Startup founders seek incentive push for segments like fintech, Healthtech and consumer wearables to drive growth across the sectors, and the larger startup spectrum. Ahead of the Interim Budget to be presented by Finance Minister Nirmala Sitharaman on February 1, the sector sought support in the form of Production Linked Incentive scheme (PLI) for self-reliance.

Startup Odisha, an initiative by the MSME Department, Government of Odisha, today organized STARTUP UTSAVV 2024. The event, dedicated to celebrating the spirit of innovation and entrepreneurship, witnessed a convergence of industry leaders, government officials, startups, incubators, academic institutions, mentors and other stakeholders of the ecosystem.

In today s Finshots, we tell you why the Securities and Exchange Board of India (SEBI) has frozen the bank accounts of a startup called Growpital. Before we dive into the article, we have a quick announcement. Ditto Insurance is hiring for multiple marketing roles across performance marketing, content marketing, video editing, and more! Get in on the ground floor of a rapidly growing startup with a mission to revolutionize insurance. Don t miss out on this opportunity Apply now here.

Held during the Startup India Innovation Week, the roundtable provided insights into their experiences, factors contributing to their growth, and identified areas for enhancing the Indian startup ecosystem s growth, aiming to position the nation as a global startup leader.

MG Motor India has announced the launch of the MG Developer Program and Grant (MGDP) Season 5.0 in association with Startup India and Manthan. Themed Artificial Intelligence in Electric Mobility , this initiative aims to broaden the innovation platform for startups, developers, and innovators while establishing a launchpad for new ideas and narratives.

Held under the banner of Tapasya beach festival (TBF), the event is aimed at fostering and nurturing emerging startups Vishwas US, regional director, International Federation of Inventors Association (IFIA) Bharat, who is spearheading this initiative, said this is an effort to unite the startup ecosystem

As India emerges as a viable alternative for global majors to diversify their production base, industry players, without hoping for any big bang reforms, are seeking policies that are business friendly, boost domestic manufacturing ecosystem, and foster innovation in the Interim Budget 2024.

Uttishtha 2024, the 7th edition of the biggest agri startup expo, has concluded with great fanfare after two days of talent, innovation, and creativity organised by the Foundation for Innovation and Entrepreneurship Development [FIED] and ECell at IIM Kashipur. The event showcased a number of forward-thinking startups run by bright young people from all around the nation.

Governance in Indian startups needs to improve, and more independent directors are needed on company boards to that end, Flipkart Group CEO Kalyan Krishnamurthy told Money control in a rare and candid interview. Governance in the country on startups has to improve in general. In the last one or two years, a lot of rigour has set in.

Glenmark Pharmaceuticals Ltd. (Glenmark), a leading, research-driven, global pharmaceutical company, and Ichnos Sciences Inc. (Ichnos), its global fully integrated, clinical-stage biotech subsidiary, today announced the launch of their alliance Ichnos Glenmark Innovation to accelerate new drug discovery in cancer treatment.

Experts expect that the tax adjustments in the interim budget for 2024 would improve the existing climate for investments in startups While an interim budget does not usually have big announcements, there are some areas where longterm policies should not be delayed. Parity for equal capital gains tax rates for listed and unlisted companies is among one of them.

Cyber Insurance goes beyond financial protection, often encompassing elements like reputation management, business interruption, and compliance with data protection regulations. This insurance is crucial for companies relying heavily on digital infrastructure, such as startups, as it mitigates the potentially devastating consequences of cyber incidents, ensuring their ability to recover swiftly and continue operations in an increasingly digitized business environment.

China on Wednesday published revised rules on how local governments should manage funds allocated by Beijing for scientific and technological innovation, at a time when local government finances are under stress. The rules reiterate the need for local governments to report wasteful and illegal use of such funds to central government ministries, and warn against the use of such funds for debt repayment, pensions and civil servant salaries, according to a document on the website of China s ministry of finance.

Ramkumar Ramachandran, Cofounder of the startup said, WIZ is set to double its workforce at the Tech and R&D Center in Chennai, which has 200 employees at present. It acts as a central control centre for tracking shipments. The company said it has an artificial intelligence-based platform for capacity discovery, dynamic pricing, optimizing routing and tracking etc.

While there has always been a lot of expectations from the Union Budget from the startup ecosystem, it often falls short of adequately addressing the needs of startups, primarily due to the government s inclination towards a more conservative approach, notwithstanding the ecosystem s rapid expansion which outpaces administrative responsiveness

TigerPay, the Dubai based fintech startup founded in 2023 by Prabh Singh, is revolutionizing payment solutions for SMEs in the region with its flagship product, softPOS, and QR and link payments. In a significant development, TigerPay successfully raised a preseed round of USD 250k last year and is now entering its second fundraising round, targeting USD 1.5M.

TigerPay, fintech startup established in 2023 by Prabh Singh and based in Dubai, is reshaping payment solutions for Small and Medium Enterprises (SMEs) across the region. The company s flagship product, softPOS, along with QR and link payments, has been a gamechanger.

AI based security startup P0 has raised $6.5 million in its seed round from Silicon Valley based investor Lightspeed Venture Partners. Founded by Kunal Agarwal, and Prakash Sanker, P0 works like an assistant for a developer, which utilises large language models (LLMs) to pinpoint safety and security concerns in software.

US based startup Figure AI, specialising in humanoid robots, is reportedly in discussion with Microsoft and OpenAI to lead a funding round to secure $500 million. According to a Bloomberg report, Microsoft is expected to invest approximately $95 million, with OpenAI contributing around $5 million.