Global management consulting and strategy advisory firm Zinnov and venture capital firm Chiratae Ventures on Tuesday marked down 2026 revenue projections of the Indian software-as-a-service (SaaS) startups from Rs100 billion to Rs26 billion in its latest annual report on the space.

Giving a fillip to the state’s goal of becoming a startup hub, 14 startups mentored at the Forum for Innovation Incubation Research and Entrepreneurship (FiiRE), Don Bosco College, Fatorda, are selected under the Nidhi Prayas and Nidhi EIR programs of the Department of Science and Technology, new Delhi.

We also put out the policy communique on the StartUp20 webpage for people’s reactions. This is real example of ‘jan bhagidari’ (people’s participation). The draft policy communique has recommendations for five task forces, namely foundations, alliances, finance, inclusion and sustainability,” he said.

ETtech Several startups including Unacademy, Kuku FM, TrulyMadly and QuackQuack have moved the Madras High Court challenging Googles notice asking them to either adopt the company s mandated billing route or risk being removed from its Play Store , people aware of the development said.

One in three startups that attract seed funding have managed to raise followon funding Subscribe to Notifications Not at all a good news for the startup ecosystem. A recent study has found that less than one in three startups that attract seed funding have managed to raise followon funding in the form of a series A round, a report by IANS mentioned.

This week, 14 Indian startups raised funding of over Rs209 million. Atomberg and Capillary Technologies were the top fundraising startups that scooped up Rs86 million and Rs45 million respectively. Meanwhile, the details of three startups remained undisclosed.

In a bid to integrate advanced technologies into the development of the city s infrastructure, startups in Technopark have proposed a GPSenabled waste disposal tracking system and a smart vehicle parking system.

Out of the over 2,500 startups that had raised seed funding between 2015 and 2022, only 29 per cent (i.e., 734 companies) managed to raise a Series A round (typically the first round of institutional Venture Capital funding), the study titled Series A Landscape Report found.

Indian startups went past the Rs1 billion funding mark in May after a sharp fall in the previous month. Like April, the top five companies in the list contributed to more than half of the total fundraise in May. Data compiled by Fintrackr shows that 91 startups managed to raise Rs1.01 billion in May.

At the Startup20 Engagement Group meeting being held in Goa, G20 nations have been called upon to join forces and create an enabling environment for startups, particularly the creation of a Rs1 trillion investment by 2030. The funding recommendation was made during the task force meetings responsible for shaping the Policy Communique.