Prateek Jain’s Post

#startups | #ai | #artificialintelligence | #Google : Google 's spotlight on Indian startups. #India is a key area of startup innovation, with rising GenAI adoption Read more at: https://lnkd.in/gBaQ9Qp4 #startup #innovation

👉 https://lnkd.in/gPQ9ijYd The Indian Startup Ecosystem is undergoing a digital transformation. Driven by a strong desire for innovation, startups across the country are embracing advanced technologies. A recent study by SAP India and Dun & Bradstreet highlights this tech-driven shift. Click the link to read more in this TICE news report. #TechStartups #StartupNews #StartupSuccess #TechTrends #BusinessNews #EntrepreneurJourney #TechNews #ArtificialIntelligence #InternetOfThings #BlockchainRevolution

🚀 Exciting news! Accel launches #Atoms 4.0, investing in #AI and rural Indian startups 🌾💡. Ready to revolutionize the #startup scene? Applications open September 16, 2024! #AccelAtoms #StartupFunding #Innovation

Discover how the India artificial intelligence (AI) mission is set to revolutionize the landscape for deeptech startups, providing crucial financial support and fostering innovation in the sector. With an allocated budget of Rs 2,000 crore aimed at accelerating research and development, the mission signifies a pivotal step towards overcoming the longstanding hurdles faced by deeptech startups in accessing funding. Industry experts laud the initiative, recognizing its potential to stimulate investment, drive innovation, and propel India's position in the global AI ecosystem. From addressing the challenges of extended development cycles to attracting more investors, delve into how this strategic move is reshaping the future of AI entrepreneurship in India. Read this article by Business Standard titled as "India AI mission to provide funding, support to deeptech startups: Experts" to explore how the India AI Mission is transforming the startup landscape in the country. Read here: https://lnkd.in/deYAvpn6 . . . . #9colab #startup #startupworld #business #startupadvisory #wednesday #wednesdaywisdom #businessstandard #innovation #technology #company #wednesdaypost #startupfunding #funding #investors #challenges #experts

India’s Tech Ecosystem 2024: Unicorns Rise, AI’s Billion-Dollar Future  As India’s startup funding slows, key opportunities like AI growth and increased unicorn activity make it a prime market for innovative ventures. Startups need the right guidance to thrive in this evolving landscape.  📊 Why Startups Have an Advantage in India  - Six unicorns emerged in 2024, up from just one in 2023. IPOs also doubled with 29 companies going public (Tracxn).  - Despite a 7% drop in 2024 funding (Tracxn), India’s startup ecosystem remains resilient, ranking 4th globally with 136,000 startups and 99 active unicorns.  - Bengaluru, Mumbai, and Gurugram lead in funding, offering startups access to established ecosystems and investor networks (Tracxn).  - AI-driven startups can capitalize on the projected $1 trillion AI market by 2027, as AI infrastructure and demand continue to rise (Bain & Co).  Despite the Indian Tech Funding Winter, Algram Labs Private Limited remains committed to generating insightful market intelligence, scouting, and identifying high-potential startups with exceptional growth prospects, as times of uncertainty often reveal the most promising opportunities for innovation. If you are an innovative founder who creates opportunity in adversity through innovation, we’d love to connect and support your journey. Please reach out to us at:  [email protected] #StartupSuccess #AIInnovation #UnicornGrowth #TechFunding #AlgramLabs #DeepTech #IndiaStartups Source: https://lnkd.in/dy3dwRvp

