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India’s startup growth story lacks fundamentals - Part 1 Indian tech startups and consumer internet companies have—or will—hit a wall. We look at why, sector by sector.
 https://themorningcontext.com/internet/indias-startup-growth-story-lacks-fundamentals-part-1/ The Morning Context... The US Federal Reserve has raised interest rates seven times since 2022 and continues to be hawkish to control inflation. That put a hold on much of the money supply allocated to emerging markets like India. As…

NASSCOM TECH START-UP REPORT 2022 – RISING ABOVE UNCERTAINTY: THE 2022 SAGA OF INDIAN TECH START-UPS February 15, 2023

Key Highlights:

Strong ecosystem with New Gen tech start-ups base broadening:

1300+ new tech start-ups, 23 new unicorns (2nd highest in the world)
2022 funding at $18.2 Bn is 30% lower than 2021, higher than last 4-year average in value terms
3-4X growth in investments for critical areas like EnvironmentTech, Lifesciences, Aviation, Maritime & Defence
Decline in late-stage funding but more investment in early-stage start-ups:

>40% drop in late-stage funding, led by reduction in mega deals
>30% increase in seed and early-stage funding
>1.6X increase in 2022 over 2021 in unique and active venture capital and private equity firms
Indian entrepreneurs’ laying emphasis on fundamentals

More than half of the tech start-ups in 2022 saw an increase in revenue of>20% (survey findings)
Overall, half of the tech start-ups continued or increased hiring in 2022
25% of mature start-ups are either EBITDA positive, or expect to be by mid-2023
Diversity of Indian tech start-up ecosystem continues to expand:

39% of tech start-ups founded in 2022 from emerging locations in India, up from 34% in 2021
18% start-ups in the ecosystem with at least one-woman founder/co-founder
36 unicorns and potential unicorns with at least one women founder/co-founder

Gujarat High Court Quashes CIC’s Order Directing Gujarat Varsity To Provide Info On PM Modi’s Degree; ₹25K Imposed On Delhi CM Kejriwal https://www.livelaw.in/top-stories/breaking-gujarat-high-court-quashes-cics-order-directing-gujarat-varsity-to-provide-info-on-pm-modis-degree-under-rti-act-225260 Sparsh Upadhya 31 Mar 2023 The main plank of the University's argument was that the University was holding the information (PM’s degree) in a fiduciary capacity and as per Section 8(1)(e) of the Right to Information Act, the information held in fiduciary capacity cannot be disclosed "unless the competent authority is satisfied that the larger public interest warrants the disclosure of such information". During the hearing in the case, appearing for Gujarat University, Solicitor General Tushar Mehta argued that the RTI Act was being "misused to settled scores and taking a childish jab at opponents". It was also submitted that hat the University had already put the certificate in the public domain, however, the matter was being argued by the University in principle to address the question as to whether RTI Act be applied for extraneous purposes to satisfy someone's curiosity.

Gujarat High Court Quashes CIC’s Order Directing Gujarat Varsity To Provide Info On PM Modi’s Degree; ₹25K Imposed On Delhi CM Kejriwal  https://www.livelaw.in/top-stories/breaking-gujarat-high-court-quashes-cics-order-directing-gujarat-varsity-to-provide-info-on-pm-modis-degree-under-rti-act-225260  Sparsh Upadhya 31 Mar 2023 The main plank of the University's argument was that the University was holding the information (PM’s degree) in a fiduciary capacity and as per Section 8(1)(e) of the Right to Information Act, the information held in fiduciary capacity cannot be disclosed "unless the competent authority is satisfied that the larger public interest warrants the disclosure of such information". During the hearing in the case, appearing for Gujarat University, Solicitor General Tushar Mehta argued that the RTI Act was being "misused to settled scores and taking a childish jab at opponents". It was also submitted that hat the University had already put the certificate in the public domain, however, the matter was being argued by the University in principle to address the question as to whether RTI Act be applied for extraneous purposes to satisfy someone's curiosity.