24 Jul 2019

1. Crypto startups say panel clueless about ledger technology The committee, led by Economic Affairs Secretary Subhash Garg, has proposed jail terms of up to 10 years for anyone indulging in crypto activities like mining and trading. A recommendation to ban virtual currencies is a “regressive step” and reflects “poor…

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23 Jul 2019

1. Microsoft Commits $1 Billion To OpenAI Partnership To Build Its AI Systems On Azure On Monday, #Microsoft announced an “exclusive computing partnership” and a $1 billion “investment” into OpenAI, the non-profit artificial intelligence research company co-founded by Elon Musk, Ilya Sutskever, Greg Brockman, and former Y Combinator president…

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22 Jul 2019

1. Signed, sealed, Delhivered: ET Startup Awards 2019 zeroes in on the best of Indian startups  Logistics and supply chain services company Delhivery won #top honours at #India’s biggest awards for startups, joining peers distinguished by technical and entrepreneurial prowess. A distinguished jury led by Uday Kotak, managing director…

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20 Jul 2019

1. ShopClues lays off 200 people to cut costs  #E-commerce platform ShopClues has laid off about 200 employees as it struggles to rein in costs in the hyper-competitive online shopping segment in #India. ShopClues posted losses of Rs 2.08 billion (Rs 208 crore) for the year ended March 2018….

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19 Jul 2019

1. India’s startup scene isn’t as sexy as China’s, but it’s growing  #India’s four largest unicorns are in online payments, #e-commerce, ride-hailing and education. No shame in meeting the simplest of human needs. #India’s #startup scene is relatively new compared with China’s, and its #economy is much smaller despite their…

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18 Jul 2019

1. New boost for UK and India’s startup sectors The Go Global programme is a successful innovation scheme supporting #startups to work with UK expertise to take their firms to the next level. India is home to a thriving #digital sector worth approximately $200 billion and is a growing hub…

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17 Jul 2019

1. TikTok parent eyeing content startup deals in big push into India ByteDance plans to replicate its China playbook in #India by creating a bouquet of #apps. The move comes at a time when several Chinese funds are turning their attention to #startups in #India, as its domestic consumer…

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16 Jul 2019

1. ET Startup Awards 2019: Feting the best among entrepreneurs  The awards are in eight categories, including the #Startup of the Year, and a jury comprising the country’s top #business leaders, investors and #startup entrepreneurs will meet in Bengaluru on Friday to select the #winners. High-powered jury to select…

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15 Jul 2019

1. Fusion energy startups see renewables leaving a gap in power market Countries with limited space and poor solar conditions like the UK, as well as places with rapidly expanding #power grids like #India are ideally suited for fusion. The #world needs explosive #growth in renewable #energy for the next…

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12 Jul 2019

1. Samsung invests in four startups, has plans to fund 100 more  The company has already lined up its next few investments and will cut a minimum of one to two cheques every month going forward. South Korean conglomerate Samsung Group has invested in four #Indian #startups, its first in…

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