Startup
Karnataka can become global hub for emerging tech through skilling: Priyank Kharge
Karnataka government’s startup grant programme, Elevate, has supported around 950 startups and disbursed Rs 250 crore since its inception in 2022. The only thing that the state government wants in return is their contribution to technological advancements.
On the panel discussion on the topic ‘FutureScape: Redefining What’s Next’ at Bengaluru Tech Summit 2024, Karnataka IT & BT Minister Priyank Kharge remarked on the startup funding programme, “The only way they can repay us is by staying afloat.”
The Elevate programme of the Karnataka government launched by the state’s IT & BT Department in 2022 aims to support startups in very early stages through financial grants.
The minister said the initiatives by the government and the department are a continuation of previous policies in an effort to make Karnataka the leading technology hub, not just for India but for the entire globe.
“We can do this by developing the best skill sets through skilling initiatives,” Kharge said.
The IT department earlier the Nipuna Karnataka policy to impart industry-relevant skills and signed MoU with leading global technology companies like IBM and Accenture.
Agreeing with the minister, Accel India Founding Partner Prashant Prakash said the city of Bengaluru continues to remain the leading destination for the startup ecosystem in the country.
According to Prakash, 90% of the venture capital firms in the country have either moved their location to Bengaluru or have a major set-up in the city. He also said the country also witnessed the ninth largest initial public offering coming from the Bengaluru-headquartered startup, Swiggy.
Prakash remarked, “We will have many more startup IPOs from Bengaluru even next year.”
On the steps taken by the state government to promote the technology industry, the minister said the government is promoting other areas like marine biotech and bio-foundries. “Around 28% of the startups in Karnataka are leveraging deeptech and we need to do much more,” he added.
Biocon Founder and Chairman Kiran Mazumdar Shaw said the advancements in technology, especially in computation power, are opening new vistas for biotech firms to look for opportunities in areas such as bioengineering and precision medicine.
Infosys Co-founder S Gopalakrishnan said Karnataka remains not just the top destination for technology but also comes out first in terms of philanthropic contributions made by various individuals and companies.
Startup
Govt orders probe into ride-hailing apps over alleged price discrimination
Consumer protection watchdog CCPA will investigate ride-hailing apps for allegedly charging different fares for identical rides on Android and Apple devices, Consumer Affairs Minister Pralhad Joshi said on Thursday.
“This prima facie looks like unfair trade practice,” Joshi wrote on X, formerly Twitter, calling it a “blatant disregard” for consumers’ right to transparency.
The Central Consumer Protection Authority (CCPA) has been directed to conduct a detailed inquiry and submit a report at the earliest. The investigation will extend to other sectors including food delivery and ticket booking apps.
“Zero tolerance for consumer exploitation!” Joshi added.
The probe follows media reports highlighting price disparities between mobile platforms for the same journey.
Startup
Prasar Bharati’s OTT platform Waves crosses 1M downloads in a month
Prasar Bharti’s OTT platform ‘Waves’ crossed 1 million downloads in a month, said Minister of Information and Broadcasting, Ashwini Vaishnaw, in a post on the social media platform X.
The platform, unveiled during the 55th International Film Festival of India (IFFI) in Goa last month, is “more than a platform—it’s a celebration of India’s rich culture, vibrant stories, and technological prowess,” he added.
The platform was launched to bring new content and revive classic shows such as the Ramayana and Mahabharata. It has also hosted content by National Creator awardees and showcased films from FTII, Annapurna College, and other top institutions.
This milestone reflects India’s unbreakable bond with its cultural roots, said the minister. He called the platform not just an OTT, but a “full-fledged infotainment ecosystem,” with content in more than 12 languages, over 10 genres, with live TV streaming and 65 live channels, video-on-demand, free-to-play gaming, and online shopping via Open Network for Digital Commerce (ONDC), he added.
Startup
Delhi, Dehradun top the spending trends on Instamart: Swiggy
According to Swiggy‘s fourth edition of its annual ‘How India Swiggy’d’ report, the biggest spenders in 2024 on its quick commerce platform, Instamart, hailed from Delhi and Dehradun. The users spent Rs 20 lakh each on Instamart.
This year, quick commerce grew exponentially, with Indians ordering items ranging from groceries, makeup and toys to vacuum cleaners and sexual wellness products on the 10-minute delivery platform.
The Diwali season also saw orders of over Rs 45 lakh on Instamart on brooms across India to clean houses and Rs 4.6 lakh on poker chips from Delhi. Delhi also ordered Rs 60 crore worth of noodles.
The report added that a person from Ahmedabad spent about Rs 8.3 lakh on gold coins on Dhanteras.
Bengalureans topped in the pooja and party essentials categories, competing with Mumbai, and ordered 1.8 times more wine and shot glasses, especially during the Diwali season, the report found.
A Mumbai-based pet-lover spent more than Rs 15 lakh this year on pet supplies, primarily dog and cat food. Meanwhile, a Chennai user spent Rs 1,25,454 on electronics, electricals and home appliances, including gaming earphones, smartwatches, an induction cooker, a sandwich maker, and a hair straightener. A mango lover spent Rs 35,000 on the fruit in May.
The most ordered items between 4 AM and 7 AM were milk, veggies, and eggs, while ice cream, cold drinks, and chips took over from 10 PM to 4 AM. Between 8-9 PM, the country ordered the most sanitary pads, and November saw the most orders of pain relief medication/spray.
Incognito mode on Instamart was introduced earlier this year. The report noted that most ordered items with the option were between 10-11 pm and included Masala-flavoured chips, Kurkure, and flavoured condoms, the report said.
The quickest delivery was completed in 89 seconds, covering a distance of 180m, the report added, while the cheapest order came in at Rs 3 for a pencil sharpener bought at 8:15 PM in Hyderabad.
The Rakhi season saw 2,85,000 deliveries under ‘order for others,’ and 273 chocolates ordered per minute with one user from Mumbai ordering 31 rakhis in a single order.
Canada saw the most international logins, followed by the US, Kuwait and Singapore ordering milk, dosa batter, and water.
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