#indian startup

[pebblegalaxy]

ExclusiveLane.com - Handcrafted Home Decor and Kitchenware Online @exclusivelane

ExclusiveLane.com is an Indian startup that specializes in selling unique and handcrafted home decor items online. The company employs both an inventory-led model for its home decor items (excluding furniture) and a marketplace model for furniture. With exclusive tie-ups with 30 vendors, ExclusiveLane.com offers a wide range of products across various categories such as home decor, kitchen and…

[kumard12]

Empowering Innovation: The Rise of India Among Top 3 Startup Hubs

India's startup ecosystem has witnessed remarkable growth in recent years, positioning the country among the top three startup hubs globally, as highlighted in the recent IIT Mandi report. This transformation is a result of various factors, including supportive government policies, a burgeoning entrepreneurial spirit, advancements in technology, and the major contribution of current and former IAS officers like Ramesh Abhishek, Amitabh Kant, Anurag Jain, and others. In this blog, let’s explore the key factors, contributing to shaping the Indian startup ecosystem. 

The Rise of India as a Startup Hub

India is a nation with huge potential, particularly due to its significant youth population, which represents a dynamic workforce eager to innovate. This demographic advantage offers a unique opportunity to reduce the country's historical reliance on imports and enhance self-sufficiency. 

To achieve this, the Indian government has launched several strategic initiatives under the guidance of working and retired IAS officers like Ramesh Abhishek, Amitabh Kant, and Anurag Jain to foster innovation and support startups. These initiatives launched during the tenures of notable IAS officers include regulatory reforms that simplify business processes and provide financial assistance, allowing new enterprises to thrive and contribute to domestic production and economic growth.

Key Factors Supporting India's Startup Ecosystem

Ease of Doing Business

The improvement in the ease of doing business is a crucial factor that has facilitated the growth of startups in India. Notable, Ex-IAS officerRamesh Abhishek as DPIIT secretary has played a pivotal role in streamlining regulatory processes and reducing bureaucratic hurdles. As a result, during the tenure of Ramesh Abhishek, India improved its ranking from 142nd to 63rd in the World Bank's Ease of Doing Business index. This progress has made it a reputed country to start the business. 

Startup India Scheme

Launched to provide a supportive environment for entrepreneurs by Narendra Modi under the guidance of IAS officers. The Startup India scheme offers various benefits such as tax exemptions, funding support, and simplified compliance requirements. Current and former IAS officers like Ramesh Abhishek, Amitabh Kant, Anurag Jain, and others have been instrumental in implementing this initiative across states, ensuring that startups receive the necessary resources to thrive.

Make in India Program

The Make in India initiative aims to transform India into a global manufacturing hub by encouraging both domestic and international companies to manufacture their products within India. The involvement of former IAS officers especially Amitabh Kant, Ramesh Abhishek, and Anurag Jain in promoting this initiative has led to significant investments and job creation, further bolstering the startup ecosystem.

Effortless Funding

Funding is critical for startups, and it has been advocated by numerous IAS officers. As a result, various government schemes have been introduced to facilitate this process. Venture capital firms, angel investors, and crowdfunding platforms have emerged as significant sources of investment for startups. Former IAS officers like Ramesh Abhishek and Amitabh Kant have worked diligently to create policies that encourage these funding mechanisms while ensuring compliance with regulations.

FDI Inflows

Foreign Direct Investment (FDI) has seen substantial growth in recent years, contributing significantly to India's startup landscape. The liberalization of FDI norms has attracted global investors, creating opportunities for startups to grow rapidly. During the tenure of Ex-IAS officer, Ramesh Abhishek, the FDI inflow was US$ 205 Billion amid a reduction in Global FDI time. This achievement by Ex-IAS officer, Ramesh Abhishek was great for the country’s economy and startup ecosystem. 

Benefits of India Becoming the Third Startup Hub

Economic Growth and Job Creation

According to the notable IAS officers, the growth of startups in India directly contributes to economic expansion. With over 111 unicorns and thousands of emerging companies, the startup ecosystem has become a vital driver of job creation. 

