Startup Funding News - Latest Updates & Headlines
Ranchi and Hubballi entrepreneurs rise to success with Mudra Yojana support
New Delhi, April 8: Prime Minister Narendra Modi's ambitious 'Pradhan Mantri Mudra Yojana (PMMY)' has brought a significant change in the lives of small business owners, youth, and entrepreneurs across the country. Success stories emerging from various parts of India, including Ranchi (Jharkhand), and Hubballi (Karnataka), clearly highlight that this initiative is not only a strong step towards achieving an 'Atmanirbhar Bharat' (self-reliant India), but it has also provided thousands of people with employment opportunities and a dignified life.
Startup funding jumps 2.3 times to $357 million this week
New Delhi, April 6: India's startup ecosystem witnessed a strong funding rebound this week, with total investments soaring over 2.3 times to around $357.29 million across 30 deals, compared to $152.49 million raised by 23 startups last week.
Waste recycling startup Attero's net profit falls 31 pc in FY24
New Delhi, April 3: Electronic waste recycling startup Attero reported a 31 per cent decline in net profit in FY24 due to its rising expenses, according to the company's latest financials.
India 2nd globally in unicorn creation, combined wealth surpasses $220 billion
New Delhi, April 3: India added the second highest number of unicorns at six, as compared to top global tech startup ecosystems, in 2024 -- taking the combined valuation of current Indian unicorns to more than $220 billion, a report showed on Thursday.
Nikhil Kamath's Gruhas leads Rs 12.5 crore investment in LehLah
Mumbai, April 1: LehLah, a creator-led content commerce startup, has raised Rs 12.5 cr in its seed funding round, led by Gruhas, a company co-founded by Nikhil Kamath and Abhijeet Pai. This investment highlights the growing appeal and market presence of LehLah.
SME IPOs on the rise, 163 out of 242 public issues in FY2024-25 were of small firms: NSE data
New Delhi, March 31: Small and Medium Enterprises (SME) Initial public offerings (IPOs) have gained much traction in recent times. Many such small IPOs were subscribed in multiples of hundreds over the shares that were on offer.
Domestic startups secure more than $150 million this week
New Delhi, March 29: The domestic startup ecosystem secured more than $150 million this week, showcasing robust growth in the current financial year (FY25).
Startup India: 217 incubators selected with Rs 916.91 crore approved funding
New Delhi, March 25: In a boost to the domestic startup ecosystem, 217 incubators have been selected with a total approved funding of Rs 916.91 crore under the Startup India initiative (till January 31), the government informed on Tuesday.
Tech startups raise $2.5 bn in Jan-March, make India 3rd most funded globally
Bengaluru, March 24: Domestic tech startups raised $2.5 billion in the January-March period this year (Q1 2025) to date, marking a 13.64 per cent increase from the previous quarter and an 8.7 per cent rise from the same period last year -- making India the third most-funded country globally -- ahead of Malta and Germany and behind the US and the UK, a report showed on Monday.
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.
Entrepreneurs in Tamil Nadu's Karur thrive with support from PMMY
Karur, Tamil Nadu, March 18: In the heart of Tamil Nadu, entrepreneurs are crafting success stories from the ground up, thanks to the Pradhan Mantri Mudra Yojana (PMMY), with the ambitious government initiative, launched by Prime Minister Narendra Modi, aiming to fuel entrepreneurial spirit by offering financial support to small businesses across India.
'Fisheries Startup Grand Challenge 2.0' to support 10 startups with Rs 1 crore funding
Hyderabad, March 8: The 'Fisheries Startup Grand Challenge 2.0' will support 10 winning startups in manufacturing and related areas with Rs 1 crore in funding, it was announced here on Saturday.
Phi Commerce's losses triple in FY24 as expenses surge by 137 pc
Mumbai, March 7: Phi Commerce, a SaaS-based omnichannel payment solutions provider, saw its losses surge threefold in the fiscal year ending March 2024 (FY24) to Rs 28.9 crore as compared to Rs 9.4 crore in the previous fiscal year (FY23).
Over half of women entrepreneurs in India rely on personal savings to fund their businesses: Survey
New Delhi, March 7: More than half of India's small business owners that are females are using their personal savings to fuel their businesses, highlighting their financial independence and self-reliance, according to a recent survey conducted by NeoINSIGHTS.
