BharatPe: The coming of age story for Indian startups | OPINION
2 years, 9 months ago

BharatPe: The coming of age story for Indian startups | OPINION

India Today  

The past few years have put the spotlight on the phenomenal wealth creation by a tribe of businesses called “startups”. The issue has come to prominence due to the governance related matters of BharatPe, a phenomenal financial technology or fintech startup, that pushed the creation of unified QR codes for UPI based payment acceptance, and forced the QR code-based payment framework to make payment acceptance free for merchants. To put the issues in context, we have seen similar conflicts erupting globally in fast-growing startups such as WeWork, where investors and the board had to intervene when they believed the founder and CEO’s actions were not aligned to the interest of the stakeholders. BharatPe’s corporate governance kicked in to bring in external investigators of repute that seemed to have uncovered certain aspects of how the company was being run, that were not aligned to the interest of the stakeholders and were unacceptable to the investors. And when required, the investors and board need to act decisively in the interest of the large number of stakeholders of the company, be it a startup or a well-established company.

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History of this topic

ABP Live Future Forward Startup Conclave 2024: Founders Discuss The Journey Of Building A Brand
6 days, 13 hours ago

ABP Live Future Forward Startup Conclave 2024: Founders Discuss The Journey Of Building A Brand

ABP News  

ABP Live hosted the maiden ‘Future Forward Startup Conclave 2024’ on Tuesday in New Delhi. Other dignitaries who were honoured in the summit included Vinay Bansal, Founder, Inflection Point Ventures, Sachin Salunkhe, Chairman and MD, Blackhat Syndicus, Vikram Gupta, Founder and Managing Partner, IvyCap Ventures, Chandrasekhar Nandigama, Director, Jivoule Biofuels, and Author Vinay Bansal. It included various panel discussions on …

ABP Live Future Forward Startup Conclave On Dec 17 To Showcase India’s Entrepreneurial Spirit
1 week, 4 days ago

ABP Live Future Forward Startup Conclave On Dec 17 To Showcase India’s Entrepreneurial Spirit

ABP News  

New Delhi: India is the world’s third-largest startup ecosystem, with 1.25 lakh startups, 110 unicorns, and transformative innovations taking place across industries. With groundbreaking contributions across industries like fintech, healthcare, and technology, India’s entrepreneurial ecosystem has emerged as a global powerhouse, and initiatives such as Startup India and Atmanirbhar Bharat have played a pivotal role in fostering this growth, driving …

Public procurements may come with startup quotas
3 weeks ago

Public procurements may come with startup quotas

Live Mint  

Top central ministries are discussing a proposal that may mandate public sector units to purchase 10% of their requirements from startups, two people aware of the development said. Some of India's ongoing efforts to encourage startups sector include the Startup India seed fund initiative and Atal Innovation Mission. This initiative not only provides a platform for startups to showcase innovative …

India’s startup scene is picking up speed again
1 month, 1 week ago

India’s startup scene is picking up speed again

Hindustan Times  

Visitors to Bangalore, India’s tech hub, quickly learn why locals measure distances in minutes and not kilometres. India’s startup scene has had a difficult few years, as funding dried up and once high-flying firms crashed back down to earth. In January the banking arm of Paytm, an Indian fintech giant, was ordered by India’s central bank to stop all services …

Start-up India to move out of Invest India’s ambit: Goyal
3 months, 1 week ago

Start-up India to move out of Invest India’s ambit: Goyal

The Hindu  

Commerce and Industry Minister Piyush Goyal on Monday announced the Centre’s Start-up India initiative will be moved out of the aegis of the official investment promotion and facilitation agency Invest India, to a new non-profit company that could also house the National Start-up Advisory Council. “I took a decision a few days back… Let us create a company, under Section …

India marks 1.4 lakh registered startups, Maharashtra tops list followed by Karnataka, Delhi
4 months, 3 weeks ago

India marks 1.4 lakh registered startups, Maharashtra tops list followed by Karnataka, Delhi

New Indian Express  

NEW DELHI: The number of startups in India has increased to more than 1.4 lakh, highlighted Union Minister of State for Commerce and Industry, Jitin Prasada, in Rajya Sabha. He stated that the Government, to build a strong ecosystem for nurturing innovation, startups, and encouraging investments in the startup ecosystem of the country, launched the Startup India initiative on January …

India’s startup growth to pave way to developed nation by 2047: PM Modi
9 months ago

