The January 2022 snapshot of India’s technology, venture capital and startup news headlines, collected from Startup News Asia’s daily updates
Get tech news from across SE Asia and the Indo-Pacific from Startup News Asia’s social media channels – Twitter, Facebook, LinkedIn, Instagram – or from the Startup News Asia mobile app.
Catalyst 2022 program for social entrepreneurs using 5G
Accenture: Rewire For Success – India and AI (pdf))
- India: AIC-SMUTBI selected as first incubator from Northeast India to become part of Startup India Seedfund portfolio, serving 73 startups from across the region
- IndiaTech, industry association representing consumer internet startups, writes to Finance Minister for clarity on crypto taxation, hoping to clarify crypto vs digital asset status
- ICYMI: Startup India Innovation Week is taking place this week, January 10-16 2022
- India: An intro to Sea6 Energy’s Sea Combine, an automated catamaran that simultaneously harvests and replants seaweed in the ocean
- India: Agility Ventures angel investor network gains Securities and Exchange Board of India approval for $60M angel fund, looking at 3-4 years’ worth of startup investments
- India: Pepper Farms raises $1M with end-to-end virtual management of a growing network of vegetable farms, combining small and fragmented farms into a single market entity
Australia–India cooperation to support the region in the post-Covid-19 context
- India: Rupeek raises $34M with lending against gold as collateral, aiming to monetise India’s $1.5TN privately-held stores of the precious metal
- “Indian SaaS firms could corner about 8% to 9% of the global market by 2025, churning out as much as $30 billion in annual revenues…”
- India: MedPiper Technologies launches MConnekt, a web-based platform where doctors can ‘discover, engage, and connect’ with digital health platforms whilst seeking work opportunities
- India: Turnip raises $12.5M with mobile-first gaming community platform supporting slow ‘net connections and basic devices, looking at Web3, tokenization, NFTs and more
- India: National Startup Awards unveils 46 firms selected for 2021 awards, evaluated across 6 parameters including social impact
- India: IIM Udaipur launches Climate Change Innovation Grant for eligible startups, with applications closing February 11th
- India: Ministry of Electronics and Information opens Chips to Startup Programme, aiming to train 85K engineers in bid to boost domestic semiconductor industry
EY: The winds of change – trends shaping India’s FinTech sector (pdf)
- India’s nCore games firm raises $10M in round led by Animoca Brands and Galaxy Interactive, with portfolio of gaming studios and sights on NFTs, the metaverse and tokenization
- India: StockGro gains $32M Series A funding with ‘social investment platform’ that also helps users to learn about and participate in stock markets
- India: Delhi gov’t partners Camp K12 edtech startup to bring coding and 21st-century skills to schools, rolling out a a coding curriculum on school campuses
- India: Reevoy raises $4M with platform helping importers source products from Indian exporters, whilst also providing working capital to finance transactions
- India: National Payments Corporation is testing a new solution for Unified Payments Interface framework to enable digital payments without active internet connections
India: BollyCoin NFT marketplace
- India: T-Series music label partners Hefty Entertainment for Hefty Metaverse NFT project, focusing on Hungama’s 90M active users, and Hefty’s 395M YouTube subscribers
- Federation of Indian Chambers of Commerce & Industry, Indian Angel Network and others join to launch $150M UAE-focused startup fund
- India: 6th edition of Sequoia Surge unveils 20 tech startups from sectors including cybersecurity, digital payments, education-tech and more
- India: Our Food raises $6M with franchise model allowing farmers to run regional crop-specific processing, procuring and processing material from multiple farmers from nearby villages
- India: iMocha raises $14M Series A with AI-driven simulators, interviewing tools, and talent analytics to help organisations find job-matched candidates
- India: Ola ride-share platform to expand Ola Dash ‘quick commerce’ service with 500 new ‘dark stores’ – online order fulfilment facilities – in 20 cities over the next 6 months
The US Dollar in the Age of Digital Transformation (pdf)
Today’s tech news
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