Prince Kariappa | Page 5

According to the Indian Department of Space, the country's space economy is currently valued at USD 8.4 billion, constituting a 2 per cent share of the global market.

As traditional sectors saturate, VCs look to turn their focus on emerging industries that are poised to define the country's next phase of surge. Here are five sectors that are likely to attract the most interest from VCs in India over the next few years.

The country currently has over 1,700 GCC enterprises employing over 2 million professionals and is at a pivotal point in their development in transforming into strategic hubs, according to a report titled 'Pioneering Innovation In Global Capability Centers' by Avasant.

India's GDP is poised to scale from USD 4 trillion to USD 8 trillion over the next decade and will offer a playground that is remarkable for both founders and venture capital (VC) firms, said Pranav Pai, Founding Partner and CIO at 3one4 Capital.

The modus operandi of Cactus is helping companies put the governance systems in place with required boards and committees, preferably at the series A stage or beyond.

The pro-tennis player turned philanthropist in 1994 when he started the Andre Agassi Foundation for Education. Agassi said, "Education will solve a lot of things."

Karnataka has been perceived as the top hub of activity when it comes to the startup ecosystem and the IT minister added that it is the first state in the country to come up with policies around entrepreneurship, cybersecurity, global capability centers (GCCs), and startups.

The Minister also expressed that the fast implementation of policies has sparked growth in critical industries such as agritech, deeptech, animation-visual effects-gaming-comics (AVGC), and spacetech.

According to the research, Nifty closed higher in December, close to 71 per cent of the time in 17 years since 2000, and has consistently delivered positive returns towards the year's end.

Significant resources and funding is needed to create a strong impact in the startup ecosystem artificial intelligence (AI) starts to play a more significant role, Vineet Rai, Founder and Chairman of Aavishkar said on the sidelines of the recently-concluded Sankalp Bharat Summit in Varanasi.

Shared electric mobility provider Yulu has been riding on the rise of the hyper-local quick commerce segment in India to drive growth and profitability. Nearly 70 per cent of its business currently comes from the quick commerce segment, while food delivery and other segments account for the rest.

Nageswaran said that the country has to lot to offer in terms of budget in terms of initiatives on upskilling and job creation in AI, a technology that is proving to be influential in areas like diagnostics and general healthcare.

Bridging the gender equality gap and improving women's participation could result in an increase of India's GDP by 18 per cent, approximately USD 770 billion by 2025, according to Intellecap.

Digital payments, alongside e-commerce, have seen rapid evolution over the recent years in India's rural depths and Shah is of the opinion that the aforementioned foundation has "enabled unprecedented financial inclusion, with over 450 million bank accounts opened and widespread Aadhaar-based authentication supporting remote KYC processes."

Padaki added that TIE observes continued interest in healthcare, medtech services, and healthcare solutions and has over 800 startups that have applied for the program while speaking to Entrepreneur India at the Bengaluru Tech Summit 2024.

Artificial Technology (AI) is one of the most talked about topics currently and decision-makers from big corporations are often asked about leveraging AI and its costs.

In light of the fresh GCC policy unveiled by Karnataka's Chief Minister Siddaramaih, Kharge said that the state intends to attract as many as 500 new GCCs in the next 4-5 years with USD 50 billion dollars in investment.

According to the report, founders in India are increasingly availing venture debt services to avoid excessive equity dilution and cover capital needs.

As of market close, Swiggy's share price stood at INR 464 on the NSE recording a high and low of INR 465.80 and INR 391, respectively.

India's Micro, Small, and Medium Enterprises (MSMEs) have been fundamental to the country's economy, embodying traditional business practices that contrast sharply with the current startup model focused on fundraising and valuations, experts said at Proficorn 2024, an event focused on celebrating the contributions of MSMEs in India.

Swiggy launched its initial public offering (IPO) on November 6, 2024, with an opening price of INR 371-390 per share.

In an age driven by numbers and statistics, and where startups grind each day to pick up momentum before their potential ticket to funding, Antler India is one of those venture capital firms that firmly believes the investment premise can be psychological as much as it is numerical.

Former Infosys CFO and Chairman Mohandas Pai at Aarin Capital called for taking advantage of technology and creating a digital twin for Bengaluru to assess and study the city's traffic woes at the Move In Sync Mobility Symposium 2024.

According to a recent update from the market regulator, Vishal Mega Mart, Swiggy, ACME Solar Holdings, Mamata Machinery, and Hyundai Motor India have all received the necessary approvals from SEBI to go public.

India's semiconductor and electronics startup ecosystem is also witnessing rapid growth due to favorable government policies like the Production Linked Incentive (PLI) scheme and a growing demand for electronics and chip design.

GlobalData, a data analytics company recently released a report on VC Funding in Indian Startups reported a significant surge in funding during the January to July 2024 period, recording a total of 672 deals raising US$6.3 billion.

The report states that Generative AI and API-based open architecture are key drivers of future growth with applications ranging from customer service automation to fraud detection, fintech is exploring strategic international expansion.

India's booming IPO market sees three new entries this week, with varied business portfolios hitting the floors of NSE and BSE.

In a country brimming with innovation and high ambition, where jobs are termed as the de-facto standard for a stable life, entrepreneurs in India have shown time and again that with the right idea and the required grind, anything is possible.

The retail and consumer sector drove the month's volumes, while the pharma sector led in terms of values and also contributed the second-highest volumes.