100UNICORNS
'Make in India' initiative can add to engines of global growth: PM Modi at SCO Summit
Modi said that India has contributed significantly to enhancing the economic agenda of the SCO grouping with institutionalised mechanisms such as the SCO Startup Forum and Special Working Group on Startup and Innovation.
D2C snack brand Let's Try secures funding from Wipro Consumer Care Ventures
Let's Try will use the funds to accelerate growth across both offline and online channels. The New Delhi-based company offers a wide range of snacks including baked, fried, and roasted namkeens. Let's Try claims to have a revenue run rate of over Rs 50 crore.
Mixed reality content platform Flam raises Rs 38 crore in funding
Mixed reality (MR) content publishing platform Flam will use the fresh capital to expand its MR platform footprint into new countries in North America, Europe and the Middle East and North Africa.
Is India suffering from an unemployment issue? PM Modi says the country is generating jobs
Prime Minister Narendra Modi defended his government's job creation efforts, citing a significant increase in taxpayers and EPFO subscribers, and growth in the startup sector. Modi emphasised his vision of a 'Viksit Bharat,' where every Indian can dream big. He highlighted achievements in manufacturing, research, and self-reliance. He pledges to focus on infrastructure and development if re-elected for a third term.
100Unicorns launches second fund, eyes $200-million target
The fund is looking to support more than 200 startups across sectors like SaaS, direct-to-consumer (D2C), fintech, electric vehicles (EV), energy, defence and healthcare. It aims to announce its first close by November, with a target amount of $100 million.
Startup Mahakumbh: Indian youth becoming job creators, says PM Modi
Speaking at the Startup Mahakumbh at Bharat Mandapam, Modi said from less than 100 startups in 2014, India now has 1.25 lakh registered startups.
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DBS Bank India announces $250 million lending support for start-ups, ‘new economy’ companies
The Indian start-up sector has seen significant expansion over the years with over 90,000 start-ups and more than 100 unicorns as of 2024.
Unicorns to add $1 trn to economy by 2030, generate 50 mn jobs: CII study
A report anticipates new unicorns contributing USD 1 trillion to India's economy by 2030, generating 50 million jobs. The startup ecosystem, led by over 100 unicorns, is expected to drive significant growth across various sectors, impacting GDP and employment positively.
BJP targets young voters with short videos highlighting govt initiatives
Among the campaign highlights are policies like 'Startup India' which has led to the country now having more than one lakh start-ups and over 100 unicorns; the National Education Policy that seeks to revamp educational landscape; and the establishment of 390 new universities, seven IIMs, seven IITs and 15 AIIMs over the past 10 years.
App delisting cannot be permitted: Minister Ashwini Vaishnaw on Google-Indian startups row
The government opposes Google's removal of Indian apps from the Play Store and emphasizes the importance of the startup ecosystem to the Indian economy. IT and Telecom Minister Ashwini Vaishnaw will meet with delisted app developers to resolve the dispute and protect their interests.
You are architect of developed India: PM Modi to youth
Women were earlier confined to cultural programmes but his government has opened up various sectors, including all the three services, to them and they are making a mark everywhere, he said, noting that the Republic Day parade this year was dedicated to them.
SoftBank sheds Paytm stake; NFT investors decry Rario shutdown
SVF Holdings (Cayman) Ltd, a SoftBank entity, sold 12.7 million equity shares of Paytm between December 19, 2023 and January 24, according to a stock exchange filing by SoftBank.
SoftBank fully exits Policybazaar parent, fetching $650 million in returns
SoftBank had invested close to $200 million in PB Fintech and sold its remaining stake in a mid-December transaction for about Rs 914 crore (or $109 million).
SoftBank took home $1.8-1.9 billion from four listed portfolio companies
Japanese investor SoftBank has sold stakes worth $1.8-1.9 billion during the public offerings and through post-listing sales in four Indian startups — Paytm, Zomato, PB Fintech and Delhivery — that went public in 2021 and 2022. It had invested a total of $2.3-2.4 billion in these four new-age companies.
ET Soonicorns Summit 2023: Experts from MEITY Startup Hub and TiE Delhi-NCR to unveil blueprints for Indian startup success and rise of future unicorns
At the ET Soonicorns Summit in Delhi on November 3, Jeet Vijay, CEO , MEITY Startup Hub and Geetika Dayal, Executive Director, TiE Delhi-NCR will deliver the keynote addresses on enabling Indian startups to become the engine for global economic growth and discuss the role of India’s deeptech startup opportunities in enabling the rise of future unicorns from sunrise sectors in India.