Israeli hi-tech's Venture Capital fundraising down to lowest in decade: report
Jerusalem, March 3: Israeli hi-tech Venture Capital (VC) funds raised 1.15 billion US dollars in 2024, down by 40.1 per cent year-on-year and the lowest since 2015, according to an annual investors' report on Monday.
India sees significant surge in PE-VC investments for startups in Jan-Feb
New Delhi, March 3: The Growth-PE stage companies in India have witnessed private equity-venture capital (PE-VC) investments reaching nearly $1.1 billion in the first two months this year, according to a new report.
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.
India clocks 9.9 pc global share of VC deals for startups in January, pips China
New Delhi, Feb 27: In a remarkable feat, the venture capital (VC) funding landscape for startups in India surged by 69.7 per cent (year-on-year) to $883.2 million (by value) in January, according to a new report.
Startup booster: Wipro commits $200 mn to VC arm Wipro Ventures
Bengaluru, Feb 26: IT major Wipro on Wednesday announced to commit $200 million to its venture arm, Wipro Ventures, in its latest round of funding.
Govt committed to fostering business climate, enhancing Ease of Doing Business: Piyush Goyal
New Delhi, February 25: The Government is committed to creating a favourable investment climate, ensuring regulatory stability, and enhancing the Ease of Doing Business (EoDB) in India, Union Minister of Commerce and Industry Piyush Goyal said on Tuesday.
India leads global IPO activity in 2024, raises over $19 billion
New Delhi, Feb 23: India emerged as the global leader in initial public offerings (IPOs) activity in 2024, accounting for 23 per cent of all public issues worldwide, a new report said on Sunday.
Udaan's financial woes continue despite new fundraise, revenue stagnates
Bengaluru, Feb 18: B2B e-commerce platform Udaan is facing serious financial challenges despite securing fresh funds as the company's revenue remained almost flat in FY24.
Pristyn Care faces top level exits, cost-cutting amid cash flow woes
New Delhi, Feb 13: Health-tech unicorn Pristyn Care is facing a series of high-profile exits amid cost-cutting measures, as the company struggles with cash flow issues, mounting expenses and absence of fresh funding to sustain its business model.
Experts welcome Budget's vision for Education sector: AI-driven, inclusive and focused on skilling
New Delhi, February 2: Education experts are applauding the Union Budget 2025-26 for its visionary approach to transforming India's education and skilling ecosystem. The budget's focus on artificial intelligence (AI), emerging technologies, and expanding premier institutions like IITs and medical colleges is seen as a crucial step towards building a future-ready workforce.
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.
Budget 2025: Govt enhances MSME investment limits and introduces credit cards with a Rs 5 lac limit
New Delhi, February 1: In a major push to strengthen the Micro, Small, and Medium Enterprises (MSME) sector, the Union Finance Minister in budget 2025 announced an increase in investment and turnover limits for the classification of MSMEs.
IPO-bound seafood marketplace Captain Fresh posts Rs 229 crore loss in FY24
New Delhi, Jan 13: IPO-bound B2B seafood marketplace Captain Fresh suffered a massive loss of Rs 229 crore in FY24, over 340 per cent decline (or up 4.4 times) from Rs 52 crore in FY23.
IPO-bound seafood marketplace Captain Fresh posts Rs 229 crore loss in FY24
New Delhi, Jan 13: IPO-bound B2B seafood marketplace Captain Fresh suffered a massive loss of Rs 229 crore in FY24, over 340 per cent decline (or up 4.4 times) from Rs 52 crore in FY23.
Startup funding in India rises to USD 115 bn from USD 8 bn in 2016: DPIIT
New Delhi, January 10: The Department for Promotion of Industry and Internal Trade (DPIIT) released figures of Startup performance in India as a curtain raiser to celebrate National Startup Day on January 16.
Global VC firm Accel raises $650 million fund to empower next-gen Indian entrepreneurs
New Delhi, Jan 6: Global venture capital firm Accel on Monday said it has raised a $650 million early-stage fund, dedicated to supporting next-generation of founders in India and Southeast Asia (SEA).
Women-led startup funding in India increases to $930 million in 2024
New Delhi, Jan 5: The Indian startup ecosystem has seen major changes in the last few years and there has been an unprecedented rise in the participation of women entrepreneurs as the funding of female-led startups increased by over 90 per cent in 2024.
DPIIT forms alliance with Stride Ventures to boost India's startup ecosystem and drive global expansion
New Delhi, January 4: The Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with Stride Ventures, a venture debt firm, to catalyse the growth of Indian startups and widen their global footprint, the firm stated in a release.