In today s fastpaced and increasingly digital world, startups face numerous challenges when it comes to establishing trust, ensuring security, and maintaining transparency in their operations. Traditional centralized systems often fall short in meeting these requirements, leaving room for inefficiencies and vulnerabilities.

This is Digbijay in Bengaluru. On Thursday, soon after ETtech broke the story that three of Byju’s’ board members had quit, it became clear that the latest developments would have an impact not just on the edtech major’s fate, but on the Indian startup ecosystem as well.

Arpit Dhupar s Faridabadbased startup Dharaksha Ecosolutions, for instance, offers sustainable packaging to replace polystyrene (thermocol) with biodegradable materials made of crop stubble and mushroom roots. Though some polystyrene products are banned, the material is still widely used in packaging and continues to make its way to landfills.

This week, 22 Indian startups raised funding of over Rs135 million. Drools and ideaForge were the top fundraising startups that scooped up Rs60 million and Rs30 million respectively. Last week, homegrown startups raised Rs220 million in funding. Meanwhile, the details of five startups remained undisclosed.

At a time when instances of financial irregularities and corporate governance lapses have emerged in several startups including edtech decacorn Byju s, Amitabh Kant , India s G20 Sherpa said that it is imperative for startups to prioritise good governance, build trust with stakeholders and create a culture of accountability and transparency.

Calling for a robust selfregulatory framework for startups , India s G20 sherpa, Amitabh Kant , said Saturday that there are lessons to be learnt from recent corporate governance failures at some Internet companies in India. We have seen this happening in several startups in recent times.

The event saw over 30 pitches by startups, which are part of IIM s Enterprise Incubation Centre It saw some interesting pitches from startups like Big Hit sportz, which aims to spot sporting talent from noncricket sports. The company has partnered with over 15 national federations from different sports categories.