Delhi-NCR sees highest number of new startups during January-June, 2020

#startups #startupecosystem #delhincr #startupbangalore #startupmumbai

Delhi-National Capital Region (NCR) has witnessed the highest number of startups being founded in the first six months of this year, on the back of its digital ecosystem, government support and infrastructure, including startup accelerators, incubators and enablers.

Between January and June, 109 startups were founded in Delhi-NCR, followed by 63 in Bengaluru and 44 in Mumbai, according to data by venture capital industry tracker Tracxn. Sectors such as edtech, fintech and enterprise applications saw more traction with several start-ups also repurposing their solutions to offer covid-related solutions.

Startups based out of Bengaluru, however, raised $2,436 million, more than their Delhi ($602 million) and Mumbai ($397 million) counterparts in the first half of the year, data showed. Big-ticket funding deals were in the edtech space with Byju’s leading the pack, valued now at $10.5 billion after raising $100 million Mary Meeker's fund Bond and another $110 million raised by Unacademy from Facebook and General Atlantic.

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Delhi-NCR sees highest number of new startups during January-June

Between January and June, 109 startups were founded in Delhi-NCR, followed by 63 in Bengaluru and 44 in Mumbai, according to data by venture capital industry tracker Tracxn. Sectors such as edtech, fintech and enterprise applications saw more traction with several start-ups also repurposing their solutions to offer covid-related solutions.

Sony invests $250 million in Fortnite maker Epic Games, valuing it at $17.86 Bn

#games #gaming #startups #stakesale #acquisitions

Sony has invested $250 million for a minority stake in Fortnite maker Epic Games, the companies announced today. With the new money, Epic Games has raised $1.83 billion to date. Sony is acquiring a 1.4% stake in Epic, which means the deal values Epic Games at $17.86 billion.

The companies said the deal cements an already close relationship and reinforces their shared goal to advance the state of the art in technology, entertainment, and socially connected online services. This close relationship was underscored in May when Epic first showed the upcoming Unreal Engine 5 graphics running on a PlayStation 5. As the company itself has disclosed, Epic Games raised $1.58 billion in three previous funding rounds. In 2012, the company received a $330 million investment from Tencent for a 40% ownership stake.

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Sony invests $250 million in Fortnite maker Epic Games

Take the latest VB Survey to share how your company is implementing AI today. Sony has invested $250 million for a minority stake in Fortnite maker Epic Games, the companies announced today. With the new money, Epic Games has raised $1.83 billion to date.

Confederation of Indian Industry (CII) sets up centre for startups in Telangana

#startups #cii #deeptech #manufacturing #startuptelangana #startuphyderabad #startupindia

Industry association Confederation of Indian Industry (CII) on Saturday said it has set up a centre in Telangana to help startups to connect with large business houses and corporates. CII Centre for Innovation, Entrepreneurship, and Startups will also focus on deep-tech startups in the manufacturing sector to help create unicorns.

CII Centre for Innovation, Entrepreneurship, and Startups is supported by the Telangana government by way of space at T-Hub technology startup incubator in the city, and Pratiksha, a charitable trust founded by Gopalakrishnan.

Telangana IT Minister K T Rama Rao, who launched the Centre, said, the facility will provide the right mix of entrepreneurial elements mentorship, access to capital and safety net for experimentation that will strengthen the startup ecosystem in not just Telangana, but across India.

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CII sets up centre for startups in Telangana

Industry association CII on Saturday said it has set up a centre in Telangana to help startups to connect with large business houses and corporates. CII Centre for Innovation, Entrepreneurship, and Startups will also focus on deep-tech startups in the manufacturing sector to help create unicorns.

T-Hub partners IT Ministry to mentor hardware startups in India - Sentinelassam

#startups #ideation #THub #startuphyderabad #startuptelangana #hardware #IoT

Hyderabad-based global start-up catalyst T-Hub on Friday announced a partnership with the Ministry of Electronics & Information Technology (MeitY) to lead Digital India's Scale Up programme for hardware and Internet of Things (#IoT) startups across India. As many as 10-15 startups with leading-edge solutions in #mobility, #energy, #agriculture, #aerospace, manufacturing, consumer, #healthtech, #medtech, smart cities and #logistics and #supplychain sectors will be shortlisted as part of the programme, T-Hub said in a statement.

The call for application for the programme will commence in July. Startups will be shortlisted from hundreds of applications after an extensive screening process, T-Hub added.

As part of the programme, the shortlisted startups will also receive equity-free grants, T-Hub said. "It is important for us to engage the startup community and bring innovative thinking into product development that can accelerate the creation of new offerings in the hardware space," said Ajai Garg, CEO of MeitY Startup Hub.

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T-Hub partners IT Ministry to mentor hardware startups in India - Sentinelassam

NEW DELHI: Hyderabad-based global start-up catalyst T-Hub on Friday announced a partnership with the Ministry of Electronics and Information Technology (MeitY) to lead Digital India's Scale Up programme for hardware and Internet of Things (IoT) startups across India.