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Aavishkaar Capital has closed its India Fund VI at $263 million, targeting early to mid-stage startups in green sectors, fintech, and those enabling rural AI access across India. This fund aims to drive sustainable development and financial inclusion through impact investing.
Indian AI startups are witnessing a substantial surge in funding, particularly for those focused on deep tech innovations. This trend highlights increasing investor confidence in India's capacity to build advanced AI solutions and marks a pivotal moment for the nation's tech ecosystem.
The Indian government has officially removed the Merchant Discount Rate (MDR) for UPI and RuPay debit card transactions below ₹2,000, effective January 1, 2020. This significant policy aims to accelerate digital payment adoption across India, making small-value transactions free for merchants and co
The United States has assured India of continued access to key AI technologies, signaling a robust strategic partnership despite tightening global export control directives. This commitment aims to prevent any hindrance to India's rapidly developing AI ecosystem and foster innovation.
India recorded a staggering 3.5 lakh AI job openings within a mere 90 days, underscoring a significant surge in demand for AI professionals across diverse sectors. This boom positions India as a rapidly emerging hub for AI talent and innovation.
India's startup ecosystem has shown significant recovery, securing $128 million in funding with fintech firms spearheading the revival by attracting $76 million. This rebound, driven by early-stage investments, signals renewed investor confidence and robust growth opportunities across diverse sector