Excellence (CoE) in collaboration with SGPGIMS Lucknow, the Government of Uttar Pradesh, AiMeD, and the Andhra Pradesh MedTech Zone (AMTZ).
Maharashtra is number one with blessings of sisters: Eknath Shinde
Mumbai, March 22: Maharashtra Deputy Chief Minister Eknath Shinde on Thursday said that Maharashtra remains the number one state in the country, attributing its success to the 'blessings of sisters of the state'.
Startups are engines of innovation and economic growth: MeitY Secretary
New Delhi, March 22: Startups are the engines of innovation and economic growth and their disruptive spirit, agility and commitment to solving real-world challenges are shaping India's future, S. Krishnan, Secretary, MeitY, has said.
India's bioeconomy sees 16-fold rise to reach $165.7 billion in 10 years: Minister
New Delhi, March 21: India's bioeconomy has witnessed 16-fold rise in the last 10 years -- from $10 billion in 2014 to an impressive $165.7 billion in 2024, the government said on Friday.
SEBI proposes ESOP benefits for startup founders even after IPO
Mumbai, March 21: The Securities and Exchange Board of India (SEBI) has proposed a change in rules that will allow startup founders to continue holding Employee Stock Option Plans (ESOPs) even after their company goes public.
Aim is to develop India into a product nation: Union Minister Ashwini Vaishnaw
New Delhi, March 20: Union Minister Ashwini Vaishnaw on Thursday said that the focus of the government is to develop India into a product nation.
Sber500 invites applications for new startup accelerator programme
Moscow, March 20: Sber500, the international startup seed accelerator, on Thursday invited applications for new technology startups from different countries.
DPIIT partners with Yes Bank, Kyndryl to boost startup ecosystem in India
New Delhi, March 20: In a major step towards strengthening India's startup ecosystem, the Department for Promotion of Industry and Internal Trade (DPIIT) on Thursday joined hands with Yes Bank to support innovators and entrepreneurs across the country.
Super-Saver offer like Zepto won't make sense for Blinkit: HSBC Global Research
New Delhi, March 20: A HSBC Global Research report says that for Blinkit, it may not make sense to offer Super-Saver offer like Zepto's.
Jitendra Singh, Bill Gates discuss biotech startups, health innovation in India
New Delhi, March 20: Union Minister of State (independent charge) for Science and Technology Jitendra Singh met with Microsoft co-founder and philanthropist Bill Gates to discuss collaborations on biotech startups and health innovations in India, Ministry of Science & Technology said on Thursday.
3,300 IoT startups in India fostering innovation across multiple sectors: Report
New Delhi, March 20: The thriving Indian startup ecosystem, with over 3,300 Internet of Things (IoT)-focused startups, is fostering innovation across multiple sectors, a report showed on Thursday.
Sagarmala has been game-changer in unlocking potential of India's maritime sector: Sarbananda Sonowal
New Delhi, March 19: The fourth National Sagarmala Apex Committee (NSAC) meeting on Wednesday decided to boost port-led development and enhance the country's maritime infrastructure.
Govt plans Sagarmala 2.0 with new funding to bridge infrastructure gaps: Sarbananda Sonowal
New Delhi, March 19: The 4th National Sagarmala Apex (NSAC) meeting decided to boost port-led development and enhance the maritime infrastructure of the country. The meet reviewed the implementation status of key projects under the "Sagarmala", the flagship programme of the Ministry of Port Shipping & Waterways (MoPSW).
B2B startup Groyyo's revenue drops by 14.4 pc in FY24, losses rise by 9 pc
New Delhi, March 19: B2B manufacturing and automation startup Groyyo reported a 14.4 per cent drop in revenue to Rs 421 crore in FY24, compared to Rs 492 crore in the previous year, according to its latest financial filings.
Ultraviolette Tesseract scooter surges past 50,000 pre-bookings within two weeks of unveil
New Delhi, March 19: Ultraviolette, a pioneer in performance electric mobility, has achieved a groundbreaking milestone with the Tesseract, The World's Most Advanced Scooter.
