Domestic startup funding falls 36% in H1 2023, lowest in four years: PwC
Growth- and late-stage funding deals accounted for 84% of the funding activity in H1 CY23 in value terms.
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The Start-up Boom
The Indian start-up ecosystem is now the third-largest in the world, thanks to the rise of digital technologies and growth in the number of young entrepreneurs.
Budget 2023: Hits and misses for startups
Adding to the growth of the fintech space, the budget has proposed to expand the scope of documents available in DigiLocker for individuals.
Budget 2023 bats for digital India, new age skills, AI power
The government has proposed to set up three centres of excellence for artificial intelligence (AI) in top educational institutions to enable 'make AI in India and make AI work for India.'
Commerce Minister bats for international network of mentors for startup ecosystem
He noted that the Startup20 Group had been established under India's G20 Presidency for the first time, as part of India's special focus on innovation.
India’s economic fortunes critical to the world: KM Birla
With India opening up trade and investment, forming new alliances and reaffirming old ones, Birla believes that the country will have a unique place in the global economy.
Amid edtech layoffs, upGrad to hire 1,400 employees
The development comes days after upGrad reported that its losses have widened threefold to ₹626.6 crore in the financial year ended March 2022, as against ₹211.1 crore in the same period last year.
The Rise of India’s Emerging Companies
Fortune India’s Next 500 event brought together companies which have shown growth in difficult times.
An arbitrage at play, public markets are cheaper than private markets today
Nikhil Kamath, co-founder at Zerodha and True Beacon, says that the startup funding ecosystem is going to be difficult, at least for the next couple of years.
Layoffs grip startups as funding dries up
We’re seeing a tempering of valuations across the board - as much as 30% compared with last year in some cases, says Vani Kola, managing director at Kalaari Capital.
