PRASHANTH PRAKASH ACCEL HURUN LIST
IVCA’s VC Council for 2024–26 to focus on boosting micro-VCs
The IVCA VC Council, led by industry experts, aims to elevate the Indian start-up ecosystem by fostering innovation, supporting micro-VCs.
Homebound startups restructure; offline push by D2C brands
Happy Wednesday! Homegrown startups are stepping on the pedal for their move back home. This and more in today's ETtech Morning Dispatch.
Offline stores are trending as new set of D2C firms emerge
Investors and startup founders are noticing a trend: D2C businesses across various sectors, like fashion, electronics, and food and beverage, are opening physical stores (going offline) even after their initial funding round.
NCLT reserves order on Byju’s rights issue; Meity tweaks IT rules
Byju’s and a group of its investors have been given three days by the National Company Law Tribunal to file written submissions on a plea about the edtech firm’s rights issue. This and more in today’s ETtech Morning Dispatch.
India Inc should support startups: Zomato CEO; Capillary’s funding
Zomato CEO Deepinder Goyal said established businesses in India should nurture startups, but without the intention of owning them. This and more in today’s ETtech Top 5.
Not just businesspersons, professional CXOs are also joining the road to philanthropy
The Edelgive Hurun India Philanthropy List 2023 released recently showed that AM Naik, Chairman Emeritus L&T, was one of India’s most generous professional managers. He has donated over Rs 150 crore.
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HCLTech founder Shiv Nadar tops Hurun Philanthropy List 2023; donates over Rs 2,000 crore in FY23
Wipro founding chairman Azim Premji (78) and family came second with a donation of Rs 1,774 crore and the third spot was retained by Reliance Industries chairman Mukesh Ambani and family with a donation of Rs 376 crore.
Fintechs wary of RBI’s new cross-border payments rules; telcos take on Big Tech over biz messaging
The Reserve Bank of India’s (RBI) new rules on cross-border payments will bring fintech players operating in this space under the regulator’s direct supervision. More details on this in today’s ETtech Morning Dispatch.
Giving away Rs 5.6 cr a day, Shiv Nadar top donor in 2023 philanthropy rankings; total contributions surge 56%
Shiv Nadar, founder of HCL Tech, remains India's top philanthropist, donating Rs 2,042 crore in 2023. Azim Premji of Wipro follows with Rs 1,774 crore. Indian philanthropy surges, with 119 donors contributing Rs 8,445 crore, showing a 60% increase from last year. Education, art, culture, heritage, and healthcare were the preferred causes.
Digital lending at an inflection point, and other top tech, startup stories this week
The digital lending sector in India is experiencing an inflection point after years of challenges. Industry-level NPAs are decreasing, credit demand is increasing, and investors are showing interest in the sector again. Fintechs have dominated the unsecured lending space, with the market share of fintech lenders in the personal loans sector increasing from 13% in 2018 to 47% in 2023.
Zepto CEO's big sales target; sustainable ventures in focus for public markets at ET Startup Awards 2023
India's newest unicorn Zepto has set its sights on an ambitious sales target, CEO Aadit Palicha said during The Economic Times Startup Awards 2023 (ETSA).
ETSA panel discussion: Focus needed on building new ventures sustainably for public markets
Prashanth Prakash, partner at Accel India, said India’s public markets are one of the best things that the country has to offer to the new economy space, but the ecosystem “lost sight of what it is to practically build a company for the public market”.
The Economic Times Startup Awards 2023 Special
The Economic Times Startup Awards ceremony took place in Bengaluru, where the focus shifted to profitability and sustainable growth for Indian startups. The event featured panel discussions and speeches by Union Minister Piyush Goyal and Minister of State for IT Rajeev Chandrasekhar.
ET Startup Awards 2023 | Indian startups go back to the basics in a changed world
A high-powered panel, with some of the top names from India’s tech brigade, discussed the new order and how they were laying the foundation for sustainable revenue and profitability. The panel also touched upon how the focus for startups continues to be public markets.
