Starkenn Technologies, founded in 2022 by brothers Sumedh Badve and Swastid Badve, is revolutionizing vehicle safety in India with its Advanced Driver Assistance Systems (ADAS). The Pune-based startup offers solutions like Brake-Safe, Attention, and Stark-I, which enhance driver safety and reduce accidents. Recognized by the DPIIT, Starkenn has deployed its technology in over 2,500 vehicles, serving industries such as mining and logistics. The company plans to expand its reach in the commercial fleet and logistics sectors, aiming to become a leading indigenous ADAS provider.
TedTech Traders, founded in 2019 in Vasai, Mumbai, has rapidly transformed from an online LED seller to a pioneer in LED home decor, merging technology with traditional designs. After observing customers’ desire for authentic diya experiences, TedTech introduced the Water Sensor Diya, which activates when filled with water. With patented products like the LED Lotus Reflection Diya and 3D Reflection Water Sensor Diya, TedTech has expanded to seven countries and recently launched app-controlled LED panels. As a certified ISO 9001:2015 company, TedTech continues to deliver innovative, affordable lighting solutions, staying committed to quality and local manufacturing.
Indian spacetech startup GalaxEye has teamed up with SpaceX to launch its first multi-sensor Earth observation satellite, Drishti, in 2024. The satellite will use Synthetic Aperture Radar (SAR) and Optical/Multispectral Imaging (MSI) to capture high-resolution images in all weather conditions. This marks the beginning of a five-satellite constellation, aiming to offer daily revisits and sub-1 meter resolution by 2025. The collaboration highlights India's growing presence in the global spacetech industry, aligning with the “Make in India for the World” initiative.
Zomato is once again venturing into logistics with the revamped launch of Xtreme, its parcel delivery service. After suspending the service in July due to low demand, the food delivery giant is now refocusing Xtreme to align with its core strength—last-mile food delivery. Initially aimed at a broad logistics market, Xtreme 2.0 will now serve restaurants that manage their own orders but need high-quality delivery solutions. This move is part of Zomato’s ongoing strategy of experimentation, testing new business lines while staying anchored in its food delivery expertise. Will this pivot lead to lasting success? Only time will tell.
Infosys has announced a $2 million investment in Indian Earth-observation startup GalaxEye Space as part of its Series A round. This partnership aims to enhance satellite data fusion, AI-driven analytics, and next-gen space technologies. GalaxEye, founded by Suyash Singh and his IIT Madras colleagues, is set to launch the world’s first multi-sensor Earth-observation satellite in 2025. The satellite, equipped with synthetic aperture radar and multispectral sensors, will offer unique capabilities for the Indian Armed Forces, including low-light surveillance and camouflage detection. The Infosys investment follows GalaxEye’s recent $6.5 million Series A funding.
AWS has selected seven Indian generative AI startups for its Global Generative AI Accelerator program, the largest group from any Asia-Pacific country. Startups like Convrse, House of Models, and Neural Garage will receive up to $1 million in AWS credits, technical support, and mentorship. This initiative will help them scale globally using AWS's AI infrastructure, including tools like Amazon SageMaker and AWS Trainium. These startups will also present their innovations at the re
event in Las Vegas, providing opportunities for global exposure and investor connections.
YourStory’s Tech30, a highlight of the TechSparks event, is calling for applications for its 2024 cohort. This initiative identifies and showcases India’s top 30 most promising tech startups, offering them a platform to demonstrate their innovation and potential. Past Tech30 alumni include industry disruptors and unicorns such as Freshworks and Chargebee, reflecting the high caliber of startups recognized through this program. Selected startups will benefit from exclusive exposure at TechSparks Bengaluru 2024, taking place from September 26 to 28. They will have the opportunity to present their ideas, connect with potential investors, and network with industry experts and mentors. Applying for Tech30 offers a chance to join a prestigious group of emerging leaders and gain significant traction in the tech ecosystem.
