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17

Meta introduces Meta Verified subscriptions for businesses in India

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Meta's Verified subscription plan starts from Rs 639 for a single app per month and can go up to Rs 21,000, an introductory discounted rate for two apps per month.

15

DevSparks 2024 Hyderabad: YourStory's developer-first tech summit is back

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After a successful debut in Bengaluru in May, DevSparks is going to Hyderabad. Join us on August 3, 2024, to decode the future of tech from the leaders of India’s app and software developers, technologists, enterprise leaders, and industry…

AI, new energy can transform India into $50-trillion economy by 2047: Ola's Bhavish Aggarwal

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In a recent blog post, Aggarwal has outlined a roadmap for India to achieve leadership in technological innovation and drive economic growth.

14

Nasscom fears companies will relocate if Karnataka passes jobs for locals bill

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Nasscom has highlighted that the technology sector almost contributes 25% of Karnataka’s GDP, and the proposed Bill will reverse the progress.

Dharana Capital acquires $50M stake in Urban Company

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The transaction is Urban Company's largest ESOP liquidity, with shares acquired from employees and other shareholders.

Startup news and updates: Daily roundup (July 17, 2024)

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YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Wednesday, July 17, 2024.

Google, MeitY Startup Hub to support 10,000 Indian startups in AI

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As part of this initiative, the company will provide eligible AI startups with up to $350,000 in Google Cloud credits to invest in cloud infrastructure and computational power.

13

BYJU’S employees speed up job hunt as insolvency process sparks concerns

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The NCLT order has sparked concern among the immediate families of BYJU'S employees on whether their jobs are secure. Unfortunately, many do not have any clear answers.

08

Auxilo Finserve raises $30M from LeapFrog Investments, others

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The latest funding will be utilised to expand customer reach, enhance student funding, incorporate technological infrastructure across business processes, and boost the company’s institutional lending segment.

05

How AI, data science, and intelligent storage are powering India’s solar sector

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Solar energy's potential is no longer a figment of imagination, but a reality made possible by the sophisticated interplay of AI, data science, and intelligent storage.

Budget 2024 expectations from EV sector; Unlock your inner Sherlock with AyeVee

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Finance Minister Nirmala Sitharaman’s interim, pre-election Budget offered much-awaited support for EV charging infrastructure. Chennai-based Asiaville has launched AyeVee Interactive and Gamified Experience, an interactive gaming platform.

04

Budget 2024: EV sector pins hope on purchase subsidies for EV 2- and 3-wheelers, buses; lower taxes

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For the electric vehicle sector, Budget 2024 will likely focus on advancing the FAME scheme to accelerate adoption, particularly in public transport such as e-buses. Stakeholders also hope for increased subsidies and potentially relaxed…

Tuesday, Jul 16

20

SaaS unicorn Tekion raises $200M from Dragoneer

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Tekion last raised $250 million in October 2021, and the startup will use this capital primarily for market expansion.

18

Regulatory framework to push exports through e-comm likely by Sep: Commerce Secretary

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The commerce ministry's arm is working with RBI and concerned ministries on several steps to promote exports through e-commerce medium.

17

Ola Electric IPO pricing to be lower than private valuation: Report

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The Bhavesh Aggarwal-led EV’s IPO is expected to be launched at 30% lower than its previous valuation.

15

Auto industry needs two lakh skilled people by 2030 to meet 30% EV adoption target: SIAM

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According to the 'SIAM EV Skill Gap Study' report, in order to achieve 100% localisation of EV components, India needs to add 30,000 EV-ready workers per year till 2030, up from a current rate of 15,000 per year.

Klub looks to disburse Rs 200 Cr to SMEs to boost festive ecommerce sales

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Klub offers various funding structures, including term loans, credit lines, and revenue financing, with up to Rs 30 crore available in a single tranche.

12

Did You Know Mukesh Ambani Is the World's Largest Mango Exporter?

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Mukesh Ambani, renowned for his vast empire spanning petroleum, telecommunications, and retail, has made a surprising yet significant mark.

Altern Capital launches maiden Rs 250 Cr real estate fund

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The target size of this fund is Rs 250 Crore, with an additional greenshoe option of Rs 100 Crore. AI Growth Private Limited, through its brands “JIRAAF & ALTGRAAF”, is the sponsor of JIREF I, states the release.

11

Maruti Suzuki expands its accelerator programme to include global startups

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Maruti Suzuki India Limited announces the opening of applications for the 9th Cohort of its Maruti Suzuki Accelerator, an initiative for startups. The programme also provides startups with unique opportunities, including the potential for…

10

Nykaa allots 1.73 lakh shares under ESOP scheme

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This is Nykaa's third ESOP grant of this financial year. Nearly a month ago, it allotted 4.73 lakh equity shares under its ESOP.

Luxury redefined: How Luxelan is revolutionising Indian homes with AI- empowered interiors

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While whispers of a global slowdown loom, India's residential real estate market thrives, fuelled by a skyrocketing demand for luxury residences. Mordor Intelligence estimates the market at a sizzling $38.02 billion in 2024, projected to…

NSE Introduces New Indices: Riding the Wave of Market Trends

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The National Stock Exchange (NSE) has always been a trailblazer in India’s financial market. To maintain its edge and cater to evolving investor...

Quantifying cyber risks helps minimise threats: Rahul Tyagi of Safe Security

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Rahul Tyagi, Co-founder of Safe Security, a cybersecurity startup, urged organisations to be aware of the risks they face and quantify the amount of investment needed for cybersecurity measures.

09

Paytm parent gets SEBI warning for related party transactions with PPBL

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SEBI has warned OCL to improve its compliance standards to avoid future violations, and required the company to present this warning to its Board of Directors and submit a corrective action report within 10 days.

Thursday, Jul 6

15

The Day That Changed E-commerce: Amazon's Birth and Its Unstoppable Growth

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On this day, in 1994, Amazon was born out of Jeff Bezos's garage

14

Boost Your Brain: 7 Proven Methods to Enhance Memory

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Uncover 7 unique, effective techniques to boost your memory. Learn lifestyle changes that will supercharge your recall today!

11

Could you be India’s next unicorn? Applications open for Tech30 2023

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Are you an entrepreneur looking for a stage to showcase your early-stage tech startup? Here’s your chance to grab the spotlight and be a part of Tech30, YourStory’s curated list of India’s 30 most high-potential and disruptive early-stage…

10

Battery Smart raises $33M from Tiger Global, Blume Ventures, and new investors

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The company plans to use the capital to expand its geographical presence and customer base by one lakh by 2025.

09

Leverage India’s promising IT sector with the Axis Nifty IT Index Fund

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The Axis NIFTY IT Index Fund gives an investor the vehicle to invest in India's thriving IT sector, which is seeing strong headwinds. Read what Ashwin Patni, Head Products and Alternatives, Axis AMC, has to say about what makes it unique.