TL;DR:
This article covers multiple developments in the Indian start-up ecosystem. Here are some key points:
- DMI Group acquires BNPL fintech ZestMoney in a distress sale deal.
- The ‘UK-India Emerging Tech Exchange Programme’ selects 10 start-ups to drive AI and semiconductor innovation in India.
- FinBox and Capital Now partner to speed up digital underwriting by 40%.
- Infosys to acquire InSemi, a semiconductor design services provider.
- Byju’s refers a dispute with BCCI for arbitration to settle amicably.
- Telangana secures top performer position at DPIIT State Start-Up Ranking.
- Jeh Aerospace raises $2.75 million in seed round funding from General Catalyst.
- Professional social media platform Medial raises $120,000 in its pre-seed round.
- Cleantech INDRA raises $4 million Series A from Mela Ventures and Emerald Technology Ventures.
- Nazara Technology completes fund raise of Rs. 750 crores and acquires 10.77% stake in influencer platform Kofluence.
- Government’s AI-Warehouse pilot project aims to cut onion wastage.
- RBI strikes a bold stance with SRO for fintech to foster responsible innovation.
- Productivity is about optimizing the time employees spend at work, says Derek Laney from Slack Technology.
- CoinDCX lost nearly 90% of trading volume due to a 30% tax on cryptocurrency trades.
- Amazon faces labor rights issues in India.
- India needs large-scale product manufacturing to occupy 30% of the economy.
- The deep tech ecosystem in India struggles to attract investment.
This article provides a comprehensive overview of various developments in the Indian start-up ecosystem. These include acquisitions, partnerships, funding rounds, and government initiatives. It highlights the growth and innovation happening in sectors like fintech, AI, semiconductor, edtech, and cleantech. The article also discusses challenges and opportunities faced by start-ups in India.