IndusDC, committed to reducing 1 giga tonne of CO2 emissions by 2035, has earmarked Rs 100 crore for supporting tech startups in the industrial and energy sectors for FY25 and FY26. Aiming to launch five startups within two years and over 50 globally in a decade, each will receive up to Rs 20 crore from a mix of grants, equity, and debt. Founded by Kushant Uppal, Satyanarayanan Seshadri, and Kaustubh Hanmantgad, IndusDC has secured an investment from Mirik Gogri of Spectrum Impact. They're collaborating with IIT Madras on three hard-tech startups and planning to partner with other research institutes to harness intellectual properties for scalable ventures.
In a significant move to strengthen the startup landscape across ASEAN nations, the Foundation for Innovation and Research Support (F.I.R.S.T) at IIT-Kanpur signed a Memorandum of Understanding (MoU) with the ASEAN Economic Forum. The signing ceremony occurred at the India-ASEAN ScaleHub Programme 2024 in Bali, Indonesia. This collaboration aims to enhance technology access, market opportunities, and business connections for startups in ASEAN countries. Funded by the Indian government through the ASEAN-India Science and Technology Development Fund, the India-ASEAN ScaleHub Programme is supported by the Department of Science and Technology and Ministry of External Affairs. It promotes India-ASEAN partnerships through innovation-driven activities, fostering economic ties, and sustainable development. The event gathered senior stakeholders and 40 startups, providing resources, mentorship, and opportunities for business expansion across ASEAN markets.
California-based Glean Technologies has opened its first office in Bengaluru, India, spanning 26,000 square feet. This new hub will centralize the company’s finance, sales, research and development, and business operations in India. Founded in 2019 by Arvind Jain, Vishwanath T R, Tony Gentilcore, and Piyush Prahladka, Glean Technologies is known for its enterprise search and knowledge management solutions that integrate company data across various platforms. Headquartered in Palo Alto, Glean has raised $350 million from top investors, achieving a valuation of over $2.2 billion. The company plans to expand its workforce from 150 to over 450 employees by next year, focusing on R&D in Bengaluru. Glean is also growing its APAC customer base through strategic partnerships with major enterprise firms.
Raja Manickam, CEO of Tessolve, has launched iVP Semi, a fabless semiconductor startup, securing $5 million in Pre-Series A funding from undisclosed investors. The funds will be used to establish testing facilities and expand operations in India, with plans for chip design centers in Chennai and Bengaluru. iVP Semi aims to localize semiconductor chip production, enhancing technological autonomy for Indian companies. iVP Semi is collaborating with the Tamil Nadu government to set up a 20,000 sq. ft. “production test” facility in Chennai by October 2024 and plans a second unit in South India. The launch aligns with rising semiconductor demand, supported by government incentives, and aims to bolster India's position in the global semiconductor market.
Bengaluru India Nano aims to highlight the most innovative startups in Nanoscience and Nanotechnology. During the 13th event, these startups will present pioneering concepts, emphasizing Nanotechnology's crucial role in their products or services. This platform allows startups to showcase their ideas to industry leaders, research experts, policymakers, venture capitalists, and global startups. With over 700 delegates representing international organizations, the event offers invaluable exposure. The BIN-2024 Conference committee manages the selection process. Startups will connect with leading experts, mentors, top corporations, and investors. Eligible startups must be registered in India and less than 10 years old. Applications close on July 10, 2024.
Jaipur-based Fabriclore has raised $1.6 million in funding led by PeerCapital from Bengaluru and Regal Fabrics from the UAE. This tech-enabled fabric sourcing platform for fashion businesses will use the funds to expand its presence in key markets, including India, the Middle East, Europe, and the USA. The company will invest in technology to streamline operations, enhance customer experience, and scale internationally. Founded in 2016 by Vijay Sharma, Sandeep Sharma, and Anupam Arya, Fabriclore offers a wide portfolio of cotton, viscose, sustainable, and polyester fabrics. With a catalogue of 10,000 SKUs developed by over 550 suppliers, it has onboarded over 200 private labels within 12 months of its B2B pivot. Fabriclore also created the Fabric Experience Studio in Jaipur and plans more in tier-A cities in India and the UAE.
