Startups

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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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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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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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Edtech startup Brightchamps valued at nearly $500 million with Premji Invest-led funding

Premji Invest has led a new round of funding of $51 million, along with participation from edtech-focused investor GSV Ventures, Flipkart cofounder Binny Bansal-backed 021 Capital and Singapore-based venture fund Beenext.   EDtech Startup Edtech startup Brightchamps, which offers online courses on programming, artificial intelligence, design thinking and financial literacy to kids aged 6-16 years, …

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Three women edupreneurs from Kolkata helping you to chose career wisely with their 46 unique pointers

Are you finding it difficult to choose the right career for you or your children? Don’t get puzzled. Three women entrepreneurs from Kolkata are showing you the way to choose your dream career! Want to know how? Spare a few minutes in reading the article. Not a cakewalk It is not an easy decision to …

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Digital payments startup Paytm launches India’s biggest IPO

With its $2.46bn target, Paytm, backed by Ant Group, SoftBank, Berkshire Hathaway, will be India’s biggest IPO.   Digital platorm India will see its biggest-ever initial public offering with digital payments platform Paytm looking to raise nearly $2.5bn, in what has already been a record year for share listings Paytm is backed by Chinese tycoon …

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Zepto, a 10-minute grocery delivery app in India, raises $60 million

Two 19-year-old entrepreneurs, who previously collaborated on a number of projects including a ride-hailing commute app for school kids and left Stanford last year to pursue a new startup, said on Sunday they have raised $60 million to disrupt India’s overcrowded and highly-competitive grocery delivery market.   Zepto’s first institutional Glade Brook Capital led Zepto’s …

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Subscription models helping Indian SaaS startups tap domestic enterprises

SaaS companies have gained significant funding traction in the past two years and will continue to gain investor focus. Indian software Indian software-as-a-service (SaaS) companies expect the country to grow faster this year led by the acceleration in demand for digital and cloud. The availability of talent, cost advantage and a strong small and medium …

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Tiger and Falcon look to double down on Indian social commerce startup DealShare

Tiger Global and Falcon Edge Capital are looking to double down on their bets on DealShare, becoming the latest high-profile investors to go all-in on India’s nascent but growing social commerce trend.   Jaipur-headquartered startup The two firms, both of which are already an investor in the Jaipur-headquartered startup (AWI, which is managed by Falcon, …

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