The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with YES BANK to bolster India’s startup ecosystem.
IN-SPACe has launched Technology Adoption Fund (TAF) scheme for the promotion of the Indian industry, especially start-ups, towards commercialisation of early-stage space technologies, the Rajya Sabha was informed on Thursday.
A recent report on Friday has said that the tech startups co-led by women secured only USD 1 billion in funding in 2024, a 25% year-on-year (Y-o-Y) decline.
At least 30 startups raised $248.87 million in funding last week as the Indian startup ecosystem continues to shine due to strong fundamentals of the economy.
The funding season in the Indian startup ecosystem continued its growth this week as startups cumulatively raised more than $308 million across 24 deals.
Prime Minister Narendra Modi on Thursday underscored the role of Indian startups in solving global challenges while at the same time creating employment opportunities and boosting our quest towards self-reliance.
The Indian startup ecosystem has seen major changes in the last few years and there has been an unprecedented rise in the participation of women entrepreneurs as the funding of female-led startups increased by over 90 per cent in 2024.
A total of 51 founders of 28 Indian new-age startup companies in the country took home Rs 283.5 crore as an annual salary in FY24.
In 2024, the Department for Promotion of Industry and Internal Trade (DPIIT), achieved a range of milestones. These range from Production Linked Incentive (PLI) schemes to boosting startup ecosystems, streamlining logistics, and enhancing FDI inflows.
From just 50 biotech startups in 2014 in India, the ecosystem has grown to nearly 9,000 in the last decade, according to Union Minister Jitendra Singh.
