Accel, the early-stage venture capital major, is planning to make investments in as many as 25 Indian startups this year, and may launch an India-focused fund in the next couple of years, an executive at the firm said. The firm had made 17 investments in 2023 and 51 in 2022, according to data… Continue reading Venture capital major Accel aims to invest in 25 Indian startups: Prashanth | Start Ups
Tag: startups
Tech boom? India to see 40 startups launch IPOs in the next two years
Around 40 new-age firms could go public or be ready for an initial public offering ( IPO) by fiscal year 2025 as the ecosystem has turned its focus on profitability, according to a report by consulting firm Redseer. SaaS, B2C Product Companies, and FinTech are amongst the most promising categories to produce IPO-ready… Continue reading Tech boom? India to see 40 startups launch IPOs in the next two years
Govt recognises 98,119 entities as startups as on Apr 30: MoS Comm in LS
The government has recognised as many as 98,119 entities as startups as on April 30 this year, Parliament was informed on Wednesday. These startups are eligible for availing incentives, including tax benefits under the Startup India scheme. Schemes like Fund of Funds for Startups, Startup India Seed Fund Scheme and Credit Guarantee… Continue reading Govt recognises 98,119 entities as startups as on Apr 30: MoS Comm in LS
70% of startups say tech adoption propels hypergrowth: SAP-Zinnov Study
SAP India see triple digit growth in CY23: President and MD Kulmeet Bawa Germany’s SAP sees ‘phenomenal growth’ in India, will increase hiring About 40% of SAP’s R&D innovations come from India: India COO Rahul Baheti Profitable Indian unicorns to grow from 30 in FY22 to 55 in FY27: Report VC investment in Indian startups… Continue reading 70% of startups say tech adoption propels hypergrowth: SAP-Zinnov Study
Blackstone Alum Doubles Down on Drone Startups After 600% IdeaForge Return
By Baiju Kalesh The largest single investor in IdeaForge Technology Ltd. is doubling down on India’s drone-making sector after an early bet on the Mumbai-listed company generated a return of almost 600%. Florintree Advisers Pvt. this month bought a 15% stake in BotLab Dynamics, an Indian drone maker that specializes in light… Continue reading Blackstone Alum Doubles Down on Drone Startups After 600% IdeaForge Return
AWS, Accel announce ML Elevate 2023 to support generative AI startups
Cloud service provider Amazon Web Services (AWS) and venture capital firm Accel have announced ML Elevate 2023, a six-week accelerator programme aimed to empower startups building generative artificial intelligence (AI) applications. Generative AI applications have captivated developers and enthusiasts alike with their ability to comprehend and generate realistic conversations, stories, images, videos, and… Continue reading AWS, Accel announce ML Elevate 2023 to support generative AI startups