World is your oyster, make more unicorns: PM Modi to youth
Addressing students and alumni of the Scindia School in Gwalior on the 125th foundation day of the institution, the prime minister said when he took over in 2014 he could have drawn plans for the short term of a decade but chose to work for the growth of the country in the coming decades. Several issues which had been pending for four decades or more were resolved during his tenure.
G20 Summit: India ready to lead the new digital age
The upside here is immense. Forethought by our policymakers, the demographic dividend, and the ambition of our startups and private sectors have elevated the median at which India operates. At 7.8% in the first quarter of the financial year 2023, India is the fastest growing major economy in the world. At a global scale, India is to contribute 15% of the global growth in 2023, as per the International Monetary Fund (IMF)
India will become the growth engine for the world in the coming years: Modi at BRICS Biz Forum
Key takeaway from the Summit could be a possible meeting between Modi and the Chinese President ahead of the G20 Summit here.
PM Modi addresses BRICS Business Forum Leaders' Dialogue in Johannesburg
Prime Minister Narendra Modi shared that India boasts the world's third-largest startup ecosystem, boasting over 100 unicorns. He highlighted the nation's commitment to mission-driven reforms, which have notably enhanced the ease of doing business in India.
India to become growth engine for the world: PM
The Prime Minister highlighted the various reforms being undertaken by India to improve the ease of doing business, including technology-based solutions to address the social and economic challenges. Modi invited BRICS business leaders to participate in India's developmental journey.
On World Entrepreneurs Day, Harsh Mariwala & Vani Kola say start-ups can succeed with inclusive cultures and people-first approach
Every year, World Entrepreneurs Day is observed on August 21 to celebrate renowned entrepreneurs and business leaders, as well as share knowledge on how to run a business.
Over 17,000 Indian startup employees laid off in the first half of 2023 as funding winter refuses to thaw
Startups, which heavily rely on external investments to fuel their growth, have been forced to downsize due to a decline in investor funding. The lack of new investments flowing into the industry has become the biggest challenge for these startups, resulting in cost-cutting measures and cash conservation.
Union minister Jitendra Singh moots unique identity to monitor startups
The minister proposed that an exercise could be undertaken to assess whether the startups could be identified by a "Unique ID" for effective monitoring across all sectors. Singh said under Prime Minister Narendra Modi, the government was providing every kind of technical as well as financial support for ideas and innovations to grow and sustain.
Industry linkage imperative for sustaining startups: Union Minister Jitendra Singh
Singh said the best evidence of India's growth story is that the country has earned 174 million dollars by launching American satellites, which is only possible under Prime Minister Narendra Modi, who scrapped nearly 2,000 obsolete laws that were a hindrance in India's economic growth.
EU looks to 100 unicorns to boost green, digital goals
Startups will be picked in areas that contribute to Europe's green and digital transition such as sustainability (climate and energy), digital and health.
These 6 Indian startups are among world's top 100 unicorns
Data shows that while the number of unicorns globally increased to 1,204 in 2022 from 959 in 2021, the cumulative valuation of new unicorns decreased to $556.6 billion in 2022 to $1,159.8 billion in the previous year
India has 100 unicorns with a value at USD 250 billion, says Finance Minister Nirmala Sitharaman
"I am saying all these things because, even as you graduate from here, you all can become entrepreneurs and create jobs for others. It is not the world were entrepreneurship is worrisome or entrepreneurship has risks. It may have had the risks, (but) it is possible for you all to become entrepreneurs yourself," PTI quoted her as saying.
Govt launches schemes to support 300 startups for creating 100 unicorns
IT and Telecom Minister Ashwini Vaishnaw said that he has mentored over 20 startups earlier and understands the need of mentoring them during the most important part of their journey when their idea is getting converted into products.
How 100 unicorns are propelling India forward
Never before has India witnessed such a broad-based upsurge of massive new businesses unconnected with old wealth, political contacts or dirty deals with public sector banks. The unicorns have raised billions of dollars from global investors keen to invest not in venerable names but newcomers with ideas capable of dominating the 21st century.
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