Indian startups

Indian startups have now approached the country's top antitrust watchdog in order to force Google to reinstate the apps it delisted for policy reasons on Friday. Google had removed around 200 Indian apps including Naukri, 99acres, Bharat Matrimony and Kuku FM and the tech giant later reinstated only around 15 of these applications.  According to a Reuters report…

The tussle between Google and Indian internet companies over Play Store policies intensified on Friday with the US tech major delisting some local apps. Details on this and more in today’s ETtech Top 5.Also in this letter:■ SME IPOs for tech companies■ ETtech Deals Digest■ Potential of Google’s Genie AIGoogle removes some Indian apps from Playstore citing non-compliance Google on Friday began removing the apps of 10 Indian companies over non-payment of service fees, the latest move in the tussle over…

Spyre PropTech venture fund, backed by integrated incubator and accelerator for startups Venture Catalysts and NeoVon, is looking to raise Rs 400 crore in the first phase of a total Rs 800 crore proptech sectoral fund aimed at enabling major investments in over 30 Indian startups.The maiden fund is set to invest in early and growth stage companies with ticket sizes ranging from Rs 2-8 crore in early stages and Rs 15-40 crore in growth stage series A and B rounds.Elevate Your Tech Prowess with High-Value Skill…

Investments in Indian startups dropped about 80% on year this week, totalling $143.9 million across 26 different deals.Companies, across seed, early and late stages, had raised about $722 million in 30 rounds in the period from January 13 to 19 last year, as per data from Tracxn.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitIndian School of BusinessISB Product ManagementVisitMITMIT Technology Leadership and…

As many as 70% of startups are investing in artificial intelligence (AI) to enhance product capabilities and internal efficiencies, according to a new report by technology industry apex body Nasscom in partnership with consulting firm Zinnov.As per the Indian Tech Startup Landscape Report 2023, over 950 new technology startups were founded and over 750 were funded in the past year.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme in Data Science &…

SoftBank, which of late has not been signing new startup funding deals in India and is preparing to offload stakes in IPO-bound Ola Electric and FirstCry, still holds $1.1-1.2 billion worth of shares in its listed portfolio companies here.The Japanese investor has sold stakes worth $1.8-1.9 billion during the public offerings and through post-listing sales in four Indian startups — Paytm, Zomato, PB Fintech and Delhivery — that went public in 2021 and 2022. It had invested a total of $2.3-2.4 billion in these four new-age…

Founders-led investment firm We Founder Circle (WFC) on Monday said it invested in 103 deals across 82 startups in 2023, thus claiming to become the largest angel investor network in the country.WFC has invested in a total of 207 deals across 162 startups within three years of operations.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Digital TransformationVisitIIM KozhikodeIIMK Senior Management ProgrammeVisitIIM KozhikodeIIMK Advanced Data Science For…

Even as a funding crunch hit Indian startups in 2023 with primary capital becoming hard to come by, there was a significant increase in secondary share sales across late-stage ventures.Risk investors ET spoke with said the trend is likely to continue in 2024, as the focus would be on the limited number of good assets where existing investors are looking to part-sell their stake.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data Science For…

Programming note: ETtech’s Unwrapped will be off next Saturday. Wishing you all a happy holiday season. Thanks for reading us. Stay tuned to ETtech.com for all the news and updates.Hi, this is Pranav Mukul in New Delhi.At the end of last year, ETtech’s State of Startup Survey 2022, a survey of the most influential founders and investors, churned out a clear message—conserve cash, cut burn and turn profitable. Two-thirds of the respondents last year predicted that Indian startups will lay off employees in big numbers. And…

Weekly funding in Indian startups hit a 20-month high as part of a broader revival of venture capital deployment in technology companies in December this year. The big push came because of Walmart’s $600 million capital deployment in Flipkart, as reported by ETtech on December 21.A total of 19 startups raised a cumulative of $908 million between December 16- 20, as per Tracxn data shared with ETtech.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme in…