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The same was true for Inflection, Character.AI, and even the recent Mistral, where the founders left Google DeepMind, Meta, and OpenAI, to build their own startups. KaiFu Lee, a computer scientist who has previously worked at Google, Microsoft, and Apple, has also started 01.AI, his own AI startup.

State owned STPI has started inviting applications from startups under its Leap programme to fund entrepreneurs in collaboration with venture capitalists and other private investors, a senior official of the organisation said on Monday. Software Technology Parks of India (STPI) will select 75 startups under the programme this year and facilitate funding of up to Rs 1 crore in each startup in collaboration with venture capital firms and angel investors.

Software Technology Parks of India (STPI) in collaboration with The Indus Entrepreneurs (Tie) DelhiNCR will select 75 startups under the programme this year and facilitate funding of up to Rs 1 crore in 15 startups in collaboration with venture capital firms and angel investors while mentorship will be provided to all startups.

Startups in India have the potential to create 2 million new jobs for women by 2030, suggests the Women in India’s Startup Ecosystem Report (WISER), adding that the ecosystem is uniquely positioned to attract female talent.

Health tech startups are innovatively overcoming barriers and bridging healthcare disparities using new age technologies. These technologies aim to revolutionize healthcare accessibility and quality, particularly in rural and medically underserved areas.

As India’s startup ecosystem continues to evolve, investors from all walks of the world play a pivotal role in shaping the future of entrepreneurship in the country. By staying attuned to emerging trends and employing sound investment strategies, investors can contribute to the continued growth and success of the Indian startup ecosystem.

Companies that have Mukesh Ambani as an investor, do fairly well. However a cash strapped startup backed by Isha Ambani led Reliance Retail has been in crisis for the past few months and now it has posted a loss of Rs 1,800 crore in FY23, a 288 per cent increase from the previous year.

Anondeep Ganguly, chief executive officer, Varco Leg Care Health tech startup Varco Leg Care and Himshakti have secured early stage funding, the companies said on Monday. Varco Leg Care has raised $240,369 (Rs 2 crore) in a bridge funding round led by Neeraj Garg, the former chief executive officer of Hindustan CocaCola.