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Maruti Suzuki India Limited concluded the 2nd Cohort of its Incubation Program for Mobility Startups. The early-stage startups Woloo, Hala Mobility and Switch On were declared as winners. The winners will now get an opportunity to undertake a paid Proof of Concept with Maruti Suzuki to cocreate solutions using disruptive technologies for actual business use.

While the global environment remains uncertain, 46 per cent of Indian tech startup founders expect a better funding environment in 2024, said technology industry association Nasscom and consulting firm Zinnov in their latest startup survey comprising over 100 startup founders. 31 per cent of the respondents are of the view that the funding scenario will see no change from 2023 while 23 per cent are pessimistic about the change this year.

Insurtech startup Riskcovry secured about USD 4.5 million in a bridge round of funding. The round was led by Dubai based business to business (B2B) fund Morphosis Venture Capital. IIFL also participated in the round. According to the company, it plans to use these funds to push towards profitability and eventually close its Series B round of funding.

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Mumbai: Call it the impact of the funding winter nudging investors to take a stricter look at companies financials before writing cheques to them, startups are striving to achieve profitability Meesho, MobiKwik , Oyo are among startups which managed to report profitable quarters in FY24

The Indian Institute of Technology Madras (IIT Madras) is targeting incubating at least 100 startups across various sectors in 2024. Recognized as one of the top deep-tech startup ecosystems in India, the IIT Madras Incubation Cell (IITMIC) is the institute’s umbrella body for nurturing, supporting, and overseeing various innovation and entrepreneurship projects.

Google on Monday announced the second cohort of the GNI Startups Lab a 12week catalyst programme that aims to help the next generation, independent, early-stage Indian news startups achieve financial and operational sustainability.

Coming to the unlisted space, data shows that he has invested in startups engaged in businesses such as AI based robotic and automation solutions and 3D printers, among others. Some of the startups he backed at present are Fabheads and Unbox Robotics. Chennai based Fabheads offers composite 3D printing technology for manufacturing applications in industries such as aerospace.

Launched on January 16, 2016, by Prime Minister Narendra Modi, the Startup India initiative focused on building a strong ecosystem for nurturing innovation among startups and encouraging investments in the startup ecosystem of the country. Under the Startup India initiative, startups need to register with the Commerce Ministry s Department for Promotion of Industry and Internal Trade (DPIIT) to access a host of tax benefits, easier compliance, IPR fast tracking and more.