ET Startup Awards 2023: Profitability ‘biz’word for Indian startups now
With union minister for commerce and industry Piyush Goyal and minister of state for electronics and information technology Rajeev Chandrasekhar as the guests of honour, ET feted eight startup champions at a gala ceremony in Bengaluru on Saturday.
Winners of The ET Startup Awards 2023 to be feted today, and other top tech, startup stories this week
The Economic Times Startup Awards, honoring Indian entrepreneurs, will take place in Bengaluru. The winners across eight categories were announced, including OfBusiness as Startup of the Year and Jishnu Bhattacharjee of Nexus Venture Partners as Midas Touch winner. The event will also feature a panel discussion on sustainable businesses.
All roads lead to ET Startup Awards 2023; Big 4 firms face data protection challenge
Top entrepreneurs, policymakers and investors will come together to celebrate the best of Indian entrepreneurship at The Economic Times Startup Awards in Bengaluru tomorrow. This and more in today’s ETtech Top 5.
ETSA panel to discuss new order for Startup Inc; a QR code for your kid on social media?
At the Economic Times Startup Awards ceremony in Bengaluru on October 7, a high-powered panel comprising startup founders, CEOs and investors will discuss the way forward for the Indian startup and technology economy as it looks to come out of what has been one of its worst downturns. This and more in today’s ETtech Morning Dispatch.
Top honchos to discuss blueprint for sustainable business on ETSA night
The elite panel will assess the importance of building profitable and sustainable businesses in an environment where the 'growth at all costs' strategy has taken a backseat.
Bengaluru to house tech & innovation museum
The museum will come up at the NGEF site at Baiyappanahalli and blend with the upcoming tree park, Karnataka Chief Minister Basavaraj Bommai said.
ET Startup Awards Special
Flipkart group CEO Kalyan Krishnamurthy said the ET Startup Awards celebrated the spirit of entrepreneurship, renewed energy and enthusiasm. Shashank Kumar, cofounder of Razorpay, said the awards "provided a great opportunity to meet and connect with startup founders in person after a very long time".
PM Modi meets global investors, seeks suggestions on making India more attractive investment destination
The meeting illustrates how the Prime Minister is interacting personally with industry leaders to gather inputs ahead of the next Budget, they added.
Prime Minister Narendra Modi meets investors for Budget inputs
In a statement after the meeting, the government said the interaction was part of Modi's constant endeavour to boost the investment climate in the country. He enumerated the key initiatives taken in the past seven years by his government and received inputs ahead of the next budget in the personal interaction.
Startup founders, VCs write to PM Modi on direct overseas listing of Indian companies
Allowing direct overseas listing of Indian companies would be the “single most significant, big-bang reform” that would put them on the global map, heads of 22 startups and venture capital firms say in a letter to PM Narendra Modi.
Startup founders write to PM Modi
The who’s-who of India’s startup ecosystem, including founders and investors, have urged the government to allow Indian companies to directly list overseas.
How Indian startups gear up to take on the voice assistants of Apple, Amazon and Google
From asking Siri existential questions, to ordering Alexa to give us the weather report, India’s gadget aficionados have come a long way in using voice assistants.
ET Startup Awards: Jury set to pick the best of startup Inc
They will pick the best from a shortlist of five contenders across eight categories in this third edition of The Economic Times Startup Awards.
ET Awards 2014: Facilitating better broadband connectivity will help bring investments, say internet entrepreneurs
"I believe that India should be able to do much better than what we are doing today… Broadband spectrum is not enough to cater to the growth or needs of the country," said Sachin Bansal, co-founder, Flipkart.
Online services prove to be big business for portals like MakeMyTrip, Quikr, Zomato
Such online ventures face fewer operational challenges as they carry no inventory and function as links between service providers and consumers.
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