The Indian economy has witnessed the creation of 28 unicorns, or startups valued over $1 billion, this year on the back of a series of reforms unleashed by the government, Finance Minister Nirmala Sitharaman said. Addressing a virtual conference organised by the Indian Private Equity and Venture Capital Association (IVCA), the minister said the Indian economy has witnessed a spur of unprecedented growth in the form of startups in the last two decades. The Department for Promotion of Industry and Internal Trade (DPIIT) has recognised more than 56,630 startups across districts throughout India, IVCA said in a statement quoting the finance minister.
Venture capitals in India, which traditionally invested in urban segments or technology sector, have begun investing in rural-centric technology firms. Avishkaar India Micro Venture Capital Fund, Acumen Fund, and Rural Innovations Network are showing increased focus on rural markets.
Moreover, VC investments are anticipated to move away from information technology and telecommunication areas, according to German banking major Deutsche Bank.
'Just this year alone, close to 40 major transactions involving Bollywood stars have been recorded.'
Indian start-ups are disrupting the world and women-based entrepreneurship is one of the vehicles for realising a more equal society, Niti Aayog CEO Amitabh Kant said on Monday. Addressing an event organised by FICCI Ladies Organisation (FLO), Kant further said India at present has more than 61,000 start-ups and 81 unicorns. "Indian start-ups are disrupting the world especially in new emerging areas of health, nutrition and agriculture," he said.
Access to capital for sub-standard companies is on the decline
In his new role, Ganguly will work closely with the team's head coach Ricky Ponting.
According to 'India PE Report 2010', released by global consultancy Bain & Company, there is renewed confidence among the leading PE investors about the Indian market.
The company, which claims to have an annual revenue rate of US$7 million and is targeting to touch US$35 million in 2022, will also be investing in creator growth and monetisation opportunities.
Amid oxygen shortage and a faltering health system in the country, India is seeing over 300,000 cases daily.
Texas Pacific Group, the global private-equity fund, which manages around $20 billion, has named former Intel Capital managing director Varun Kapur to lead its investments in India effective this week.
India's ODI and T20 skipper Mahendra Singh Dhoni has been named as the face and brand ambassador of the Craig McDermott International Cricket Academy (CMICA), a leading state of the art private cricket and educational sports academy in Australia.
rediffGURU Chandu Nair advises entrepreneurs and enterprises about how to create and build their business.
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.
Zomato has the potential to be an equally important milestone for Indian equity markets, notes Akash Prakash.
Indian immigrants like Sai Gundavelli often arrive in the U.S. armed with scientific skills, a need to fund people at home -- and ambition.
The Rajasthan Venture Capital Fund (RVCF), which has a corpus of Rs 100 crore (Rs 1 billion), would focus on innovative projects in the small and medium enterprises (SME) segment, such as the IT/ITeS, bio-technology, retail, tourism, hospitality and entertainment sectors.
Shravin Mittal's venture capital firm, Unbound Advisors, has made investments worth over $500 million so far
Manipal Group chairman Ranjan Pai is in early discussions to invest in Byju's-owned Aakash Educational Services Limited (AESL). According to sources in the know, Byju's founder and chief executive officer Byju Raveendran, who owns a 30 per cent stake in Aakash, is expected to partially offload his holding to Pai for $80-90 million (about Rs 650-740 crore). Raveendran may use the money to repay a large part of the Rs 800 crore loan that Byju's raised from US-based investment firm Davidson Kempner Capital Management in May, after facing a 'technical default', the sources said.
The promoters who own the Leela brand will also be transferring the label to Brookfield for all hospitality businesses.
The city's 24-hour Air Quality Index (AQI), recorded at 4 pm daily, stood at 417, making it the worst in the country. On Friday, the AQI level was 396.
In a bid to ease compliance towards companies planning public offers (IPOs), the Securities and Exchange Board of India (Sebi) has notified norms that open more avenues to meet the minimum promoters' contribution (MPC). The market regulator has permitted promoter group entities and non-individual shareholders to contribute to the mandated promoters' contribution in the case of a shortfall without being identified as a promoter.
'The deal pipeline across products is robust for 2024.'
The new clean technology venture capital fund has invested $20 million in California-based Miasole, which is engaged in the development of thin-film solar panels, while the carbon fund has an initial investment commitment of $157 million, the steel-maker said. "The fund is managed by a team from ArcelorMittal Flat Carbon Americas and its investment decisions are taken by a six-person Investment Committee chaired by ArcelorMittal FCA CEO Lou Schorsch," it added.
The Venture capitalist investments in Silicon Valley declined to $1.4 billion in the last quarter of 2004, the lowest in past seven years, according to a recent survey.
'India has tremendous potential for digital ventures,' says Ratan Tata.
The first private equity deal in the Indian health insurance sector is set to be sealed soon.
BlueRun Ventures and Nokia Growth Partners, two venture capital firms supported by Nokia Corporation, hope to invest in one or two Indian start-up companies every year, senior executives said on Tuesday.
Businesspersons who have the potential to contribute to the economy of a country are given a red carpet welcome by way of a start-up visa.
To unravel Khan's overseas business, one has to rewind to 10 years ago when Londoner Richard James Moore floated a real estate company called Winford Estates in Surrey.
The Securities and Exchange Board of India (Sebi) may allow non-resident Indians (NRIs) and Overseas Citizens of India (OCIs) greater exposure to domestic equities if their investments are sent through foreign portfolio investors (FPIs) registered at the GIFT City International Financial Services Centre (IFSC). The proposal will be taken during Sebi's board meeting on Saturday along with other key agenda items such as easing of voluntary delisting mechanism and introduction of a regulatory framework for real estate fractional ownership platforms, said people in the know. At present, the combined holdings of NRIs and OCIs in a global fund have to be less than 50 per cent, while that of a single NRI or OCI is capped at 25 per cent.
'Only 20 per cent of families in India buy cheese twice once a year.'
Singapore government's sovereign wealth fund Temasek is looking to invest $10 billion in India during the next three years, Ravi Lambah, Temasek's head of India and strategic initiatives, said.
Delhi Capitals chief executive officer Dhiraj Malhotra and assistant coach Mohammad Kaif shared their thoughts, having met their players after a long time.
The size of knowledge process outsourcing industry, the high-end services entailed in business process outsourcing activities, has the potential to touch $16 billion by 2010 across the globe.
'We started AgniKul to show that space transportation should be as simple as road transportation.'
