NEWSROOM

Here’s your scoop of attention-grabbing headlines from around the Indian startup ecosystem.

THERE IS SOMETHING FOR EVERYONE

India has shown world that despite Covid-19 crisis, show goes on here: Minister

Union Minister Jitendra Singh said India has shown to the world that despite the crippling coronavirus crisis, the show goes on here as smoothly as during the pre-pandemic times.

READ MORE

Govt’s e-commerce policy draft limits Amazon, Google, Facebook in boost to local startups
Govt’s e-commerce policy draft limits Amazon, Google, Facebook in boost to local startups

From seeking access to companies’ source codes and algorithms to setting up a regulator, the e-commerce policy imposes govt oversight on how companies handle data.

READ MORE

Agritech sector could attract over $500 mn in VC investment: report
Agritech sector could attract over $500 mn in VC investment: report

India”s agritech sector attracted about USD 245 million in investments from venture capital firms in 2019, the report titled ”India Agritech – Investment Trends” said.

READ MORE

Ernst & Young, PricewaterhouseCoopers, KPMG qualify tech round for startups
Ernst & Young, PricewaterhouseCoopers, KPMG qualify tech round for startups

The consultant will be the single node of access to line ministries for startups to pitch their ideas and as they trial-run disruptive technologies and implement pilots.

READ MORE

Zoom plans significant investment in India over the next five years; highlights Indian descent of its top executives

This is the first time Zoom is talking about the “great potential in the Indian business community,” and highlighting how three of its top executives are of Indian descent.

READ MORE

Draft e-commerce policy seeks tough data rules, fair competition through multiple players

The DPIIT has finalised its Draft E-commerce Policy and is set to make it public soon, and has plans to impose tougher rules around data, and seeks to ensure fair competition through multiple players.

READ MORE

Funding for 33% Indian startups put on hold, 12% cite shutdown: Survey

The finding was part of a survey jointly conducted by FICCI and Indian Angel Network

READ MORE

Atma Nirbhar Bharat App Innovation Challenge: PM Modi asks startups to build apps ecosystem
Atma Nirbhar Bharat App Innovation Challenge: PM Modi asks startups to build apps ecosystem

PM Modi launches app challenge: This App Innovation Challenge includes the promotion of existing apps as well as the development of new apps

READ MORE

Fearing lockdown, migrant families in Hyderabad head back home
Fearing lockdown, migrant families in Hyderabad head back home

Spike in Covid cases, speculations on another lockdown in the State capital force them to return

READ MORE

Facebook makes education push in India
Facebook makes education push in India

Facebook, which reaches more users than any other international firm in India, has identified a new area of opportunity to further spread its tentacles in the world’s second-largest internet market.

READ MORE

Sequoia and Lightspeed are launching new India centric investment funds

Sequoia and Lightspeed, two giants of the venture capital game, have announced new funds for the Indian market as they look to increase stakes in the country’s burgeoning startup market. The two companies have been investing heavily in the country for the better part of a decade now, and have amassed significant pull in its startup industry.

READ MORE

Unicorn India Ventures invests $6,50,000 in Blockchain startup ChitMonks

Investment done through Fund II announced by UIV

READ MORE

Startup-only sales outfit to go national on ‘phygital’ platform

Startup-only sales outfit to go national on ‘phygital’ platform

READ MORE

CEAI urges govt to allow registration of Indian Consulting Engineers Companies under MSME category
CEAI urges govt to allow registration of Indian Consulting Engineers Companies under MSME category

CEAI represents the Indian Engineering Consultancy professional at the FIDIC. Its membership comprises practicing consultants, private and public sector firms. It has 300 members.

READ MORE

India’s first COVID-19 vaccine ‘COVAXIN’ by Bharat Biotech gets DCGI approval for human trials

COVAXIN, India’s first vaccine candidate against novel coronavirus, developed by vaccine maker Bharat Biotech gets the approval of DCGI for Phase I and II clinical trials.

READ MORE

India Bans TikTok, Shareit, UC Browser and 56 Other Chinese Apps over National Security Concerns
India Bans TikTok, Shareit, UC Browser and 56 Other Chinese Apps over National Security Concerns

The Confederation of All India Traders (CAIT) said the ban will be come as a big support to its ‘Boycott Chinese Goods’ campaign.

