NEWSROOM

Here’s your scoop of attention-grabbing headlines from around the Indian startup ecosystem.

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NRDC to promote technologies designed to fight COVID-19

‘Over 200 projects so far developed by various organisations’

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Indian startups gear up for acquisitions, strategic mergers

Movement could happen for reasons like acqui-hiring for companies that are running low on cash, classic consolidation among companies playing in a crowded market, plugging gaps in digitization of one’s own company

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Telangana CM KCR to decide on lockdown extension today
Telangana CM KCR to decide on lockdown extension today

Chief Minister K Chandrashekar Rao at the high-level meeting to be held on Wednesday.

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How QDIC-supported startups are stepping up their technological edge to help the country battle the current pandemic

TagBox Solutions, BlackFrog Technologies, Artelus, Biodesign Innovation Labs, Dozee and Detect Technologies – six startups that have been part of QDIC over the years – have developed interesting solutions to address the multi-faceted challenges brought about by COVID-19.

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India: Aster DM Healthcare partners LSV Capital to set up health tech incubator
India: Aster DM Healthcare partners LSV Capital to set up health tech incubator

The platform called XHealth Innovation Lab will reportedly have an initial corpus of $50 million. The two investors have so far given a commitment for 60 per cent of the funding, the report added, quoting a source privy to the development.

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COVID19: IIM Kozhikode incubatee startup develops swab sample collection robot for safe and speedy testing
DPIIT to seek nod for startup credit scheme, seed fund
DPIIT to seek nod for startup credit scheme, seed fund

Since the launch of the Startup India initiative on January 16, 2016, the DPIIT has recognised 28,979 startups as of March 1, 2020. Of these, 27,137 startups employed around 337,000 people.

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Govt Picks Zoho, HCL & 8 Others To Build Indian Alternative For Zoom, Google Meet

PeopleLink, Aria Telecom, CyberHorizon Corp, Darsh, Instrive Softlabs, among others to be shortlisted

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IT growth momentum will continue: KTR
IT growth momentum will continue: KTR

The kind of ecosystem Hyderabad provides, it will rebound and maintain strong growth despite Covid-19 crisis: KTR

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T-Hub picks 10 start-ups for fintech accelerator

Tech start-up incubator T-Hub has selected 10 start-ups for its fintech accelerator.

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JioMart, the e-commerce venture from India’s richest man, launches in 200 cities and towns
JioMart, the e-commerce venture from India’s richest man, launches in 200 cities and towns

The rationale behind the deluge of dollars flooding into billionaire Mukesh Ambani’s Reliance Jio Platforms is beginning to become more clear as his e-commerce venture JioMart starts rolling out to more people across India.

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Govt needs to look at 5G like it sees power and water: Nivruti Rai

There will be significant acceleration in digitization due to covid, which will create many opportunities for Intel and India, Nivruti Rai, country head, Intel India

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Startups cancel office lease in a bid to avoid pay cuts and job loss

Over the past few weeks, some companies have decided to shift a number of roles to permanent work-from-home positions, citing safety concerns, better efficiency and lower operational costs

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CM Yogi Adityanath launches ‘UP Start-up Fund’, to be managed by SIDBI
CM Yogi Adityanath launches 'UP Start-up Fund', to be managed by SIDBI

The fund has been set up under the UP Information Technology and Start-up Policy 2017

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Telangana open to having Dutch firms in Hyderabad
Telangana open to having Dutch firms in Hyderabad

We welcome Dutch firms to establish their presence in Hyderabad. We would like to have our startups and SMBs get market access to the Netherlands.

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India, U.K. biz fight Covid-19 together
India, U.K. biz fight Covid-19 together

Besides India-based unicorns OYO and Ola offering support in the U.K., a host of firms from both nations have pivoted to deal with the impact of the pandemic.

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#AtmanirbharBharat: Indian Govt’s Stimulus Package Decoded For Startups

PM Narendra Modi announced an INR 20 Lakh Cr package titled “Atmanirbhar Bharat”

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Aster DM, Social Alpha launch initiative to support medical start-ups

The partnership has already shortlisted three technologies for the first batch of the initiative.

