Connect with us

Latest News

Karnataka Government To ‘Elevate’ 100 Startups

Published

on

Karnataka Government To Elevate 100 Startups,Startup Stories,Startup Stories India,2017 Most Read Startup Stories,Motivational Stories,karnataka government schemes,Karnataka Elevate 100 scheme,Startups in Karnataka,Karnataka Govt Launched Elevate Program,Chief Minister Siddaramaiah

The Karnataka Government in an effort to boost the startup ecosystem has launched the “Elevate Program” to identify 100 of the most innovative startups in Karnataka, to elevate to them to next level of success.

The program will spend Rs. 400 crore to ‘elevate’ the selected startups by providing them funds and mentors to help them turn their ideas into successful businesses. Karnataka’s IT and BT Minister, Priyank Kharge unveiled the program along with the official website and logo for the flagship initiative on Wednesday.

The scheme is the brainchild of the startup cell, Karnataka Biotechnology and Information Technology Services (KBITS) and will help identify startups working in the field of IT, Electronic System Design Manufacturing, Animation Visual Gaming & Comics, Biotechnology, Pharmaceuticals, Agriculture, and Life Sciences.

Startups under this program will also be provided with access to idea validation, incubation facilities and in depth sessions for startups on accounting, legal and emerging technologies.

Speaking at the launch, the IT Minister said through Elevate they will provide startups with technical and business support based on their need along with funding. Till date, the startup cell has identified 46 startups and sanctioned ₹ 15.68 crores in the field of biotech, tourism and IT.

Startups from Mangaluru, Kalaburgi, Mysuru and Hubli will get the opportunity to pitch their ideas to the Elevate team in open houses that will be held by the State Government. Registration began on 4 July 2017 and will be open until 18 July 2017, for all participants across Karnataka.

Chief Minister Siddaramaiah said Elevate is one of the highlights of the work that we are doing to boost trade and business in Karnataka and the Government is happy to be inaugurating the program.

According to the IT Minister, venture capitalists have also been brought on board to help curate and fund startups, although at the initial stages the government will fund the startups to bring them to a point where it is investible for the VCs.

This program has been launched in partnership with the Deshpande Foundation, The Indus Entrepreneurs and others to empower startups and scale operations. The Government of Karnataka has taken tremendous steps to encourage the startup ecosystem. They announced a $ 1.4 million fund for women entrepreneurs in March this year. IT Minister Priyank Kharge has also allocated a $ 1.65 million fund for agritech startups in May and later announced a fund of $ 1.65 million for 26 selected startups in the biotechnology sector.