READ MORE

Yogi’s efforts paying off? Microsoft to set up tech hub in Greater Noida

Informing about the company’s decision, Uttar Pradesh’s minister for investment, export promotion and MSMEs Siddharth Nath Singh, who had a virtual meeting with Kumar and his team, said that the company’s new campus will have a strength of 4,000 people.

READ MORE

Facebook co-founder Saverin’s B Capital just closed its second flagship fund with $822 million
Facebook co-founder Saverin’s B Capital just closed its second flagship fund with $822 million

It hasn’t taken long for B Capital to amass a lot of assets under management.

READ MORE

If you are an Indian Startup, Here’s a Good News from Accenture Ventures

Tech giants Accenture and Microsoft have come together to accelerate innovation in the startup ecosystem. The two companies would host the third edition of the Accenture Ventures Challenge for 2020. The Accenture Ventures Challenge is specifically targeting the startup ecosystem in India. The winners would be recognized based on their contributions in these four categories –

READ MORE

Collect plasma only after Covid-19 therapy established: Health Ministry
Collect plasma only after Covid-19 therapy established: Health Ministry

Amid a rush by state governments to set up plasma banks to treat Covid-19 patients, the union health ministry has issued guidelines asking blood banks to collect convalescent plasma only after the efficacy of the treatment is established.

READ MORE

H-1B ban beyond December could boost offshoring: Nasscom
H-1B ban beyond December could boost offshoring: Nasscom

Last Tuesday’s order by US President Donald Trump, suspending the H-1B and some other non-immigrant visas, could push companies to send more IT work to centres outside the US—in India and elsewhere—Nasscom, India’s IT industry lobby says

READ MORE

Oracle unveils second cloud data centre region in India
Oracle unveils second cloud data centre region in India

The opening is part of Oracle’s global plans to operate 36 second-generation Cloud regions by the end of 2020.

READ MORE

Coronavirus cases in India rise closer to 5.5 lakh, 12000 recoveries in 24 hours

The coronavirus recovery rate in India stands at 58.67%The death toll from covid-related fatalities rose to 16,475

READ MORE

MSMEs urged to adopt digital technology

They have scope to bring broader market and contribute to growth, says Jayesh Ranjan

READ MORE

Cyient launches IDEAthon for startups
Cyient launches IDEAthon for startups

The participants will have to share a creative idea using virtual reality technology to develop learning

READ MORE

NITI Aayog decides to work with key stakeholders on Online Dispute Resolution framework
NITI Aayog decides to work with key stakeholders on Online Dispute Resolution framework

On Saturday evening, speaking at a webinar organised by Indian Dispute Resolution Centre ( IDRC), Amitabh Kant, CEO NITI Aayog said “we are at the cusp of transformative change, and with alterations necessitated by the pandemic, technology will play a key role in widening equity and affordability. ”

READ MORE

Ed-tech startups witness massive jump in VC investments in H1 2020

Between 1 Jan and 26 June, there have been 272 deals raising $4.1 billion across sectors compared

READ MORE

Right interventions for regulatory farming
Right interventions for regulatory farming

Ever since K Chandrashekhar Rao took over as Chief Minister of Telangana, rural economy has been consistently and progressively getting strengthened day by day.

READ MORE

T-Hub and Startup Genome Launch the 2020 Global Startup Ecosystem Report (GSER)
T-Hub and Startup Genome Launch the 2020 Global Startup Ecosystem Report (GSER)

Telangana is among the Top 30 Global Ecosystems for Affordable Talent in 2020. Hyderabad is among the Top 100 Emerging Ecosystems Ranking in 2020 and Startup Genome evaluated about 300 ecosystems globally.

READ MORE

India’s Covid testing has doubled in June, but positivity rate still around 7-8%
India’s Covid testing has doubled in June, but positivity rate still around 7-8%

Experts say we do not know how much testing would be enough for Covid, so it’s tough to decide whether testing truly reflects the disease burden.

READ MORE

Aye Finance secures $27.7 mn in a growth round led by PE arm of Alphabet
Aye Finance secures $27.7 mn in a growth round led by PE arm of Alphabet

Gurugram based Aye Finance, a micro-enterprises lender, on Wednesday said it has raised $27.7 million in a growth stage funding round, dubbed as Series E, led by returning investor CapitalG, the private equity arm of Google parent Alphabet.

READ MORE

Grow your startup with mentors from Google, Facebook, Amazon. Here’s how
Grow your startup with mentors from Google, Facebook, Amazon. Here's how

Indiarath plans to have 200 startups on a rollover basis in its Summer 2020 cohort.