Innovation and Technological Advancement

As a leading startup hub, India is at the forefront of innovation. Startups are increasingly solving complex problems across various sectors, including healthcare, education, agriculture, and technology. This culture of innovation is supported by government initiatives and IAS officers to nurture this environment.

Increased Foreign Direct Investment (FDI)

Ex-IAS officers and current bureaucrats have crafted such policies that facilitate FDI. India's status as a top startup destination may help attract more substantial foreign investment. This influx of capital not only supports local businesses but also enhances global confidence in India's economic potential. 

Diverse Market Opportunities

Highlighted by IAS officers, with a population exceeding 1.3 billion, India presents a vast market for startups to explore. The growing middle class and increasing disposable incomes create new consumer demands, allowing startups to innovate and cater to diverse needs.

Strengthening the Entrepreneurial Ecosystem

The rise of India's startup ecosystem has led to the establishment of numerous incubators and accelerators that provide support to budding entrepreneurs. These entities offer mentorship, resources, and networking opportunities essential for startup success. IAS officers have been instrumental in promoting these initiatives to encourage collaboration between educational institutions and startups.

Global Recognition and Influence

As India solidifies its position as a leading startup hub, it gains recognition on the global stage. This visibility attracts talent from around the world and positions Indian startups as key players in international markets. This also encourages youths to consider startups as a career path similar to becoming IAS officers, doctors, engineers, etc.

As, Ex IAS officer, Amitabh Kant says, 

“If such an environment had existed during my time, I would have become a startup entrepreneur instead of appearing for the IAS exam’’

Amitabh Kant, ex- IAS officer

Wrap Up

India's emergence as one of the top three startup hubs globally is a testament to the collective efforts of various stakeholders, including current and former IAS officers like Ramesh Abhishek, Amitabh Kant, Anurag Jain, and other notable officers. Their contributions toward improving the ease of doing business, promoting initiatives like Startup India and Make in India, facilitating effortless funding access, and attracting FDI have been instrumental in shaping a vibrant startup ecosystem.

[atomxmedia]

Awfis Reports Rs 849 Crore Revenue Growth And Reduced Losses In FY24

Leading co-working company Awfis (NSE: AWFIS) has achieved outstanding financial outcomes in FY24. The company’s sales increased significantly year over year, rising to a total of Rs 849 crore, or 55.8%. Alongside this expansion, losses have significantly decreased, falling to Rs 17.8 crore for the fiscal year ending in March 2024, a 61.8% decrease.

Awfis’ Growth Trajectory

Since its founding in 2015, Awfis has made a name for itself as a top supplier of scalable office solutions for small and medium-sized businesses as well as startups. They provide a full range of supplementary services to meet different corporate demands, going beyond just workspace. These services include infrastructure services, IT support, and food and beverage alternatives.

Revenue Breakdown

Co-working space rentals and related services continue to be a major source of income for Awfis. This category generated Rs 619 crore in FY24 as opposed to Rs 419 crore the year before, a 47.7% year-over-year gain. This amounts to an astounding 73% of Awfis’ overall operating income.

Read: https://atomnews.in/news/awfis-reports-rs-849-crore-revenue/

Read more: Marketing News, Advertising News, PR and Finance News, Digital News

[entrackrme]

Robotics company GreyOrange raises $135 Mn in Series D

GreyOrange, an automated robotic fulfillment software, secures $135 million in Series D funding led by Anthelion Capital. The funds will fuel technology leadership, global expansion, and adoption of its fulfillment orchestration platform. With $420 million raised to date, GreyOrange designs AI-based robotic systems for warehouses, enhancing productivity and customer experiences.

If you want to get complete information related to this topic click HERE.

