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Startup Mahakumbh: How DPIIT and Startup India transformed the nation

Startup Mahakumbh

Innovation drives India rise as a global startup powerhouse, led by DPIIT and Startup India.

Date: 01/04/2025

Venture capital inflows see marginal rise

Venture capital funding into Indian startups

Venture capital funding into Indian startups saw a marginal increase in the last week of March.

Date: 31/03/2025

Nabhdrishti Aerospace raises $3 million led by Accel

Nabhdrishti Aerospace

Aerospace startup Nabhdrishti Aerospace has raised $3 million (around Rs 25 crore) in a funding round led by Accel, along with participation from IIMA Ventures and its existing investors.

Date: 28/03/2025

India IT industry surges to $283 billion in 2024-25

India IT industry

India IT industry has witnessed remarkable growth over the past decade, with its total revenue projected to reach $283 billion in the financial year 2024-25, up from $118 billion in 2014-15, according to the National Association of Software and Services Companies (NASSCOM).

Date: 28/03/2025

Union minister Shri Jitendra Singh says Rs 1,000-crore funding scheme to support space sector startups

Rs 1,000-crore funding scheme to support space sector startups

A Rs 1,000 crore funding scheme has been launched for Indian space startups, managed by SIDBI Venture Capital Limited, to promote growth and global competitiveness in the sector

Date: 27/03/2025

Venture capital in India surged, IPO boom fuels strong exits: Report

Venture capital in India surged.

The report further states that the strong domestic fundamentals, progressive regulatory reforms, and rising public market activity have helped India position as Asia Pacific second-largest VC destination while global funding remained flat.

Date: 27/03/2025

All In Capital closes first tranche of new fund, eyes AI, deep tech, and consumer brands for deployment

All In Capital

Early-stage venture capital firm All In Capital has made the first close of its second fund with a target corpus of ₹200 crore and an additional ₹100 crore greenshoe option

Date: 26/03/2025

Sebi eases rules for foreign investors, alternative investment funds

Sebi eases rules for foreign investors, alternative investment funds

Sebi has updated rules for foreign portfolio investors, raising the ownership disclosure threshold from ₹25,000 crore to ₹50,000 crore.

Date: 26/03/2025

L&T-Cloudfiniti Forms Strategic Partnerships with Leading AI Startups

L&T-Cloudfiniti has also teamed up with CoRover

CoRover (Conversational & Attentive AI): L&T-Cloudfiniti has also teamed up with CoRover, an AI-driven startup focussed on creating conversational AI and foundational models (like BharatGPT). CoRover innovative solutions offer the ability to enhance user experiences with more natural, human-like conversations across various sectors, including customer service, education, and more. With this collaboration, L&T-Cloudfiniti aims to bring real-time, personalised communication and AI-enabled attentiv

Date: 25/03/2025

Tata Communications, CoRover.ai Partner to Revolutionise AI Solutions for Governments, Enterprises

Tata Communications, CoRover.ai

Tata Communications, a leading global communications technology player, and CoRover.ai, a pioneer in conversational and generative AI, today announced a landmark move to shape the future of AI in India, bringing Sovereign AI solutions to Indian enterprises and government bodies.

Date: 25/03/2025

Startup funding jumps 8% during Q1 2025

Funding in Indian tech startups has increased by 8.7 per cent

Funding in Indian tech startups has increased by 8.7 per cent in the first quarter of the calendar year 2025 from the year-ago period.

Date: 25/03/2025

Shri Ajay Seth takes baton from Shri Tuhin Kanta Pandey as new Finance Secretary

Senior bureaucrat Shri Ajay Seth has been designated as the new Finance Secretary

Senior bureaucrat Shri Ajay Seth has been designated as the new Finance Secretary, according to an official order released by the Personnel Ministry.

Date: 25/03/2025

SIDBI VC to manage Rs 1,000 crore venture capital fund for the space sector

SIDBI VC to manage Rs 1,000 crore

SIDBI Venture Capital Limited has been selected as the fund manager for Rs 1,000 crore venture capital fund announced by the government to support private sector firms in the space technology domain.

Date: 24/03/2025

India private equity and venture capital markets: A key pillar for long-term investors

India private equity and venture capital markets

India private equity (PE) and venture capital (VC) markets have undergone a significant transformation over the past decade.