READ MORE

Kerala Startup Mission offers platform for products, services from startup ecosystem

Kerala Startup Mission offers platform for products, services from startup ecosystem

READ MORE

How Telangana Used Tech to Battle COVID-19: Interview with Jayesh Ranjan
How Telangana Used Tech to Battle COVID-19: Interview with Jayesh Ranjan

Digitalization helped the state of Telangana fight the COVID-19 challenges by bringing together the various available players.

READ MORE

Dell partners Nasscom to help SMEs, startups with business continuity

The partnership is aimed at helping the SME and startup ecosystem evolve digitally, while reducing their operational costs by leveraging the products and services from Dell Technologies at competitive prices

READ MORE

DPIIT working on curbing low-quality Chinese imports in the wake of border skirmishes

The proposed curbs came up for discussion in a meeting where top officials from multiple ministries huddled up at the Prime Minister’s Office on Saturday to discuss the Atmanirbhar Bharat initiative that seeks to boost self-reliance in Indian industry.

READ MORE

Startups soften pay cuts by expanding Esops pool
Startups soften pay cuts by expanding Esops pool

Companies may grant 12-15% of their overall stockholding to ESOPs to help staff hit by cuts, furloughs

READ MORE

With Surge In Cyber Attacks, Govt Warns Of Covid-19 Linked Phishing Scams

CERT-In said that hackers can steal important personal and financial data of citizens

READ MORE

Telangana IT exports register 17.93 per cent growth in 2019-20
Telangana IT exports register 17.93 per cent growth in 2019-20

While the National IT growth for the year 2019-20 stood 8.09%, Telangana registered a 19.93% growth. State’s share in IT exports of the nation also increased from 10.61 per cent in 2018-19 to 11.58 per cent during 2019-20

READ MORE

Glenmark launches Covid-19 drug in India after DCGI approval
Glenmark launches Covid-19 drug in India after DCGI approval

Glenmark launches Covid-19 drug in India after DCGI approval

READ MORE

FabAlley's parent company raises ₹20.75 cr funding

The pre-series C round involves a convertible note, which will be converted during the series C raise, a statement said

READ MORE

Fitch Ratings Revises India’s Outlook to Negative from Stable as Covid-19 Weakens Growth Prospects
Fitch Ratings Revises India's Outlook to Negative from Stable as Covid-19 Weakens Growth Prospects

The move comes after another rating agency Moody’s earlier this month downgraded India’s sovereign rating by a notch to lowest investment grade of ‘Baa2’ for the first time in 22 years.

READ MORE

[Exclusive] 49 Indian startups working on Covid-19 get ACT grants

ACT Grants, a coalition of India’s top investors and entrepreneurs formed earlier this year, has given grants to 49 startups working on products and services related to Covid19 since April.

READ MORE

Incentivise R&D investments, make credit cheaper for Atmanirbhar Bharat, say industry leaders
Incentivise R&D investments, make credit cheaper for Atmanirbhar Bharat, say industry leaders

Incentivising R&D, empowering startups and making credit cheaper will help India in its journey towards self-reliance and make it a telecom and technology hub, industry executives said on Wednesday.

READ MORE

Digital will get a lot of push in the days to come: J Ranjan

Hyderabad: Digital technology will transform the landscape of  school education, health care delivery, commerce, marketing and many more areas in such a way that impacts every area of your business observed Jayesh Ranjan, Principal Secretary, Government of Telangana.

READ MORE

Sona Comstar ties up with IIT Delhi to fund start-ups

IIT Delhi wants to engage with the industry to strengthen startup programs in academia to bring new technologies to market

READ MORE

Google to support Indian startups creating solutions for the new normal

Google on Wednesday expanded its programme for startups to support startups working on the solutions to solve real-life challenges towards the new normal post COVID-19 landscape in India.

READ MORE

Trai: Continue to advocate ease of doing business in telecom sector

In an interaction, the Telecom Regulatory Authority of India (Trai) chairman Ram Sewak Sharma discussed the watchdog’s priority areas, ease of doing business, local equipment manufacturing and demand for a discussion on floor pricing.

READ MORE

The pitfalls of ESOP lifelines at startups

Many startups have thrust ESOPs upon employees whose salaries have been cut. Why are they not excited?

READ MORE

Start-ups caught in Covid-19 web
Start-ups caught in Covid-19 web

India’s economy has been crippled by Covid-19 and the two-month-long lockdown to contain it

READ MORE