Business News
Piper Serica Launches INR 800 Cr Bharat Tech Fund to Back Deeptech Startups
The Bharat Tech Fund will invest in startups at the Series A and B stages, with cheque sizes ranging between INR 25 crore and INR 50 crore.
deeptech
Business News
Fundamentum Fund II Posts 35% IRR, Eyes Bigger Bet on AI-DeepTech
The firm's Fund II has made nine investments so far, in tech-led firms across consumer internet, Bharat, fintech, B2B commerce, enterprise tech, and emerging sectors in India. According to Fundamentum, the portfolio has delivered nearly 80 per cent revenue growth over the last year.
Business News
India on the Verge of Transformative Deeptech Leap, Funding Hurdles Still Persist: Report
Insights captured from nearly 100 deeptech founders in India revealed that over 53 per cent of the founders maintain that funding in the sector remains difficult to access, while 44 per cent found it reasonably available. Only 3 per cent of the study group said that the funds were abundantly available.
Business News
New York’s BAT VC Taps into India’s ‘Golden Era’ of AI with USD 100 Mn Investment Plan
The fund will focus on sectors like fintech and B2B SaaS, aiming to back early-stage companies with global potential.
Business News
Private Investment in Quantum Technology Ecosystem Need of Hour: Report
The inaugural ITES-Q report presents a comprehensive overview of both global and national quantum ecosystems, including investment trends, talent development, institutional strengths, research output, intellectual property, startups, supply chains, and industrial activity.
Business News
Launching AI Avatars: The Future of Conversational AI in Education and Product Innovation
RealAvatar recently launched Andrew Ng's AI avatar in collaboration with DeepLearning.AI, enabling learners to have a conversation with an AI version of the renowned AI educator for career advice through text chat and voice calls. Dmitry Pyanov, who leads product at RealAvatar, discusses the future of AI in education and the evolving role of product management.
Business News
In Israel, Deep-Tech Investment Sets Stage for Healthcare Innovation Boon
The convergence of biology, artificial intelligence, and engineering is driving advancements that could redefine patient care and health systems worldwide.
By Jayanta Bose
Business News
India Lags in Building a DeepSeek Rival, but Potential Keeps Investors Excited
Emerging technologies such as deeptech, spacetech, and biotech have made significant startups in India but remain behind the US and China in creating companies that have a significant global impact.
Business News
Astrome Gears Up for Global Growth with USD 10 Mn Funding Boost Led by Appollo Fund
The Bengaluru-based firm aims to deploy the fresh funds to advance wireless connectivity technologies, scale operations, expand product lines, strengthen its presence in terrestrial communications, and enter the satellite communication market.
Business News
Warmup Ventures Launches INR 300 Cr Fund II to Back Deeptech, Climate, and Sustainability Startups
The fund plans to invest INR 5-7 crore each in 25-30 early-stage startups, with significant provisions for follow-on rounds.
Business News
SanchiConnect and YourNest VC Power Eight Startups with INR 48 Cr Through Velocity Program
The Velocity Accelerator cohort features innovative startups like Induz, LeanWorx, Think Metal, Presage Insights, Superfone, and CargoFL, driving advancements in AI, manufacturing, logistics, and enterprise solutions with transformative technologies.
Business News
growX Ventures Launches Fund II with a Target Corpus of INR 400 Cr
Fund II aims to target early-stage and growth-stage investments, backing 20–24 startups in deeptech sectors. It plans to deploy INR 10 crore in seed and INR 20–30 crore in Series B rounds.
Business News
Deeptech Startups in Vogue, Attract Strong Investor Interest in Last 5 Years
45 per cent of startups in India originate from tier-II and -III cities, a noteworthy trend, backed by the need to solve local problems, diverse funding options, improved infrastructure, robust digital payments systems, and digital-first business models
Business News
Indian Inc to Prioritise AI, Security & Advanced Tech
While 2023 saw a slowdown in IT investment, 2024 will be all about growth fueled by digital transformation, says a report by IDC
Business News
India’s GenAI Startups Attract Cumulative Funding of over $750 Million Since 2023: Nasscom
The total number of GenAI startups surged 3.6 times, from over 66 in the first half of CY23 to more than 240 by the first half of 2024.
Business News
Deep Tech, Semiconductors, and Electronics Emerge As Pivotal Sectors in Startups: IvyCap Founder
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.
Business News
Capital A Launches INR 400 Cr Second Fund to Support High-Growth Startups in Manufacturing, Deeptech, and Climate
The firm plans to support 17-20 companies, with cheque sizes ranging from USD 750K to USD 1 million for initial investments and USD 2-3 million over the lifecycle of the startups.
Business News
Yotta’s Newly Launched Shambho Accelerator Program to Boost 3,600 Deeptech Indian Startups
At the heart of the Shambho Accelerator Program is Yotta's Shakti Cloud, a high-performance computing platform powered by NVIDIA's H100 Tensor Core GPUs, designed specifically for AI and HPC workloads.
Business News
Funding Remains the Biggest Challenge for Indian Deeptech: Nasscom and Zinnov
The report shared deep insights into the emerging scenes within the Indian tech-eco system, especially in deep-tech, challenges, future and other crucial insights into the funding behavior around the sector.
Business News
Five Industries Set to Revolutionize in India Utilizing AI and Deep Tech
AI and Deep Tech are experiencing a huge surge in the Indian market, surpassing the e-commerce boom of the mid-2010s
Business News
Airavat Capital’s USD 40 Million Global Tech Fund Aims to Back Deeptech and SaaS Companies
The global technology fund, which will operate out of GIFT City (Gujarat International Finance Tec-City), is targeting only listed companies and will generally hold 15-20 companies at any given time.
Business News
Kalaari Backed Mozark Raises Venture Debt From BlackSoil
The investment is in line with BlackSoil's investment strategy of focusing on new-age businesses in the deeptech sector
By Teena Jose
Business News
RACEnergy Secures $3 Million In Equity And Debt Funding
The company will utilize the total fund raised to develop its battery-swapping technology and build new facilities to support its growing operations
By Teena Jose
Business News
Deeptech Experts on ChatGPT and the Future of AI in India
Generative AI, IP creation, IP creation and the future of deeptech were some of the topics discussed as part of a session at the recently concluded Entrepreneur India's Tech & Innovation Summit 2023 in Bengaluru
By S Shanthi
Business News
Deeptech Recycling Startup Metastable Materials Raises Seed Funding
The new funding will be channelled into recruitment to support Metastable's manufacturing and industrial engineering functions, as well as for managing its supply chain and day-to-day operations
By Teena Jose
Business News
pi Ventures Raises INR 22 Crore From Belgium’s Colruyt Group
The investment comes after pi Ventures announced the first closing of its second fund at INR 303.5 crore in Jan 2022, raising funds from entrepreneurs, HNIs and Family Offices from across the globe
By Teena Jose
Business News
The Energy Company Raises Pre-Seed Funding From LetsVenture
The funds will be used to acquire more customers, expand the team, and certify the product with the new AIS standards
By Teena Jose