Date: 24/03/2025

M&As, PE flows to remain robust in 2025 despite economic uncertainties, say experts

M&As, PE flows to remain robust in 2025 despite economic uncertainties

Mergers and acquisitions in India are thriving with robust domestic demand and increased private equity investments.

Date: 22/03/2025

Plant-based nutrition startup Nourish You raises Rs 16 crore from Sidbi Venture Capital

Sidbi Venture Capital

Superfood and plant-based nutrition startup Nourish You has raised Rs 16 crore in its series A funding round from Sidbi Venture Capital.

Date: 20/03/2025

Infosys among bidders shortlisted for In-SPACe Rs 1,500 crore mission: Report

Infosys among bidders shortlisted for In-SPACe

In the run-up to the submission of the draft request for proposal (RFP) of Indian National Space Promotion and Authorisation Centre (IN-SPACe) INR 1,500 Cr project, a report by The Hindu BusinessLine suggests that tech major Infosys is among the six bidders shortlisted by the space body to build and launch constellation of earth observation (EO) satellites.

Date: 20/03/2025

Otipy raises $2 million in venture debt from Nuvama

Otipy raises $2 million

Otipy, a farm-to-fork company, has raised $2 million in venture debt from Nuvama Asset Management Limited.

Date: 19/03/2025

Nivara Home Finance raises Rs 245 crore in series B round led by True North

Nivara Home Finance raises Rs 245 crore

Bengaluru-based Nivara Home Finance has raised Rs 245 crore in a series B funding round led by private equity firm True North, with participation from Baring PE India and the company promoters, according to a press statement.

Date: 19/03/2025

Acies Ventures announces strategic investment in Neoble

Acies Ventures

Acies Ventures, the investment arm of Acies, has announced a strategic investment in Neoble, a technology-driven platform specializing in loan-against-securities products.

Date: 18/03/2025

Blackstone floats open offer to acquire up to 26% in Kolte-Patil Developers

Global investment firm Blackstone

Global investment firm Blackstone has launched an open offer to acquire up to 26 per cent stake in Pune-based realty firm Kolte-Patil Developers Ltd from public shareholders for Rs 758.56 crore.

Date: 18/03/2025

India M&A activity hits three-year high at $18.2 billion by 11th March: LSEG Deals Intelligence

India M&A activity hits three-year high at $18.2 billion by 11th March

Deal momentum stays strong in 2025 after a 16-month high in January, as M&A volumes rise 2.5 per cent year on year.

Date: 15/03/2025

Issue of AIFs circumventing regulations resolved: SEBI member

Issue of AIFs circumventing regulations resolved

As the trust deficit came to its notice, SEBI started interacting with industry lobby group Indian Venture and Alternate Capital Association to find solutions, the WTM said.

Date: 13/03/2025

India to receive over $600 billion in alternative investments by 2028, say experts

India to receive over $600 billion in alternative investments by 2028

India is set to receive over $600 billion in private equity and venture capital (PE/VC) investments in the next three years.

Date: 12/03/2025

DPIIT recognises 1,61,150 entities as startups as of January: Government

DPIIT recognises 1,61,150 entities as startups as of January

Commerce and Industry Minister Shri Piyush Goyal stated that 28,511 entities have been recognised as startups in Maharashtra, while 16,954 are in Karnataka.

Date: 12/03/2025

CoRover-Best Gen AI Platform Award

Best Gen AI Platform Award

We are delighted to share that CoRover has been recognized as the Best Gen AI Platform by Entrepreneur Media

Date: 12/03/2025

India venture capital market rebounds in 2024, funding surges to $13.7 billion: Report

India venture capital market rebounds in 2024

In contrast to a largely stagnant Asia-Pacific VC market, India saw a notable rise in deal activity, reinforcing its position as the second-largest VC destination in the region.

Date: 11/03/2025

India future is determined by investments in innovation, AI a game changer : PM Shri Modi

India future is determined by investments in innovation, AI a game changer

The future of the nation is determined by investments in innovation, Prime Minister Shri Narendra Modi said on Wednesday, highlighting that artificial intelligence (AI) has the potential to not only contribute several lakh crore rupees to India economy but also generate millions of jobs.

