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
Photo: Equity Bulls
Indian Oil, L&T & ReNew To Set Up JV For Green Hydrogen Startup
Indian Oil Corporation Ltd., Larsen & Toubro, and ReNew Power announced the signing of a binding term sheet for the formation of a Joint Venture (JV) company to develop a new green hydrogen sector in India. “The IndianOil-L… read-more
Tags: business, Green Hydrogen, joint venture, India, Startups
Courtesy: The Economic Times
Photo: ThePrint
Plans To Promote Startups & Entrepreneurship: Assam Government
As per reports, the Assam government and the Small Industries Development Bank of India (SIDBOI) announced to establish joint fund to boost startups and entrepreneurs in the state. However, the officials discussed to broaden the role of IITs in boosting the startup sector. “We are also planning to set up mid-level start-up infra in colleges and universities,'' stated Assam CM Dr Himanta Biswa Sarma.
… read-moreTags: politics, Assam, SIDBOI, Entrepreneurs, Startups
Courtesy: ANI News
Photo: Upekkha
US-Based Startup 'Upekkha' Mints $9 Million To Help Indian Startups
The early-stage investment firm Upekkha Value SaaS Accelerator has garnered $9 million from WestBridge Capital, to invest in around 50-60 startups. In addition, the firm will initiate the first alternative investment fund (AIF) in India. “This year UP Funds will invest in 60 startups across three cohorts of the Upekkha accelerator program,” stated co-founder of Upekkha. Notably, Upekkha, in the span of four years, has accelerated about 72… read-more
Tags: Startups, business, Upekkha, Investment, India
Courtesy: The Economic Times
Photo: ABP News
Edu-Tech Byju's Seeks To Invest $200 Million To Establish Offline Coaching Centres
Byju’s is considering investing $200 million in offline tuition centres, to cater students from classes 4 to 10, in the next 2 years. It will offer holistic development through counselling and Olympiads. ''We decided to expand offline through ‘Byju’s Tuition Centre’ which will imbibe an omnichannel learning strategy,'' stated a Byju member. Notably, The company is all set to add 10,000 individuals and establish 500 offline centres… read-more
Tags: business, Startups, Byju's, offline coaching centres, students
Courtesy: The Economic Times
Photo: CIOL
Runo Raises $5,00,000 In Funding Led By Unicorn India Ventures
A call management CRM Runo, raised $5,00,000 in a funding round, led by Unicorn India Ventures. As per reports, Runo plans to invest funds for the product roadmap and expand to the Middle East, SEA, and US markets. ''The business model doesn’t need huge marketing spends and their growth curve shows immense potential,” said UIV's member. The company is serving 300+ clients, particularly SMEs, including sectors like Automobile and Edutech.
Tags: India, Startups, business, funding, RUNO
Courtesy: Economic Times
Photo: Glamsham
Actor Pankaj Tripathi Backs Startup Krishi Network
Agritech Startup Krishi Network announced to welcome Actor Pankaj Tripathi as an investor and brand ambassador. The funds will be used to expand its AI-based technology platform across India and grow rapidly. "Coming from a farmer background, I have always believed in supporting initiatives that help farmers with access to information to grow their business," stated Tripathi. Notably, the startup is established to boost rural internet… read-more
Tags: Startups, Pankaj Tripathi, krishi network, Investment, Farmers
Courtesy: The Economic Times
Photo: Quora
Here Are 5 Educational Resources For Budding Entrepreneurs
In India, many young minds are entering the startup world, therefore, good educational resources are must. Here are some great references to study and gain educational information from, especially for the new entrepreneurs; Lenny Rachitsky's newsletter for tech knowledge, TechCrunch and Business Insider pitching advice for pitching material, Savio Martin's Twitter list for curated tools, Y Combinator Safe Financing Documents for investment… read-more
Tags: Startups, Indian Educational, Website, Indian Startups, Medium
Courtesy: Medium
Photo: Trak.in
Delhi Added 5,000 Startups In 2021, Bengaluru Added 4,511; Economic Survey 2021
The Economic Survey 2021 revealed that national capital New Delhi managed to add over 5,000 recognised startups in the year 2021. Meanwhile, Karnataka's Bengaluru added 4,511 startups in the same year. Reportedly, India recognised over 14,000 startups in the year 2021. The data also revealed that only around 733 new startups were recognised in 2016-2017. Also, since January 10, 2012, more than 61,400 startups have been recognised in the… read-more
Tags: Economic Survey, Delhi-NCR, Bangalore, Startups, 2021
Courtesy: Economic Times
Photo: The Times Of India
Hyderabad's Darwinbox Enters Unicorn Club, Becomes India's 84th Company
Hyderabad's software startup-company, Darwinbox, became India's 84th company to be added in the list of unicorn club with $72 million in funding round by TCV, which is also an investor in Netflix. Notably, Darwinbox has a value of $1 billion and is fourth startup of India to enter unicorn club in 2022. Founded in 2015 by Chaitanya Peddi, Darwinbox is a cloud, which provides end-to-end HR needs of companies.
Tags: Darwinbox, software, Startups, Hyderabad, Unicorn list company
Courtesy: Office Chai Team
