Despite the dropouts, 38 new startups joined the index this year. Notably, travel aggregator ixigo went public with a USD 700 million valuation, skipping the gazelle stage after being identified as a potential unicorn in 2022
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With transparency as a core principle, Recur Club plans to deploy Rs 1000 crore through the Recur Scale program and an additional Rs 2000 crore via its Recur Swift program for startups in FY 24-25
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The seed fund, launched in April 2021, was allocated over four years to support eligible startups through incubators nationwide
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The report also notes that funding for geo-green scorecards in India amounts to USD 6.55 billion, with USD 372 million received in 2024 to date
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This initiative is part of the National Technical Textiles Mission (NTTM), which has a budget of Rs. 375 crore (US$ 45 million) for FY25. The aim is to foster innovation without claiming any share of the startups' profits
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Cisco's move follows the trend set by Microsoft-backed OpenAl, which ignited an Al frenzy in 2022 with the release of ChatGPT
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Funding winter in India seems to be waning as the country witnessed an improvement in venture capital funding deals, both in volume and value, in 2024
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Marathon Capital Advisory, Bansi S. Mehta & Co., Chartered Accounts and Wadia Ghandy & Co. Advocates, Solicitors and Notaries acted as an Advisor to KKCL in the strategic acquisition
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In FY24, Gramiyaa produced 2.87 lakh litres of oil and achieved a net revenue of Rs 12 Crore while remaining EBITDA profitable. Following the recent funding, the company is setting more ambitious growth targets and plans to intensify its brand-building and marketing efforts
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According to media reportts, by January 2024, IA had supported 225 startups, with two-thirds successfully raising follow-on funding and a 33 per cent exit rate, achieving six times return on investments over the past six years
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