Tech Startup

The IT minister, Rajeev Chandrasekhar, clarified that the advisory pertains to major platforms rather than startups. He stressed the significance of obtaining user consent and underscored Google Gemini’s infringement of IT laws. Seeking approval and appropriately labeling AI content serves as a safeguard for tech firms against legal issues, ensuring the safety and trustworthiness of India’s internet. Recently, the government …

The Ministry of Electronics and Information Technology (MeitY) has forged a partnership with Microsoft and iCreate to introduce the iMPEL-AI program, to energize Indian artificial intelligence (AI) startup landscape. This strategic collaboration is poised to revolutionize how AI innovations are fostered in India, paving the way for solutions that address both local and global needs. Minister of State for Electronics …

Indic Wisdom, a startup focused on agricultural produce, has raised INR 4 crores in a Pre-Series A round with Inflection Point Ventures leading the investment. Other participants include Mahendra Sankhe, Launch Capital, Bifco Finance, and several high-net-worth individuals. The capital infusion aims to bolster the brand’s visibility, expand its distribution network, and enhance production capacity to strengthen its market presence …

Flipkart, a Walmart-backed e-commerce company in India, is reportedly in talks to acquire the on-demand delivery platform Dunzo, which is supported by Reliance Industries, according to a report by TechCrunch. However, discussions have faced challenges due to complexities related to Dunzo’s ownership structure, hindering progress toward a deal. Reliance Industries, having acquired a 26% stake in Dunzo in 2022, has …

Tata Steel recently hosted the inaugural edition of ‘Ignitia,’ a startup night event, to commemorate the accomplishments of its renowned startup engagement initiative, ‘Innoventure.’ This event, held in Jamshedpur on February 16, witnessed the participation of over 300 individuals, including founders from more than 20 startups and senior leadership from Tata Steel. During the event, Tata Steel recognized exceptional projects …

In the era of online dating, QuackQuack, India’s most popular dating app, celebrates a significant achievement, surpassing 30 million users. This milestone highlights the app’s commitment to fostering genuine connections, offering updated features, and prioritizing user satisfaction. Founder and CEO Ravi Mittal expressed gratitude for the overwhelming support and outlined the app’s recent growth, including increased downloads, a rise in …

Byju Raveendran, the CEO, and founder of Byju’s, a prominent edtech company, along with approximately 51 investors, are collectively held accountable for the downturn of the company, as indicated by serial entrepreneur and investor Ronnie Screwvala. Screwvala criticized the investors for prioritizing inquiries about secondary investments over fundamental issues like the absence of a CFO during board meetings. He emphasized …

In a dynamic IT landscape where technological evolution is non-negotiable, staying competitive demands strategic investments. Amit Singh, Content Head, itVARnews in an insightful conversation with Ratnakar Kanchan, Managing Director of Lauren Information Technologies, explores the imperative role of AI/ML and digital engineering and how these investments, meticulously aligned with business objectives, stand as the bedrock of sustained competitiveness in the …

Startup Odisha organized the STARTUP UTSAVV 2024 event, spearheaded by the MSME Department of the Government of Odisha. This initiative, dedicated to fostering innovation and entrepreneurship, united key players such as industry leaders, government officials, startups, incubators, academic institutions, mentors, and various stakeholders. The event featured distinguished attendees, including Pratap Keshari Deb, Minister of Industry, Energy, and MSME; Subroto Bagchi, …

Binny Bansal, co-founder of Flipkart, has officially resigned from the board of the company, marking the conclusion of his association with the internet firm he co-established with Sachin Bansal in 2007. Flipkart, initially an online bookstore, evolved into a major e-commerce player, attracting global investors and ultimately being acquired by Walmart in 2018. Binny Bansal, expressing confidence in Flipkart’s robust …