India’s startup growth to pave way to developed nation by 2047: PM Modi

Live Mint  

India has emerged as the world's third-largest startup ecosystem, a development that Prime Minister Narendra Modi believes will chart the country's course towards becoming a developed nation by 2047. In the field of Intellectual Property Rights, India is moving towards becoming the leading country among the top countries.” The Startup Mahakumbh was organized in collaboration with various entities, including Assocham, …

Art of a Good Unicorn | Startup founders, unlock golden opportunities through PE-VC investments
11 months ago

Art of a Good Unicorn | Startup founders, unlock golden opportunities through PE-VC investments

Hindustan Times  

In recent times, it feels like we're standing on a ledge combining innovation and risk. In H1 2023, India’s PE-VC investments were said to hit about $21 billion, compared to $40 billion during the corresponding period last year, according to a report by Bain and Company. Despite global slowdown, PE-VC investments continued to trend in India in 2023 But in …

National Startup Day: Visionaries speak on new ventures’ role in driving growth
11 months, 1 week ago

National Startup Day: Visionaries speak on new ventures’ role in driving growth

Live Mint  

National Startup Day: In recent years, Indian startups have experienced extraordinary growth, propelling the country to the position of the third-largest startup ecosystem globally. Celebrating National Startup Day on January 16, key figures in the startup ecosystem shared insights on the crucial role the new ventures played in shaping India's future. India recorded over 112,718 DPIIT-recognised startups spanning 763 districts …

For start-ups, ethics and values will define legacy
1 year, 1 month ago

For start-ups, ethics and values will define legacy

Hindustan Times  

Over the past decade, the Indian start-up ecosystem has witnessed a remarkable transformation. Indian start-ups have achieved impressive milestones with over 100 unicorns including companies such as Flipkart, Ola, Paytm, and Zomato and garnering substantial attention. It’s also interesting to note that Indian entrepreneurs have not only excelled domestically but have expanded their operations internationally, making India a global player …

How Indian startups are contributing to India’s $5 trillion economy goal?
1 year, 2 months ago

How Indian startups are contributing to India’s $5 trillion economy goal?

Live Mint  

Indian startups have witnessed remarkable growth in recent years, with the country emerging as the third-largest ecosystem for ventures globally. In 2022, Indian startups attracted a whopping $42 billion in funding, a substantial leap from the previous year's $16 billion which underscores their pivotal role in India's aspiration to achieve a $5 trillion economy goal. India will soon become a …

The Art Of A Good Unicorn| Unwrapping the prolonged funding winter
1 year, 4 months ago

The Art Of A Good Unicorn| Unwrapping the prolonged funding winter

Hindustan Times  

Once dominated by unicorns, the Indian startup scene is now grappling with a prolonged funding winter, stricter diligence on fresh investments and down rounds if the latest deal data is anything to go by. Despite the significant dry powder earmarked for Indian start-ups, the ecosystem reported the lowest six-month funding trends in the last four years during H1 CY23 at …

Startups in India will increase by 10 times in next 4-5 years: Rajeev Chandrasekhar
1 year, 5 months ago

Startups in India will increase by 10 times in next 4-5 years: Rajeev Chandrasekhar

India TV News  

Startups in India: Startups and unicorns in India will witness substantial growth in the coming 4-5 years, and startups will increase by 10 times, Union Minister of State for Electronics and IT Rajeev Chandrasekhar said. In his address at the JIIF 6th Foundation Day and Investors/Startup Conclave in Hyderabad, he highlighted India's remarkable progress in building unicorns and startups, and …

Starting your own business? These govt schemes can support your startup in India
1 year, 6 months ago

Starting your own business? These govt schemes can support your startup in India

Live Mint  

In this era of startups, India is leading the world as the country has created a robust ecosystem for businesses and entrepreneurs. List of schemes launched to help Indian startups 1) Multiplier Grant Scheme: The Department of Electronics and Information Technology initiated the Multiplier Grant Scheme to empower collaborative research and development among industries which helps to boost the growth …

Indian startups set for more pain as funding crunch worsens
1 year, 8 months ago

Indian startups set for more pain as funding crunch worsens

Live Mint  

A funding squeeze at Indian startups that has already led to layoffs and delayed stock listings is set to worsen as investors reckon with stretched valuations and faltering consumption growth, likely laying the ground for industry consolidation. The prospect of fast rising consumption both offline and in India's digital space helped many startups clock multi-billion-dollar valuations in recent years, with …

Budget 2023 Expectations: Foster tie-ups between government and stakeholders to support startups
1 year, 10 months ago

Budget 2023 Expectations: Foster tie-ups between government and stakeholders to support startups

