A lot of Indian universities are giving a year off to students for building startups. BITS Pilani, IIT Madras, IIT Hyderabad, DIT University, IIT Bombay, IIT Kharagpur, and a few more are giving a year off, which some call a temporary withdrawal programme allowing students to take a break from their academic studies and pursue their entrepreneurial calling.

We Founder Circle (WFC), a founders led earlystage startup invested a total of 207 deals in 162 unique startups within 3 years of operations. This year over 15 startups have raised their next rounds & WFC has also given partial exits in 3 startups to its investors. Currently, 5 partial exit discussions are in the advanced stage including corporate VCs & acquisition offers.

Startup Settl has raised Rs 10 crore from investors including Gruhas and We Founder Circle (WFC) to expand its business. Startup Settle has more than 60 coliving centers in Bengaluru, Hyderabad, Gurugram and Chennai. There are a total of 4,000 beds in these.

2023 proved to be a tough year for startups as investors stayed selective in allocating capital into companies and term sheets were signed only after weighing the ability of firms to deliver profitability With scarce funding and difficult investor questions being posed around the viability of business models, startups laid off employees, shut cash guzzling verticals, made pivots, while a few players like Dunzo and Koo are struggling to stay afloat

SoftBank, which has refrained from entering into new startup funding deals in India, is getting ready to divest stakes in IPO bound Ola Electric and FirstCry, while still holding shares worth USD 1.11.2 billion in its listed portfolio companies in the country.

The year 2024 may start on a bitter note for edtech unicorn Byjus, with another top-level exit after multiple resignations last year. The company has been embroiled in a slew of issues lately including auditor, board member resignations; alleged governance lapses; regulatory compliance; investor pullouts and valuation markdowns.

More startups want to flip back to India; SoftBank s returns from listed firms Want this newsletter delivered to your inbox Also in the letter: More startups India bound; map reverse flip Pine Labs moves: Growing trend: More homecoming.

Indian autonomous driving company Swaayatt Robots has announced that it achieved the world’s first Level 5 autonomous driving capability. In the demonstration, its autonomous vehicle i.e, Mahindra Bolero, learned to negotiate complex traffic dynamics in the TollPlaza and successfully crossed highly unstructured tollgates.

Elevate Your Tech Prowess with High Value Skill Courses Offering College Course Website MIT Technology Leadership and Innovation Visit Northwestern University Kellogg Post Graduate Certificate in Product Management Visit Indian School of Business ISB Professional Certificate in Product Management Visit The Indian Institute of Technology, Madras ( IITM ) aims to incubate at least 100 startups across various sectors in 2024 , its director V Kamakoti has said

Elevate Your Tech Prowess with High Value Skill Courses Offering College Course Website MIT Technology Leadership and Innovation Visit Northwestern University Kellogg Post Graduate Certificate in Product Management Visit Indian School of Business ISB Professional Certificate in Product Management Visit The Indian Institute of Technology, Madras ( IITM ) aims to incubate at least 100 startups across various sectors in 2024 , its director V Kamakoti has said