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About 40% Indian startups halt operations amid COVID-19: Nasscom

About 34% of start-ups are suffering revenue decline of over 80%, the survey says

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70% startups have cash for less than 3 months
70% startups have cash for less than 3 months

70% startups have cash for less than 3 monthsDigbijay Mishra & Madhav Chanchani | TNN | Updated: May 19, 2020, 13:42 IST

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Lockdown 4.0: E-commerce firms Flipkart, Amazon may finally resume full operations nationally
Lockdown 4.0: E-commerce firms Flipkart, Amazon may finally resume full operations nationally

Online sales will continue to be restricted in containment zones across the country, where only essential activities will be permitted, as per the latest MHA directives.

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Karnataka launches incubator for cyber security startups in India
Karnataka launches incubator for cyber security startups in India

India has been relying primarily on global companies for cyber security products, as per the note.

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FLO to focus on restarting businesses: Usharani Manne
FLO to focus on restarting businesses: Usharani Manne

Manne is the founder and director of Polmon Instruments Pvt. Ltd, specialising in measuring and control instrumentation and automation solutions for the life sciences industry

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Meet the eight startups from India shortlisted for the India finals of the AWS Startup Architecture Challenge 2020
Meet the eight startups from India shortlisted for the India finals of the AWS Startup Architecture Challenge 2020

Recko, Niyo, SurveySparrow, Yelo, inVOID, Trapyz, NIRA and KredX were the top eight startups of AWS Startup Architecture Challenge 2020. One of these startup will compete in the Global Finale.

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ISRO facilities to be opened up for private firms, startups; central govt to bring a new liberal geospatial data policy
ISRO facilities to be opened up for private firms, startups; central govt to bring a new liberal geospatial data policy

Private companies will be allowed to use ISRO facilities and other relevant assets to improve their capacities.

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SoftBank Vision Fund posts record $17.7 billion loss on Oyo, WeWork and Uber
SoftBank Vision Fund posts record $17.7 billion loss on Oyo, WeWork and Uber

SoftBank lost $17.7 billion last fiscal year after writing down the value of investments.

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CIE-IIITH Surveys Impact of COVID-19 on Startups

CIE-IIITH Surveys Impact of COVID-19 on Startups

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Startups have reasons to cheer with less punishing Companies Act
Startups have reasons to cheer with less punishing Companies Act

Startup investors and industry experts said the criminality of minor offences and non-compliances under the Act was hurting valuations during fundraising and deterring risk-averse local investors from backing companies.

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Agritech Startups Are Solving The Biggest Crisis For India’s Farmers

Agritech startups are gearing up to resolve the issue at multiple levels from supply chain to financing

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Measures announced by govt to positively impact start-up ecosystem: IAN

As part of the Rs 20-lakh crore financial package announced by Prime Minister Narendra Modi, the government has announced a number of initiatives to help various sections of the society, including MSMEs, migrant labourers, farmers and entrepreneurs.

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T-Hub and Startup Genome to Promote India’s Innovation and Startup Ecosystem
  • The 2020 edition of the Global Startup Ecosystem Report (GSER) by Startup Genome will include Hyderabad as an emerging tech hub.
  • With this recognition, T-Hub aims to leverage its leadership in the space of building an innovation ecosystem and supporting other ecosystems globally.

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Telangana Inc enthused about package for MSMEs

Telangana Inc enthused about package for MSMEs

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Bank Crisis Is EU History Lesson in Race for Virus Bailouts

(Bloomberg) — As the European Union lurches toward one of the worst slumps since the South Sea Bubble burst in 1720, EU regulators have adapted their playbook from more recent history to help salv…

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Govt Slashes PF Contribution For Startups, Employees: Boost For Short-Term Liquidity

The government has reduced EPF contributions of both employers and employees by 2%

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T-Hub announces partnership with Startup Genome
T-Hub announces partnership with Startup Genome

Through Startup Genome, T-Hub joins as a global member network of the startup ecosystem to support growth for startups everywhere.

