News

Over half, or 44 per cent of investors are investing in startups in Tier 2 and 3 cites, as per a report. Underlining interest in the potential of emerging markets, a report by management consulting platform Primus Partners surveyed startups in 30 domains including food, agriculture as well as information technology and deep or emerging technologies sectors.

In the last ten years, India has witnessed an unprecedented surge in the creation and funding of startups. The country has solidified its position as a major global center for innovation and entrepreneurship with a rise in the number of tech companies in India to 122k to date, with a peak in 2020, witnessing more than 16K new additions.

Google cited the importance of these small companies to grow in the tech space, saying that $4 million will be invested in Israeli AI firms, while the rest $4 million will be used as funding for early-stage Palestinian startups and businesses. Stay tuned for all the latest updates on Ram Mandir! Click here

Europe s startups will get easier access to artificial intelligence dedicated supercomputers to help them develop general purpose AI models as part of a new one stop shop to boost take up of the technology, the European Commission said on Wednesday.

Equirus floats early-stage fund to back tech startups Premium Sadhika Agarwal, Equirus Financial services firm Equirus, which offers investment banking, wealth management and portfolio management services, has set up a fund to invest in early-stage startups.

Startup India began on 16 January 2016, and by 2018, claimed itself as a huge success for having reached an arbitrary mark of 10,000 firms registered under it. But then, that was a public relations byte. Eight years on, the jury is still out.

Showing resilience amid market uncertainties, the funding scenario, the total funding worth $8.4 billion poured into India in 2023, both from Indian and global investors, the Tracxn data shows. It talks about India s decade of growth in tech startups, saying the country has seen an unprecedented surge in the creation and funding of startups.

Once a unicorn ranked among the most valuable startups in the country Byjus is now the largest lossmaking startup of India After a delay of 22 months, Byjus on Tuesday disclosed its financials for FY22.

The Indian startup ecosystem has experienced a monumental shift in the past decade, with sectors such as retail, enterprise applications, fintech, and logistics leading the growth story, data intelligence platform Tracxn Technologies said on Wednesday.

The survey also unveils the challenges faced by startups from emerging cities, with over 40 per cent identifying funding as a major growth hurdle Within this investor segment, an overwhelming 64 per cent have directed their investments towards technology based startups, signalling a substantial appetite for tech driven innovation.