Venture capital (VC) and private equity (PE) funding for Indian startups in the artificial intelligence sector has seen a dramatic decrease with deal sizes shrinking, notwithstanding the buzz around the country's potential as a major AI hub. Data from research agency Traxcn, which tracks PE/VC investments, shows that total funding for AI startups in India, which started with a bang in 2022 at $599 million, dropped sharply in 2023 to $168.4 million - a decrease of over 71 per cent.
India's share of total global venture capital (VC) funding fell to 2.9 per cent in calendar year 2023 (CY23) - the lowest since CY19 - reaching $7.3 billion as most startups struggled to raise money without compromising on their earlier valuations. Based on global data by CB Insights on VC funding, funding to Indian startups fell by nearly a third compared to CY22 when it hit $20.6 billion and accounted for 4.8 per cent of the global figure. While the data shows that the world had 71 new unicorns (21 in Asia), India contributed only two of them, as compared with CY22 when it had 22.
In the video, Arvind Kejriwal, the Aam Aadmi Party (AAP) national convenor, is seen addressing a trial court.
A day after her remarks during a lecture in which she had said that anthropologically Gods do not belong to the upper caste, Jawaharlal Nehru University Vice Chancellor Santishree Dhulipudi Pandit said it is to the credit of Hinduism that great dissenters from Gautam Buddha to Dr B R Ambedkar are celebrated.
2018 recorded a strong uptick in start-up investments on the back of some mega deals and was the best year for the sector, surpassing the previous high of $4.8 billion in 2015.
Since the Centre tightened the Press Note 3 norms in April last, as many as 150 private equity/venture capital investment applications from China and Hong Kong are pending with the government, starving the country's start-up ecosystem of funds, says a report. The Press Note 3 (PN3) changes were effected in April, restricting foreign direct investment from countries that share land borders with India. Analysts are of the view that the move was primarily aimed at China as lot of private funds were investing billions into domestic companies.
Sometimes it's an advantage: Smriti Mandhana on the absence of head coach
'We want to look at very strong entrepreneurial teams.' 'I want to focus on a full team and not just the entrepreneur, which is building innovative and amazing differentiated businesses in large markets.' 'We also look at business models that are proven and have reasonably good gross margins, which show that this is where a lot of value is getting built.'
Amid growing demands for his resignation, Kumar told the MHRD officials that efforts were being made to facilitate semester registration for 'willing' students.
Injured Jason Holder replaced by Obed McCoy in West Indies squad for T20 World Cup
According to the IVCA-EY report, July recorded 10 large deals worth $3.1 billion compared to 13 large deals worth $7.1 billion in July 2019.
SL executed their plans well against the Indian batters, who are not the cleverest performers on rank turners, while not many are though.
Punjab Health Minister Chetan Singh Jouramajra has come under fire from several quarters after he was seen forcing the Vice Chancellor of Baba Farid University of Health Sciences (BFUHS) to lie on a dirty mattress at a hospital.
The BJP has dropped C T Ravi, a leader from Karnataka, Dilip Saikia, a Lok Sabha MP from Assam, as its general secretaries, and Vinod Sonkar, Harish Dwivedi, both Lok Sabha MPs from Uttar Pradesh, and Sunil Deodhar as secretaries.
A university in Ujjain in Madhya Pradesh has set up a probe panel following complaints of some students that a professor was propagating Islam and harassing Hindu students, a senior varsity official said on Monday.
Despite the $11.7 billion raised by Reliance Industries Ltd (RIL) through stake sales, venture investments in 2020 have declined by a fifth to $28.9 billion till September, consultancy firm EY said in a report on Thursday. Since mid-March, coronavirus infections started getting reported in the country, which has now become the second highest globally in terms of numbers. The lockdowns severely dented economic activity, leading to a 23.9 per cent contraction in the gross domestic product (GDP) for the April-June period and expectations of a 9.5 per cent contraction by the Reserve Bank of India (RBI) for 2020-21.
More than eight years after Carlos Brathwaite's four sixes at Eden Gardens gave them their second T20 world title, a wounded West Indies will look to redeem themselves at home when they begin their campaign in the event's ninth edition by taking on Papua New Guinea, in Georgetown on Sunday.