Date: 10/03/2025

From Darwinbox to InsuranceDekho — Indian startups raised $386 million

Indian startups raised $386 million

Between 3rd March and 8th March, Indian startups cumulatively raised $385.5 million across 29 deals, marking an over 4X of the $88.3 million raised last week by 16 startups.

Date: 10/03/2025

Darwinbox raises $140 mn co-led by Partners Group and KKR

Darwinbox raises $140 mn

HR tech platform Darwinbox has raised $140 million in a funding round led by Partners Group and KKR.

Date: 07/03/2025

Unicorns in record time: Time taken by startups to hit billion-dollar valuation halves | Explainer

Unicorns in record time

The journey of Indian startups from launch to unicorn status has dramatically shortened over the past decade, indicating investors’ confidence and an evolving ecosystem. While startups launched after 2007 took an average of 6.7 years to enter the billion-dollar valuation club, the time-period has consistently shortened, particularly after 2013, according to the data from business intelligence platform Tracxn.

Date: 06/03/2025

Deeptech startups underfunded as significant capital directed towards consumer internet firms

Deeptech startups underfunded as significant capital

The lack of substantial funding and state-of-the-art research facilities has contributed to a significant brain drain of research talent to the US and Europe, said a report by VC firm 3one4 Capital.

Date: 06/03/2025

Early-stage VC firm Prime Venture closes fifth fund at $100 million

Prime Venture closes fifth fund at $100 million

Prime is an investor in fintech startups like digital lending startup Freo (previously Moneytap), forex card distributor Niyo, community management platform MyGate, and healthtech Dozee.

Date: 06/03/2025

VCs bet on AI startups in India; see application-layer AI gaining steam

VCs bet on AI startups in India

Venture capital investors are increasingly bullish on application-layer AI startups in India, focusing on rapidly expanding AI applications with concrete use cases.

Date: 05/03/2025

DPIIT introduces Rs 30 cr Startup Maha Rathi challenge to boost Indian startups

The Department for Promotion of Industry and Internal Trade (DPIIT)

The Department for Promotion of Industry and Internal Trade (DPIIT) has introduced the Startup Maha Rathi challenge as part of the second edition of Startup Mahakumbh, aiming to provide startups across India with Rs 30 crore in funding, mentorship from industry experts, and networking opportunities with global investors.

Date: 04/03/2025

AI spending in India to grow 2.2x faster than digital tech in 3 years, generating USD 115 billion of economic impact: IDC

AI spending in India to grow 2.2x faster than digital tech in 3 years

Spending on Artificial Intelligence technologies will grow at 2.2x the rate of overall digital technology spending in the next three years, generating an India economic impact of over USD 115 billion by the end of 2027, according to a latest report by International Data Corporation (IDC).

Date: 03/03/2025

India sets strategic path for AI growth with nuclear energy investments

AI growth with nuclear energy investments

The nation plan hinges on an integrated approach that builds out the entire AI stack--from semiconductor fabrication and data centre infrastructure to foundational models and energy management-- powered by a focus on nuclear energy.

Date: 01/03/2025

India on track to become third-largest economy worldwide by 2029: MoS Shri Harsh Malhotra

India on track to become third-largest economy worldwide by 2029

India is poised to become the third-largest economy in the world by 2029, following an investor-friendly business environment, Shri Harsh Malhotra, Union Minister of State, Ministry of Corporate Affairs, and Road Transport and Highways.

Date: 01/03/2025

Space-tech startup Astrogate Labs raises $1.3 million in pre-series round

Space-tech startup

Bengaluru-based space-tech startup Astrogate Labs has raised $1.3 million funding in a pre-series round, the company said in a statement.

Date: 28/02/2025

India accounts 9.9% global share of VC deals for startups in January: Report

India accounts 9.9% global share of VC deals for startups

Venture capital funding raised by Indian startups surges 69.7 per cent year-on-year (YoY) to $883.2 million in January, according to a report.

Date: 28/02/2025

US-based VC firm Expert Dojo expands India portfolio with 30+ startup investments

30+ startup investments

Expert DOJO, a Southern California-based early-stage venture capital firm, has been actively investing in Indian startups since 2019 through its US fund.

