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.
But, majority might be left out, as only those investing in entities recognised by the government could qualify
India emerges as a top destination to set up incubators for global firms
There are around 4,500 tech-based start-ups in India.
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.
'It was the early days of my 5th standard school vacation, and my mother asked me, 'Robotics classes or swimming classes for the weekends?' I chose robotics classes because technology fascinated me.'
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.
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.
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.
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.
We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.
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.
According to experts, the banning of the apps has created negative sentiments and reduced the confidence among the Chinese investors to invest in India.
Nasscom is sending team there to check out ways of accessing markets, funding and the technology landscape.
From $10 billion deployed in Indian start-ups in 2017, $6 billion went to unicorns
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.
Start-ups such as Max Wholesale, Jumbotail and ShopKirana are helping them place orders, maintain inventory, optimise delivery routes and make payments, all digitally.
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
We have the workforce, now we need to ensure that we take full advantage of game-changing technologies and geopolitical openings, suggests Jayant Sinha, chairman, Parliament's Standing Committee on Finance.
Did you know that 80 per cent start-ups shut shop in the first three years?
'20 per cent of the global AI researchers are of Indian origin, and we should bring them back.'
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.
'Volumes in F&O trading had gone up rapidly and, in a way, the increase in STT on F&O will protect investor interest.'
It quickly went from being a darling of investors to a liability
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.
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.
'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.
What are the reasons why a girl's education falls by the wayside? Why was Safeena a casualty too? Maybe because the education system doesn't give youngsters enough options? Or there are societal issues or pressures?
'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.'
In the past few days, many companies, including fashion e-tailer Nykaa, food delivery platform Zomato, logistics and delivery firm Delhivery, insurance discovery platform PolicyBazaar, eyewear retail chain Lenskart, and edtech and online tutoring firm Byju's, have openly spoken about their IPO plans.
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.
There were fewer Series-B deals this year versus last, but more money was raised
Vogo, which has a fleet of over 12,000 vehicles mainly across Hyderabad, Mysuru and Bengaluru, is also betting big on India's growing traffic congestion.
