Photo: The Indian Express
Union Govt Launches Credit Guarantee Schemes For Startups In India
In order to extend support to start-ups in India, the BJP-led Central Government announced "Credit Guarantee Scheme". On October 7, the Commerce Union Minister Piyush Goyal said, "Government enables eligible companies to borrow collateral-free money up to Rs 10 crore making sure they reach their true potential,." The move will help micro businesses and start-up establishments to not only take risks but, provide guaranteed loan schemes.
Tags: Credit Guarantee Scheme, Piyush Goyal, Startups, Indian Business, innovation
Courtesy: The Free Press Journal
Photo: VCCircle
Softbank Founder Cautions Startups, Unicorns To Prepare For Challenging Fundraising Winter
Founder and CEO of Japanese investment firm Softbank, Masayoshi Son, cautioned unicorns and startups to brace themselves for a hard fundraising winter. Son stated that unicorn executives "still believe in their valuations and they wouldn't accept that they may have to see their valuations go lower than they think." The winter for publicly-traded firms is still… read-more
Tags: Softbank, Startups, unicorns, fundraising, japanese
Courtesy: Free Press Journal
Photo: Business Headers
'Basys.ai,' Harvard-Based Healthtech Startup, To Enter Indian Market Using Patented AI Technology
Basys.ai, Harvard-based health-tech startup founded in 2020 by Amber Nigam and Jie Sun, claims its in-house technology would aid enhance doctors' clinical decision-making in controlling their patients' metabolic health. To deploy its platform, the business has begun conversations with healthcare providers in India through Ayushman Bharat Digital Mission. Amber claims as… read-more
Tags: Artificial Intelligence, Health technology, Startups, harvard, INDIAN MARKET
Courtesy: Your Story
Photo: Plastics Today
Startups Climes, Lowsoot, WOCE To Help Companies, Individuals In Becoming Carbon Neutral
New-age firms have emerged all over the world to assist individuals (B2C) in calculating, tracking, and reducing their carbon footprint or emissions created during activities. The worldwide carbon footprint management market is expected to be worth $12.2 billion by 2025. Startups such as Climes, Lowsoot, and WOCE have created new products to assist businesses and individuals in becoming carbon neutral, a market poised for exponential… read-more
Tags: carbon management, Startups, Climes, Lowsoot, WOCE
Courtesy: Your Story
Photo: Google Play
'Cityflo' Provides Economical, Convenient Transportation Service, Making Travel To Work Relaxing
Jerin Venad, Ankit Agrawal, Rushabh Shah, and Sankalp Kelshikar founded "Cityflo" in May 2015, a Lightbox Ventures and India Quotient-backed mobility business that strives to provide economical and convenient bus transportation for office-going individuals in metropolitan cities. The Mumbai-based startup currently charges Rs 185 per journey, and Rs 148 with membership. The… read-more
Tags: Office, Startups, Cityflo, Mumbai, metropolitan cities
Courtesy: Your Story
Photo: Deccan Herald
Union Minister Jitendra Singh: Over 60 Startups Register With ISRO After Indian Space Sector Launch
Union Minister Jitendra Singh stated that over 60 startups have enrolled with ISRO following the "unlocking" of the Indian space sector. Few of them are working on space debris management programs. Other startups' concepts range from nanosatellites to launch vehicles, ground systems, and research. On July 11, Union Minister Singh launched the "ISRO System for Safe and Sustainable Operation" (IS4OM) at the ISRO Control Centre in Bengaluru.
Tags: Startups, ISRO, Indian Space Sector, bengaluru, union minister jitendra singh
Courtesy: ANI
Photo: Telangana Today
T-Hub's Second Phase In Hitech City Will Boost Startups: Telangana
With the launch of second phase of the T-Hub facility, spread over 3,5 lakh sq feet, on June 28, startups and businesses in Hyderabad, Telangana will get a major boost. This new facility was built at a cost of Rs. 276 crore, aiming to help additional 1,500 startups, and innovations, garnering investments for Telangana. Moreover, will help to have an office space and make the necessary connections for the investments.
Tags: Telangana, T-Hub, Boost, Startups, Business Development, Hyderabad
Courtesy: The Economic Times
Photo: Telangana Today
Telangana CM KCR To Inaugurate New Facility Of T-Hub Worth Rs 276 Crore
Telangana CM K Chandrashekar will launch second-phase of T-Hub facility, spread over 3,5 lakh sq feet, on June 28. "Delighted to announce that Chief Minister K Chandrashekar Rao garu will be inaugurating the new facility of T-Hub," confirmed IT Minister KT Rama Rao in a tweet. This new facility was built at a cost of Rs. 276 crore, will boost 1,500 startups, and innovations, garnering investments for… read-more
Tags: T-Hub, Telangana, KTR, KCR, Startups
Courtesy: India.Com
Photo: BBC
Ashneer Grover To Launch New Venture With $300 Million Funding Goal
Ashneer Grover, co-founder and former CEO of BharatPe, intends to launch a new venture a month after his abrupt departure from his company. He is in discussions with private equity firms about raising $300 million for his enterprise. Grover may use his personal finances to support his startup, and may even trade a portion of his share in BharatPe, stated a report. Grover is presently in United States regarding the startup.
Tags: Ashneer Grover, New Venture, Startups, investors, Funds
Courtesy: DNA India
Photo: CRN
Individuals In Technology Sector Laid Off Globally
During the month of May, over 15,000 employees working in the technology sector lost their jobs
throughout the world, as global macroeconomic variables wreaked havoc on businesses, particularly startups. Around 718 businesses have cut off 1.25 lakh employees worldwide after Covid-19 outbreak began. Several cojcerns confront IT businesses, including growing prices and recession fears. Over 6,000 individuals in India have been laid off as… read-more
Tags: IT layoffs, Startups, Technology, employees, IT Firm
Courtesy: Zee news