Continue Reading
Advertisement
44 Comments

44 Comments

  1. Oliveapago

    May 2, 2025 at 12:59 am

    маркетплейс аккаунтов соцсетей https://birzha-akkauntov-online.ru

  2. PeterTinty

    May 2, 2025 at 4:08 am

    аккаунт для рекламы площадка для продажи аккаунтов

  3. Richardneage

    May 2, 2025 at 5:47 am

    продать аккаунт магазин аккаунтов

  4. Jameszoogy

    May 2, 2025 at 9:17 am

    маркетплейс аккаунтов соцсетей безопасная сделка аккаунтов

  5. Oliveapago

    May 2, 2025 at 12:50 pm

    купить аккаунт профиль с подписчиками

  6. BryantGek

    May 2, 2025 at 3:51 pm

  7. Richardneage

    May 2, 2025 at 4:43 pm

    маркетплейс аккаунтов соцсетей гарантия при продаже аккаунтов

  8. Daviddiaby

    May 3, 2025 at 9:11 am

    Account Trading Account marketplace

  9. Jasonbiove

    May 3, 2025 at 9:21 am

    Find Accounts for Sale https://accountsmarketplacepro.com

  10. MichaelTrops

    May 3, 2025 at 11:34 am

    Account trading platform Account Buying Platform

  11. WalterAduck

    May 3, 2025 at 3:50 pm

    Accounts for Sale Sell accounts

  12. Jaredger

    May 4, 2025 at 3:03 am

    Accounts market Sell Pre-made Account

  13. Brianthort

    May 4, 2025 at 3:10 am

  14. RonaldAgeva

    May 4, 2025 at 5:21 am

  15. BruceCal

    May 4, 2025 at 1:36 pm

    Verified Accounts for Sale Account Trading

  16. WilliamFluep

    May 4, 2025 at 2:32 pm

    Accounts marketplace Account Selling Platform

  17. RonaldAgeva

    May 4, 2025 at 5:53 pm

    Marketplace for Ready-Made Accounts Account Selling Platform

  18. EdmundEvawn

    May 5, 2025 at 6:52 am

    secure account purchasing platform account trading

  19. BrandoncOb

    May 5, 2025 at 6:52 am

    buy account accounts marketplace

  20. RomeoRer

    May 5, 2025 at 9:12 am

    buy and sell accounts purchase ready-made accounts

  21. Donaldaffow

    May 5, 2025 at 3:19 pm

    account buying platform buyaccountsdiscount.com

  22. Robertmaymn

    May 6, 2025 at 2:30 am

    ready-made accounts for sale account buying service

  23. KeithPab

    May 6, 2025 at 2:30 am

    secure account purchasing platform social media account marketplace

  24. Hectorvef

    May 6, 2025 at 5:03 am

    sell accounts accounts marketplace

  25. Carloscip

    May 6, 2025 at 10:35 am

    account trading platform account exchange

  26. RichardBer

    May 6, 2025 at 3:31 pm

    account marketplace account catalog

  27. Stephenraw

    May 6, 2025 at 5:24 pm

    buy accounts account sale

  28. Carlosbouby

    May 6, 2025 at 5:52 pm

    account purchase website for selling accounts

  29. ClydeDug

    May 7, 2025 at 4:41 am

    account market online account store

  30. JohnnyFlapy

    May 7, 2025 at 4:52 am

    account marketplace secure account sales

  31. Thomasnal

    May 7, 2025 at 6:22 am

    buy pre-made account find accounts for sale

  32. StevenSix

    May 7, 2025 at 6:26 am

    account trading platform account market

  33. PhilipLow

    May 7, 2025 at 2:57 pm

    account exchange service sell pre-made account

  34. Randalwaing

    May 7, 2025 at 3:10 pm

    accounts marketplace secure account sales

  35. RichardAneno

    May 8, 2025 at 1:31 am

    purchase ready-made accounts account trading platform

  36. Zacharyswist

    May 8, 2025 at 1:56 am

    account trading service ready-made accounts for sale

  37. Kevinemere

    May 8, 2025 at 4:18 am

    social media account marketplace social media account marketplace

  38. RaymondAsymn

    May 8, 2025 at 11:58 am

    account store sell accounts

  39. ThomasUrisa

    May 8, 2025 at 3:11 pm

    account exchange website for selling accounts

  40. NathanAburb

    May 8, 2025 at 3:44 pm

    account selling platform ready-made accounts for sale

  41. BruceSon

    May 8, 2025 at 5:49 pm

    accounts market discount-accounts.org

  42. Danielimare

    May 9, 2025 at 2:17 am

    profitable account sales buy account

  43. Thomasdah

    May 9, 2025 at 9:02 am

    account trading platform account trading platform

  44. Geraldnendy

    May 9, 2025 at 9:25 am

    purchase ready-made accounts account trading

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Blissclub Raises INR 33 Crore in Fresh Funding Months After Layoffs

Published

on

Bliss_StartupStories

Blissclub, the women-centric D2C apparel brand, has raised INR 33 crore in a Pre-Series B funding round led by Elevation Capital, with Eight Roads Ventures also participating. This funding comes just three months after the company laid off 18% of its workforce-about 21 employees from creative, sales, marketing, growth, and product teams-due to high cash burn and challenges in securing new capital.

The latest investment was made through the allotment of 16,076 compulsory convertible preference shares (CCPS) at a premium of INR 20,428 each. Elevation Capital invested INR 19 crore, securing a 24.5% stake, while Eight Roads Ventures contributed INR 14 crore, raising its stake to 15.79%. The capital will be used for working capital, capital expenditure, and general corporate purposes.

Founded in 2020 by Minu Margeret, Blissclub started as an online activewear brand for women and has since diversified its product range and established offline stores. Despite recent restructuring, the company’s revenue grew 27% to INR 86.9 crore in FY24 from INR 68.3 crore in FY23, though net losses also increased to INR 43.9 crore.

Blissclub’s successful fundraising, despite recent layoffs, underscores both the ongoing challenges and the resilience of India’s D2C startup sector in a difficult funding environment.

 

Continue Reading

Latest News

Apple to Shift Entire US iPhone Assembly to India by 2026

Published

on

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.


Continue Reading

Latest News

PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

Published

on

PhonePe

PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

Continue Reading
Advertisement

Recent Posts

Advertisement