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PM Modi lauds growth of start ups in India on Mann Ki Baat

Encouraging the youth to become job creators, PM Modi said in a country with high young population, three attributes, namely, ideas and innovation, passion to take risks and can-do spirit were the three things that created success stories.   The government of India earlier started a flagship programme known as Startup India to help create …

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Rash decisions, insecurity and burnout: The dark side of India’s startup funding boom

India’s epic and unprecented startup funding boom has birthed unicorns, minted millionaires and taken companies public at record valuations. In the process though, founders are getting burnt out, employees are veering towards fraud and insecurity is driving people to the dark side. Moneycontrol takes a look.   Chaitanya Ramalingegowda Chaitanya Ramalingegowda feels nothing. His company, …

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NoBroker becomes India’s first realty startup unicorn

An Indian startup that is improving the way millions of people in the nation lease or buy an apartment is the latest firm to become a unicorn in the South Asian market.   Bangalore Based  Bangalore-based NoBroker has raised $210 million in its Series E financing round, its founders told TechCrunch in an interview. Tiger Global and …

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ByteDance is shutting down edtech business in India

ByteDance is shutting down its edtech business in India, the company informed the local team on Monday, according to two sources directly familiar with the matter.   European edtech The decision follows weeks-long discussion in which the company also explored migrating India team to work with the European edtech team, sources said, requesting anonymity as …

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Accenture and Microsoft to support 10 social startups in India

Accenture and Microsoft in India are supporting 10 startups, which focus on social impact and sustainability, by helping them to scale their emerging solutions and business models.   Project Amplify The joint initiative, called Project Amplify will work with 33 startups across the Asia Pacific region. The initiative extends activities launched in South Asia in …

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“Apologising To Nation…”: PM Says 3 Farm Laws To Be Cancelled

Prime Minister Narendra Modi defended the laws saying they were meant as reforms, mainly for small and marginal farmers in the country.   Three controversial farm laws at the heart of massive farmer protests across the country for over a year will be withdrawn, Prime Minister Narendra Modi said today in a stunning announcement just months before …

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India beat T20 World Cup runners-up New Zealand in last over as Rahul Dravid starts tenure with win

Winning start for Rahul Dravid as India head coach as his side beat New Zealand by five wickets; Suryakumar Yadav fires 62 for the hosts with half-centuries for Martin Guptill and Mark Chapman coming in vain for T20 World Cup runners-up New Zealand, who suffer second defeat in four days.   ​​​​​T20 World Cup runners-up …

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Mensa  Brands  races to unicorn status in just six months.

The funding was raised as part of the firm’s Series B funding round led by Falcon Edge Capital’s growth stage platform, Alpha Wave Ventures, at a valuation of around $1.2 billion.   Indian startup Mensa Brands, which buys stakes in digital brands, raised $135 million at a valuation of around $1.2 billion, it said on …

Mensa  Brands  races to unicorn status in just six months. Read More »

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Huge opportunities for Korean firms in India’s startup ecosystem: Piyush Goyal

Huge opportunities exist for Korean investors in India’s startup ecosystem and both the countries need to increase collaboration in sectors such as automobile, textiles, food processing, and chemicals to enhance economic ties, Commerce and Industry Minister Piyush Goyal said on Friday. The minister also invited Korean businesses to invest in India.   Korean investors “Korean …

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India an opportunity which will dwarf many other countries’ startup ecosystems: Paytm founder Vijay Shekhar Sharma

“Indian entrepreneurs already handle uncertainty as if it is a norm, not a special condition. That is the beauty of Indian entrepreneurship. We are underestimating the impact that Indian will have on global technologies,” he said.   Paytm Paytm founder and CEO Vijay Shekhar Sharma on Thursday said that while many people may underestimate India’s …

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