Startups: News
Google selects 20 AI start-ups for India accelerator program
Google has announced the selection of 20 artificial intelligence (AI) start-ups for its India Accelerator program. The move marks the 10th year of the initiative in India.
India's largest private satellite loses contact after solar storm
Mission Drishti, the world's first OptoSAR satellite and India's largest privately developed Earth observation satellite, has lost contact with its Bengaluru-based space start-up GalaxEye.
Bengaluru start-up clears key milestone for 2028 air taxi launch
Sarla Aviation, an air taxi start-up backed by Accel and Zerodha co-founder Nikhil Kamath, has successfully completed the flight test campaign of its electric aircraft Sylla.
Dunzo co-founder's new AI start-up automates your household tasks
Kabeer Biswas, the co-founder of Dunzo, has launched a new artificial intelligence (AI) start-up called M. The company aims to automate household tasks, starting with the kitchen.
Om Malik, a legendary tech journalist, passes away at 59
Om Malik, the founder of technology-focused analyst firm and media company Gigaom, has died at the age of 59. He breathed his last on June 24 at Stanford Hospital.
IIT Roorkee sets up ₹1,000cr fund for deep-tech start-ups
The Indian Institute of Technology (IIT) Roorkee has announced a ₹1,000 crore Super Endowment Fund in partnership with IvyCap Ventures and NuQuant.
This Nandan Nilekani-backed ₹2,500cr fund will support early growth-stage start-ups
Fundamentum Partnership, a venture capital firm co-founded by Infosys co-founder Nandan Nilekani and former Helion Venture Partners executive Sanjeev Aggarwal, is planning to launch its third fund.
Craigslist founder gives away $500M, slams billionaires leaving donation pledge
Craig Newmark, the multi-millionaire founder of online classifieds platform Craigslist, has given away about $500 million to charity since starting the company 30 years ago.
Sarvam AI turns unicorn after raising $234M at $1.5B
Bengaluru-based artificial intelligence (AI) start-up Sarvam AI has become the latest entrant in India's unicorn club.
AI start-up Mistral wants to raise $3.5B at $23.15B valuation
French artificial intelligence (AI) start-up Mistral is said to be in early-stage talks to raise around €3 billion ($3.5 billion).
This Ambani-backed start-up seeks $100M to make humanoid robots
Addverb Technologies, an Indian start-up backed by billionaire Mukesh Ambani's Reliance Industries, is looking to raise over $100 million.
Ixigo to acquire majority stake in hotel booking start-up Brevistay
Le Travenues Technology, the parent company of online travel platform Ixigo, has approved the acquisition of a 54.66% stake in hotel booking start-up Brevistay Hospitality for ₹65.69 crore.
Delhi start-up seeks pay cuts from staff after ₹2cr error
A Delhi-based tech company has come under fire for asking its employees to bear the brunt of a ₹2 crore loss caused by a single employee's mistake.
This start-up founder spent ₹12.3L on OpenAI's Codex in 1-month
Dan Shipper, the Co-founder and CEO of AI-focused start-up Every, has revealed that he spent nearly $13,000 (₹12.3 lakh) on OpenAI's Codex in just one month.
Snap alums launch an investment fund to back AI start-ups
A group of 20 Snap alumni have launched a new investment fund called Ghost Angels.
This start-up offers free apartment cleaning for users' data
A New York-based start-up, Shift, is offering free apartment cleaning services in exchange for data collected inside people's homes.
Vijayawada start-up launches India's first stratospheric balloon
Red Balloon Aerospace, a deep-tech aerospace start-up based in Vijayawada, has successfully launched India's first private high-altitude super-pressure balloon.
Nandan Nilekani's new venture bets ₹3,000cr on AI, deep-tech start-ups
Fundamentum Partnership, the venture capital firm co-founded by Nandan Nilekani, has launched a new investment platform called F2A (Fundamentum Frontier Advisors).
India's 1st private spaceplane to be drop-tested next week
AnduraX, a space technology start-up from Vijayawada, is gearing up for a major milestone in its journey.
India to have complete semiconductor supply chain soon: Modi
Prime Minister Narendra Modi has announced the development of a complete semiconductor supply chain in India.
Watch: Agnikul Cosmos test-fires its first 4-engine rocket cluster
Chennai-based space start-up Agnikul Cosmos has achieved a major milestone by successfully test-firing four semi-cryogenic rocket engines together for the first time.
