"India is now innovating in every sector and for the world. We have crossed the tipping point - already the third-largest startup ecosystem in the world. Our time is now," said Rajan Anandan, managing director of Peak XV.
The event comes at a time of rising optimism, with the widespread perception that 2024 will finally see the end of the so-called funding winter.
In 2023, Indian startup funding fell by 72 per cent to a seven-year low of $7 billion from $25 billion in 2022, according to data from Tracxn, a market intelligence platform.
Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh said Prime Minister Narendra Modi may visit the event. "Now that the election announcement has come, there are formalities... but we are still hopeful that we will be able to get him to this event," Singh said.
"Today, the Indian startup ecosystem is among the leading ones globally. India ranks at 40 in terms of innovation, and our goal is to move up from this. We aim to make Startup Mahakumbh not just a big event but also an annual event, which can further propel the growth of the Indian startup ecosystem," Singh said.
Denne historien er fra March 18, 2024-utgaven av Business Standard.
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Denne historien er fra March 18, 2024-utgaven av Business Standard.
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Indians prefer credit over debit card for high-value payments
In June 2024, India saw a significant increase in the number of credit, debit, and prepaid cards, reaching a total of 1.451 billion cards—an 11 per cent jump from the previous year, according to the India Digital Payments report for the first half of 2024 (January to June) by payment technology service provider Worldline.
An Indian anthropologist ahead of her time
Urmilla Deshpande set out to work on a novel about an Indian woman in Germany in the 1920s based on her grandmother Irawati Karve when she stumbled on the opportunity to write her biography.
IAF plane makes inaugural landing at upcoming Navi Mumbai airport
An Airbus C-295 of the Indian Air Force (IAF) touched down at Navi Mumbai International Airport (NMIAL) on Friday, marking the formal inaugural flight landing at the place. A Sukhoi SU-30 fighter jet did a low fly-by at the airport to test the 3.7-km long runway in the presence of Maharashtra Chief Minister Eknath Shinde, his deputy Devendra Fadnavis and Murlidhar Mohol, Minister of State for Civil Aviation and Co-operation.
Less than 33% of youth can search Net, transact online
Less than a third of those in the 15-29 age group can \"search the internet; send or receive an email and perform an online transaction\", show the findings from the latest Comprehensive Annual Modular Survey (CAMS), released by National Statistical Office (NSO) this week.
TCS shares dip as analysts offer mixed outlook
IT sector is expected to grow considerably from Q4 FY25 onwards
NSE retains Nifty 50 for weekly contracts
The National Stock Exchange (NSE) has opted for the Nifty 50 index for issuing weekly option contracts following the Securities Exchange Board of India (Sebi's) one-exchange-one-benchmark mandate.
Compare lenders' costs; higher rates can offset benefits of offers
Footfall, enquiries, and bookings at car dealerships are rising, driven by attractive offers and promotions. These special deals typically start in October and run until the New Year.
Noel's appointment as Tata Trusts' chair signals continuity: Analysts
It will be business as usual for Tata group stocks post Noel Naval Tata's appointment as chair of Tata Trusts, said analysts. They added that the development will signal continuity.
Sebi intervenes in ₹45cr Trafiksol IPO irregularity
To undertake detailed examination into disclosures by the firm
India-focused funds log first weekly redemption in 19 mths
China resurgence, expensive valuation dim India appeal; midcap funds see 14th week of outflows