The June 2020 startup news round-up for India, pulled from Startup News Asia’s daily news feeds
The June 2020 round-up of India’s startup news focuses, wherever possible, on early-stage tech startup headlines. Headlines are gathered at the country level to provide the widest possible overview of developments in India’s startup ecosystem, as reported online in the English-language press.
Links below lead to India’s startup news headlines reported online in, or concerning, India across the month of June 2020 only; each link takes you to the online news article for that headline. Items cover, for example, an Indian startup in the news, or an aspect of India’s startup ecosystem – VC firms, funds, entrepreneur and startup support programs, industry news and so on.
- India: Two low-cost COVID-19 detection solutions developed by Indian Institute of Technology Delhi gain backing from Microsoft India
- India: A monthly round-up of the country’s, tech, startup and funding news from across May 2020, from Startup News Asia
- India: T-Hub incubator partners China’s OPPO to aid startups scale up, seeking those working in fields including artificial intelligence, 5G, hardware and gaming
- India: OneTouch AppLabs startup’s ‘Remove China Apps’ passes 1M downloads in 10 days of launch due to China’s border incursions in the Himalayas
- India: BankBazaar raises near $6M to add contactless loans solutions to online financial marketplace services
- Indian entrepreneurs to gain from entry of startup-builder Antler, with inaugural program set for H2 2020 launch alongside India-dedicated fund
- India: Gov’t launches AI portal, aiming to provide a one-stop platform for all aspects of the country’s AI-related developments
- India: Gojo & Company, Japanese impact investor, boosts financial inclusion-focused investments with stakes in Satya MicroCapital and Aviom, women-focused lender
- India: Gov’t establishes Empowered Group of Secretaries chaired by cabinet secretary to boost investments into Indian startups and businesses, post-COVID
- India: Inaugural edition of Land Accelerator South Asia set for New Delhi launch in December, focusing on land degradation solutions – cohort to be announced this month
- ICYMI: Facebook inks global licensing deal with one of India’s largest music labels, giving users choice of over 100K songs in 25 languages for Facebook, Instagram posts
- India: A brief overview of Google’s reason for deleting Remove China Apps from the Play Store
- India: An intro to 18 meat-free startups aiming to change the country’s eating habits
- India: Reserve Bank creates $66M Payments Infrastructure Development Fund to improve payments ecosystem in rural and operationally expensive locations
- Uber India head role expands beyond South Asia to also encompass Bangladesh, Sri Lanka, South Korea, Japan, Taiwan, Hong Kong, Australia and New Zealand
- India: M12, Microsoft venture arm, opens Bengaluru office to focus on B2B software startups working in AI, business applications, infrastructure, security and more
- India: LovePay fintech to launch at month-end, targeting 13-25-year-olds with under-18s receiving a parent-controlled account, and over-18s a full account
- India: A quick overview of WhatsApp Pay’s challenges, and challengers, in the country’s e-payments space
- India: Gov’t may move to introduce law banning private cryptocurrencies
- India: Draper Startup House launches seed-stage investment syndicate platform, Draper Venture Syndicate Network
- India: Flipkart e-commerce giant, owned by Walmart, to roll out AI-powered voice assistant, supporting Hindi and English and with plans for more languages
- India: Tech Mahindra’s T-Block Accelerator unveils 30 startups selected for first cohort of blockchain-focused program
- India: Rentomojo raises $2.97M with online furniture, appliance and electronics rental platform
- India: Hapramp Studio social network provider gains $1M seed with 3 creator-focused areas – online community, crypto-based reward system, and security and privacy standard
- India joins Global Partnership on Artificial Intelligence, multi-stakeholder global coalition aiming for ethical development and use of AI
- 8 startups selected for UNICEF Cryptocurrency Fund backing, including 2 from India and 1 from Cambodia
- India: A brief look at 19 startup funding announcements from the week July 15-20, spanning fintech, healthtech, ecommerce and more
- India: An intro to 11 of the country’s fintech startups and scale-ups, working in loans, APIs, home ownership and more
- AngelList India launches EquityList, free platform for founders to manage cap table, documenting a firm’s ownership percentages, equity value in each round and equity dilution
- India: Instasolv gains $2M from Vedantu education-tech company with ‘doubt-solving’ app for high school students
- India: 91springboard coworking space operator raises $5.9M with 27 spaces available nationwide so far
- India: An intro to AIGROEDGE Technologies, combining IoT devices and analytics platform to assess and help improve agricultural conditions
- Download: India Venture Capital Report 2020, from Bain & Company (pdf)
- India: An intro to 4 of the country’s women entrepreneurs, working in electric vehicles, air pollution, sustainable toys and sanitary products
- IndiaRath borderless incubator applications for the Summer 2020 cohort are now open, offering a 24-week program globally
- The Philippines’ Ayannah fintech merges with India’s Electronic Cash and Payments Solutions to focus on digital financial services to SEA’s growing middle class
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