Tech Startup

Zinnov and Nasscom recently published key insights into the Indian tech startup landscape in their report titled “Weathering The Challenges: The Indian Tech Start-up Landscape Report 2023.” India maintains its global standing as the third-largest tech startup ecosystem, witnessing the emergence of over 950 new ventures in 2023 and a cumulative total exceeding 31,000 over the past decade. During the …

Velocity has declared a Growth Capital Fund amounting to Rs 300 crore to support the advancement of B2B software-as-a-service (SaaS) firms in India. The indigenous fintech startup aims to offer a fixed-term credit product designed specifically for SaaS businesses, providing financing equivalent to three to six times their monthly recurring revenue. The capital injection is intended to empower selected companies …

In 2023, India continued to solidify its position as the third largest tech start-up ecosystem globally, with over 950 new tech start-ups founded during that year, contributing to a total of more than 31,000 tech start-ups in the last decade. The cumulative funding for these tech start-ups from 2019 to 2023 has exceeded USD 70 billion. Despite various challenges faced, …

According to Union Minister Dr Jitendra Singh, India’s space startups have received an investment of over Rs.1,000 crore in the last nine months of the current financial year from April to December 2023. This has been made possible due to the bold decision taken by Prime Minister Shri Narendra Modi to open up India’s space sector for private players. As …

In the rapidly evolving landscape of finance, fintech innovations have become the driving force behind transformative changes. To gain valuable insights into this fintech-driven transformation, we had the privilege of sitting down with Sunil Rongala, Senior Vice President, Strategy, Innovation, and Analytics, Worldline India. Sunil’s extensive experience and his current position at Worldline, offer a unique perspective on how fintech …

Fintech innovations have not merely disrupted but revolutionized the BFSI sector. These innovations have redefined how financial transactions are conducted, making them faster, more secure, and increasingly accessible. Devang Mundhra, Chief Technology Officer, KredX, offers an inside look into how this transformation is unfolding. From the game-changing impact of UPI and blockchain technology to the role of AI in personalizing …

Katonic AI has joined forces with Mindfields Global to make the power of Generative AI more accessible to organizations. Although Generative AI, inspired by OpenAI’s ChatGPT, offers immense potential, concerns over data security, accuracy, and privacy have deterred many companies. This innovative partnership seeks to address these challenges head-on by seamlessly integrating Generative AI models into organizational infrastructures, ensuring 100% …

Software Technology Parks of India (STPI) reached a significant milestone with the inauguration of the Apiary Center of Entrepreneurship (CoE), a state-of-the-art incubation facility, by the Ministry of Electronics & Information Technology (MeitY) Secretary, S. Krishnan. Apiary, a CoE under STPI, specializes in Blockchain Technology and is established through a collaboration between MeitY, STPI, the Government of Haryana, Padup Ventures, …

 The Income Tax Department has implemented fresh rules for valuing shares issued by unlisted start-ups to investors, expanding the scope of the so-called ‘angel tax’—a tax applied to capital received for the sale of startup shares above their fair market value. Previously, this tax was applicable only to local investors. However, the 2023-24 fiscal year budget extended its reach to …

Dhiway, a leading provider of enterprise Web 3.0 technologies, proudly announces a strategic partnership with Google Cloud to foster the development of population-scale applications leveraging CORD, a layer-one distributed ledger or blockchain network platform. This collaboration aims to enable developers and startups to create transformative solutions, harnessing the power of cryptography and open standards. CORD, a web 3.0 technology framework, …