Firstpost  

The Indian startup ecosystem has been witnessing an unprecedented boom in the last few years with new businesses emerging in a multitude of sectors. As a result, this year’s Union Budget 2023 is being closely watched by many startups, as they seek measures to support them in overcoming these difficult times. To ensure effective regulation of the rapidly developing startup …

India ideal for start-ups: Kishan Reddy
1 year, 10 months ago

India ideal for start-ups: Kishan Reddy

Deccan Chronicle  

HYDERABAD: Union minister Piyush Goyal on Saturday called for the creation of an international network of mentors, investors and entrepreneurs to strengthen the global start-up ecosystem while his Cabinet colleague G. Kishan Reddy said today’s youth wanted to be job creators instead of job-seekers. They were speaking at the inaugural session of Startup20 — the newest engagement group of G20 …

Data | Indian startups founded in 2021 took only 28 months to go from seed stage to Series A funding: RBI paper
1 year, 10 months ago

Data | Indian startups founded in 2021 took only 28 months to go from seed stage to Series A funding: RBI paper

The Hindu  

A recent article titled ‘What drives startup fundraising in India?’ was published as a part of the January 2023 issue of the Reserve Bank of India’s monthly bulletin. The article also points out that the number of months taken by startups in India to climb up the funding ladder has drastically declined in recent years. Only those entities which work …

BharatPe’s move could trigger a clean-up of startup ecosystem
2 years ago

BharatPe’s move could trigger a clean-up of startup ecosystem

Live Mint  

Fintech unicorn BharatPe has sought up to ₹88 crore in damages from its co-founder and former managing director Ashneer Grover’s wife Madhuri Jain and other family members. ‘World is looking at India as destination for investment’ Chargebee’s backers eye exit at $1.5 bn valuation Why easing inflation can’t offer relief, yet What the Colgate stock needs for sharp upsides The …

Success rate of startups in India higher than in other countries: Piyush Goyal
2 years ago

Success rate of startups in India higher than in other countries: Piyush Goyal

The Hindu  

The government on Wednesday said that the success rate of startups in India was much higher than in other countries of the world, and the number of startups in the country had increased from 452 in 2016 to 84,012 till November 2022. Though I must say, the success rate of startups in India is relatively higher than the rest of …

Here's how startups are changing students' mindsets today
2 years, 2 months ago

Here's how startups are changing students' mindsets today

India Today  

The Indian start-up ecosystem is moving at a scorching pace. Hitherto, more than 57,000 start-ups have been registered and the combined total start-up valuation is close to USD 450 billion. FROM SOUNDBITES TO SUBSTANCES As the center of gravity of the economy is shifting and start-ups are increasingly playing a larger role, the mindset of students is also changing. NO …

Start-up ecosystem: A goldmine of investment opportunities
2 years, 3 months ago

Start-up ecosystem: A goldmine of investment opportunities

Hindustan Times  

The word start-up was added to the layman's dictionary in January 2016 when the Government of India launched the Start-up India initiative. Economic survey 2022 highlighted that at least 14,000 start-ups were recognised by the department for promotion of industry and internal trade in India having at least one new start-up. The convergence of several factors is driving this investment …

75,000 Startups Recognised In India So Far, This is Only Beginning: Goyal
2 years, 4 months ago

75,000 Startups Recognised In India So Far, This is Only Beginning: Goyal

News 18  

Commerce & Industry Minister Piyush Goyal on Wednesday said 75,000 startups have been recognised in India and the startup ecosystem here continues to be fuelled by innovation, enthusiasm and entrepreneurial spirit. India is now home to 75,000 startups in the 75th year of Independence and this is only the beginning,” Goyal said in a tweet on Wednesday. pic.twitter.com/Dh6sVxUnLU — Piyush …

India witnesses a massive 15,400% rise in startups in last 6 years
2 years, 4 months ago

India witnesses a massive 15,400% rise in startups in last 6 years

Live Mint  

India registered a whopping rise of 15,400% in the number of startups that rose from from 471 in 2016 to 72,993 as on 30th June 2022. In a written reply to a question in the Rajya Sabha, Union Minster of State for Commerce and Industry Som Prakash stated that the Startup India initiative was launched in 2016 with the objective …

Start-ups Need to Define their Vision, Focus on India, Not Valuations: Harish Mehta - News18
2 years, 6 months ago

Start-ups Need to Define their Vision, Focus on India, Not Valuations: Harish Mehta - News18

News 18  

Policy Talk is a conversation with thought leaders, writers and policy practitioners. Harish Mehta, a veteran IT stalwart, spoke to K Yatish Rajawat, founder of think tank Centre for Innovation in Public Policy, about his new book ‘The Maverick Effect’, which charts the journey of NASSCOM. Harish Mehta: I’ll go back to say, three years, when I was reading books …