Date: 27/02/2025

DPIIT and Paytm join hands to boost fintech and manufacturing startups in India

manufacturing startups in India

The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with Paytm (One97 Communications Limited) to foster innovation and accelerate the growth of fintech and manufacturing startups in India.

Date: 27/02/2025

Govt pushes for renewable energy financing to support energy transition

Govt pushes for renewable energy

Union minister for new and renewable energy Shri Pralhad Joshi emphasised that India will require an investment of ₹30 lakh crore to meet its 500 GW renewable energy target by 2030.

Date: 26/02/2025

World Bank says India will continue to be fastest growing economy: Shri Modi

India will continue to be fastest growing economy

Prime Minister Shri Narendra Modi said the World Bank has expressed confidence that India will continue to be the world fastest-growing economy in the coming years.

Date: 25/02/2025

Boost for startups: SEBI suggests removing 200-investor cap for Angel Funds

Boost for startups

In a move to refine the regulatory framework governing Angel Funds, the Securities and Exchange Board of India (SEBI) has released a consultation paper proposing the inclusion of Accredited Investors (AIs) under the definition of Qualified Institutional Buyers (QIBs).

Date: 24/02/2025

Indian VCs join a global race to back the next big AI disruptor

Indian VCs

The world may still be grappling to figure out the scale of upheaval that generative AI could cause. Yet, Indian venture capital investors have joined top global peers in chasing the next disruptive offshoot of generative AI: agentic AI.

Date: 24/02/2025

VC firms bet on growing smart home market

VC firms

Venture capital firms are increasingly betting on smart home appliance market with startups like Beyond Appliances, Upliance, AroLeap, On2Cook, DrinkPrime, Aurm, and Karban securing funding in recent months.

Date: 22/02/2025

The AI race has just begun, and India is bang on track: Shri Amitabh Kant

AI race

Only India has the culture of innovating smarter and will ensure that AI is used for social good, asserts India’s G20 Sherpa and the former CEO of NITI Aayog.

Date: 21/02/2025

India deeptech revolution: Shri Modi strategy goes beyond the obvious

India deeptech revolution

India is not just looking ahead- it is thinking beyond the obvious.

Date: 21/02/2025

Probus bags $5m in series A funding led by Unicorn India Ventures

Probus

The newly raised funds will be used to scale its current tech stack and integrate AI with its network, communication stack

Date: 20/02/2025

IN-SPACe launches Technology Adoption Fund to support spacetech startups

IN-SPACe

The Technology Adoption Fund provides partial funding to help Indian spacetech companies turn their early-stage space technologies into commercially viable products.

Date: 20/02/2025

Tata Communications and AI startup CoRover.ai have joined forces to introduce Sovereign AI solutions tailored for Indian enterprises and government bodies.

Tata Communications and AI startup CoRover.ai

Tata Communications and AI startup CoRover.ai have joined forces to introduce Sovereign AI solutions tailored for Indian enterprises and government bodies. This collaboration will leverage Tata Communications Sovereign AI Cloud Platform alongside CoRover conversational AI expertise, including its proprietary large language model, BharatGPT. With a strong emphasis on data sovereignty, cultural relevance, and regulatory compliance, the partnership aims to empower India digital ecosystem with secur

Date: 19/02/2025

Deeptech startup Spyne raises $16m in series A round led by Vertex Ventures

Deeptech startup Spyne

Spyne will also use the fresh capital to strengthen its go-to-market strategy, especially in the US market, where it plans to have people on the ground.

Date: 19/02/2025

Power electronics startup Dynolt Technologies raises Rs 14.7 crore from Transition VC

Dynolt Technologies

With the new capital, Dynolt Technologies intends to expand its footprint in mobility by developing higher-power chargers using wide bandgap semiconductors for fast-charging stations

Date: 19/02/2025

NIIF seeking to raise $2b for India largest private credit fund

NIIF

Government-backed domestic infrastructure fund, National Investment & Infrastructure Fund (NIIF), is seeking to raise a $2-billion private credit fund, India largest such vehicle.

Date: 18/02/2025

Announcement of India-US trade agreement has boosted business confidence: Shri Piyush Goyal

India-US trade agreement

During the recent visit of Prime Minister Shri Narendra Modi to Washington, India, and the US announced to more than double the two-way commerce to $500 billion by 2030 and negotiate the first tranche of a mutually beneficial, multi-sector bilateral trade agreement by the fall of 2025.

