STARTUP ENTREPRENEURS
Entrepreneur compares Bengaluru to San Francisco, says it's mega cheap except rental deposits
Indian-origin entrepreneur Hardeep Gambhir, who moved to Bengaluru after seven years in San Francisco, praises the city for its SF-like experience, startup ecosystem, and affordability, though he criticizes its high rental deposits.
Centre eyeing one startup in every district by next year
The government is optimistic about its plan to have at least one registered startup in all 785 districts of the country, industry department officials said. With only 20-25 districts remaining without a startup, the goal is expected to be achieved within a year.
Women-focused fintech startup Lxme raises $1.2 million from Kalaari Capital, others
Focused on women's finances, Lxme has secured $1.2 million in seed funding. Kalaari Capital led the round through its CXXO initiative, backing female-led businesses. The startup will capital for brand building and user acquisition across the country.
Why are India's richie rich choosing Dubai to migrate?
A report by Henley & Partners reveals that approximately 4,300 millionaires are expected to leave India this year, with many choosing the UAE as their destination. The UAE's appeal lies in its business opportunities, financial benefits, and high-quality lifestyle, attracting both wealthy individuals and professionals.
Mamaearth founder Ghazal Alagh on what wannabe entrepreneurs shouldn’t think about
Mamaearth co-founder Ghazal Alagh shared tips for aspiring entrepreneurs on Twitter, emphasizing long-term building over chasing money and the importance of embracing discomfort for growth.
Brands by scions attract VC money; Ola Electric layoffs
Happy Monday! A new wave of brands founded by second generation entrepreneurs is snagging venture capital. This and more in today’s packed edition of ETtech Morning Dispatch.
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Lesson for entrepreneurs: What are the common mistakes startup founders make and how to avoid them?
India has the third largest startup ecosystem in the world, with 1.17 lakh entities (DPIIT), nearly 1,710 venture capital funds, 794 accelerators and incubators (Tracxn), and several government initiatives like Startup India. Despite this fervour and support, financial and otherwise, the startup journey is extremely difficult.ET Wealth lists the typical mistakes most founders make and tell you how to tackle these
Vivek Bindra announces program for 100 selected startups to help them become IPO-ready
The number of startups in India has surged from 400 in 2016 to approximately 1.14 lakh. To promote startups Vivek Bindra has announced a program to aid startups in achieving IPO listings. With support spanning funding, technology, and marketing for 30 months, the initiative aims to propel 100 selected companies towards IPO readiness.
Indian entrepreneur shares key tips on how to get funding for your start up in silicon valley
Pritika Mehta, founder of Butternut AI, shares tailored guidance for immigrant entrepreneurs in San Francisco, advocating for cultural awareness and unconventional approaches. With 22 directives, her advice sparks engagement, drawing both praise and dissent. Mehta's insights offer valuable navigation tools in San Francisco's bustling startup scene, fostering dialogue and anticipation among entrepreneurs aiming to carve their niche in the dynamic landscape.
How startup founders can build the right MVP
Building an MVP allows you to test, iterate, and pivot your product based on actual user feedback with minimal resources.
Out of school, into startups: Young founders are on the rise, ready to even pause studies to chase their entrepreneurial dreams
In 2023, Ayush Pathak and Aryan Sharma founded Induced, assisting businesses in automating workflows with AI. Apoorv Singh launched Connect AI with Asta. Himanshu Rajpurohit's startup, Strangify, provides corporate mental health solutions. Dyumna Madan's ProjectClay helps students find career paths.
Meet India's brightest young minds: Forbes unveils '30 under 30' Asia list
Forbes recently unveiled its 9th edition of the "30 Under 30 Asia" list, showcasing young leaders and innovators under 30 across the Asia-Pacific region. Among the Indian talents are Pavithra Chari of Shadow and Light, known for musical prowess, and Arpan Kumar Chandel, aka King, a rapper. Kush Jain co-founded ORama AI, aiding the visually impaired in learning Braille. Kunal Aggarwal's Credflow offers cashflow management for SMEs, while Aalesh Avlani's Credit Wise Capital provides innovative motorcycle loans. These young Indians represent diverse fields and highlight exceptional talent and entrepreneurial spirit.
Murthy & Kris want next govt to ease way for entrepreneurs
Infosys founder NR Narayana Murthy said no country has solved the problem of its poverty without encouraging its entrepreneurs. Gopalakrishnan said the new government at the centre must push for more public and private spending on research.
Why Bengaluru is Nikhil Kamath's favourite city? Zerodha co-founder says Mumbai has 'good-looking people but...'