HT Picks; New Reads
2 years, 6 months ago

HT Picks; New Reads

Hindustan Times  

How iconic entrepreneurs got it right Our pick of good reads includes a book on starting a company, a biography of an almost forgotten scientist, and a collection of Indian tales. Startup Compass offers advice on starting and growing a company, shared in a lecture series at IIM Ahmedabad and over extensive interviews by fifteen iconic Indian entrepreneurs. * A …

‘No easy money’: India’s startup boom is giving way to a painful slowdown
2 years, 7 months ago

‘No easy money’: India’s startup boom is giving way to a painful slowdown

Live Mint  

The valuation of Meesho, the Indian e-commerce rival of retail giant Amazon, more than doubled last year to $5 billion, after marquee investors such as SoftBank and Fidelity pumped in hundreds of millions of dollars. They aimed to ride a boom in India's tech startups, which raised a record $35 billion in new funds in 2021, but the tide has …

The Startup India initiative
2 years, 8 months ago

The Startup India initiative

The Hindu  

Anish Tiwari, Colm O’Gorman and Teresa Hogan, ‘The good, the bad, and the ugly of ‘Startup India’ — a review of India’s entrepreneurship policy’, Economic & Political Weekly, Vol, 2021. A research paper from Dublin City University in Ireland, reviewing India’s entrepreneurial policy Startup India, affirmed its positive impact in reducing regional entrepreneurial disparities. Startup India was introduced in 2016 …

Indian startups should build products for the world to sustain wave
2 years, 8 months ago

Indian startups should build products for the world to sustain wave

Live Mint  

Entrepreneurs driving India’s great tech wave should build products for the globe, as they might find it difficult to sustain the wave with only India as their market, feel tech investors and startup founders. “We may have to look at Indian companies actually building global platforms and global businesses as against just only focusing on India for a short- to …

Central Govt Announces First-Ever Startup India 'Innovation Week'
2 years, 11 months ago

Central Govt Announces First-Ever Startup India 'Innovation Week'

News 18  

The Centre will organise the first-ever Startup India “Innovation Week” from Monday to bring together the country’s key startups, entrepreneurs, investors, incubators, funding entities, banks, policymakers, etc under one platform to celebrate entrepreneurship and promote innovation, and to showcase the spread and depth of entrepreneurship across India, an official statement said. According to the Commerce and Industry Ministry statement, the …

Children of Liberalisation: What Budget 2021 Means for a Young Entrepreneur in India
3 years, 10 months ago

Children of Liberalisation: What Budget 2021 Means for a Young Entrepreneur in India

News 18  

Editor’s Note: ‘Children of Liberalisation’ is a News18 series tracking the Union Budget expectations from 30-year-olds across different sectors, from the prism of 30 years of economic liberalisation in India. Under the leadership of our Prime Minster Shri Narendra Modi, many initiatives have been taken to empower startup growth like Start-up India, which will boost entrepreneurship, economic growth and employment …

Indian Startups End 2020 on Strong Note Even as Chinese Investors Dry Up Cash Flow
3 years, 11 months ago

Indian Startups End 2020 on Strong Note Even as Chinese Investors Dry Up Cash Flow

News 18  

Indian startups understandably saw a decline in the amount of money they raised through 2020, as the Covid-19 pandemic and its subsequent impact on Indian and global economies took its toll. According to consultancy firm Tracxn, 2020 marked the first year since 2016 when the total amount of funding raised by startups in India failed to cross the $10 billion …

India is in the middle of a much-needed start-up revolution
4 years, 1 month ago

India is in the middle of a much-needed start-up revolution

Hindustan Times  

Five years since Prime Minister Narendra Modi launched the Start-Up India initiative, we are witnessing a golden chapter in the history of Indian entrepreneurship. India now has 38,756 officially-recognised start-ups –– with 27 unicorns, eight of which achieved this status in 2020 –– and is the third-largest tech start-up hub globally. The Atal Innovation Mission, Niti Aayog, has built an …

India got a solid startup ecosystem due to futuristic vision and decisiveness: Goyal
4 years, 1 month ago

India got a solid startup ecosystem due to futuristic vision and decisiveness: Goyal

Live Mint  

Union Commerce and Industry Minister Piyush Goyal on Tuesday said at an event that futuristic vision combined with decisiveness has provided India with a solid startup ecosystem. Lauding Indian startups for demonstrating high energy and enthusiasm to give many timely and cost-effective solutions, he said “Our hunger for growth is demonstrated by the number of EdTech apps for upscaling & …

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