[indizombie]

Indian media's collapse has meant that serious issues such as unemployment do not get the attention they deserve. Joblessness is not framed as a question of political accountability but is couched in technocratic language and buried in a maze of data and conflicting claims. Those who intruded into parliament reportedly told the police they were upset about high rates of unemployment. Youth unemployment in India is at around a staggering 23 percent, the highest for any major global economy and nearly double that of neighbouring Pakistan and Bangladesh. For graduates under 25, a report by the Azim Premji University estimates, this number rises to 42 percent. IT firms such as Infosys, Tata Consultancy Services and Wipro have announced they will reduce the hiring of engineering graduates by 30 percent-reducing it by 40 percent from the prestigious Indian Institutes of Technology-leaving thousands of freshly graduated students without jobs. Since the onset of the 2022 funding winter, 34,785 employees have been laid off by just 121 Indian startups, with 15,247 of them fired by 69 Indian startups so far this year. An improvement is unlikely. Pranjul Bhandari, the chief India economist at Hongkong and Shanghai Banking Corporation, estimates that while India will need to create 70 million jobs over the next decade, it will only end up with 24 million. Put simply, India's demographic dividend has turned into a demographic disaster.

Sushant Singh, ‘Fire and Smoke’, Caravan

[foxnangelseo]

Investment Options in India: Diversify Your Portfolio in 2024

Diversification is a fundamental principle of investing, essential for managing risk and optimizing returns. In 2024, as investors navigate an ever-changing economic landscape, diversifying their portfolios becomes even more critical. India, with its vibrant economy, diverse markets, and growth potential, offers a plethora of investment options for both domestic and international investors. In this comprehensive guide, we explore various investment avenues in India in 2024, from traditional options like stocks and real estate to emerging opportunities in startups and alternative assets.

1. Equities: Investing in the Stock Market

Investing in equities remains one of the most popular ways to participate in India's economic growth story. The Indian stock market, represented by indices such as the Nifty 50 and Sensex, offers ample opportunities for investors to capitalize on the country's booming sectors and emerging companies.

- Blue-Chip Stocks: Invest in established companies with a proven track record of performance and stability.

- Mid and Small-Cap Stocks: Explore growth opportunities by investing in mid and small-cap companies with high growth potential.

- Sectoral Funds: Diversify your portfolio by investing in sector-specific mutual funds or exchange-traded funds (ETFs) targeting industries such as technology, healthcare, and finance.

2. Mutual Funds: Professional Fund Management

Mutual funds provide an excellent avenue for investors to access a diversified portfolio managed by professional fund managers. In India, mutual funds offer a range of options catering to different risk profiles and investment objectives.

- Equity Funds: Invest in a diversified portfolio of stocks, including large-cap, mid-cap, and small-cap companies.

- Debt Funds: Generate stable returns by investing in fixed-income securities such as government bonds, corporate bonds, and treasury bills.

- Hybrid Funds: Combine the benefits of equity and debt investments to achieve a balanced risk-return profile.

- Index Funds and ETFs: Track benchmark indices like the Nifty 50 and Sensex at a lower cost compared to actively managed funds.

3. Real Estate: Tangible Assets for Long-Term Growth

Real estate continues to be a popular investment option in India, offering the dual benefits of capital appreciation and rental income. While traditional residential and commercial properties remain attractive, investors can also explore alternative avenues such as real estate investment trusts (REITs) and real estate crowdfunding platforms.

- Residential Properties: Invest in apartments, villas, or plots of land in prime locations with high demand and potential for appreciation.

- Commercial Properties: Generate rental income by investing in office spaces, retail outlets, warehouses, and industrial properties.

- REITs: Gain exposure to a diversified portfolio of income-generating real estate assets without the hassle of direct ownership.

- Real Estate Crowdfunding: Participate in real estate projects through online platforms, pooling funds with other investors to access lucrative opportunities.

4. Startups and Venture Capital: Betting on Innovation and Entrepreneurship

India's startup ecosystem has witnessed exponential growth in recent years, fueled by a wave of innovation, entrepreneurial talent, and supportive government policies. Investing in startups and venture capital funds allows investors to participate in this dynamic ecosystem and potentially earn high returns.

- Angel Investing: Provide early-stage funding to promising startups in exchange for equity ownership, betting on their growth potential.

