Amazon Web Services Collaborates With Indian Startups and More Startups News

Amazon Web Services Collaborates with Indian Startups to Expand Global Reach

Gaurav Arora, head of startup business in Asia Pacific and Japan at AWS, expressed excitement over the growing momentum of Indian startups scaling globally. He highlighted India's openness to innovation, noting that many solutions originating from India eventually reach a global audience. Over half of the recent AWS US GenAI delegation consisted of Indian startup founders, including Shiprocket. AWS's GenAI initiative focuses on providing practical AI solutions, enabling startups like Yellow.ai and INDmoney to leverage custom chipsets and serverless access. With investments totaling $12.7 billion by 2030, AWS aims to foster innovation and contribute significantly to India's GDP by 2030.

MeitY Startup Hub Hosts 'Startup Mahakumbh' to Foster Growth and Collaboration

The Ministry of Electronics and Information Technology (MeitY) is spearheading the Startup Mahakumbh event in Delhi from March 18 to March 20, 2024, supported by Invest India and Startup India. This initiative aims to showcase the progress of India's startup ecosystem, offering masterclasses and workshops for both startups and incubators. The MeitY Startup Hub (MSH) will conduct sessions covering various aspects of entrepreneurship, including business models, investor pitching, and marketing strategies. With over 1,000 startups, investors, and incubators expected to participate, the event will celebrate innovation across sectors like AI, agritech, fintech, and more. Through initiatives like the 'Investor Connect Programme,' MeitY is ensuring that startups from all corners of India receive recognition and support in their entrepreneurial journey.

India's Startup Landscape Soars as Startup Mahakumbh Commences

Startup Mahakumbh, India's largest celebration of startups, commenced in New Delhi on March 18, 2024, with esteemed government and private officials in attendance. Rajesh Kumar Singh, Secretary of DPIIT, termed the event as a pivotal moment for the Indian startup ecosystem, aligning with the Prime Minister's vision of national development. Amitabh Kant emphasized India's remarkable startup journey and the need to propel the nation to global leadership. The event featured insightful panel discussions, including one on conquering new markets in the pharma and biotech sector. With a host of esteemed partners, Startup Mahakumbh aims to foster collaboration and innovation, driving India's startup ecosystem to greater heights.

Government Nears Release of Dedicated Deeptech Startup Policy to Propel India's Innovation Landscape

In a significant move to bolster India's startup ecosystem, the government is finalizing a dedicated deeptech startup policy. Rajesh Kumar Singh, Secretary of DPIIT, expressed confidence in the policy's imminent release, highlighting its tailored support for deep-tech ventures. Plans for a specialized fund-of-funds were also outlined to further aid these startups. Speaking at the Startup Mahakumbh event in New Delhi, Singh underscored the government's commitment to supporting startups, citing their crucial role in India's economic growth. With over one lakh startups now in the ecosystem, Singh emphasized the need for government initiatives to provide startups with the initial impetus they require to thrive. Celebrating India's status as the third-largest startup ecosystem globally, Singh echoed PM Modi's vision of collective efforts towards national development by 2047.

Innovation Key for Startup Survival Amidst Tech Evolution, Says Zomato CEO

Deepinder Goyal, CEO of Zomato, emphasised the imperative for startups to innovate continuously to stay relevant in an era of rapid technological evolution. Speaking at the Startup Mahakumbh event, Goyal stressed that traditional business models are becoming obsolete within a decade or two due to evolving technology and distribution systems. He highlighted Zomato's journey of disruptive innovation, aiming to build generational businesses. Goyal mentioned Blinkit, Zomato's quick commerce venture, potentially surpassing its parent company in a year. Rajan Anandan of Peak XV Partners echoed Goyal's sentiment, emphasizing the importance of building high-quality businesses amidst ample capital availability, with the startup ecosystem poised to attract billions in funding this year.