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9th January 2024: India has emerged as a thriving center for startups, witnessing a surge in new ventures, with many achieving the coveted status of Unicorns startups valued at over one billion dollars. Presently, India boasts over 100 Unicorn Startups, indicating the rapid growth of these enterprises. Today, we delve into the success story of a startup that transformed old mobile phones into a multimillion-rupee enterprise.

Indian Railways has taken an important initiative in the field of innovation through participation of startups and other entities. Startups for Railways initiative was launched by Ministry of Railways on 13.06.2022.

The emergence of Indian drone startups is reshaping various industries, introducing a heightened level of efficiency, precision, and innovation into sectors that have traditionally adhered to conventional methods.

According to an official release, the India Blockchain Forum (IBF) and Alize Capital, including its stepdown subsidiary Alize Media Pvt Ltd and standalone entity Alize Media UK Ltd, entered into a Memorandum of Understanding (MoU) to collaborate on advancing the development of the blockchain ecosystem, policy advocacy, and startup enablement in India.

Nikhil Kamath and Abhijeet Pailed investment firm Gruhas has partnered with Mumbai based creative talent management firm Collective Artists Network to form a new investment fund that will back 1015 consumer startups. The new fund, Gruhas Collective Consumer Fund, plans to invest around Rs 150 crore in areas such as fashion and lifestyle, health and wellness, coffee and beverages, personal care, and food services.

Grip Invest, an investment platform with USD 10 million funding, and two startups have collectively raised USD 16 million (around Rs 132 crore) in separate funding rounds, the companies said. Grip Invest secured the maximum amount of USD 10 million in series B round from new investors Stride Ventures, LC Nueva, and Multiply Ventures as well as from existing investors Venture Highway, Anicut Capital and AdvantEdge.

Over the next three years, the department of information technology, electronics and communication (DITE&C) aims to create an ecosystem to encourage innovators and startups to design tech services or products in Goa, said IT minister Rohan Khaunte on Wednesday

The Pune based startup had earlier raised $1.3 million from Amit Ratanpal, Sachin Anand and Dipen Shah. The proceeds would be utilised to create an impact on chronic pain management, incorporating cutting edge technology and progressive exercises, FlexifyMe said in a press release.

We are pleased to announce that Feminism in India (FII) has been selected for the second cohort of the Google News Initiative (GNI) Startups Lab, a 12week catalyst program created in collaboration with Any mind Group and Thub. The program aims to help the next generation independent Indian early-stage news startups achieve financial and operational sustainability.