US Startups Funding Report between April'24 to June'24 : Total - $56 Billion AI Funding - $27 Billion Indian Startup Funding Report between April'24 to June'24 : Total - $3.4 Billion AI Funding - $61 Million We are not even part of the race and no where near to where we should have been as a country in itself. Nationalism is good, I hope these points are also taken up while discussing nationalism. We are not growing, in fact loosing the position that we already had achieved, and no this is not the abnormal funding position of 2020, but the position that we had in 2018, 2019. We were the 3rd largest eco-system. We have now slipping to 4th and whats more worrying is that we have : - more qualifies talents with all the latest tech skills then before. - more brilliant founders. - In fact more qualified, well equipped pedigreed founders who instead of taking a job are now starting up. - We have more builders building from Indian for the world than before. We have all of this and instead of growing we have slipped. In fact there was a short-period where a lot NRIs were coming back to India to startup here, this started happening early 2021 and sort of have ended by late 2023. Now no one is coming back, we had a brilliant trend and we killed it. More founders are leaving India, than every before. 3 startups in my own personal contact have shifted to US in the past 30 days since they were unable to raise here. This condition in India which is said to have been created artificially will fire back to the folks who created it. Mind it - the world is not stopping, it continues to revolve, to grow, look at the activity in China, SEA, USA, UK. Everyone is going to go ahead while we lag behind. When will we wake up ? #startups #vcs

The AI initiative in India aims to offer financial backing and assistance to deep tech startups, as per specialists. The government's initiative towards deep tech startups, through the recently launched India AI mission, is seen as a positive step by industry experts in fostering a favourable investment climate. This mission, aimed at accelerating research and development (R&D) in these startups, is anticipated to enhance innovation and cultivate new business models within the sector. With a budget allocation of Rs 10,372 crore over five years, the India AI Mission, approved by the Union Cabinet, dedicates nearly Rs 2,000 crore to finance deep-tech startups, specifically focusing on expediting R&D in these ventures. The move is welcomed as it addresses a significant hurdle faced by deep tech startups in India, namely, the lack of adequate financial support, which has hindered innovation. Avi Dahiya, founder and CEO of Twyn, a deep tech enterprise SaaS startup, highlights the challenges faced by such startups due to the intricate nature of their projects, prolonged development cycles, and perceived risks, leading to repeated rejections. Currently, there are approximately 3,000 deep tech startups in India, but less than 20% have managed to secure sufficient financial backing. While the allocated Rs 2,000 crore is considered a positive step in building a conducive investment environment, industry stakeholders emphasise the need for clarity in regulations and data sharing policies to further attract investors. The India AI Mission is expected to encourage new corporate social responsibility initiatives to support deep tech startup R&D through technology business incubators (TBIs) and government-supported incubators. Additionally, the mission's emphasis on accelerating R&D in deep tech AI startups is anticipated to create more opportunities and foster the development of new business models, making R&D a necessity for competitiveness across sectors. The approval of the India AI Mission aligns with the government's ongoing efforts to bolster innovation in the deep tech sector, evident from the Draft National Deep Tech Startup Policy introduced last year. The mission aims to position India as a global AI leader by democratising access to artificial intelligence through initiatives like creating an AI marketplace and facilitating collaboration within AI ecosystem. Furthermore, the mission presents opportunities for government departments to collaborate directly with startups on AI-related challenges specific to India. With proper funding and support. . . . #socialmediamarketing #post #reels #trading #forextrading #tradingnews #livenews #newslive #liverpoolnews #startiyapa #official #reelsviral #viralreels #news #newsong #newseason #newstyle #newsingle #sneakernews #newstart #breakingnews #newsupdate #newstore #newshop https://lnkd.in/drqFYwXN

Indian Startup World Looking healthier than ever . Quoting Mr Nikhil Kamath ( Missing out what’s happening in India will be the biggest fomo for anyone ). 2024 has been a year of significant developments in the startup ecosystem. Here are some of the key highlights: * Indian SaaS Startup Funding Sees 33% YoY Spike In H1 2024: Indian SaaS startups raised $915 Mn from investors till June 2024, 33% higher than H1 2023 ($683 Mn). This is nearly 18% of the total startup funding tally of $5.3 Bn in the first six months of 2024. * Unicorn Creation: Six new unicorns emerged in 2024, including three SaaS startups - Ola Krutrim, RateGain, and Perfios. * Horizontal SaaS Dominates Deal Activity: In the first half of 2024, horizontal SaaS companies raised $719 Mn across 67 deals, compared to $196 Mn raised by vertical SaaS startups across 24 deals. * AI and ML Driving Growth: Startups are leveraging artificial intelligence (AI) and machine learning (ML) capabilities to drive the next wave of growth. Other notable startup news in 2024: * AO Smith completes ₹600-crore acquisition of HUL's water purification business Pureit. * Molg's robotic microfactory can autonomously disassemble complex electronic products. * ForceMetrics raised $22 million to provide real-time data to emergency responders. Nikhil Kamath Harvard Business Review