Date: 18/02/2025

SEBI relaxes dematerialisation mandates for AIFs

dematerialisation mandates for AIFs

Markets watchdog Securities and Exchange Board of India (SEBI) has now announced some relaxation in the deadlines for alternative investment funds (AIFs).

Date: 17/02/2025

ONGC-NTPC Joint Venture acquires Ayana Renewable for ₹195 billion

ONGC-NTPC Joint Venture

ONGC NTPC Green (ONGPL), a joint venture between ONGC Green and NTPC Green Energy, has signed a share purchase agreement to acquire a 100% equity stake in utility-scale renewable energy platform Ayana Renewable Power for ₹195 billion (~$2.3 billion).

Date: 15/02/2025

Peak XV Partners sells 1% stake in SaaS firm Freshworks for $51.5 million

Peak XV Partners

Venture capital firm Peak XV Partners has sold a nearly 1% stake in software-as-a-service (SaaS) company Freshworks for $51.5 million, according to filings made with the US Securities and Exchange Commission.

Date: 15/02/2025

MontyCloud aims to double engineering team in India, raises funding in a series A round

MontyCloud

MontyCloud Inc., a startup providing AI-powered cloud operations, has raised an undisclosed amount of funding in a series A1 funding round led by S3 Ventures.

Date: 14/02/2025

Private equity investors see public markets driving exits in India

Private equity investors

India private equity (PE) investors are increasingly relying on public markets to exit investments, with 2024 witnessing $26 billion in total exits, largely fuelled by initial public offerings (IPOs) and open market transactions, according to industry executives at the IVCA (Indian Venture and Alternate Capital Association) Conclave.

Date: 14/02/2025

Shri Sudatta Mandal highlights SIDBI role in transforming India startup and MSME ecosystem at IVCA Conclave 2025

IVCA Conclave 2025

Shri Sudatta Mandal, Deputy Managing Director of the Small Industries Development Bank of India (SIDBI), delivered a keynote address on the first day of the IVCA Conclave 2025, emphasising the crucial role of startups and MSMEs in India economic transformation.

Date: 13/02/2025

Despite fall, PE/VC investments in India start 2025 strong: EY IVCA report

PE/VC investments in India start 2025 strong

Private equity (PE) and venture capital (VC) investments in India began 2025 on a strong note, rising 37 per cent in January 2025 to $6.3 billion, compared to $4.5 billion in December 2024, according to a report by EY and the Indian Venture and Alternate Capital Association (IVCA).

Date: 13/02/2025

PE will dominate a big part of Indian markets, says Blackstone senior MD Mukesh Mehta

PE will dominate a big part of Indian markets

We are very bullish on India. India has been the firm best-performing market for private equity over the last decade, says Mukesh Mehta, Senior Managing Director in the Private Equity Group of Blackstone.

Date: 12/02/2025

India PE/VC market poised for record growth in 2025 amid strong deal momentum and sectoral shifts

India PE/VC market

The strong momentum in deal activity has already begun, with January investments 37% higher than December 2024, according to EY - PE/VC Agenda: India Trend Book 2024 report.

Date: 12/02/2025

Fund of Funds 2.0: Why Govt Rs 10,000 cr bet will transform India manufacturing landscape

Fund of Funds 2.0

After creating 18 unicorns and mobilising Rs 90,000 cr through its first Fund of Funds, the government is now focusing on triggering deeper tech innovation with fresh capital.

Date: 11/02/2025

Owl Ventures backs workforce mobility platform BorderPlus with $7m investment

Owl Ventures

BorderPlus will initially focus on healthcare sector in Germany, with plans to expand into other areas such as hospitality, retail, teaching, and other geographies after.

Date: 11/02/2025

Triton Fund II eyes growth in B2B tech, Deeptech, AI with Rs 240 crore fundraise

Triton Fund II

Mumbai-based venture capital firm Triton has announced the first close of its second fund ‘Triton Fund II’ with a total corpus of Rs 240 crore or $28 million, which is more than five times larger than its first fund, the VC announced in an official statement.

Date: 11/02/2025

Cognida.ai bags $15m in series A round led by Nexus Venture Partners

Cognida.ai bags $15m in series

The enterprise AI startup will use the capital to expand its AI solution library across key industries, enhance product offerings, grow AI implementation teams, and accelerate go-to-market strategies to expand its customer base.

