There is an apparent rising trend in digitally supported home healthcare and specialized physiotherapy services, with startups placing high hopes on the future of this segment. A report from Mordor Intelligence has predicted the Indian home healthcare market is expected to reach a staggering $5.5 billion by 2027, growing at a CAGR of 24.4%.

The success of one or two IPOs does not dictate whether the upcoming IPOs will be successful or not, but it certainly indicates that the markets and investors are enthusiastic about startup IPOs. IMAGE: Kindly note the image has been posted only for representational purposes. Photograph: Kind courtesy Reto Scheiwiller/Pixabay.com

In the midlate 90s, Indian Institute of Technology (IIT) Bombay started thinking about setting up a school to encourage entrepreneurship. An infotech incubator, KReSIT, was created and funded by eminent alumni Nandan Nilekani and Kanwal Rekhi. What was the culture of entrepreneurship in India at the time Professor Deepak Phatak, professor emeritus at IIT Bombay, recently shared an interesting anecdote about his interaction with an entrepreneur looking for incubation at KReSIT.

Year 2023 had a series of cases in which founders locked horns with the Board of Directors, bringing corporate governance standards into sharp focus. Byju Raveendran of Byju s, Bharatpe s Ashneer Grover and Housing.com founder Rahul Yadav (in his new startup avtar), were all in the news with regard to issues pertaining to their style of functioning.

The court on Monday issued a notice to the Directorate General of GST Intelligence in response to petitions filed by the EGaming Federation and gaming startups Games24x7 and Head Digital Works challenging the tax demands, which they say are retrospective.

Maruti Suzuki India Limited concluded the 2nd Cohort of its Incubation Program for Mobility Startups. The early-stage startups Woloo, Hala Mobility and Switch On were declared as winners. The winners will now get an opportunity to undertake a paid Proof of Concept with Maruti Suzuki to cocreate solutions using disruptive technologies for actual business use.

While the global environment remains uncertain, 46 per cent of Indian tech startup founders expect a better funding environment in 2024, said technology industry association Nasscom and consulting firm Zinnov in their latest startup survey comprising over 100 startup founders. 31 per cent of the respondents are of the view that the funding scenario will see no change from 2023 while 23 per cent are pessimistic about the change this year.

Insurtech startup Riskcovry secured about USD 4.5 million in a bridge round of funding. The round was led by Dubai based business to business (B2B) fund Morphosis Venture Capital. IIFL also participated in the round. According to the company, it plans to use these funds to push towards profitability and eventually close its Series B round of funding.

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Mumbai: Call it the impact of the funding winter nudging investors to take a stricter look at companies financials before writing cheques to them, startups are striving to achieve profitability Meesho, MobiKwik , Oyo are among startups which managed to report profitable quarters in FY24

The Indian Institute of Technology Madras (IIT Madras) is targeting incubating at least 100 startups across various sectors in 2024. Recognized as one of the top deep-tech startup ecosystems in India, the IIT Madras Incubation Cell (IITMIC) is the institute’s umbrella body for nurturing, supporting, and overseeing various innovation and entrepreneurship projects.

Google on Monday announced the second cohort of the GNI Startups Lab a 12week catalyst programme that aims to help the next generation, independent, early-stage Indian news startups achieve financial and operational sustainability.

Coming to the unlisted space, data shows that he has invested in startups engaged in businesses such as AI based robotic and automation solutions and 3D printers, among others. Some of the startups he backed at present are Fabheads and Unbox Robotics. Chennai based Fabheads offers composite 3D printing technology for manufacturing applications in industries such as aerospace.