The Q2 quarterly summary of startup, VC and tech news from India, covering April, May and June of the year.
In June 2024 | In May 2024 | In April 2024
PwC India: Fintech – Powering India’s USD 5 Trillion Economy (pdf link)
Indian tech news: June 2024
- Startup Sprint 2024 from Buhler India opens applications, seeking food- and agri-tech startups focusing on food processing and related value chains / full item
- India: Ecom Express logistics firm to raise $172M, adding to 3000 existing e-commerce focused facility centers serving over 2700 towns / full item
- India: Doordarshan public service broadcaster has rolled out farmer-focused news using 2 AI-generated presenters, aiming to soon broadcast in 50 of the country’s languages / full item
- Indo-U.S. Global Challenges Institute preps for launch, an initiative of the Council of Indian Institutes of Technology and the Association of American Universities / full item
- India and US agree to co-invest in South American lithium project, and rare earths deposit in Africa, to diversify mineral supply chains, alongside a range of other partnership projects / full item
- India: China’s Vivo smartphone giant reportedly to sell factory stake to Tata Group, responding to tightening scrutiny of foreign businesses operating in India / full item
- India: Jio Platforms gains approval from space regulator to operate satellites, overtaking Starlink and Amazon services in provision of satellite-delivered internet / full item
“Amazon plans to invest about $12.7bn in cloud infrastructure in India by 2030, while Microsoft has committed about $3.7bn to India’s southern state of Telangana, local officials have said.” / full item
- India to host annual SEMICON event in September, the world’s leading semiconductor industry event / full item
- India’s Tata Steel and Australia’s Monash University ink MoU to establish sustainability-focused innovation centre / full item
- India: Ethereal Machines gains $13M with multi-axis CNC manufacturing, allowing precision parts for aerospace, defense, consumer electronics and more / full item
- India: The StepUp Ventures incubator cohort 4 Demo Day is set for June 20-21, showcasing 10 startups from Tier 2 and Tier 3 cities / full item
- ‘A growth agenda for India-Australia economic ties’, a short piece that touches also on blockchain, digital payments and, of course, geopolitics / full item
- Startup Ecosystem Pulse Report, SEA and India edition, is available now, drawing on survey of 600 across Singapore, India, Indonesia and The Philippines / full item
- TCS, India’s largest IT services firm by market cap, launches WisdomNext aggregated generative artificial intelligence platform, focusing on enterprise adoption of GenAI tech / full item
- ‘Decoding The $150 Bn+ Semiconductor Market Opportunity For Indian Startups’, an overview drawn from Inc42’s ‘The Rise Of India’s Semiconductor Startups Report 2024’ / full item
India “…is on track to add up to 850 megawatts of new [data center] capacity in the three years through 2026, nearly doubling from about 950 MW at the end of last year…” / full item
- India: Adani Group multinational conglomerate to step into e-commerce and digital payments, positioning as a competitor to Google and India’s Reliance Industries / full item
- Australia’s Space Machines Company inks Launch Service Agreement with NewSpace India, government company under Indian Space Research Organisation, for SMC’s next sat launch / full item
- ‘Autocratic Connectivity In China And India’: “The ruling parties of the world’s two largest nations are fusing high-tech tools with old-fashioned patronage and local wardens.” / full item
- China launched Pakistan’s PAKSAT MM1 from Sichuan, ostensibly to provide better and widespread internet access, and building on early-May iCube-Qamar launch / full item
“…estimated that the Indian semiconductor market will exceed $55 billion by 2026. Moreover, the country’s domestic electronics production output is projected to surpass $300 billion by 2030.” / full item
May 2024: Indian Tech news
- India: NoPo Nanotechnologies boosts production of advanced material that can replace silicon in semiconductors and batteries, with samples supplied to chipmakers in Japan and Taiwan / read it here
- India’s AI-led data centre growth set to fuel ‘demand for 10 million square feet of real estate space, attracting investments of $5.7 billion’ / read it here
- India: Gov’t establishes inter-ministerial committee of law and intelligence agencies to tackle increase in SEA transnational cybercrime affecting Indian citizens / read it here
- “India’s elections are a glimpse of the AI-driven future of democracy. Politicians are using audio and video deepfakes of themselves to reach voters…” / read it here
- The 2024 India Space Congress is set for June 26-28, organised by Satcom Industry Association India / read it here
- India’s Compute Conundrum: “…given the problem of scarcity, there is a need for deeper analysis on how India’s compute capacity should be enhanced and whether it is the right goal to pursue.” / read it here
- India: Agnikul Cosmos now to launch its 3D-printed, semi-cryogenic Agnibaan rocket in late May, early June, following canceled April launch due to tech issues / read it here
- India: WEF survey of analysts finds risks to the country arising from disinformation and misinformation rank highest, above infectious disease, crime and inequality / read it here
