BRITISH STARTUP ECOSYSTEM
Nvidia's web of AI bets: smart strategy or bubble risk?
Nvidia's $3 billion investment in Meta's share sale, announced Tuesday, is the latest addition to a portfolio of stakes, loans and guarantees that has made the chip giant what some analysts describe as the central bank of the artificial intelligence boom. Nvidia also has around $36 billion in cloud backstops and a guarantee of up to $105 billion linked to an OpenAI data center, according to US media.
ET Startup Awards 2026 | Midas Touch: Sauce VC’s winning recipe earns Manu Chandra the prize
Sauce VC founder and managing partner Manu Chandra has won the Midas Touch award for Best Investor at the ET Startup Awards 2026. The jury recognised his early bets on consumer startups and strong exit track record, including Sauce’s estimated Rs 500-550 crore exit from portfolio company Innovist to L’Oréal.
Reliance Industries, Rolls-Royce to partner on indigenous AMCA combat engine
Reliance Industries and Rolls-Royce will partner for India's advanced combat aircraft engine. They plan to establish a dedicated aerospace gas turbine complex in India. This alliance combines Rolls-Royce's engine expertise with Reliance's manufacturing capabilities. The goal is to build an end-to-end Indian capability for aero-engine development. This initiative supports India's strategic autonomy and defense manufacturing goals.
West Bengal to unveil new industrial policy in August
West Bengal will introduce a new industrial policy in August to boost economic growth. This policy aims to streamline approvals and enhance the ease of doing business. The state is also developing a robust Global Capability Centre ecosystem. A dedicated Startup Policy is expected to be unveiled soon by the government. West Bengal seeks to become a leading industrial destination by 2027.
3one4 Capital launches $15 million fund to support overlooked sectors, women founders
Known as the IIDEA Fund, this will be managed by 3one4 Capital with support from BII to back founders in sectors like energy transition, agriculture, health, deeptech, and manufacturing.
Rolls-Royce opens its largest global capability centre in Bengaluru
Rolls-Royce has opened its largest global innovation centre in Bengaluru. Karnataka minister MB Patil said the city's skilled workforce will support the company’s global work. He added that this move highlights Karnataka’s strong position in aerospace and defence, with Bengaluru being a top destination for foreign investment in the sector.
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Deep tech startup Vecmocon Tech raises $18 million in round led by Ecosystem Integrity Fund
Vecmocon Technologies, a deep-tech EV startup, raised over $18 million in Series A funding led by EIF, with Aavishkaar Capital, BII, and Blume Ventures. The funds will enhance R&D, expand teams, boost EV system capabilities, and support global ambitions with intelligent, safety-critical solutions designed for Indian and international electric vehicle markets.

Solartech startup Aerem raises Rs 100 crore in round led by Japan-based UTEC
British International Investment, SE Ventures, Riverwalk Holdings, and Avaana Capital participated in the round, which was a mix of equity and debt. The funds will be used to expand its operations pan India, improve financing and marketplace solutions, strengthen the platform, and diversify the lending portfolio.

Nvidia CEO Jensen Huang gets rock star treatment from India's tech enthusiasts
Nvidia's CEO Jensen Huang got a rock star welcome at the company's AI summit in India on Thursday, with passes sold out and tech enthusiasts spending thousands of rupees to travel to the event.

ISBA partners with SanchiConnect to enhance digital tools for startup incubators
The Indian Business Incubators Association (ISBA) has partnered with SanchiConnect to provide advanced digital tools for its 170+ incubator members.

BII bullish on Indian EV ecosystem, expects to invest USD 300 mn in 3 yrs: MD Abhinav Sinha
Abhinav Sinha of British International Investment envisions India surpassing China in EV adoption by 2030, ahead of Europe and the US, driven by government support and cost considerations, emphasizing the country's potential for significant growth in electric transportation.

ETtech Deals Digest: Startup funding falls 34% on year to $118 million this week
In terms of volume, total deals during the week stood at 18, compared to 32 a year ago, and 16 in the second week of May 2024. Sequentially, deal value went up about 3.3X from $35.2 million to $117.6 million.

Software industry calls for more UK Government support
More than 120 industry leaders have called for government intervention to improve conditions for European software companies. Europe has long struggled to scale up homegrown tech companies as successfully as the US, with many startups forced to seek investment abroad as they scale up.

Silicon Valley Bank fallout spreads around the world as UK firms plead for help
Silicon Valley Bank ’s UK unit is set to be declared insolvent, has already ceased trading and is no longer taking new customers. Startup founders are panicking about accessing money and paying employees.

The India ESG debate: Responsible innovation versus growth at all costs
"Do you want to embrace the movement proactively and shape it, make it your own with local values and initiatives on board and lead the way? Or do you want to wait until a movement driven by big Western VCs and LPs based on their understanding of the market and value system possibly sweeps you off your feet?"

Jump at the chance: Where do Indian startups stand in Rupee’s southward journey?
Adversity creates opportunity and an opportunity is all that a startup requires. There are startups whose businesses should make the most out of the situation, while others will have to wait till the local unit recuperates and gains some muscle. Indians and Indian startups, as they always have, will find innovative ways to create, grow and nurture business.

Here's why founders above 40 yrs have an extra edge in startup ecosystem
Subramanian says that age is not just a number when it comes to launching one’s startup.

UK government invites applicants from Indian healthtech startups for TeXchange 2020
The most innovative startups will be selected to come to the UK and participate in TeXchange, February 2020.

Indian origin cybersecurity startups seek Singapore funding
The latest cohort of startups was chosen to participate in the three-month ICE71 Accelerate programme, supporting the development and acceleration of their growth, Edgar Hardless, CEO of Singtel Innov8, said.

Foreign investors need to develop state specific strategies in India: Niti
Kumar further said that impediments in bringing British universities in India should be addressed.

'Private labels crucial for fashion retailers' success'
Koovs has struck a partnership with Souq, arguably the largest ecommerce site in the Arab world, to take its private label collection to the Middle East.

UK’s startup awards set to fly its winners for a business trip
The week-long trip has been designed to give these winners an access to the thriving startup ecosystem of the country.

India needs its own model of venture capital: IBM’s Sandy Carter
Carter said that startups that initially bootstrapped and then raised money when they had proven themselves was a kind of model that was being seen in India.

India offers huge opportunity for investing in startups: Derek White, Digital officer of Barclays
The world is awakening to the startup explosion in India, and the flow of venture capital and the government’s commitment to it are proof of that, says Derek White.

Lured by India's startup ecosystem, DMG Information looks to increase India portfolio size
DMGI, which is controlled by DMGT, typically routes its investments in the country through its Singapore-based subsidiary, DMG Asia Pacific.

Startups head to UK for tour of British startup ecosystem
The initiative, known as “'Great Tech Rocketships', hosted five Demo Days across Bengaluru, Chennai, Delhi, Hyderabad, and Pune.

How Indian startups are seeing a culture of giving and sharing
Corporates are offering free workspaces to startups, successful professionals are giving their time generously to mentor young entrepreneurs.

Wealthy nations tap fast-growing, emerging economies for entrepreneurship
Developed countries are hungry to tap into the potential of India’s booming consumer market, which their paltry populations couldn't race to match.

UK delegation initiates discussions with the Kochi-based Startup Village
Once they identify and finalise the partner companies, the UK will provide financial assistance to them for developing customised technology solutions.
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