Here’s your scoop of attention-grabbing headlines from around the Indian startup ecosystem.
THERE IS SOMETHING FOR EVERYONE
IndiaTech is a non-profit working with the government to make it easier to list companies in India, get differential voting rights for founders, and enable startups to access Government e-Marketplace.
With 7,039 startups between 2009 and 2019 and 10 unicorns, Delhi-NCR is ahead of Bengaluru and Mumbai. On the other hand, Bengaluru has 5,234 startups, Mumbai has 3,829, and Hyderabad has 1,940 startups.
India’s space programme has, so far, been a government backed effort with Isro. With new technology and falling costs, a clutch of space technology startups are garnering domestic and global clients
Indian startups are going global and making waves across geographies. BYJU’s Oyo, Freshworks, and Ola have forayed into diverse regions in emerging and developed economies. Can India produce the next set of entrepreneurs who can lead the global digital landscape? There is a sense of triumphalism in the startup ecosystem. The mood is upbeat and energy levels continue to rise unabated.
HYDERABAD: Hyderabad’s WeHub has been named as one of the regional partners that will work with NITI Aayog’s WEP Women Transforming India Awards 2019. At the WEP 2019 Roadshow on Tuesday, experts discussed the challenges faced by women-led entrepreneurial projects with regard to obtaining funding.
India, 21 August 2019: T-Hub, which leads India’s pioneering innovation ecosystem. It today
announced the success of five startups from the second batch of its incubation program Lab32 on
World Entrepreneurs’ Day.
India, 8 August 2019: T-Hub, which leads India’s pioneering innovation ecosystem, today called for
applications for the third batch of Lab32, a comprehensive incubation program, tailor-made for earlystage tech product startups. The third batch of Lab32 will commence from 1 December 2019, and the call
for applications begins today. Interested startups can apply here.
T-Hub’s programme will pick 30 startups for quarterly support and will handhold startups, create right business plans for them along with financials and investment pitch deck to get angel investors excited about them.
Mukesh Ambani-backed Reliance Industries is clearly on a startup acquisition spree. It recently acquired a majority stake in Fynd, which hints towards Reliance’s increasing ambitions in the e-commerce sector.
Spyne, an AI-based SaaS startup, which helps creative professionals such as photographers and corporations to leverage their content for business growth, has raised seed funding led by Smile group and other angel investors.
Agriculture tech startup Gramophone today said that it has raised ₹24 crore from existing investor InfoEdge, which owns Naukri.com, and impact investors Asha Impact and Better Capital, among others.
Indian Institute of Technology Mandi’s technology business incubator Catalyst has invited application from startups for the third edition of its annual flagship event – Himalayan Startup Trek (HST).
While there are many companies in the application layer of the tech stack, there is a dire need for indigenous Indian tech startups to enhance the other layers. It is time to increase India’s presence in this sector that has mostly foreign expertise.
Biotech startup Sapien Biosciences became India’s first commercial tissue collection biobank. Sapien hopes to build a high quality bio-repository with ethically consented human samples that will be used to develop and deliver diagnostic applications to further medical innovation.
To promote innovation and creativity in the state, a first-of-its-kind ‘Innovation Exhibition” will be hosted by Telangana State Innovation Cell (TSIC) under ‘Intinta Innovator’ program, in all 33 districts of the state on August 15 as a part of Independence Day celebrations.
Hyderabadis, listen up! Want to earn from your household scrap while helping the environment? This startup not only offers a free pick-up service, it also uses a part of the profits to educate underprivileged kids.
The USP of its platform is that it can throw up top five applications for the job role for which the company is hiring and also state the rationale behind choosing these candidates over others.
IT Secretary and In-charge Vice-Chancellor of Jawaharlal Nehru Technological University, Jayesh Ranjan, would volunteer to ‘try out’ a credit-based system of education at the varsity which would boost the entrepreneurial spirit of the students without compromising on academics. Mr. Ranjan was speaking on the sidelines of the four-day workshop on Thursday.
“Games for Good: Designing Games with a Social Impact” at T-Hub here from July 25 to 28.The event include a workshop portion followed by a “game jam” during which participants will conceptualize games with a social message, US Consulate General Hyderabad said in a release here on Wednesday.
Hyderabad: American digital payments firm PayPal here on Tuesday announced expansion of its IndiA footprint with the launch of third global technology centre. Guru Bhat, Vice-President and Head of Engineering, PayPal India, said the Hyderabad facility would house around 100 engineers across roles, including risk management and operations, to provide cutting-edge digital payments solutions to customers around the world.