The Mumbai based startup intends to diversify its product portfolio and is planning to launch night driving glasses and photochromics in the coming months. 100X.VC has so far invested in more than 140 startups and raised upwards of $72 million funding from VC funds, HNIs, Angel Networks and Family Offices.

Venture capital funds to startups drop 66% to $6.9 billion in January November the funding winter continues to affect startups in India, as they have raised $6.9 billion across 1,013 venture capital funding deals during January November 2023. This reflects a 65.8% drop in value compared to the previous year.

The Digital Fifth (TDF) announced a flagship accelerator program for early-stage startups in the banking, financial services and insurance (BFSI) sector. The first batch of startups to be groomed under the accelerator program will be revealed on February 7, 2024, at the Bharat Fintech Summit. TDF is currently accepting applications from startups till January 2.

Bulls Lassoed after Intraday Charge to Peaks Indian stocks tumbled on Wednesday after hitting all-time highs in early trade as concerns over an overbought market after the recent, near one-way run up and renewed Covid fears prompted traders to cut some of their bullish bets

Panasonic Life Solutions India and Panasonic Corporation in collaboration with a leading seed stage venture capital (VC) 100X.VC on Tuesday announced that it selected 12 startups from over 140 entries received for the Panasonic Ignition Corporate Innovation accelerator programme.

More than 15,000 employees were laid off by roughly 100 Indian startups in 2023 as funding winter persists. According to data sourced from Layoffs.fyi, cash strapped Byjus sacked 2,500 of its staff in the second round this year. The edtech startup s founder Byju Raveendran pledged his home to raise funds for paying salaries to his employees.

InQubeta is more than just another new ICO in the crypto space; it’s a visionary project transforming how we approach AI startup investments. Traditionally, investing in AI startups was a privilege for a few with the right resources and connections. InQubeta shatters this barrier by offering fractional investments in AI startups through its QUBE tokens.

Indian startups witnessed a 65.8% drop in funding in terms of value between January and November 2023, according to a report by Times of India. Indian startup funding shrinks by 73% in 2023. What model companies can adopt now Citing data from GlobalData, Indian startups raised $6.9 billion across 1,013 venture capital (VC) funding deals in the past 11 months this year.

The goal is to enhance computational capabilities within the country and provide computeasaservice to Indian startups. The initiative involves capacity building within the government and through a public private partnership model. The government aims to capitalise on the upcoming AI boom, anticipating it to be a crucial economic driver.

In the dynamic world of entrepreneurship, securing capital is often the linchpin for turning innovative ideas into successful startups. For an angel investor network, nurturing promising startups with the financial resources they need is both a mission and an opportunity.

The AI ecosystem in India is thriving with a diverse range of companies receiving significant funding. Indian AI companies garnered $1.11 billion across 47 funding rounds in 2022. A notable chunk of these startups (17%) offers conversational AI solutions, while 15% work in computer vision.

This impressive growth has drawn a lot of attention from VC investors who poured billions of dollars into AI companies and startups. Despite the overall VC funding slowdown, the strong fundraising activity continued this year, tuning 2023 into the second-best year for fundraising in the AI market’s history after 2021, the report said.