Here’s your scoop of attention-grabbing headlines from around the Indian startup ecosystem.
THERE IS SOMETHING FOR EVERYONE
Action For India (AFI), International Institute of Information Technology,
Hyderabad (IIITH), Indian Institute of Technology Hyderabad (IITH), and T-Hub have announced a
collaboration for developing an inclusive social entrepreneurship ecosystem in the state of Telangana.
Delhi NCR has emerged as the startup hub of the country. Around a quarter of the startups in the country count the national capital as their headquarters. The city is far ahead of other urban centres such as the commercial capital Mumbai or traditional tech bases such as Bengaluru or Hyderabad as a startup hub. Here’s a look Delhi’s dominance as an entrepreneurship magnet
he ten startups, which have been picked from Nasscom’s Emerge 50 awards finalists, are from a wide range of sectors including Software as a Service, retail technology, fintech, logistics, healthcare, cyber security, internet of things, etc. The st…
From helmets that come with air purifiers to filters that can be worn on your nose to purifiers that can be used by cities – take a look at startups that are working on novel solutions to combat the deteriorating air quality.
Hyderabad: In tune with Chief Minister K Chandrashekhar Rao’s plans to strengthen rural economy, Telangana State Industrial Infrastructure Corporation (TSIIC) is coming up with major industrial parks and IT parks in and around Tier-II cities attracting investments of more than Rs 35,000 crore.
Stressing on India’s growing significance in the startup world, Modi said India has become the world’s third-largest startup ecosystem and that the country’s Tier-II and Tier-III cities are also witnessing the emergence of startups.
Since the introduction of the first practical implementation of blockchain over ten years ago, the technology has found a myriad of use-cases in a wide variety of industries, including fintech, healthcare, digital identity, Internet of Things (IoT), and logistics. Many of these industries have already been marching towards digitisation of their internal processes for the past few years, making blockchain integration only more advantageous due to its increased security and reliability benefits.
T-Hub, which leads India’s pioneering innovation ecosystem that powers next- generation products and new business models, today announced the launch of ‘Trestle’. The program provides growth-stage startups with opportunities to assess product fitment and readiness to new markets across the globe. It is designed to aid Indian startups with the right resources and connections to foray into the global market.
Tech giant Google’s recent decision to set up a research lab — Google Research India — focussing on Artificial Intelligence (AI) and its applications in Bengaluru has kindled a wider interest of many in AI.
From using this technology in the form of drones to spraying pesticides in tea gardens to regulating traffic more effectively, AI has made its foray into several spheres of our day-to-day life.
BENGALURU: With electric vehicles (EV) considered a huge investment potential, several states are competing to bring out attractive schemes for companies to invest in. According to an analysis released by the World Economic Forum, the International Organisation for Public-Private Cooperation and Ola Mobility Institute, 10 states, including Karnataka, and Union Territories are trying to build momentum for EV usage across three sectors — manufacturing, infrastructure and services.
New Delhi: Indian Institute of Management (IIM) Kashipur today concluded its three-day startup event Uttishtha. Uttarakhand chief minister Trivendra Singh Rawat made a visit and promised the institute help in building a new hostel for PhD students. The institute’s PhD
Hyderabad: Telangana, which attracted investments to the tune of Rs 1.7 lakh crore in last five years, wants to keep up the momentum by adopting a three-pronged approach of focusing on innovation, infrastructure and inclusive growth, said IT and Industries Minister KT Rama Rao.
The fund will come directly from SoftBank and not from the company’s Vision Fund. Masayoshi Son was instrumental in ousting WeWork’s controversial co-founder Adam Neumann, but is convinced the once high-flying startup can be turned around.
A cloud startup founded by a group of four ex-Cisco Systems Inc engineers said on Wednesday it has raised $278 million to fund products that aim to help the data centres of customers like investment banks function more like those of cloud computing providers.Pensando Systems, which introduced the company publicly on Wednesday, said the funds were raised through series A, B, and C rounds.
WeWork has undergone a dramatic fall from grace in the last few weeks. Just two months ago the office rental start-up was expecting to offer shares to the public at a total business valuation of $47 billion. This soon halved and then investors rapidly pulled their support for an initial public offering above $12 billion. The IPO was withdrawn with catastrophic consequences for the business and its charismatic founder Adam Neumann.
Google’s platform — Google Developers Launchpad to help startups grow will now support social impact startups in India. The platform has partnered with startup accelerator Social Alpha to help such startups with mentorship, tools, and methodologies for growing businesses. The tie-up will help the incubator develop learning programmes for startups based on information from a select group of world’s leading accelerators, it said even as Social Alpha will also gain access to Google’s network and its experience in helping startups globally.
Commerce minister Piyush Goyal on Tuesday said that India has ‘naturally’ emerged as the startup capital of the world with the highest registered startups. Startup India initiative, launched by Prime Minister Narendra Modi in January 2016 has 23,705 startups recognised by DPIIT while 264 have been funded so far, according to the Startup India portal.
CHENNAI: Hyderabad-born School of Accelerated Learning (SOAL) has closed its first round of funding of $300,000 with Astarc Ventures as the lead investor.
Astrac Ventures has also invested in Virgin Hyperloop One, Rapido and PharmEasy, among other tech companies. This is their first foray into learning-tech.
Start-up India Scheme: The government Monday launched a dedicated portal and mobile application to help Indian startups with the intellectual property rights (IPR) process. The mobile app and site have been developed by the department for the promotion of industry and internal trade (DPIIT) with the help of Qualcomm and National Law University, Delhi.
In the period between April and September 2019, the three government-affiliated INVENT incubators SIIC-IIT Kanpur, IIM Calcutta Innovation Park, and CIIE Initiatives-Start Up Oasis have invested INR 8.5 crore in 31 new social enterprises.
The 25 young companies that featured in LinkedIn’s list of top startups in India this year collectively created around 18,000 jobs in 2018 and are expected to create more than 19,000 new ones over the next 12 months. Yet, when I talk to the founders of early- and growth-stage startups, I am told that hiring is their Achilles heel.
In the past, many flood-affected states in the country have benefited from drone technology for rescue operations. These drone technology startups could be of immense help in flood-affected Bihar.