Here’s your scoop of attention-grabbing headlines from around the Indian startup ecosystem.
THERE IS SOMETHING FOR EVERYONE
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.
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.
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.
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.
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 –
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.
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
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. ”
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.
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.
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
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.
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
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.
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.
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.