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Karnataka Govt Shortlists 100 Startups Through Elevate 100

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2017 Business Latest News, Elevate 100 Karnataka, Elevate 100 program, Karnataka government News, Karnataka Govt Elevate Program, Karnataka Govt Shortlists 100 Startups, startup stories, Startups Through Elevate 100

The Karnataka Government shortlisted 100 innovative startups to provide a funding of Rs. 35 crores through its Elevate 100 program. In the next stage of this program, the selected startups will be given access to mentors, incubators and venture capital investors, based on the recommendations of an expert panel.

The startups were selected through a four layered selection process with over 250 startups vying for these top 100 slots in the final leg of the process. Over 1,700 startups applied for the program which was announced over a month ago. According to Minister for Information Technology and Biotechnology Priyank Kharge, close to 400 startups that applied were from rural areas and more than 350 were women entrepreneurs.

The selected 100 startups will get a kit with freebies from Google, Amazon and Zoho and services and mentoring from firms such as PwC, Yes Bank and Kotak Mahindra Bank. The government investment will be made in the form of grants as well as equity through Karnataka’s BioTech and IT funds. Google, Amazon and PricewaterhouseCoopers Pvt., Ltd., along with 5 other top companies have signed a memorandum of understanding with the Karnataka Government to cater to the needs of these 100 companies.

The top 100 finalists work in areas such as electronic system design,  manufacturing and IoT space, medical technology space, biotech sector and in the agricultural space. Speaking about the selection process, Minister Priyank Kharge said not a single representative of the State was on the selection panel to ensure that the State’s role was to only bring together corporates and startups. “The efforts of the Karnataka government doesn’t stop at elevating the chosen 100. We see ELEVATE 100 as a continuing process where the best ideas from the State gets the support and guidance it deserves,” he added.

The Elevate program traversed the length and breadth of Karnataka for finding startups and promoting startup culture outside of Bengaluru. Kharge also added it was extremely encouraging to see the growth of startups in Hubbali, Belgaum, Mangaluru and Mysuru.

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Pune’s SuperGaming Secures $15M to Expand in Emerging Markets

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Super Gaming

SuperGaming, the Pune-based gaming innovator known for hit titles like MaskGun and Indus Battle Royale, has raised $15 million in a Series B funding round, boosting its valuation to an impressive $100 million. This marks a nearly fivefold increase from its 2021 valuation of $21 million, highlighting the company’s rapid growth and the rising investor confidence in India’s booming gaming industry. The funding reflects SuperGaming’s strong market presence and strategic vision to become a global leader in online gaming. 

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Swiggy DeskEats: Office Food Delivery Launched in 30 Cities

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Swiggy

Swiggy, India’s leading online food delivery platform, has introduced DeskEats, a unique meal delivery service specifically designed for office-goers and working professionals across 30 major cities. DeskEats aims to streamline office dining by offering a diverse, office-friendly menu, making it easier than ever for corporate employees to enjoy convenient and delicious meals right at their workplace. By simply typing “Office” or “Work” in the Swiggy app, users can unlock curated collections like Value Combos, Stress Munchies, Healthy Nibbles, and Teamwork Bites, catering to every office dining scenario—from solo meals to team lunches and quick snack breaks.

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This leadership overhaul comes as parent company Pine Labs prepares for a major IPO, aiming to raise ₹2,600 crore through a fresh share issue after turning profitable in FY25. Setu’s enhanced leadership reinforces the broader group’s ambitions for international expansion, technological innovation, and financial performance. As Setu solidifies its role at the forefront of India’s fintech evolution, the company is poised to deliver advanced financial infrastructure solutions that support the country’s growing digital economy and drive Pine Labs’ strategic momentum.

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