Overall market reaction to the Budget was neutral. Investors absorbed the changes to the tax rates (positive for salaried class) and capital gains taxes (CGTs, negative due to the removal of indexation and increases. Other proposals largely pertain to supporting rural development, buybacks taxed as dividends, Custom duty changes that impact multiple sectors, higher outlays for clean energy, etc. There's some moderation in the growth of capex outlay across defence, fer
The Gautam Gambhir-led Indian team management has an opportunity to decide who among KL Rahul and Rishabh Pant will be India's long-term first-choice wicketkeeper-batter in ODIs
The quarter also saw exits worth $1.9 billion across 37 deals, 59 per cent higher YoY. This was driven by one of India's largest PE-backed IPO exit, the $1-billion partial exit by Carlyle in the SBI Cards IPO.
Investments by private equity and venture capital funds declined by 44 per cent to $3.7 billion in February compared to the same period a year ago, a report said on Monday. The bets by the long-term investors were 13 per cent lower when compared to the investments in the preceding month of January, the report by industry lobby Indian Venture and Alternate Capital Association and consultancy firm EY, said. "...rising global recession concerns, increasing cost of capital and mismatch in valuation expectations between sellers and investors are turning out to be major impediments in the deployment of capital," EY's partner Vivek Soni said.
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.
'In the next 15-20 years, India will have at least 50 new (AI-driven) billion-dollar companies that are going to solve problems for the largest companies around the world.'
England will be keen to overcome a lack of ideal preparation due to rain and hit the ground running when they face Scotland in their T20 World Cup opener
A student rejected the allegation and said they were allegedly manhandled by the security personnel.
Veteran opening batter Paul Stirling was on Wednesday named Ireland skipper in their 15-member squad for the upcoming T20 World Cup in West Indies and USA.
The matter come to light when Divyanshu Singh, a former student of the university, sought information under the Right to Information Act after coming to know about some students of first and second semester of the D Pharma course were passed in a test despite writing wrong answers.
Shreyanka Patil, Mannat Kashyap, Saika Ishaque and Titas Sadhu were on Monday included for the first time in the Indian women's ODI squad for the upcoming limited overs assignment against Australia.
The tide of startup-funding is turning in India, with a rising trend of overall funding while the deal sizes grow bigger. However, the spotlight now is on late-stage startups, many of which are seen to be headed for initial public offerings (IPOs). Record surge in stock markets and consistently improving performances of listed startups are understood to have turned the sentiment for the better, especially for those that exhibit a clear path to an IPO.
Jadavpur University students will settle for nothing less than Vice Chancellor Abhijit Chakraborty's exit for letting loose political goons and Rapid Action Troops on peaceful protesters in the campus. Indrani Roy reports
Mid-fielder Salima Tete on Thursday replaced veteran goalkeeper Savita Punia as captain of the 24-strong Indian women's hockey squad for the Belgium and England legs of the FIH Pro League starting later this month.
Continuing their protest against the controversial four-year undergraduate programme in Delhi University, members of various student bodies today held demonstrations outside the residence of the vice-chancellor, demanding immediate rollback of Four Year Undergraduate Programme.
In a big blow to the Indian team, the hosts will miss Ravindra Jadeja and KL Rahul for the second Test against England.
KS Bharat has been named as his replacement.
'Ideally, one should not time SIPs.' 'If people churn their SIP portfolios, then they are equating the concept of SIPs to lump sums.'
The ongoing tussle between the Nitish Kumar government and the Raj Bhavan further escalated with the Bihar education department inviting applications for the post of vice-chancellors (VC) in different universities days after Governor (Chancellor) Rajendra Vishwanath Arlekar's secretariat issued a similar advertisement.
Ahead of the ICC Men's ODI World Cup 2023, here's a full list of the final squads of all ten teams.
Mumbai University Vice-Chancellor Rajan Welukar was on Thursday directed to abstain from attending the office and discharging his duties as the VC with immediate effect, a few months before his retirement.
Referring to the ED's claim about the politician eating mangoes, sweets, aalo-poori etc regularly, he said these were provided to him only a few times.
Shravin Mittal's venture capital firm, Unbound Advisors, has made investments worth over $500 million so far
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