Why founders of Groww have sold shares worth ₹260cr
The promoters and promoter group of wealth-tech firm Groww have sold a combined 0.23% stake in the company for ₹250-260 crore.
Indian start-up database in the works: What will it cover?
The Ministry of Electronics and Information Technology (MeitY) is planning to create a comprehensive national start-up database.
Space tech start-up Agnikul in talks to raise $50-75M
Space technology start-up Agnikul Cosmos is in talks to raise between $50 million and $75 million, as per Economic Times.
Prediction market start-up Kalshi raises $1B at $22B valuation
Kalshi, a leading prediction market platform, has raised $1 billion in its latest funding round. The investment has pushed the start-up's valuation to an impressive $22 billion.
Skyroot becomes India's 1st space tech unicorn with $60M funding
Hyderabad-based Skyroot Aerospace has become India's first space tech unicorn after raising $60 million in a funding round co-led by Ram Shriram's Sherpalo Ventures and GIC.
Why IIT Madras has set up a center in US
The Indian Institute of Technology (IIT) Madras Global Research Foundation has launched its first-ever center in the United States.
Grocery delivery start-up Apna Mart fires 10% of its workforce
Accel and Peak XV-backed grocery delivery start-up, Apna Mart, has laid off 10% of its workforce.
Bengaluru-based start-up launches 1st OptoSAR satellite in the world
Bengaluru-based space start-up GalaxEye has launched its first commercial satellite, Drishti, into orbit. The launch took place aboard SpaceX's Falcon-9 rocket today.
Home services start-up Snabbit raises $56M at $350M valuation
Indian on-demand home services start-up Snabbit has raised $56 million in a Series D funding round. It now values the company at around $350 million.
How Meta plans to undo its $2.5B Manus acquisition
Meta is preparing to reverse its acquisition of AI start-up Manus after the Chinese government blocked the deal on national security grounds, The Wall Street Journal reported.
Guidelines for Startup India FoF 2.0 out: Why they matter
The Department for Promotion of Industry and Internal Trade (DPIIT) has unveiled the operational guidelines for the ₹10,000 crore Startup India Fund of Funds 2.0 (FoF 2.0).
Instant house help start-up Snabbit raising funds at $400M valuation
Indian start-up Snabbit, which provides on-demand household help for chores like cleaning and laundry, is in talks to raise fresh funding at a valuation of around $400 million, according to TechCrunch.
Domestic help start-up Pronto raising $20M at around $200M valuation
Pronto, an Indian start-up providing on-demand domestic help, is said to be in the final stages of a funding round led by tech investor Lachy Groom.
AI-powered credit management platform Oolka raises ₹130cr
Oolka, an AI-powered credit management platform, has raised ₹130 crore in a fresh round of funding led by Accel India.
Mumbai dosa chain Benne in funding talks at ₹350cr valuation
Billionaire investor Ranjan Pai's family office, Claypond Capital, is considering an investment of ₹35-40 crore in Benne, according to Moneycontrol.
Dunzo's Kabeer Biswas raises ₹102cr for new AI start-up
Kabeer Biswas, the former co-founder of Dunzo, is raising ₹102 crore (about $11 million) for his new start-up 'M.' The company has already received nearly $9 million and expects the remaining funds soon.
Fintech stocks: All about this investment opportunity
India's fintech revolution is changing the way we look at financial services.
Peak XV's former MD Ashish Agrawal exits Groww board
Ashish Agrawal, a key player in Groww's early-stage funding at Peak XV Partners, has announced his resignation from the company's board.
Coding start-up Cursor wants to raise $2B at $50B valuation
MIT-founded artificial intelligence (AI) coding start-up, Cursor, is on the verge of raising at least $2 billion in a new funding round.
Why RBI's dual compliance mandate is worrying start-ups
The Reserve Bank of India (RBI) has mandated fintech and payment companies to comply with the Digital Personal Data Protection Act (DPDP), in addition to its own guidelines.
Y Combinator's 1st-ever start-up school in India begins this week
Y Combinator, one of the world's leading start-up accelerators, will hold its first-ever Startup School in India.
Start-ups face I-T department probe for misusing tax breaks
India's Income Tax Department is investigating several start-ups over alleged misuse of tax exemptions.