COVID-19 aftermath: Funding divide among Indian startups makes survival difficult; while some bag millions, others struggle
Funding in Indian tech-led startups rose by 14 percent in the first quarter of 2020 as compared to the same period last year, yet only 16 percent startups and SMEs have cash to survive for more than three months, revealed a recent survey
Indian tech-led startups attract funding worth $2.5 billion in first quarter of 2020, up 14% on-year: Report
Indian tech-led startups attracted funding worth $2.5 billion in the first quarter of 2020, a 14 percent rise compared to the same period last year, a report by research and consulting firm HexGn said
CAWACH to provide support for start-ups to find innovative solutions against COVID-19: 5 startups that have already stepped it up
CAWACH stands for Centre for Augmenting WAR with COVID-19 Health. It has a Rs 56 crore kitty to back start-ups and out-of-the-box ideas to beat coronavirus.
Oyo Rooms accused of questionable practices, toxic culture and fraud by former employees, hotel partners
Oyo has also imposed extra fees on hotels and declined to pay the hotels the full amounts they claimed they were owed, according to interviews
Bill Gates has shown an interest in startups specialising in healthcare, sanitation, etc.
Oyo charges hotels a roughly 20 percent franchise fee on room revenues, but some Indian hotel operators say it ends up taking half or more of revenues
Indian startups raise $3.9 billion in first half of 2019; financing boom likely to pick up further in second half of the year
The funding came in as seed, or very early investments, to Series F deals in startups that are less than 10 years old
The first such space tech incubator will be set up in Agartala, followed by 5 others across India.
The fundraising values Flipkart at $11.6 billion, significantly lower than $15 billion value it commanded in 2015. However, it should act a confidence booster dose for fund-starved Indian startups.
We could not even recoup what we put in, necessitating very large capital requirement simply to sustain growth, Stayzilla founder Yogendra Vasupal said in a blog post
CoutLoot, an end-to-end fashion re-commerce platform, has been selected for Facebook's developer-focused "FbStart" programme, receiving access to $40,000 worth of credits and services from the social networking giant.
A dozen Chinese investors offered at a technology summit here on Sunday to jointly provide funding of about $50 million (Rs 334 crore) for Indian start-ups.
Google on Thursday asked for applications to attend the next session of its "Launchpad Accelerator programme" through which startups can utilise Google's mentorship and product access to scale business and capitalise on local markets
In yet another sad chapter in the Indian startup ecosystem, e-commerce site and consumer internet search platform AskMe has shut down and is in the process of laying off its 4000 odd staff
Kochi's Startup Village had launched its first digital incubator for students known as SV.CO, which has now partnered with Facebook to offer a broader exposure to students.
The company said Arora's resignation from the position of Representative Director and Director of SBG will become effective with the expiration of the term of office
Impressed with Indian innovations, Prince William said entrepreneurs have a major role to play as the country is home to a sixth of the world population
Google announced the launch of two new initiatives to further fuel its momentum in India in an aim to equip Indian enterprises and startups with Google Apps and cloud services.
NASSCOM, that has been studying the startup scene here, has released its second report titled 'Start-up India – Momentous Rise of the Indian Start-up Ecosystem” along with Zinnov.