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These initiatives, rooted in impactful applications, are a testament to Lentra s commitment to innovation. Their intelligent cloud lending platform addresses current needs and anticipates market evolutions, positioning their partners ahead of the curve.

Karnataka has seen a sharp decline in funding for startups, especially in Bengaluru, it said. Due to slowdown in advanced economies, Karnataka witnessed a 46 per cent decrease in FDI, dropping by USD 2.5 billion from USD 5.3 billion in the first half of FY23 to about USD 2.8 billion in the first half of FY24, mainly due to reduced funding for startups and a drop in FDI inflow in the IT/Software sector, the review said.

A top Indian American venture capitalist from Silicon Valley has urged India to create a short term interministerial commission to review the rules and regulations governing the startups to facilitate them to be the next Google and Facebook of the world.

Indian space startups have attracted over 1,000 crores of private investment since April this year, said Union Minister Jitendra Singh on Wednesday, adding that the country has the potential to reach a 100 billion USD space economy by 2040.

Amid the global surge in the startup ecosystem, India stands out as a burgeoning economic force, witnessing an unparalleled boom in the sector. The country is currently in the throes of a transformative era, and in this evolution, women entrepreneurs are playing a pivotal role in reshaping the narrative.

In recent years, a multitude of initiatives and programmes have emerged aimed at empowering women in the technology sector. These efforts focus on fostering gender diversity, providing skill building opportunities, and supporting women s advancement in technology related careers.

Venture capital firm GV, backed by Google parent Alphabet Inc , has hired Michael McBride from software firm GitLab as its latest general partner to focus on opensource and AI startups , the firm told Reuters. McBride served as the chief revenue officer for five years at GitLab, an opensource developer tools maker in GV s portfolio that went public in late 2021.

The moment all of this anonymised personal data is available on the India datasets platform, we will have the power to curate access to Indian startups, Indian research community, Indian companies, and any other foreign company that we believe is building a trusted AI model, Chandrasekhar said.

In recent years, the landscape of fintech in India has undergone a remarkable transformation, with a spotlight on the B2B segment. Among the various sectors within fintech, digital lending has emerged as a driving force, revolutionizing the way businesses access capital and manage their financial needs.