A total of 6,385 recognised startups have been categorised as closed as of October 31, according to MCA data. Maharashtra accounts for the highest number. The government said no rise in startup closures has been observed, citing market and business factors
Prime Minister Narendra Modi on Thursday unveiled Skyroot’s first orbital rocket, Vikram-I, while inaugurating the startup’s Infinity Campus in Hyderabad. He praised Gen Z engineers and credited space sector reforms for the rise of over 300 private space startups in India
Global investment firm Think Investments has invested Rs 136 crore in edtech unicorn PhysicsWallah ahead of its Rs 3,480-crore IPO opening on November 11. The investment involves a 0.37 per cent stake purchase from 14 employees at Rs 127 apiece
''Startup Mahakumbh'' was held at Bharat Mandapam in Delhi, where Aman Gupta, co-founder of Boat, expressed his strong admiration for the program. He described it is an exceptional event and also emphasised how India is evolving as a global leader in nurturing startups, positioning itself as an important hub for entrepreneurial growth. The Startup India initiative has been instrumental in creating an ecosystem that fosters innovation and entrepreneurship across the country.
India's tech start-up ecosystem, with over 1.14 lakh startups and 12 lakh jobs, is the third largest globally, with funding exceeding $70 billion from 2019 to 2023.
As part of the Startup Accelerator, Amazon has constituted a mentorship board consisting of Amazon leaders from India and across the world, VCs and senior leaders from Startup India.
