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Karnataka Becomes The First State In India To Grant Funds To Startups

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For the very first time, Karnataka became the first state in India to grant funds for 8 startups in the Tourism sector which had won a hackathon. And also that they were given over 25% of Rs.1.90 crores that they had collectively won.

This all started when the tourism hackathon competition was held for the budding startups. And the winners were declared that they would be honored with some prize money.

Yesterday, it was about five minutes to 5 P.M., when Karnataka’s IT and Tourism Minister Priyank Kharge entered into the hall room of the Vidhana Soudha. The honorable CM was about to be in the hall in any second to hand over the cheques to the startups who won the competition.

Surprisingly, none of the eight winners turned up to receive their prizes. Then a group of officials swung into action to reach for the winners in whatever way they can be communicated. Some were stopped by the security and some however managed to enter the hall. After the CM Siddaramaiah strode in, the startup founders were glad to at last reach the main building where the CM and the officials were present.

IT Minister Priyank told the CM that a total of Rs. 1.9 crores was granted to these startups. These startup companies developed ideas and products that enhanced the tourism experience. He also added saying that it is the first kind of initiative in India where winners of the Pitch to Government–Tourism Challenge held in November 2016 are receiving their first installment cheques.

These 8 winners were selected among 127 online registrations and each will be receiving anything between Rs. 5 lakh and Rs. 50 lakh.

The hackathon contest was conducted by the Karnataka Startup Cell, Karnataka Biotechnology and Information Technology Services, ( KBITS,) Department of IT and BT and the Department of Tourism.

The sole objective of this competition is to encourage those innovators who may need early stage funding to stimulate commercialization of their inventions and to help in validating proof of concept.

“Our focus is to create a strong startup ecosystem with a bottom-up mentality.” said Gaurav Gupta Principal Secretary of IT, BT and Science and Technology.

These are the 8 startup companies who emerged as winners:

1) AOO Hostels – Rs. 40 lakh

2) Highway Delite – Rs. 35 lakh

3) DigiTour Technologies – Rs. 25 lakh

4) TripdAiry – Rs. 20 lakh

5) Aseuro Technologies – Rs. 25 lakh

6) Moving up Products – Rs. 5 lakh

7) Trip on Food – Rs. 5 lakh

8) Highir Technologies – Rs. 25 lakh

Well, good luck all.

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Apple to Shift Entire US iPhone Assembly to India by 2026

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Apple - StartupStories

Apple is set to relocate all assembly of iPhones destined for the US market from China to India by the end of 2026, marking its biggest manufacturing shift in decades. The move is driven by escalating US-China trade tensions and steep tariffs—up to 145% on Chinese imports—making Chinese assembly increasingly costly for Apple. Although some smartphone imports are temporarily exempt, a 20% duty still applies to Chinese-made iPhones entering the US.

 

India, in contrast, offers a more favorable trade environment, with a paused 26% reciprocal tariff and ongoing negotiations for a bilateral trade deal with the US that could shield Indian exports from future levies. Apple plans to more than double its current iPhone output in India, aiming to assemble over 60 million units annually for the US market. The company already produces about 25% of its global iPhones in India, working with partners like Foxconn, Tata Electronics, and Pegatron.

 

This shift is part of Apple’s broader strategy to diversify its supply chain and reduce reliance on China amid geopolitical risks. However, the transition’s success will depend on how quickly India can scale up its manufacturing capabilities and the outcome of ongoing trade negotiations.


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Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

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Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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