🚀 Breaking news in the world of Indian startups! According to a recent study by SAP India and Dun & Bradstreet, the majority of Indian startups are embracing advanced technologies like AI to unlock their full potential. 🤖 This is a huge milestone for the country's startup ecosystem, which now ranks third globally after the US and China. 💪 💡 #What? Indian startups are embracing advanced technologies like AI, ML, IoT, and blockchain to drive growth and operational efficiency. #Why? To achieve operational efficiency, drive growth, enhance customer experiences, and navigate digital disruption. #When? The study highlights trends and data from 2023 and early 2024. #How? Startups are integrating new-age technologies into enterprise applications, focusing on data-driven decisions, corporate governance, and leveraging local talent from Tier II and III cities. #Where? India, particularly in Tier II and III cities, which have become significant innovation hubs. 📈 The report highlights the crucial role of technology in driving growth and operational efficiency for startups, which have been instrumental in creating jobs and driving innovation. It also emphasizes the importance of data-driven decision making, new-age technology adoption, and corporate governance in achieving sustainable growth. 💡 🌎 In addition to the global positioning of India as the third-largest startup ecosystem, the study also reveals some other interesting trends. For instance, tier II and tier III cities have emerged as innovation hubs, with 40% of tech startups originating from these regions. 🏙️ And in the next few years, we can expect to see a significant rise in the adoption of DeepTech by newly founded startups. 🚀 💡 The study also highlights the importance of data-driven decisions, new-age tech adoption, and corporate governance in achieving sustainable success. 📊 Let's take a closer look at some key findings: - India has approximately 300,000 startups, including 113 unicorns, making it the third-largest ecosystem globally. 🌎 - 25% of newly founded tech startups are leveraging DeepTech, showing a strong appetite for advanced technologies. 💻 - Although there was a year-over-year decline in funding in Q1 2024, there was a rise in March 2024 compared to the previous months. 💰 - 85% of startups believe that unit economics and a clear path to profitability are crucial for enterprise value. -71% of respondents indicated that proper corporate governance is essential for investors and public listing readiness. -79% of startups are adopting enterprise applications integrated with new-age technologies. #IndianStartups #AI #Technology #Innovation #SustainableGrowth #EmpoweringEntrepreneurs #Future #AscertAI #DailyNews #Trending #HotNews #Latest Follow us on: 👉 https://lnkd.in/dnmEYARn 👉 https://x.com/Ascert_AI 👉 https://lnkd.in/dxjNTemm 👉 https://lnkd.in/dm6AXfPr Image Credits: INDIAai

## India's Startup Ecosystem Enters a New Era of Deep Tech and AI Innovation As the Indian startup ecosystem celebrates its first decade with an impressive 31,000 startups and over $70 billion in equity funding, it is clear that the country has emerged as a global tech powerhouse[1]. With the rise of 90+ unicorns and the creation of over 10.50 lakh jobs, India has solidified its position as the third-largest startup hub after the US and China[1]. The growth has been particularly strong in key sectors like enterprise tech, health tech, and fintech, which now account for over 70% of tech startups, up from 60% in 2014[1]. This surge has been driven by a fifteen-fold increase in the number of tech startups, demonstrating the ecosystem's resilience in the face of challenges like the COVID-19 pandemic and funding slowdowns[1]. However, the next phase of growth will be defined by deep tech startups leveraging AI and emerging technologies to address global challenges[1]. With over 3,000 deep tech startups and growing investments in AI, India is poised to become a leader in this space[1]. The rise of women-led startups, which have increased from 10% in 2017 to 18% in 2022, is another exciting development[1]. As we look ahead, it's clear that the Indian startup ecosystem is entering a new era of innovation and growth. By focusing on deep tech and AI, and addressing challenges like access to funding and regulatory hurdles, the ecosystem can continue to thrive and make a significant impact on the global stage. #StartupEcosystem #DeepTech #AI #Innovation #India #Entrepreneurship