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

The Indian Institute of Technology Madras (IIT Madras) said on Tuesday that it is targeting incubating at least 100 startups across various sectors in 2024. Recognised as one of the top deeptech 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.

The winds of change are sweeping through the Indian startup ecosystem, with 2024 heralding a departure from the exuberant funding landscape of the past. The cautionary tale embedded in this year’s investment numbers, witnessing a plunge from $37 billion to a modest $7 billion, serves as a wakeup call for both venture capitalists (VCs) and founders.

The company s website now confirms the developments around Binny Bansal s latest startup. OppDoor s website says the company offers a comprehensive suite of services. It adds that OppDoor s services span a brand s complete lifecycle, from birth to exit. Hence, we provide both fully managed operations and business advisory services.

Flipkart cofounder Binny Bansal has reportedly launched his new startup to provide end to end solutions to ecommerce firms. Bansal had parted ways with Flipkart following its acquisition by Walmart in 2018. It is the first time he has come up with his venture after leaving Flipkart.

As per the startup intelligence platform TheKredible, SalarySe has been valued at around Rs 123 crore or $15 million in its maiden funding round. Post allotment of the round, Surge Ventures acquired 20.34% stakes in the company whereas Pravega Ventures owns 15.26% of the company. SalareSe s cofounders Mohit Gorisariya, Saumeet Nanda and Piyush Bagaria diluted their stakes to 54% (collectively).

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Coliving startup Settl has raised Rs 10 crore in a preseries A round from Zerodha s Nikhil Kamath backed venture capital fund Gruhas, early-stage investment platform We Founder Circle, the company said on Tuesday. Anthill Ventures, Inflection Point Ventures, Ah! Ventures, Nila Spaces Limited, Soonicorn Ventures, Awficacy Capital, Pai Ventures LLP and Ekyum also participated in the round.

In the dynamic landscape of technology and innovation, Artificial Intelligence (AI) has emerged as a transformative force, catalysing a wave of groundbreaking startups that are reshaping industries and redefining the way we live, work, and interact.

In the dynamic realm of technology, startups play a pivotal role in reshaping the landscape, pushing boundaries, and introducing groundbreaking innovations. In the era of AI, a wave of startups is emerging, driven by a commitment to redefine the technological status quo.

Accelerate India is an initiative that aims to promote startups globally, facilitating their growth, and fostering connections with potential investors and industries across the world. Accelerate India is a one-of-a-kind platform designed to empower startups, family offices, and enterprises to embrace the global stage, bridging the gap between innovation and international impact.