AI Mission Launched by PM Modi: A New Era for Indian Startups

AI Mission Launched by PM Modi: A New Era for Indian Startups

Welcome to "Swadesi Startups Speaks," the podcast that shines a spotlight on the vibrant and dynamic world of Indian startups. In today’s episode, we’re going to delve into some of the most exciting developments in the Indian startup ecosystem. From Prime Minister Narendra Modi’s groundbreaking AI Mission to the innovative startups making waves in various sectors, we’ve got a lot to cover. We’ll also look at how high-net-worth individuals and celebrities are breathing new life into startups during the current funding crunch. So, whether you’re an entrepreneur, investor, or just startup-curious, join us as we explore the latest trends and stories from the heart of India’s startup scene.

India to launch AI Mission to help startups with compute power: PM Modi

Prime Minister Narendra Modi announced the launch of an AI Mission to provide compute power to startups and innovators in India, focusing on sectors like agriculture, healthcare, and education. The mission aims to promote innovation and mitigate risks associated with AI. The GPAI Summit was also inaugurated, where international delegates will engage in discussions on AI and its responsible use.

India tech startups see lowest funding in 5 years

India's tech startups have seen their lowest funding in 5 years, with $7 billion in total funding in 2023, a 72% decline from the previous year. The number of $100 million+ rounds has also decreased by 69%. Despite this, sectors such as Environment Tech and SpaceTech have garnered investor attention. The top-funded companies in the retail and FinTech sectors are Lenskart and PhonePe, respectively.

HNIs, celebrities offer lifeline to startups; 101 investments made in 2023

How high-net-worth individuals (HNIs), celebrities, and veteran entrepreneurs have provided a lifeline to startups in India, despite the current funding winter. These investors have made over 100 investments in 2023, with a focus on sectors such as AI, EV, and sustainable agriculture. Some notable investors include Zerodha co-founders Nithin and Nikhil Kamath, Paytm founder Vijay Shekhar Sharma, and celebrities such as Alia Bhatt and Akshay Kumar. These investors bring not only financial support but also valuable resources such as distribution and influence, which can help startups scale and increase their reach.

11 startups to watch out for in 2024.

11 startups to watch out for in 2024, including Pee Safe, GoKwik, Poshn, Fyllo, Veera, Seracle, POP, Nuvepro, and Thriwe. These startups are from various sectors such as feminine hygiene, e-commerce enablement, agritech, and blockchain technology. They have shown promising growth and innovation in their respective fields.

The Circle FC successfully concludes the 2nd cohort of K-Startup Centre India with a grand Demo Day

The successful conclusion of the second cohort of K-Startup Centre India by The Circle: Founders Club, a business accelerator for Indian startups and soft-landing platform for foreign scaleups. The cohort included 10 innovative startups from various industries, and during the 4-month program, they signed MoUs, received mentoring, and participated in events. The demo day was held in Gurugram and saw enthusiastic participation from stakeholders. The article highlights the collaboration between South Korea and India and the potential for cross-border partnerships in entrepreneurship and sustainable growth.

US’ CareStack acquires Airtel-backed tech startup Waybeo

US-based CareStack has acquired Waybeo, a tech startup backed by Bharti Airtel, to enhance patient communications in the healthcare sector. Waybeo offers advanced intelligence services in ad-generated phone calls. The acquisition will transform patient-practice communication and expand CareStack's market dominance in dental care. Waybeo has posted an average year-on-year growth rate of nearly 39.42% across seven years of operations.

CoinSwitch Launches Umbrella Brand PeepalCo Amid Transition To Wealthtech

CoinSwitch has launched an umbrella brand called PeepalCo to house all its business verticals as it transitions into a wealthtech platform. PeepalCo will include CoinSwitch, CoinSwitch Pro, and a wealth management division, offering investment products such as fixed deposits, bonds, ETFs, stocks, and mutual funds.

Tribe Capital eyes leading $75M-plus funding in India's Shiprocket

Tribe Capital is in talks to lead a $75 million to $100 million funding round for Shiprocket, an e-commerce logistics and shipping software solution provider. Shiprocket aims to become IPO-ready in the next 12 to 18 months and plans to expand its financing options and cross-border shipping offerings. The funding talks are ongoing, and the terms may change.

And that’s a wrap for this episode of "Swadesi Startups Speaks." We hope you enjoyed this journey through the diverse and exciting landscape of Indian startups. From groundbreaking governmental initiatives to the innovative strides in various sectors and the vital role of celebrity investors, it's clear that the Indian startup ecosystem is bustling with potential and resilience. Join us next time as we continue to bring you the latest and most inspiring stories from the world of Indian entrepreneurship. Until then, keep innovating, stay inspired, and remember, the future is Swadesi!

Sandeep Dwivedi

Founder at Gururo

9 个月

Congratulations on the new episode! Can't wait to listen to it! ??

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Carina Holzapfel

? CEEX | AI powered smart grid solution for the energy transition ?? Innovation Enthusiast ?? People Connector

9 个月

Absolutely fascinating! Can't wait to listen to it!

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Zachary Gonzales

Senior DevOps Engineer | Cloud Computing, Virtualization, Containerization & Orchestration, Infrastructure-as-Code, Configuration Management, Continuous Integration & Delivery, Observability, Security & Compliance.

9 个月

Great episode! Can't wait to listen to it! ???

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