Founders of 28 Indian new-age startups took home Rs 284 crore as salary in FY24
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.
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.
The Indian startup ecosystem saw its cumulative funding reach $250 million across 18 deals this week, a significant 72 per cent increase.
The Indian startup ecosystem bounced back this week in terms of raising funds, clocking more than 226 per cent surge with securing around $596 million in total.
A Kerala-based startup, Farmers Fresh Zone (FarmersFZ), has been selected for the Accelerator Programme by the Food and Agriculture Organisation (FAO) of the UN.
The Prime Minister said that the Rashtriya Rozgar Mela shows the government's commitment towards uplifting youth spirit and giving them employment opportunities.
Even as detecting cancer early remains key, a Gurugram-based startup PredOmix has developed a novel blood test that can detect about 32 cancers in both men and women, with 98 per cent accuracy.
Mozilla, the developer of the Firefox Internet browser, has introduced a new startup called Mozilla.ai, which the company hopes "will build a trustworthy and independent open-source AI ecosystem".
Shri Dinesh Khara, Chairman SBI said that the primary aim of this branch is to provide end-to-end support to startups at every stage of their journey starting from the formation of the entity till IPOs and FPOs of the companies.