Date: 10/02/2025

From Cashfree Payments to Shadowfax — Indian startups raised $125 mn

Cashfree Payments to Shadowfax — Indian startups raised $125 mn

Fintech emerged as the top sector in terms of investment this week, on the back of the biggest funding round which saw B2B fintech startup Cashfree raising $53 million in its series C funding round.

Date: 10/02/2025

Startups join India ambitious leap towards AI sovereignty

AI Sovereignty

Many startups focused on AI development are initiating projects and allocating resources to create indigenous models for India.

Date: 07/02/2025

Women Wellness brand Nua raises Rs 35 cr in pre-series C round led by Mirabilis Investment Trust

Nua raises Rs 35cr

Nua, a Mumbai-based women wellness and hygiene brand has raised Rs 35 crore in a pre-series C round led by Mirabilis Investment Trust.

Date: 07/02/2025

Presage Insights raises seed funding round

Presage Insights

Presage Insights, a provider of IoT and AI-based predictive maintenance, has raised Rs 5.6 crore in a seed funding round led by YourNest Venture Capital

Date: 06/02/2025

VC investors take the leading role in guiding startups through AI disruption

VC investors take the leading role in guiding startups

As artificial intelligence (AI) becomes a central driver of innovation, venture capital (VC) investors are stepping up to help portfolio companies navigate the complexities of AI adoption.

Date: 06/02/2025

Bengaluru-based Presentations.ai secures $3 million from Accel

Presentations.ai secures $3 million

Presentations.ai, an Indian AI-driven presentation platform, has secured $3 million in seed funding led by Accel Partners

Date: 05/02/2025

Women-led startups from India making global mark: Shri Jitendra Singh

Women-led startups

Women-led development is a key priority of Prime Minister Shri Narendra Modi governance agenda with the vision that women-led startups will place India on the global map in the years to come and our women entrepreneurs have the potential to realise that goal, said Shri Jitendra Singh, the Minister of State for Personnel.

Date: 05/02/2025

Union Budget 2025 strengthens India’s investment ecosystem with regulatory clarity and capital expansion

Union Budget 2025

Gopal Srinivasan, Chairman and Managing Director of TVS Capital Funds, has praised the Union Budget 2025 for its forward-thinking approach, focusing on the growth of India’s investment ecosystem

Date: 05/02/2025

PE-VC records $3.4 billion investments in Jan

PE-VC

PE-VC funding in India started off on a flat note in 2025 recording $3.4 billion investments in January against $3.5 billion in the same period previous year (CY2024).

Date: 05/02/2025

Indian startups raise $240.85 million last week, Bengaluru leads in funding deals

Indian startups

During the week, 30 Indian startups secured a total of $240.85 million in funding including five growth-stage investments and 20 early-stage rounds.

Date: 04/02/2025

India launches $1.15 bn fund for startups

Fund for startups

India has unveiled a new US$1.15 billion fund of funds for startups as part of its federal budget for 2025-2026.

Date: 04/02/2025

Budget: 5-year extension of incorporation deadline brings cheer to startups

Budget 2025

Finance Minister Smt Nirmala Sitharaman’s announcement to extend the deadline for incorporation of startups by five years until 1st April 2030, has brought cheer to the ecosystem

Date: 03/02/2025

FM introduces new Rs 10,000 crore Fund of Funds for startups in Budget 2025

Budget 2025

FM Smt Nirmala Sitharaman decision to launch a new FoF comes amid a growing emphasis on mobilising domestic capital for startup investments, particularly in the face of rapidly changing global macroeconomic conditions.

Date: 03/02/2025

Category I and II AIF income to be taxed as capital gains

Category I and II AIF

The FY26 Budget taxes income from Category I and II AIF as capital gains at 12.5 Percentage with business income taxed at higher rates 30 Percent for residents, 39 percent for non-residents

Date: 03/02/2025

Budget boost for AIF Securities reclassified as capital assets

Budget boost for AIF

Finance Minister Smt Nirmala Sitharaman announced tax relief for Alternative Investment Funds in categories I and II in her Budget speech, reclassifying securities as capital assets

Date: 03/02/2025