Billionaire entrepreneur Nikhil Kamath recently praised Bengaluru, India's startup capital, in a YouTube podcast. Despite acknowledging challenges like traffic, he highlighted Bengaluru's standout feature as its people, emphasizing their warmth and love for the city. Kamath also praised Bengaluru's talent pool, calling it unmatched globally for startups due to its access to skilled individuals at a reasonable cost.
How Amazon Smbhav Venture Fund is funding small businesses with a digital-first focus
The fund’s portfolio includes investments across industries like consumer brands, healthcare and financial services; it has invested in brands such as Acko, Cashify, Fitterfly, Axio and M1xchange.
SP Jain Institute launches Wise Innovation Studio for Emerging Technologies
SPJIMR's WISE Tech fosters societal advancement through wise innovation with initiatives like accelerators, Entrepreneurship Fellowship, and Wise Innovation Conclave. Manoj Mohan leads the executive team, supported by R. Ramanan and Haresh Chawla from True North.
Suits & Sayings: Neighbourhood Deal
ET’s weekly roundup of the wackiest whispers and murmurs in corporate corridors & policy parlours.
Phenomenal job by PM Modi in making India rise on world stage: Silicon Valley entrepreneur
"Objectively speaking, when you look at the sentiment in India or the sentiment globally about India, the only observation you have is that Mr Modi is doing a phenomenal job of making India rise again on the world stage," Sandeep Bhat, the co-founder of Devicethread, a startup aimed at revolutionising the hospitality industry by connecting digital and physical infrastructure, told PTI in an interview.
Drone-based agritech startup BharatRohan raises $2 million
BharatRohan, a startup, raised $2.3 million pre-IPO for developing advanced drones for crop monitoring. The fund will expand services nationwide, supporting 50,000 farmers across five states with hyperspectral sensors for precise agricultural insights.
A startup needs to find balance between growth and profitability: Sanchi Connect’s Sunil Shekhawat
Sanchi Connect wants to build relationships and connections among deep tech early-stage founders with the institutional funding ecosystem.
Transformative policy initiative
For startups spearheading indigenous EV solutions, this presents an invaluable opportunity to leverage global expertise and expedite technological advancements toward localised production under the Make in India initiative. Nevertheless, while the new EV policy marks a significant stride forward, challenges persist on the road ahead.
Voice of pod: Why entrepreneurs are turning into popular hosts of podcasts
A marketing expert, who has worked with a unicorn founder on their podcast, points to two factors behind this chat show zeal. “Capital is scarce. It goes to people with high visibility. Also, while it takes crores of rupees to pull off traditional advertising, podcasts are low-cost with a massive impact because they work as content,” he says, requesting anonymity.
Voice of pod: Inside India's entrepreneur-led podcast boom
Entrepreneurs are turning into popular hosts of podcasts, which double as personal branding exercise as well as indirect advertisement for their companies and their guests.
PM Modi urges startup founders to mentor youngsters, help academic institutions
Modi emphasizes youth & startups' role in India's economy, urging support for young entrepreneurs & academic institutions. He highlights the changing mindset about startups, the leadership of young entrepreneurs, and the importance of seizing AI opportunities and Indian solutions for global applications.
PM Narendra Modi to address entrepreneurs, investors at Startup Mahakumbh event tomorrow
During the second day of the three-day event, Groww cofounder and chief operating officer Harsh Jain said fintechs should collaborate with regulators, and work together to bring change, rather than bypassing or ignoring regulations.
India bright on radar of global players; am optimistic about future: Nykaa Founder Falguni Nayar
In an exclusive interview with PTI, Nykaa founder and CEO Falguni Nayar said the recent instances of corporate governance lapses in some well-known startups will lead to greater scrutiny by investors (in the ecosystem), and asserted that governance agenda has to be set out very early in an entrepreneurial journey.
8i Ventures launches seed funding initiative 'Origami' to back early-stage startups
Early-stage venture capital fund 8i Ventures has introduced Origami, a seed funding initiative offering investments of $250,000 to $2 million for startups. The program aims to streamline the investment process and has allocated $10 million to back eight to ten startups this year.
Indian entrepreneurs are among the best in the world: Naspers CEO
Phuti Mahanyele is the chief executive of Naspers South Africa, a global technology investment group, which has huge investments in India as well. He was speaking at an event for International Women's Day.
The rise of women in entrepreneurial roles in India
India's startup ecosystem, currently ranked as the third-largest globally, is witnessing an unprecedented boom, with women entrepreneurs playing a pivotal role in this surge.
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