Adani Defence & Aerospace has entered into definitive agreements for acquiring 50 per cent equity stake in agricultural drone startup General Aeronautics for an undisclosed amount. Bengaluru-based General Aeronautics specialises in developing robotic drones to offer tech-enabled crop protection services, crop health monitoring, precision farming and yield monitoring services using artificial intelligence and data analytics.
While industry is upbeat, start-ups in the space sector are finding it difficult to cater to the demand due to a lack of funding, issues related to policy like foreign funding, intellectual property, etc, and a lack of support in testing.
The company has been a part of the start-up ecosystem in a big way from early stages right up to when the companies start achieving full scale.
While Team Indus had backing from Nandan Nilekani, Ratan Tata and Flipkart founders Sachin and Binny Bansal, it could not even muster half of the Rs 4.5 billion it required for the mission to the moon.
India-France synergy is poised to open vistas of collaboration between the two countries, notes Rup Narayan Das.
There are around 4,500 tech-based start-ups in India.
India emerges as a top destination to set up incubators for global firms
But, majority might be left out, as only those investing in entities recognised by the government could qualify
Indian tax laws offer start-ups ways to save taxes.
In 2014, the country witnessed 800 new companies starting up, taking the total number of start-ups to 3,100, Nasscom said.
Here's how you can keep yourself and your team high on confidence.
Foreign money has been pouring into India's fast-growing e-commerce sector, with investors ranging from Japan's Softbank Corp to Singapore's Temasek Holdings.
Non-engineers have been tagged as a less creative breed of students.
However, seed-stage deals have shrunk less this year than VC rounds.
'Our brothers and sisters are headed to Paris, hungry for medals. A billion of us will be watching them nervous and excited as our athletes set foot in the tracks and fields and courts and rings.'
Out of 24,230 IIT and NIT grads, about 8,000 students didn't find any takers during campus placement drives this year.
Here stood a man who embodied the legacy of whatever Brand Tata stood for, embellished it, and departed into the long night, leaving the brand legacy for others to further enrich, notes R Gopalakrishnan.
Technology infrastructure solves many problems, but it cannot build roads or bridges and provide clean water. However, such activities are essential for human progress, and their creation provides jobs, says R Gopalakrishnan.
Nasscom is sending team there to check out ways of accessing markets, funding and the technology landscape.
Amazon, Google, Apple and Facebook are both a boon and a bane for angel investors, VCs as well as start-ups. If the Big Tech companies get broken up and their powers to acquire get significantly curbed therefore, the whole ecosystem will need to change, says Prosenjit Datta.
Invests $50 mn in 11 entities in just over a year, commits $25 mn more; prefers putting money in firms trying to solve India-specific problems
From $10 billion deployed in Indian start-ups in 2017, $6 billion went to unicorns
According to experts, the banning of the apps has created negative sentiments and reduced the confidence among the Chinese investors to invest in India.
Did you know that 80 per cent start-ups shut shop in the first three years?
The setting up of STEAG is part of the Army's efforts to develop technologies considering the future battlefield, they said.
Banking technology start-up Zeta is the latest entrant to the unicorn club after raising $250 million in its Series C round from SoftBank Vision Fund 2. Sodexo participated as an additional minority investor in the round. Founded by serial entrepreneur and billionaire Bhavin Thurakia, the startup is now valued at $1.4 billion. It is the 14th company this year to cross the $1 billion valuation mark after Meesho, Cred, Pharmeasy, ShareChat, Moglix and others.
Start-ups such as Max Wholesale, Jumbotail and ShopKirana are helping them place orders, maintain inventory, optimise delivery routes and make payments, all digitally.
Fintech firm MobiKwik on Monday filed a draft red herring prospectus (DRHP) with the markets regulator, Securities and Exchange Board of India (Sebi), for its initial public offering (IPO). According to its DRHP, the company plans to raise Rs 1,900 crore, which includes a fresh issue of Rs 1,500 crore and an offer for sale of Rs 400 crore. The selling shareholders include American Express Travel, Bajaj Finance, Cisco Systems and Sequoia Capital India, besides founder Bipin Preet Singh. MobiKwik is the latest among tech majors wanting to list on stock exchanges. Food delivery start-up Zomato will launch its IPO on Wednesday.
The country will witness a mushrooming of technology start-ups over the next five years.
With a modest workforce of 1,200, the 2007 start-up is already taking business from its bigger, established rivals, winning outsourcing contracts from leading US mortgage companies.
It quickly went from being a darling of investors to a liability
His tryst with investing in start-ups began when his juniors started approaching him for guidance and capital.
Conflict happens in start-ups. It happens more often than we imagine, because not all conflicts come to light, says well-known Indian American venture capitalist, Desh Deshpande.
India needs to invest a lot more money in science research and translate this research into products and solutions for its people, says trustee at the Infosys Science Foundation and co-founder at Infosys Kris Gopalakrishnan.
'There is little point in getting adoption without profit sustainability or the converse.' 'This is the dilemma that many Indian innovators face,' says R Gopalakrishnan.
Lauding India's ambitious space programme, The New York Times has said the country, currently witnessing an 'explosive' growth in space-tech start-ups, is set to 'transform the planet's connection to the final frontier' and can emerge as a 'counterweight' to China.
'As they grow bigger, the trail of their pioneering success often leaves behind a causticity marked by deficient human resource practices, negligible focus on corporate governance and rife sexism.'
Venture capital investments in India's start-ups nearly halved to $1.5 billion in fourth-quarter 2015
Large manufacturers are investing in small companies to get a peek into their R&D. Alnoor Peermohamed and Anita Babu report.
A single security lapse could lead to complete wipe out of your crypto assets in seconds, with no recovery in sight, warns Nikhil Sethi.
