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India enables collateral free funding to startups under CGSS Scheme
India has given green signal to CGSS Scheme for startups. Under the credit guarantee programme for startups Credit guarantees of up to INR 10 Cr would be offered in exchange for starting loans provided by lending institutions.The government intends...
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Startup Vance raises $5.8 Mn to empower its neo banking platform
Startup Vance has raised $5.8 million in a seed round led by Hummingbird Ventures.According to the startup's official announcement, it plans to use its seed investment to increase its 10-person team to 30 in the following six months. The...
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Euler Motors to fast track growth with $60 Mn Funding
Euler Motors raised $60 million in a Series C funding to augment its manufacturing and supply chain infrastructure, bolster product development, and acquire talent across key functions.The Delhi-headquartered company will also deploy the newly raised capital in widening its...
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India to add 25000 new towers for boosting Digital India Vision: IT Minister
India's Digital India Vision is poised for a big leap. The nation is readying to invest Rs 26,000 crore to install new 25,000 towers in next 500 days, to boost the penetration of IT and access to digital services...
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Three years from now, nearly 60 startups will be sustainably profitable: Sanjeev Bikhchandani
Sanjeev Bikhchandani, a notable investor, predicted that 40 to 60 venture capital (VC)-funded new-age digital businesses will be genuinely find success in the next three years.“Sitting with Ravi Mehta (of Steadview Capital) crystal ball gazing. We concluded that in three...
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Elev8 Ventures New $200 Million Deep Tech Startups Fund Launched
Elev8 ventures has launched a new $200 million sector-neutral fund to invest in deep tech, growth and late stage Indian Startups. The regulatory agency SEBI has granted the fund an AIF Cat II licence. There is also a green-shoe...
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India’s Fund of Funds for Startups drives growth of 720 Startups
India's Fund of Funds for Startups (FFS) scheme, which was introduced in 2016 as part of the Startup India initiative, has since committed INR 7,385 Cr to 88 alternative investment funds (AIFs). This was revealed by the government today.A Press Information...
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India rolls out Swachh Toycathon to promote toys from waste in a big way
The Government of India MoHUA department has launched ‘Swachh Toycathon', a unique competition to make toys from ‘Waste’ today. The competition which will be hosted on MyGov’sInnovate India portal, will be launched by Secretary, Housing and Urban Affairs in...
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India’s New Draft Telecom Bill, Minister Explains what you need to know
The OTT messaging apps' messages won't need to be decrypted because of the draught telecom bill. However, the law had a clause that allowed for their interception: Minister of IT while addressing the media and explain the draft bill...
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Startup Bhanzu to invest $15M to meet its growth math
Startup Bhanzu has secured $15 million to grow its operations internationally, improve its technological infrastructure to improve the educational experience for students, hire more people, and strengthen its curriculum by adding more engaging and goal-oriented content.Neelakantha Bhanu, Founder and...
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Indian Startup OrbitAID Sets New Satellite Servicing Benchmark
December 23, 2024: OrbitAID Aerospace, an innovative startup focused on satellite servicing, has successfully tested its groundbreaking Standard Interface...
