Tech Startups News - Latest Updates & Headlines
Zomato's food delivery COO Rinshul Chandra resigns
New Delhi, April 6: Eternal Limited, the company formerly known as Zomato, has announced that Rinshul Chandra, the Chief Operating Officer (COO) of its food ordering and delivery business, has resigned.
StartUps fast emerging as lucrative avenue: Union Minister Jitendra Singh
New Delhi, April 5: Union Minister of State (Independent Charge) for Science and Technology; Earth Sciences and Minister of State for PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, a press release by Ministry Science and Technology said.
Goyal assures deeptech startups of big push from Rs 10,000 crore Fund
New Delhi, April 5: Commerce and Industry Minister Piyush Goyal announced on Saturday that the government will provide a substantial outlay for deeptech startups from the Rs 10,000 crore Fund of Funds scheme.
Govt to create regional BIRAC centres to accelerate startups and biomanufacturing
New Delhi, March 28: The Union government on Friday announced the creation of regional BIRAC (Biotechnology Industry Research Assistance Council) Centers across India to accelerate startups and biomanufacturing.
BofA downgrades Zomato and Swiggy, cites slowing growth, high competition
Mumbai, March 26: Bank of America (BofA) has downgraded its ratings on Zomato and Swiggy, citing concerns over slowing growth in food delivery and rising competition in quick commerce.
Jitendra Singh, Bill Gates discuss biotech startups, health innovation in India
New Delhi, March 20: Union Minister of State (independent charge) for Science and Technology Jitendra Singh met with Microsoft co-founder and philanthropist Bill Gates to discuss collaborations on biotech startups and health innovations in India, Ministry of Science & Technology said on Thursday.
Karnataka Minister Priyank Kharge discusses collaboration in sports technology with Australian delegation
Bengaluru, March 19: Karnataka minister Priyank Kharge met with an Australian delegation, led by Michelle Wade, Victoria's Commissioner to South Asia (Australia), discussing the possibility of broader collaboration between the two southern states of India and Australia and the preparations for the upcoming Sports Innovation and Tech Summit 2025.
DoT announces launch of 5G Innovation Hackathon 2025
New Delhi, March 17: The Department of Telecommunications (DoT) has announced the 5G Innovation Hackathon 2025, a six-month initiative aimed at accelerating the development of innovative 5G-powered solutions to address societal and industrial challenges.
Indian biotech startups grew from 50 in 2014 to 8,531 in 2023: Jitendra Singh
New Delhi, March 12: The number of biotech startups in the country has grown from 50 in 2014 to 8,531 in 2023, said Jitendra Singh, Minister of State (Independent Charge) for Ministry of Science and Technology on Wednesday.
Startup founders' salaries drop over 25 pc in India in FY24: Report
New Delhi, March 9: The salaries of startup founders in India saw a significant decline in the financial year 2023-24 (FY24) as the average salary of 54 founders from 30 Indian tech startups fell by 25.4 per cent to Rs 5.44 crore from Rs 7.3 crore in the previous year.
Cleantech startup Recykal's losses surge 31 pc, revenue drops over 4 pc
Mumbai, Feb 25: Recykal, a B2B waste management marketplace run by its Founder and CEO Abhay Deshpande, has reported a decline in revenue and a significant rise in losses in the financial year 2024 (FY24).
Zomato to be renamed 'Eternal'; platform unveils new logo, aims for lasting legacy beyond food delivery
New Delhi, February 6: Zomato Ltd on Thursday announced that its board has approved the change of name of the company to Eternal Ltd., marking a significant transformation in its corporate identity.
Union Budget 2025: IT and Electronics industry calls for focus on Make in India, AI R&D, and digital infrastructure
New Delhi, January 29: Information Technology (IT) and Electronics industry players, just ahead of the Union Budget 2025-26, have demanded incentives for Make in India initiatives, investments in semiconductor manufacturing, funding for artificial intelligence research and developments, tax relief for tech startups, infrastructure development, skill development programs, and support for digital infrastructure, among others.