Fewer fintech startups incorporated in 2023, 72% decline since 2021, 55% YoY: Report
This does not reflect the data for startups with less than 10 employees or do not have a website or LinkedIn page.
This does not reflect the data for startups with less than 10 employees or do not have a website or LinkedIn page.
These are the lowest funding numbers since 2018 when the startups in India raised Rs 1,00,930 crore.
WFC has invested in a total of 207 deals across 162 startups within three years of operations.
The Union Ministry of Mines announced on Wednesday that it has decided to fund research and innovation in startups and MSMEs in the mining, mineral processing, metallurgy and recycling sector (S&T-PRISM) and has brought out guidelines for the scheme.
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Deputy Chief Minister of the state Dushyant Chautala, who also holds the portfolio of industries and commerce department, said the state government has budgeted for a venture capital fund of Rs 200 crore to support young people starting businesses.
This is essential not only for sustaining the startups in the long run by linking them with a livelihood but also for bringing about value addition to the Indian Industry as per the contemporary global benchmarks, Jitendra Singh said.
India and Lithuania on Tuesday agreed to work in the areas of deep tech startups as well as forge lasting ties in manufacturing of semiconductor chips.
The Startup Incubation and Innovation Centre (SIIC), IIT-Kanpur, is one of the oldest incubators in the country.
The Accelerator Program was launched on January 16 last at IIT Kanpur’s Outreach Centre, in Noida, Uttar Pradesh.