Indian Startup News - Latest Updates & Headlines
India set to double its startup count by 2030, create 5 crore jobs: Minister
Vadodara, March 23: The number of Indian startups is expected to double from 1.2 lakh to 2.4 lakh by 2030, creating 50 million new jobs, Minister of State (Independent Charge), Skill Development and Entrepreneurship, Jayant Chaudhary, said on Sunday.
Piyush Goyal attends Assembly-level startup festival in Gujarat's Vejalpur constituency
Ahmedabad, March 22: Union Commerce Minister Piyush Goyal on Saturday attended the legislative-assembly-level startup festival in Ahmedabad's Vejalpur.
India aims to take number of unicorns to 5,000 in future: Piyush Goyal
Ahmedabad, March 22: Amid a thriving startup ecosystem, India aims to take the number of unicorns from the current 118 to 1,000 and even 5,000 in the future, Union Minister of Commerce and Industry, Piyush Goyal, said on Saturday.
25 domestic startups raise over $176 million in funding this week
New Delhi, March 22: At least 25 Indian startups secured more than $176 million in funding this week, which included five growth-stage and 15 early-stage deals.
SEBI proposes ESOP benefits for startup founders even after IPO
Mumbai, March 21: The Securities and Exchange Board of India (SEBI) has proposed a change in rules that will allow startup founders to continue holding Employee Stock Option Plans (ESOPs) even after their company goes public.
Ultraviolette Tesseract scooter surges past 50,000 pre-bookings within two weeks of unveil
New Delhi, March 19: Ultraviolette, a pioneer in performance electric mobility, has achieved a groundbreaking milestone with the Tesseract, The World's Most Advanced Scooter.
Ultraviolette expands footprint in East India; Launches UV Space Station in Patna
Patna, March 18: Ultraviolette, the manufacturer behind the 'Fastest Indian Motorcycle,' has officially inaugurated its first experience center, known as the UV Space Station, in Patna, marking a major milestone in its nationwide expansion.
Ola Electric shares sink over 70 pc from peak after insolvency petition against subsidiary
Mumbai, March 17: Shares of Ola Electric Mobility Limited tumbled 7.23 per cent, or Rs 3.65, on Monday, hitting a record low of Rs 46.86 on the National Stock Exchange (NSE).
Indian startups raise over $462 million in strong funding week
New Delhi, March 15: The Indian startup ecosystem witnessed a strong surge in funding this week, with 19 startups collectively raising approximately $462.27 million.
Time to bring a billion Indians into AI-driven digital economy: Nandan Nilekani
New Delhi, March 13: There is an urgent need to build artificial intelligence (AI) solutions suited for India's language diversity, to bring a billion Indians into the AI-driven digital economy, Infosys co-founder and Aadhaar architect, Nandan Nilekani, has said.
Swiggy's profitability under pressure despite strong market position: Jefferies
Mumbai, March 12: Food delivery platform Swiggy continues to face profitability challenges despite its strong market presence, according to a Jefferies report on Wednesday.
30 startups secure over $355 million in funding this week, up 335 pc
New Delhi, March 8: At least 30 startups secured more than $355 million this week, which included three growth-stage and 20 early-stage deals.
Mahayuti will turn Maharashtra into USD 1 trillion economy by 2030: Fadnavis
Mumbai, March 7: Maharashtra Chief Minister Devendra Fadnavis on Friday expressed confidence that his government will turn the state into a USD one trillion economy by 2030, noting that it was the only state to surpass the half-trillion-dollar economy milestone in India.
India 2nd after US in all time funding for women-run tech startups
Bengaluru, March 7: The Indian tech startup ecosystem now ranks second, after the US, in terms of all-time funding raised by companies with women founders, with a total of $26 billion in this space to date, a report showed on Friday.
93 pc women entrepreneurs show strong financial discipline, 81 pc operate independently: Report
Mumbai, March 5: About 93 per cent of women entrepreneurs exhibit a strong financial discipline, actively managing their finances, keeping meticulous records, and ensuring timely payments, a new report said on Wednesday.
Indian startups raise over Rs 13,800 crore in Feb, AI funding grows
New Delhi, March 4: Indian startups raised a total of nearly Rs 13,800 crore ($1.65 billion) in February this year, a 19.5 per cent increase from nearly Rs 11,460 crore ($1.38 billion) in January, according to a new report.
Ola Electric to slash over 1,000 jobs in 2nd layoff round as losses mount: Report
New Delhi, March 3: Ola Electric Mobility is reportedly laying off more than 1,000 employees and contract workers in its second round of job cuts within months.
21 Indian startups raise over $105 million in funding this week
New Delhi, March 1: About 21 Indian startups collectively raised approximately $105.87 million this week, with securing funding across different stages.
Only 1 in 3 Ola Electric scooters sold in February officially registered
New Delhi, Feb 28: Only one out of three Ola Electric scooters sold in February was officially registered, according to latest data from the government's VAHAN portal.
Bharat Tech Triumph Program awards 20 game developers at Grand Finale in New Delhi
New Delhi, February 27: The Bharat Tech Triumph Program (BTTP) awarded 20 game developers at the Grand Finale event in New Delhi.
SolarSquare's losses surge 2.3x in FY24 as expenses rise over 60 pc
New Delhi, Feb 23: Rooftop solar solutions provider SolarSquare reported a significant increase in its losses, of 2.3 times, to Rs 69 crore in the last fiscal year (FY24).
