'There are certain sovereign AI domains where we must build capabilities using our own data, our own language models, and make our own attempts at global models.'
Country's startups are carving a unique path by prioritising local, application-led innovation over the global pursuit of scale.
'If we want to pivot meaningfully from a services-driven economy to a technology and manufacturing-led one.'
'The country is a good test bed for enterprise adoption, but to scale rapidly, companies will need to look outside the country for customers.'
Startup and venture funds on Tuesday cheered the Budget decision on the abolition of angel tax for all investor classes, terming it a "game-changer" that would remove significant barriers in growth and foster a vibrant and dynamic ecosystem. Angel tax refers to the tax that the government imposes on funding raised by unlisted companies, or startups if their valuation exceeds the company's fair market value.
The latest ruling by the Registrar of Companies (RoC) in the LinkedIn Technology Information case for violating significant beneficial ownership (SBO) norms has brought the amended rules into the spotlight. Experts suggest that more entities, particularly multinational companies (MNCs), are expected to face greater scrutiny. "Companies are closely watching this space.
'They have got the advisory council, a CEO has been appointed finally, and they have made some headway on the term loan B.'
Meet Nilima Kalra, 79, Manju Roy, 80, Sumita Maan, 79, and Gurpreet Kaur, 75.
Sriram Krishnan, an Indian-origin technology executive, is "helping out" Twitter's new owner Elon Musk as he revamps the social media giant following its acquisition by the billionaire entrepreneur.
Indian start-ups breathed a sigh of relief after the UK government facilitated the acquisition of the now-defunct Silicon Valley Bank's (SVB's) British arm by HSBC. In a bid to allay fears, the US Federal Deposit Insurance Corporation (FIDC) announced recently that it had transferred all deposits of start-up-focused SVB to a newly created bridge bank and all depositors would have access to their money. President Joe Biden also sought to reassure jittery depositors that they can have confidence that the US banking system is "safe".
Fintech unicorn Razorpay has raised $375 million in the Series F round of funding at a $7.5-billion valuation, making it India's second-most valuable start-up in this space, after Paytm. The company valuation has surged over seven times in 15 months, helping it push Walmart-owned digital payments firm PhonePe to the third spot on the country's most-valuable fintech list. Razorpay's latest round of fundraising was led by Lone Pine Capital, Alkeon Capital, and TCV.
Postman, a leading application programming interface platform, has secured $225 million in a Series D round, placing its valuation at $5.6 billion. With this, Postman has emerged as the most-valued software-as-a-service (SaaS) firm started by Indian founders, overtaking web and mobile testing firm BrowserStack, which was valued at $4 billion in June. The valuation of the San Francisco-headquartered firm with offices in Bengaluru, where it was founded, has almost trebled in just about one year and risen multi-fold since 2019. Postman, with team members spread across four continents, had secured $150 million in a Series C investment round led by Insight Partners at a $2-billion valuation last summer.
The Chinese government is imposing severe restrictions on their tech companies - whether it is on data security, marketing practices or floating an IPO. Should this be music to the ears of Indian start-ups and home-grown private equity (PE) funds? Ask Indian start-ups and the answer is a resounding "yes".
This property has all the hallmarks of being owned and occupied by Vijay Mallya. A fleet of supercars making their way down the drive, hordes of people descending to party all night long and a constant delivery of goods and services.
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.
Parag Saxena, founding general partner and CEO, New Silk Road Partners, speaking on the Indian Union Budget 2009 at Asia Society in New York.
The mind block against online education is crumbling and the demand may be led not just by parents but also teachers.
About 75 India-focused funds have hit the road to raise nearly $50 billion.
Matthew M Smith, managing director, Abbott Capital, says that Indian general partners (GPs) are more willing to talk portfolios, both good and bad, in the initial meetings.
Olympus Capital, UTI's PE arm to fund Rs 400 crore.
Rooney's deal is worth a reported 10 million, meaning he becomes the highest paid player in DC United's history.
New Silk Route's founding general partner and CEO Parag Saxena talks about how he sees 2010.
Microsoft Corporation on Tuesday announced that its Board of Directors has appointed Satya Nadella as Chief Executive Officer and member of the Board of Directors effective immediately.
Anthony Pompliano, general partner at Morgan Creek Capital Blockchain in the Silicon Valley, shares his views on cryptocurrencies with Mayank Jain in an email interview.
Lightspeed Venture Partners, a US-based venture capital firm, on Monday announced investments of $29.5 million in two Internet companies in Bangalore.
Kleiner Perkins Caufield & Byers Wednesday said Powell joined the firm earlier this month as a strategic limited partner, a new position created especially for him.
American venture capital firm Matrix Partners on Tuesday began its operations in Bangalore with an aim to promote 17 of the 27 technology companies it has invested in.
The world's No 2 venture capitalist says he supports outsourcing and urges India to use WTO rules to protect it from protectionist attacks in the US
PVC is looking at entrepreneurs with passion and it aims to build technology ventures.
Leading the Indian-Americans on the list is 49-year old Aneel Bhusri.
California State Attorney General Kamala Harris and Congresswoman Loretta Sanchez battle each other to become California's next United States senator, after winning the top two spots in an open primary on Tuesday, reports Ritu Jha from California.
With Ro Khanna defeating eight-term incumbent Mike Honda, for the first time in history the Indian Diaspora has three of its own in the US Congress.
Every start-up's dream is to become a unicorn.
Hyderabad-based Pi Datacenters wants to be the first destination of choice for enterprises in data and cloud services.
'We are calling for democratic accountability even as we talk about Digital India.' 'We are not against Digital India and it is important for India, but the government should not see what is applicable just to entrepreneurs but also to the vast majority of Indians who do not have the kind of advantages that many Silicon Valley entrepreneurs have.'
The charm of Kolkata is still alive says Sumit Ganguli.
Of all the other cities in India, Bangalore is one city, where you can actually walk around and take in the crowd and confusion, says Sumit Ganguli.
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