However, other women entrepreneurs found the announcements encouraging.
ReadyAssist began its operation from Bengaluru, with a team of 7 members and 20 odd mechanics. The startup has expanded the service network to 26 states now.
India’s start-ups are believed to have garnered $10.14 billion in funding in over 1,200 deals in 2020 despite the global pandemic.
Home-grown wearable start-up boAT had also said this week that New York-based Warburg Pincus has invested $100 million in the company at a $300 million valuation.
However, the pandemic could not dampen the sky-high valuations for start-ups, with 11 new unicorns, or billion-dollar companies, taking birth this year — the highest so far.
In a statement, Zalando said Ritter had informed the company Sunday of his decision to step down in 2021, more than two years before his contract ends.
The government has also authorised the officials concerned to execute the termination agreement and initiate the liquidation process.
Prakash, the Silicon valley-based VC firm Accel’s founder partner in India, also heads Karnataka’s Vision group for start-ups.
The minister said the new unique concepts that startups come up with will get a much larger engagement through this forum.
The criteria for selection are that the applicants have to be locals and they must have returned to the state by a special train, flight or road between May 22 and August 6.
Google, earlier this week, onboarded 20 start-ups for training and funding opportunities for the firms and said that startups will be a key to its $10 billion investment plans in India.
My biggest satisfaction was to have been associated with startup initiatives now regarded as a benchmark nationally.
The start-up ecosystem in India challenged with liquidity concerns due to the Covid-19 pandemic, is gradually attracting investments from overseas and homegrown funds.
However, the newly created corpus would fund the ventures at the stage of ideation, patent registration, participation in domestic and international events.
It reveals that 3 out of 4 organisations believe they can effectively hire employees remotely.