STARTUP OF THE YEAR
India to fund 250 defence startups over next 5 years
The defence ministry will be earmarking at least Rs 500 crore for its Innovations for Defence Excellence (iDEX) initiative. Expressing his support for the initiative, defence minister Rajnath Singh said at a function on Monday that India could emerge as a $10 trillion economy over the next 10-15 years if innovation talent is harnessed.
ITC acquires minority stake in FMCG vending machine start-up
The Kolkata-based conglomerate said this will strengthen presence of ITC's FMCG ...
Singapore consortium pulls out of Andhra’s Startup Area Project
The AP government said in a statement that the Singapore consortium pulled ou...
From Oyo to Uber, how SoftBank’s $100 billion has left the startup ecosystem weaker
Flush with cash, entrepreneurs operated with scant regard for profit. The whole system eventually overheated.
Milk delivery startups limit products to conserve cash, make supply chain efficient
Gurugram-based Milkbasket said it was scaling down operations in select localities in Bengaluru and Delhi NCR — its two largest markets. DailyNinja, which counts Matrix Partners and Sequoia Capital as investors and has raised about $10 million, is looking for a buyer
TiE Global Summit 4.0 to emphasise on global outreach for startups
TiE has been a leading organisation in fostering the entrepreneurial ecosystem around the world. In a span of nearly two decades, TiE has created a massive network of startups, investors, mentors, academia and brought together all stakeholders to bolster global entrepreneurship.
100X.VC to invest over Rs 200 crore in startups
100X.VC is India's first venture capital firm to invest in early stage startups using India SAFE Notes (iSafe). Under iSafe, an investor makes a cash investment in return for a convertible instrument.
Startups offer mentoring to women staffers for leadership challenges
Startups are prioritising gender diversity in leadership. Other newage companies including Jombay, Healthians, Bigbasket, Uber and Byju’s are stepping up their efforts to nurture future women leaders who can drive growth, product innovation and profitability.
‘IT services & tech startups help put India on the AI path’
For artificial intelligence and machine learning algorithms to run on big data, Indian companies require technology that will digitise and store data. Industry is now increasingly adopting this infrastructure. Since legacy systems are slow to change, they are the laggards.
Indian SaaS startups need to turn inwards to move forward
There is a myth among the local VCs that small business in India only uses pirated software and will never pay. The reality, however, is that most attempts have been too early, mostly thrusting complex enterprise style software to a user base that is very happy with WhatsApp.
KIFF keeps off row, no photo of Didi at venue this year
Barring advertisements across the city, it seems the organisers have stayed away from putting up Banerjee’s photos at the state government-run Nandan, the main venue of the film festival.
Odisha to work with IMF on multi-year budgeting system
A team of the IMF met with top officials of Naveen Patnaik’s government recently to review the state’s Public Finance Management system. Under a tripartite agreement, the IMF's South Asia Training and Technical Assistance Center is helping state to move towards a multi—year budgeting system based on more real and forward looking fiscal projections.
Paytm plans to invest Rs 500 crore in tech startups
The company said it expects to employ technology across the growing internet to become the dominant player in AI.
5G support, Snapdragon 735 SoC & more: Nokia 8.2 could be this year's last premium smartphone
HMD is yet to reveal the exact specs and pricing of the new Nokia 8.2.
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