Startups

HDFC to invest ₹100 crore every year in tech startups: Deepak Parekh

NEW DELHI : Mortgage finance major HDFC is mulling to invest up to ₹100 crore per year in technology startups, its chairman Deepak Parekh said on Tuesday. The largest mortgage lender will install a dedicated team understanding the startup ecosystem to do the investments, he said. The announcement comes at a time when there is a lot of focus on the policy front to ... Read More »

Startup tableau to showcase tech innovations at Republic Day parade

India is on its way to becoming a $5 trillion economy by 2025 and startups are expected to lead the pack. Recently, Prime Minister Narendra Modi at the convocation of IIT-Madras, announced that India is at the third spot in the top startup nations of the world, with more than 7,000 startups in the ecosystem. The Indian startup ecosystem is ... Read More »

Indian angels aim for sky in US startup ecosystem

NEW DELHI: A small but growing clutch of angel investors from India is picking bets in the lucrative startup market in the US lured by the promise of seeding high technology ventures that can offer disproportionate returns. Some of these investors — enthused by the big returns earned from pre-IPO secondary bids in big-name startups like Pinterest and Dropbox — are laying out fresh ... Read More »

Late-stage Indian startups bulk up its boards with independent hands

New Delhi | Bengaluru: Late-stage tech companies in India are increasingly inducting prominent independent directors, as they look to strengthen their boards to address compliance and governance issues, as well as align the interests of multiple investors before going public. Oyo, Ola, Freshworks, Flipkart and Paytm are among leading home-grown technology ventures that have brought in known industry veterans over the course ... Read More »

Bend it like Shashi: Jennifer Lopez-backed yoga startup, Sarva, aims to upend wellness

The teenage years can be assertive and rebellious and it was no different for Chennai-based Sarvesh Shashi, the CEO of fitness startup Sarva. “I was an arrogant and angry child before I turned 17,” he told ET. It was in the same year when he met his guru and was introduced to the discipline of yoga. This was the enlightening moment in ... Read More »

Lending startups now chase logistics firms

Bengaluru: Loans to logistics companies are going digital, with startups in the space looking to leverage data and technology to formalise credit to truckers, fleet owners and truck drivers. Startups such as Loanzen and BlackBuck are lending to driver owners, fleet operators and even first-time borrowers, to finance vehicles and also to fund purchases of spares. “We are looking at ways to fund for ... Read More »

Google to mentor 10 startups in Bengaluru from October 14

BENGALURU: Google on Wednesday announced to kick-start third class of its three-month “Launchpad Accelerator India” programme from October 14 here with a line-up of 10 fresh startups. Similar to the two previous classes, these startups will get access to mentorship from Google teams and industry experts, free support, Cloud credits and more, the company said in a statement. The startups will undergo an intensive ... Read More »

Tech startups and incubators applaud FM’s tax cuts and CSR initiatives

Bengaluru: The latest corporate tax cuts announced by the finance ministry will the reduce cost of capital and incentivize more investments in the consumer Internet segment, according to tech startups and investors in the startup space. The Finance Ministry last week effectively reduced corporate taxes for domestic companies to 25%, down from around 30%. Apart from this, the ministry also widened ... Read More »

Deep tech startups win over ‘patient’ VC funds

MUMBAI: Funding in deep technology startups has seen a spurt with investors and VC firms pooling in more money in higher number of funding rounds in the past year as their appetite for niche products and platforms is growing significantly. Higher technology expertise, global ambitions and more availability of ‘patient’ capital have been the key reasons, experts conclude. A rising number of bets by ... Read More »

[Weekly Funding Roundup] Equity falls 88 pc as startups raise only $75.7M

This week, equity funding receded to just $75.7 million, 88 percent less than last week’s $624.6 million. This week’s funding was spread across just 14 deals, 11 of which were early-stage. The reason for a poor show was the absence of mega rounds and late-stage deals. Weekly funding roundup Early-stage deals Mumbai-based startup Atomberg Technologies raised $10 million as a part ... Read More »