- Venture Capital Funds: Invest in professionally managed funds that provide capital to startups and emerging companies in exchange for equity stakes.

- Startup Accelerators and Incubators: Partner with organizations that support early-stage startups through mentorship, networking, and access to resources.

5. Alternative Assets: Diversification Beyond Traditional Investments

In addition to stocks, bonds, and real estate, investors can diversify their portfolios further by allocating capital to alternative assets. These assets offer unique risk-return profiles and can act as a hedge against market volatility.

- Gold and Precious Metals: Hedge against inflation and currency fluctuations by investing in physical gold, gold ETFs, or gold savings funds.

- Commodities: Gain exposure to commodities such as crude oil, natural gas, metals, and agricultural products through commodity futures and exchange-traded funds.

- Cryptocurrencies: Explore the emerging asset class of digital currencies like Bitcoin, Ethereum, and others, which offer the potential for high returns but come with higher volatility and risk.

Conclusion

Diversifying your investment portfolio is essential for mitigating risk, maximizing returns, and achieving long-term financial goals. In 2024, India offers a myriad of investment options across various asset classes, catering to the preferences and risk profiles of different investors.

Whether you prefer the stability of blue-chip stocks, the growth potential of startups, or the tangible assets of real estate, India provides ample opportunities to diversify your portfolio and capitalize on the country's economic growth story. By carefully assessing your investment objectives, risk tolerance, and time horizon, you can construct a well-diversified portfolio that withstands market fluctuations and delivers sustainable returns in the years to come.

This post was originally published on: Foxnangel

[neelnetworks]

How Indian Startups are Revolutionizing Web Design

[accteezindia]

Call: +91-8860632015 For UDYAM / MSME Registration

[bongboyblog]

Kothacitro

The art of Kotha and Citro, in this digitalized world why not make gifting digital as well with the touch of the old days?

With our digital painting services, you can store your precious memories in the form of art filled with any colors you like.

Not everyone can express themselves through words, and we heard you - our poets with their cascade of words and expressions can help you with personalized poems for special occasions for their special ones or simply for their own enjoyment.

In this rat race world where it is hard to find time for oneself and where we are always trying to reach the tip of success - we tend to lose human touch and become robots. Give yourself some time and speak your mind with the help of our listening services- we at kothacitro hear you and can understand you.

Visit us at: https://kothacitro999.wixsite.com/kothacitrostore

[atomxmedia]

Indian Startup Ecosystem: A Weekly Roundup Of Top News June 3rd — June 10th, 2024

The Indian startup ecosystem is dynamic and ever-changing. Keeping up with the newest advancements, financing rounds, and scandals can be challenging. To keep you informed, here is a roundup of the most recent news headlines from the Indian startup ecosystem from June 3rd to June 10th, 2024.

NPCI Takes UPI Global with Peru Partnership

The National Payments Corporation of India (NPCI) is spreading its reach outside India’s boundaries. This week, NPCI International struck a major agreement with Peru’s Central Reserve Bank to create a digital payments system akin to India’s very successful Unified Payments Interface (UPI). Peru becomes the first South American country to use a UPI-like system in an effort to minimize dependency on cash transactions and boost financial inclusion for its inhabitants. This agreement is intended to considerably improve Peru’s digital payment infrastructure, hence promoting economic growth and financial accessibility.

Mamaearth Faces Social Media Squall, Ghazal Alagh Responds

Mamaearth, a well-known Indian personal care company, was the target of a social media firestorm this week. Aditi, a platform X user, created a series of reviews condemning Mamaearth products’ effectiveness. The tweet, which received over 1.4 million views, prompted a controversy online. Ghazal Alagh, Mamaearth’s co-founder, responded directly to the criticism on social media. Alagh denied the charges, implying that the reviewer may have “woken up with a lot of hate,” and offered to help her with any specific product issues. The debate has sparked a discussion regarding product quality and influencer marketing strategies, with many people sharing their personal experiences with Mamaearth.

ixigo Gears Up for IPO, Eyes Growth in Online Travel Market

Excellent news for online travel fans! ixigo, a renowned online travel operator, plans to undertake its initial public offering (IPO) on June 10th. The IPO would sell shares between Rs 88 to Rs 93, with a fresh sale of Rs 120 crore and an offer-for-sale component of up to Rs 620.10 crore. The cash raised will be used to increase the company’s working capital, invest in cloud infrastructure, and investigate prospective acquisitions. Market analysts are bullish on ixigo’s development prospects, citing the rising need for online travel booking services, particularly in the post-pandemic environment.