Karnataka Minister Priyank Kharge discusses collaboration in sports technology with Australian delegation
Bengaluru, March 19: Karnataka minister Priyank Kharge met with an Australian delegation, led by Michelle Wade, Victoria's Commissioner to South Asia (Australia), discussing the possibility of broader collaboration between the two southern states of India and Australia and the preparations for the upcoming Sports Innovation and Tech Summit 2025.
Entrepreneurs in Tamil Nadu's Karur thrive with support from PMMY
Karur, Tamil Nadu, March 18: In the heart of Tamil Nadu, entrepreneurs are crafting success stories from the ground up, thanks to the Pradhan Mantri Mudra Yojana (PMMY), with the ambitious government initiative, launched by Prime Minister Narendra Modi, aiming to fuel entrepreneurial spirit by offering financial support to small businesses across India.
Indian space startups surging at unprecedented rate under clear govt policy: Astronaut Shubhanshu Shukla (IANS Exclusive)
New Delhi, March 18: As Prime Minister Narendra Modi hailed India's space startup journey at the American podcaster Lex Fridman's mega show, Indian Air Force (IAF) Group Captain Shubhanshu Shukla -- set to become the first Indian to reach the International Space Station (ISS) soon -- told IANS on Tuesday that domestic startups in the space sector are growing at an unprecedented rate.
Ultraviolette expands footprint in East India; Launches UV Space Station in Patna
Patna, March 18: Ultraviolette, the manufacturer behind the 'Fastest Indian Motorcycle,' has officially inaugurated its first experience center, known as the UV Space Station, in Patna, marking a major milestone in its nationwide expansion.
Ola Electric shares sink over 70 pc from peak after insolvency petition against subsidiary
Mumbai, March 17: Shares of Ola Electric Mobility Limited tumbled 7.23 per cent, or Rs 3.65, on Monday, hitting a record low of Rs 46.86 on the National Stock Exchange (NSE).
Government e-Marketplace surpasses Rs 5 lakh crore GMV in FY25
New Delhi, March 17: The Government e-Marketplace (GeM) has achieved a significant milestone by surpassing Rs 5 lakh crore in Gross Merchandise Value (GMV) on its portal more than 18 days before the close of the financial year 2024-25, the commerce ministry said in a statement Monday.
DoT announces launch of 5G Innovation Hackathon 2025
New Delhi, March 17: The Department of Telecommunications (DoT) has announced the 5G Innovation Hackathon 2025, a six-month initiative aimed at accelerating the development of innovative 5G-powered solutions to address societal and industrial challenges.
Centre launches '5G Innovation Hackathon 2025' to address societal, industrial challenges
New Delhi, March 17: The Department of Telecommunications (DoT) on Monday announced the ‘5G Innovation Hackathon 2025’, a six-month initiative aimed at accelerating the development of innovative 5G-powered solutions to address societal and industrial challenges.
Ola Electric's vendor moves NCLT over unpaid dues, seeks insolvency action
New Delhi, March 16: A vendor of Ola Electric Mobility Limited -- Rosmerta Digital Services Private Limited -- has filed an insolvency petition against a wholly owned subsidiary of the electric two-wheeler maker over alleged non-payment of dues.
Indian startups raise over $462 million in strong funding week
New Delhi, March 15: The Indian startup ecosystem witnessed a strong surge in funding this week, with 19 startups collectively raising approximately $462.27 million.
Tech firm Nothing bullish on Phone (3a) series, to add more workforce in India
New Delhi, March 14: Leading consumer electronics brand Nothing said on Friday it will continue to add more workforce in India, as it has always believed in working with the local economy to provide the necessary boost.
Creators must take the India story to the world, says Piyush Goyal
New Delhi, March 13: Union Minister of Commerce & Industry Piyush Goyal on Thursday urged the creative industry to take India's story to the world and contribute further to its economic growth.
Goa CM Sawant introduces new programs to develop state into entrepreneur hub
Panaji, March 13: Chief Minister Pramod Sawant on Thursday emphasised Goa's vision of becoming a leading entrepreneurship hub in the country through a series of innovative programs, said an official release.
Time to bring a billion Indians into AI-driven digital economy: Nandan Nilekani
New Delhi, March 13: There is an urgent need to build artificial intelligence (AI) solutions suited for India's language diversity, to bring a billion Indians into the AI-driven digital economy, Infosys co-founder and Aadhaar architect, Nandan Nilekani, has said.