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Here’s what Tech MSME’s have to say about FM Nirmala Sitharaman’s announcement
Here’s what Tech MSME’s have to say about FM Nirmala Sitharaman’s announcement

Here are the reactions of some of the Tech MSME’s on the Finance MinisterNirmala Sitharaman’s announcement she made on Wednesday.

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Covid-19 | VCs on the prowl for a good startup hunt in virus storm 

Deals worth more than $120 million struck in April alone, as investors look to make the most of soft valuations and a bigger shift towards tech in the post-COVID-19 world.
   

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“Technology’s Role Shall Be More Important In The Coming Months”: NASSCOM

Talking to Express Computer’s Gairika Mitra, Sanjeev Malhotra, CEO, NASSCOM Center of Excellence gives us deeper insights into the Center of Excellence division of NASSCOM, and how is it aided by technology that’s helping startups.

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Govt likely to clarify on Chinese FDI norms

Apart from beneficial ownership, the govt is likely to clarify on aspects of indirect acquisitions

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On exiting Covid-19 lockdown 3.0, PM Modi asks chief ministers to come up with blueprint
On exiting Covid-19 lockdown 3.0, PM Modi asks chief ministers to come up with blueprint

PM Modi, who has described stopping the coronavirus disease from spreading to rural areas as the big challenge, said social distancing was the biggest weapon to fight the virus “till we do not find a vaccine or a solution”.

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Indian startups get creative as coronavirus crisis fuels funding crunch
Indian startups get creative as coronavirus crisis fuels funding crunch

BookMyShow is promoting free-to-watch Instagram Live performances in an effort to keep its users engaged, while restaurant aggregator and food delivery firm Zomato is targeting a push into alcohol delivery.

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Basic legal compliance that every startup should know
Basic legal compliance that every startup should know

On National Technology Day, as we celebrate new-age startups and their contribution to the Indian economy, it is important for us to know the provisions of the legal system supporting the same.

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Several startups are now designing tools and software to beat Covid-19
Several startups are now designing tools and software to beat Covid-19

Aid craft: V. Prem Kumar, founder of Marut Drones (in blue shirt), with his team. The drones are being used to ferry medicines.

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25% of Indian startups in serious trouble if COVID-19 persists for long, says Kris Gopalakrishnan

On the prospects of the remaining 75% of Indian startups, Kris Gopalakrishnan said there would be more failures if the coronavirus-triggered crisis lasts longer

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Govt awards 12 startups for innovation in animal husbandry, dairy sector

Govt awards 12 startups for innovation in animal husbandry, dairy sector

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PM Modi Highlights Role Of Startups In Covid-19 Testing, Diagnosis

PM suggest that India should hold a hackathon to link computer science with testing

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Covid-19: MSMEs, startups most vulnerable to cyber frauds; these IT policies can help mitigate risks
Covid-19: MSMEs, startups most vulnerable to cyber frauds; these IT policies can help mitigate risks

Technology for MSMEs: The large corporations, critical government infrastructures, and others have built strong resilience to cyber threats, but small business and start-ups need to cover-up and remain extra vigilant.

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E-Conclave Brainstorm: PayTM, Oyo and BYJU chiefs on how start-ups will survive Covid-19
E-Conclave Brainstorm: PayTM, Oyo and BYJU chiefs on how start-ups will survive Covid-19

In an exclusive conversation with India Today as part of the E-Conclave Brainstorm Series, top executives from India’s leading start-ups share their strategies on surviving the Covid-19 pandemic economically.

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#StartupsVsCovid19: Amazon, Snapdeal See Demand Surge As Ecommerce Reboots On Lockdown Day 42 & More

Thousands of sellers started receiving orders again on Amazon

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Government working on a package of structural reforms for sunrise sectors: Kant

“These are the new areas of growth where disruption is inevitable and where speed, scale and size are required,” Kant was quoted as saying in a statement by the AIMA.        

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