- India: Zoho SaaS giant to make semiconductor industry bid with planned investment of $700M in chipmaking, with eyes also on gov’t subsidies / read it here
- India: Amazon opens season 4 of Propel accelerator program for applications, looking to prepare 50 Indian startups for global markets in 2024 / read it here
- India: Chandrayaan-4 moon sample mission prep now underway with Indian Space Research Org’n working on plans for the follow-up to last year’s Chandrayaan-3 lunar landing / read it here
- India: Lam Research, a US semicon major, to expand India presence for global semiconductor fabrication equipment supply chains / read it here
- India: Mindgrove Technologies semicon startup rolls out India’s first commercial high-performance system-on-chip based on RISC-V open-standard architecture / read it here
- More on Mindgrove Technologies, RISC-V firm producing system-on-chip units for mid-level devices / read it here
- Reserve Bank of India governor: “One of the key features of cash is that it works offline… We are working on making the CBDC transferable in the offline mode also…” / read it here
- India: Chandrayaan-4 moon sample mission prep now underway with Indian Space Research Org’n working on plans for the follow-up to last year’s Chandrayaan-3 lunar landing / read it here
- India’s L&T Technology Services IT services firm inks $48M deal with Europe’s Forvia auto supplier for engineering development activities focused on ‘clean mobility’ / read it here
- India’s Digantara joins Space-MAITRI – Mission for Australia-India’s Tech, Research & Innovation – project, adding optical tech to Australia’s Space Machines for debris monitoring / read it here
- India: Kerala’s Alibi Global inks MoU with IIT Bombay on tech transfer for Spherical Robot surveillance tech developed for defence and law enforcement use in compromised environments / read it here
- Agri-tech startups from Singapore and India feature in 8 firms selected for 5th cohort of AgFunder GROW Impact Accelerator / read it here
Video: ‘US–India relations and the Indo-Pacific’, a discussion from Chatham House / view it here
April 2024: Tech in india
- Indian Institute of Tech Madras partners Starburst, French aerospace and defense startup accelerator, to establish startup backed by 100M Euros to boost India’s aviation, space and defense ecosystems / read it here
- A brief overview of emerging rivalry between India and Pakistan in the space domain / read it here
- India’s Polymatech Electronics inks MoU with Japan’s Orbray to expand semiconductor wafer production and expertise / read it here
- India: Agnikul Cosmos space firm postponed maiden launch of Agnibaan rocket for the second time, delaying Indian test of semi-cryonic engine / read it here
- India: More on the €100M partnership between Indian Institute of Technology Madras and France’s Starburst Accelerator, aiming to boost India’s aviation, space and defense ecosystem / read it here
- India’s Tata Group conglomerate heading to Taiwan in high-level tech talent hunt, looking initially at growthe in the consumer electronics semiconductor sector / read it here
- India: Space-tech firms set to meet with Elon Musk on sidelines of the billionaire’s upcoming visit for discussions around Tesla and StarLink services / read it here
- India: Tesla inks deal with Tata Electronics to procure semiconductor chips for worldwide operations / read it here
- India: An intro to Digantara’s Space Domain Awareness Command & Control Centre, aiming for multi-domain activities from satellite assembly to space object monitoring / read it here
- India: Hewlett Packard Enterprise rolls out ‘Made in India’ servers, part of supply chain diversification move / read it here
- India: Tata Group reportedly taking majority stake in Taiwan’s Pegatron’s India operations, looking at iPhone manufacturing and facilities construction, and building on Tata’s recent Wistron deal / read it here
- India Australia Rapid Innovation & Startup Expansion – RISE – Accelerator unveils 15 startups and SMEs selected for the program’s first edition, focusing on circular economy solutions / read it here
- “India is in talks with several countries seeking partnerships for technical help on lithium processing… to bolster its nascent lithium mining and electric vehicle industries and avoid relying on China.” / read it here
- India: Dhruva Space raised $9.6M Series A2 funding with plans for mass production facility for satellite-focused equipment / read it here
- Consortium of Indian Industries in Malaysia and India ASEAN Startup Summit ink MOU looking to boost startup and innovation exchanges / read it here
- “Taiwan is also interested in stepping into the Indian semiconductor industry because the Indian government has already announced it would cover 50% of the costs of setting up semiconductor fabs.” / read it here
- Australia-India Cyber & Critical Technology Partnership Grant Round 4 applications are open – deadline is May 24th / read it here
- Online now: March 2024’s collected tech news summaries from across Asia and the Indo-Pacific / read it here
- A brief overview of the emerging competition in the wearable ‘smart rings’ market, with offerings from South Korea, China and India / read it here
Q2 2024 DDoS Cyber Attacks in Asia Pacific in Q2 2024
Asia/Indo-Pac tech news
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