22 Indian startups raise over $184 million in funding this week
New Delhi, Feb 22: At least 22 Indian startups raised more than $184 million in funding this week, which included 10 growth-stage deals and 12 early-stage rounds.
Swiggy's valuation takes a huge 50 pc dip from its peak as stock plunges
New Delhi, Feb 22: Swiggy, one of India's leading food-tech companies, is facing a sharp decline in its market valuation which has plunged nearly 50 per cent from its peak.
Wingify's expenses rise 33 pc in FY24, legal costs skyrocket nearly 500 pc
New Delhi, Feb 19: Bootstrapped software-as-a-service (SaaS) company Wingify saw a significant rise in its overall expenses in the financial year ending March 2024, as its total expenses during the period surged by 33.5 per cent to Rs 221.33 crore as compared to Rs 165.81 crore in the previous fiscal year (FY23).
Ola Electric sees dip in VAHAN registrations in Feb
New Delhi, Feb 19: Ola Electric Mobility Limited is expected to see a decline in VAHAN registrations for February and the company's sales remain steady, according to the company’s exchange filing on Wednesday.
Investors lose about Rs 40,000 crore as Ola Electric shares hit all-time low
Mumbai, Feb 18: As shares of Bhavish Aggarwal-led Ola Electric continue to slide, investors have been impacted heavily as approximately Rs 40,000 crore has been wiped out since the company stock's peak valuation.
EaseMyTrip's Q3 net profit tanks 26.3 pc to Rs 33.6 crore, revenue drops
Mumbai, Feb 15: Online travel service provider Easy Trip Planners Limited, which operates EaseMyTrip, reported a 26.3 per cent year-on-year (YoY) drop in net profit for the third quarter ended December 31, 2024 (Q3 FY25).
OYO reports Rs 166 crore profit in Q3, revenue jumps 31 pc
New Delhi, Feb 9: Travel tech unicorn OYO on Sunday reported a strong financial performance in the third quarter (Q3) of FY25, posting a profit after tax (PAT) of Rs 166 crore.
23 Indian startups raise over $138 million in funding this week
New Delhi, Feb 8: At least 23 Indian startups raised more than $138 million in funding this week, which included five growth-stage deals and 20 early-stage rounds.
Indian ConsumerTech market projected to reach $300 billion by 2027
Bengaluru, Feb 7: The Indian ConsumerTech market is projected to reach $300 billion by 2027, growing at a compound annual growth rate (CAGR) of 25 per cent, according to a report on Friday.
Indian start-ups will showcase their innovations in India Energy Week
New Delhi, February 6: Indian Start-ups will showcase their innovations to over 70,000 energy professionals from 120 countries in the India Energy Week (IEW) Scheduled to be held on February 11-14 at Yashobhoomi, Delhi.
OpenAI CEO discusses AI roadmap with Indian startup leaders
New Delhi, Feb 5: OpenAI CEO Sam Altman on Wednesday met leading Indian startup founders and investors in a closed-door session here, and discussed the ChatGPT maker's plans for the Indian market.
Women-led Indian startups making global mark: Union Minister
New Delhi, Feb 3: Women-led startups in India are making a global mark, and they hold the promise to realise the Viksit Bharat goal, said Jitendra Singh, Union Minister of State (Independent Charge) Science & Technology on Monday.
Indian startups raise $240.85 million this week, Bengaluru leads in funding deals
New Delhi, Feb 2: During the week, 30 Indian startups secured a total of $240.85 million in funding including five growth-stage investments and 20 early-stage rounds.
Budget 2025: Rs 10,000 crore Fund of Funds proposed for startups
New Delhi, February 1: In boost to Indian startups ecosystem, Finance Minister Nirmala Sitharaman today announced a new Fund of Funds worth Rs 10,000 crore.
Minister Jayant Chaudhary honors 100 entrepreneurs; highlights global demand for skilled workforce
New Delhi, January 27: On the occasion of the 76th Republic Day, Union Minister Jayant Chaudhary celebrated the achievements of 100 distinguished entrepreneurs from across India from the skill ecosystem at a special event hosted at Kaushal Bhawan.
30 Indian startups raised $250 million in funding last week
New Delhi, Jan 26: At least 30 startups raised $248.87 million in funding last week as the Indian startup ecosystem continues to shine due to strong fundamentals of the economy.
DPIIT partners with Apna to boost startup talent and create job opportunities for youth
New Delhi, January 22: Department for Promotion of Industry and Internal Trade (DPIIT) and Apna, India's leading jobs and professional networking platform, have entered into an alliance for talent hunt, the Ministry of Commerce & Industry said in a release on Tuesday.
Paytm achieves Rs1,828 crore revenue in Q3 FY25 with 10 pc QoQ growth
New Delhi, January 20: Paytm's operating revenue surged to Rs1,828 crore for Q3 FY25, marking an impressive 10 per cent quarter-on-quarter (QoQ) growth.
Startup Policy Forum launches 'Startup Baithak' and 'Startup Baatcheet' to celebrate National Startup Day 2025
New Delhi, January 14: Startup Policy Forum (SPF), with the support of the Department for Promotion of Industry and Internal Trade (DPIIT) and Startup India, are launching flagship initiatives- Startup Baithak and Startup Baatcheet, to commemorate National Startup Day 2025.