Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu had launched the Rajiv Gandhi Self-employment Startup Scheme some time ago. Under its first phase, unemployed youth above 23 years of age are being given unsecured loan for purchasing etaxi and ebus and 50 percent subsidy is also being given.

Fintech startup ZestMoney to shut shop, layoff 150 employees Homegrown digital EMI financing platform ZestMoney, backed by Goldman Sachs, is shutting down operations after several unsuccessful attempts to find a buyer. The BNPL s leadership informed the employees in a townhall meeting about the decision to shut down, saying it will let go of the remaining 150 employees. The company will only retain a skeletal legal and finance team to see through the shutdown.

SenseAI Ventures, a frontrunner in the AI investment landscape, on December 6, announced the launch of the SenseAI Fund I. It is a Rs 200crore initiative dedicated to fostering India s AI startup ecosystem. SenseAI Fund I is poised to invest in 1820 AI first startups, focusing on seed/preA stage companies. The fund also plans to make follow on investments in its most promising portfolio companies.

WSO2, an API management, integration, and customer identity and access management (CIAM) services provider, has partnered with Microsoft to streamline cloud native application development for Indian startups on Microsoft Azure using Choreo. Choreo, WSO2 s cloud native internal developer platform on Azure, provides startups access to essential tools, reducing both the time and costs associated with development.

Adani Stocks Zoom up to 20% in Best Singleday Show Adani Group stocks surged on Tuesday, adding 1 93 lakh crore to market capitalization and marking their best single day market performance, following a report by Bloomberg that quoted an unnamed official of the US International Development Finance Corp (DFC) as saying that the allegations by Hindenburg Research were not relevant

Karnataka ITBT minister Priyank Kharge said the initiative aligns with the government s policy to foster innovation and collaboration opportunities for startups Karnataka government on December 6 invited startups, urging them to offer technological products and solutions for different government departments.

K taka govt invites startups to provide tech solutions Bengaluru: The Karnataka government on Wednesday invited startups to provide tech products and solutions for the government departments. In tune with its policy to create innovation and collaboration opportunities for startups, the Karnataka Innovation and Technology Society (KITS), Department of Electronics, IT/BT and S and T, has invited proposals from startups for government departments, an official release said.

The government has recognised 1,14,902 entities as startups as on October 31, Parliament was informed on Wednesday. These eligible firms are allowed to seek fiscal incentives under the Startup India Action Plan, which was launched in January 2016, and that includes income tax exemption for three years.

Grapevine: Manipal Tech looking to dilute minority stake; two VCbacked startups shut shop Premium Credit: 123RF.com Ranjan Pailed Manipal Group s arm Manipal Technologies is set to raise funding by bringing in a new financial partner into the family-owned business, a media report has said, citing multiple people aware of the development. Manipal Tech, reportedly the largest manufacturer of banking and smart cards in India, is planning to ……

Having reached $92.3 billion in 2022, the Indian biotech industry aims for an impressive $150 billion by 2025 and an ambitious $300 billion by 2030 (Source). This remarkable path presents a compelling opportunity for individuals and companies worldwide to engage in and contribute to the flourishing biotech market.

Investment Summit & Startup Pitch on 7th December 2023 in collaboration with the Dubai Department of Economy and Tourism. The event will be a dynamic confluence of prominent industry leaders, esteemed investors, and innovative startups at Radisson RED Dubai Silicon Oasis, creating an unparalleled platform for knowledge exchange, networking, and investment opportunities.

The Dubai Chamber of Digital Economy conducted 24 promotional roadshows across the Middle East, Africa, Asia, and Europe, during which it coordinated 554 business meetings with multinational companies, SMEs, startups, and scaleups. The chamber also launched the Emirati Training Academy under the umbrella of the Create Apps in Dubai initiative.

Byju s CEO says will tide over crisis in 4560 days; BNPL startup ZestMoney to shut down Want this newsletter delivered to your inbox Also in this letter: Byju Raveendran says will tide over liquidity crisis in 4560 days Call details: Quote, unquote: