128 INDIAN STARTUPS
Ather Energy plans to build third plant in Maharashtra's Aurangabad: Report
Ather Energy reportedly planning to invest about Rs 1,000 crore in the plant. Spanning across 100 acres in phases, the plant will be situated in Bidkin town within Aurangabad. Ather's existing assembly and battery plants are currently located in Hosur, Tamil Nadu.
Awfis sets Rs 364-383 price band for IPO
The company expects its differentiated business model, expanding presence in tier-1 and tier-2 cities and increasing demand from large enterprises and startups to help make its public listing a success and drive future growth, founder and managing director Amit Ramani told ET on the sidelines of a pre-IPO conference in Mumbai.
Govt looks for a fix in Google vs Indian apps; NPCI eyes evenly-sliced UPI pie
As Google and Indian internet firms face off on billing, the government is seeking a return to the status quo and a “long-term solution”. This and more in today’s ETtech Morning Dispatch.
Indian companies represent over 30% of Dubai’s startup community, space for more: Mohammad Ali Rashed Lootah, Dubai Chambers
“We would like to see more Indian firms take full advantage of the emirate’s strategic position as a leading global trading and logistics hub,” says Mohammad Ali Rashed Lootah, President and CEO of Dubai Chamber of Commerce & Industry.
Net Neutrality battle a 'hard fought' one; important factor behind vibrant startup ecosystem: MoS IT Rajeev Chandrasekhar
Chandrasekhar added that India was one of the first countries to ensure net neutrality and push back against telecom companies seeking to be ‘gatekeepers of the internet’.
Startups bat for net-neutrality, 128 founders write to TRAI
In February 2016, Trai issued the Prohibition of Discriminatory Tariffs for Data Services Regulations restricting the discriminatory prices charged from consumers based on the content. This regulation saw the support of several startups, who asked for the regulator's support for Net Neutrality.
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IIMA PGPX Class of 2023 receive Rs 33 LPA and Rs 36 LPA median and mean domestic offers
A total of 130 students sought placements through the institute and a total of 128 offers were accepted while 10 students did not seek placement through the institute. IIMA shared its final audited placement report, aligned with the ‘Indian Placement Reporting Standards (IPRS) and audited by an external agency.
Rocket for the taking: The govt offer will put private firms into higher orbit
India's private space industry is set for a boost with the transfer of technology of the Small Satellite Launch Vehicle (SSLV) from the Indian Space Research Organisation (ISRO) to private players. ISRO has flown the SSLV twice, with the second mission in February being a success, and is capable of carrying a payload of up to 500kg in a low-Earth orbit.
ETtech Deals Digest: Startups raise $103 million this week as funding drought persists
Startups raised just $103 million across 17 rounds in the last seven days. The funding raised by these companies plunged 85% year-on-year, from the $688 million raised across 45 rounds last year.
Why India's promising biotech industry needs more attention
India's biotechnology industry has a promising future ahead, however, it is still lacking the interest of investors.
Infosys misses FY23 guidance, issues grim forecast for current fiscal; DPIIT and Finmin discuss startups’ concerns
India’s second-largest IT services company Infosys reported over 15% growth in revenue in constant currency terms, while its year-on-year profit grew 8% to Rs 6,128 crore. The Bengaluru-headquartered firm announced a dividend of Rs 17.5/share.
A number of healthtech startups claim they can reverse Type 2 diabetes. But caveats apply, caution doctors
Like LiveAltlife, which had a soft-launch in 2022 and will officially launch next month, a clutch of healthtech startups have launched programmes they claim will reverse Type 2 diabetes. However, while multiple studies over the last decade have shown that blood glucose levels can be brought down to normal levels through diet and without medication, endocrinologists express reservations about some of the approaches and the terminology used.
1.28 lakh companies struck off from records for non-compliance: Govt
To put in place safeguard measures with respect to transactions with such struck off companies, govt had amended a schedule of the Act in March 2021. With the amendment, companies having relationship with struck off companies will have to make certain disclosures.
PLI scheme, tax incentives, allocation for defence, space industry's wishlist for the Union Budget 2023
"In the 2023-24 Union Budget, we would like to request a space-based production linked incentive (PLI) scheme for space tech startups to help boost local manufacturing and encourage capability building within the country," Awais Ahmed, the co-founder and chief executive officer of Pixxel, a space startup based in Bengaluru, told PTI.
Google denied relief on second CCI order; most TCS employees get 100% variable pay in Q3
Last week, the National Company Law Appellate Tribunal (NCLAT) declined to set aside an order and Rs 1,337 crore fine by India’s competition watchdog against Google for alleged anti-competitive practices with respect to Android, prompting the tech giant to petition the Supreme Court. Now, the NCLAT has refused to stay a second order and Rs 936 crore fine against the company over its Play Store policies. Meanwhile, the Supreme Court has agreed to hear Google’s plea in the Android case on January 16.
Tesla’s former India policy chief to join e-scooter startup Ather Energy
Manuj Khurana, who quit his post as Tesla’s local head of policy and business development in June, will start next week at the firm based in the southern technology hub of Bangalore, a person with knowledge of the matter told Bloomberg News. Khurana will join as a vice president, though his specific role there is unclear, the person said, declining to be named as the matter is not public.
ETtech Deals Digest: Indian startups pickup funding in festival season investment spree, despite a two-year low
Indian startups saw a slight uptick in funding with edtech unicorn Byju's leading the front
Do you know Indian space economy will be worth USD 12.8 billion by 2025, says report
India's space industry is predicted to be worth approximately USD 13 billion by 2025, with the satellite launch services segment expected to develop at the highest rate due to rising private engagement, says a report released on Monday.
Indian startups raise over $995 million VC funding in August
Aurojyoti Bose, Lead Analyst at GlobalData, said: "Although the total VC funding amount still remains below USD 1 billion akin to July, August managed to reverse the decline in fundraising, despite a 2.3 per cent fall in deal volume."
Funding for Asia-Pacific fintech firms hits three-year high in Q1 2022
Indian companies led with way, accounting for 42% of the total amount raised and 36% of all deals
Ather bags $128M amid EV gloom; SoftBank to slash investments, says Masayoshi Son
Electric scooter maker Ather Energy said it has raised $128 million in funding even as its rivals struggle to contain the fallout from a spate of recent EV fires and battery explosions.
Google bets a billion on Bharti Airtel; Zomato backs two more startups
Google will make an equity investment of $700 million in Bharti Airtel at Rs 734 a share. The $300 million go towards scaling Airtel’s offerings via affordability programmes.
ETtech Deals Digest: Bharti Airtel, Swiggy, Moglix raise funds
Telecom major Airtel, food delivery platform Swiggy and Ola Electric were among the startups/companies that raised funding this week.
YouTube hack hits Indian crypto firms; Budget wish lists for crypto, fintech
The YouTube accounts of various Indian crypto companies including CoinDCX, CoinSwitch Kuber, WazirX and Unocoin were among those compromised in a worldwide hack on Monday morning.
Gaming startup Rooter raises $25 million from Lightbox, others
Rooter, a game streaming and e-sports platform, has raised $25 million (Rs 185 crore) in a Series A funding round led by Lightbox, March Gaming and Duane Park Ventures.
Indian unicorns go hire and higher; Paytm sets IPO date
India’s startup unicorns have a problem, but it’s a good problem to have. Flush with funds in a year of unprecedented investments, and chasing the next level of growth, many of them are in a mad rush to hire the best talent available.
From SaaS to Reliance effect, here are eight trends that are reshaping pandemic-hit startup world
The pandemic has reshaped the startup landscape. Stress took its toll but SaaS sector grasped at new opportunities and biotech firms rose to the Covid-19 challenge. If the border standoff swung the pendulum away from Chinese investors, Reliance created a ripple effect. Here are eight trends in the Startup world.
Sports engagement startup Rooter finds its mojo in game streaming
The Indian platform pivoted to gameplay streaming during the lockdown and is now a leader in the segment.
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