SEBI Tightens IPO Disclosure Norms for Faster Approvals

The Securities and Exchange Board of India (SEBI), the country’s market regulator, has issued a new set of regulations aimed at streamlining the IPO approval process and increasing transparency. SEBI has introduced 31 new disclosure rules for companies seeking an IPO. These improvements are designed to speed up the approval process and align India’s IPO standards with global best practices. This measure is likely to strengthen investor trust in the Indian market while also increasing overall market efficiency. SEBI thinks that by expediting the process, more companies will view IPOs as a viable fundraising alternative.

Baron Capital Makes Bold Valuation Calls: Swiggy Up, BYJU’S Down

Investment firm Baron Capital sent shockwaves through the Indian startup ecosystem this week with its revised valuations for two major players: Swiggy and BYJU’S. Baron Capital significantly increased Swiggy’s valuation by 25%, reaching $15.1 billion. This upward revision reflects Swiggy’s growing market share and profitability in the hyper-competitive food delivery sector. Conversely, Baron Capital slashed BYJU’S valuation by a staggering 99%. This drastic move highlights concerns about BYJU’S post-pandemic business momentum, suggesting a significant slowdown in growth. The contrasting valuations by Baron Capital underscore the changing dynamics within the Indian startup landscape. While Swiggy capitalizes on rising demand, BYJU’S struggles to maintain its once meteoric growth trajectory in the edtech space.

Read more: Marketing News, Advertising News, PR and Finance News, Digital News

[paikasoft-technologies]

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[entrackrme]

Scapia raises $23 Mn led by Elevation and Binny Bansal’s 3STATE Ventures

Fintech firm Scapia raised $23 million in its Series-A funding round led by Elevation Capital and 3STATE Ventures. The round also saw participation from its existing investors, Matrix Partners India and Tanglin Venture Partners.

With the new capital, Scapia will continue to grow its customer base, add more banking partners and further strengthen its product suite, the company said in a release.

Entrackr was the first to report about Scapia’s new funding round in September.

Founded by Anil Goteti, Scapia turns a customer’s everyday expenses into travel rewards with its co-branded card. It provides rewards, including a zero-forex markup, unlimited domestic lounge access without any joining and annual fees.

If you want to get complete information related to this topic click HERE.

[indian-business-times]

How the Metaverse is Transforming Entertainment: Insights from Vibhu Agarwal of Atrangii TV

The Metaverse is revolutionizing the entertainment industry, offering new possibilities for filmmaking, television, and digital media. Vibhu Agarwal, Founder and CEO of Atrangii TV, highlights how this virtual space is reshaping content creation, allowing scenes shot in reality to be projected into the Metaverse while enabling virtual production using avatars.

With rapid technological advancements, the entertainment sector is embracing digital transformation at an unprecedented pace. The pandemic further accelerated this shift, prompting businesses to explore innovative ways to engage audiences. The Metaverse is emerging as a digital twin of the real world, integrating virtual reality (VR) and augmented reality (AR) to enhance audience experiences.

Indian entertainment companies are already leveraging the Metaverse. Pooja Entertainment, for instance, has purchased virtual land for future productions, marking a new era in filmmaking. The Metaverse’s impact was also evident when the trailer of Prabhas' film Radhe Shyam attracted two lakh viewers within minutes, crashing the servers.

As the digital landscape evolves, the Metaverse is set to redefine entertainment. Stay updated with the latest trends in media, technology, and business at Indian Business Times, your go-to source for industry insights.