India’s technology news headlines across October 2024 covered the country’s tech successes, and challenges, including: India’s many moves in its fast-growing space industry; growth and developments in India’s semiconductor manufacturing industry; a cyber-attack exposing data on 31 million citizens; and many more, each linked below.
India market reference:
- India’s population (2023): 1.4 billion
- India’s online population: 881M / 62.6%
- India’s median age: 29.8 years
Also: Asia’s Tech News, Weekly >
- India: Karnataka state gov’t unveils ELEVATE 2024, a grant-in-aid seed funding scheme for early-stage startups, and KAN acceleration network / full item
- India: Hanooman AI launches Everest 1 multilingual LLM, a model supporting 35 languages currently and with plans for 90, built with NVIDIA partnership / full item
- India continues space position with Chandrayaan-4 mission targeting a lunar south pole landing for samples collection, potentially in 2028 / full item
- Video: A 25-minute look at India’s fast-growing space industry, from Bloomberg / full item
- India: Kerala Startup Mission partners with and invests $1.8M in Transition VC fund, looking to accelerate clean energy and decarbonisation startups / full item
- India: IndiGo, the country’s largest airline, gains regulator approval for IndiGo Ventures venture capital fund, with sights on pre-A, A and B Series tech and aviation investments / full item
- Download: ‘India’s Generative AI Startup Landscape 2024’, an October 2024 report from NASSCOM / full item
- India looks to auction, not allocate, satellite spectrum for sat-delivered internet, raising possibility of Starlink service alongside home-grown Bharti Airtel and Reliance Industries / full item
- ICYMI: “Satellite internet market in India is set for growth and has the potential to generate US$1 billion revenue in the near future.” / full item
- India: Space Based Surveillance project approved for Phase 3 launch of 52 AI-backed satellites over 5 years to boost land and sea surveillance capabilities / full item
- Reserve Bank of India Governor sees risk in financial services adoption of AI tech, both in concentration of tech providers and in vulnerabilities to cybercrime / full item
- Space Kidz India launches ShakthiSAT, a globally-minded initiative to train 12000 female high school students in aspects of space technology / full item
- India: Star Health & Allied Insurance confirms data breach, with hackers releasing data of 31M policyholders, over 5.8M claims, full names, addresses, medical reports and more / full item
- India’s first energy transition-focused startup accelerator preps for its first cohort, targeting startups in decarbonisation, energy storage, ‘new energies’ and related fields / full item
- India joins Minerals Security Partnership, US-led coalition of 14 countries and the European Union aiming to expand, diversify and stabilize critical minerals supply chains / full item
- India: IG Drones secures $1M with focus on AI-backed drone tech for defense, with sights on an additional $3M fund-raise in the next 6 months / full item
- “Central & Southern Asia and Oceania is the 3rd-largest crypto region… accounting for more than $750.0 billion in crypto asset inflows between July 2023 and June 2024…” / full item
- “India-based IC design startup L&T Semiconductor Technologies revealed it’s developing 15 products, which will be mass-produced in two years…” / full item
- India: Tech Mahindra looks to 2nd release of Project Indus LLM, working with NVIDIA to process multiple Indic languages and dialects with a focus on Hindi’s 37+ variations / full item
- India: AdOnMo ad-tech raised $25M with network of 50K cloud-connected digital screens, targeting growth to 100K hyperlocal advertising screens across 40 cities / full item
- India: Tata Group continues global semiconductor supply chain bid with subsidiary semicon plant in Kerala, in partnership with Taiwan’s PSMC / full item
- L’Oréal Big Bang Beauty Tech Innovation Program selects 4 Singapore startups and 4 from India for finals, working in customer-serving technologies and insights / full item
- Australia’s NSW Gov’t partners India’s Afthonia Labs incubator for accelerator to help NSW startups enter and thrive in Indian markets, selecting 8 fintech firms for cohort 1 / full item
- Singapore’s Princeton Digital Group data centre firm acquires powered land for 500MW capacity expansion, adding new facilities in India, Malaysia and Indonesia / full item