Indian startups: Many international startup companies from Singapore and Canada have shown interest in expanding their business in India. Startup companies expressed their desire to expand their footprint in India while speaking to PTI during EPIC 2025, a global pitch competition organized by the Hong Kong Science and Technology Parks Corporation (HKSTP). A pitch competition is a competition where entrepreneurs present their business ideas to judges and investors.

Competition details

During the competition, 100 out of 1,200 startups from more than 70 countries were selected in three categories: Digital Health Technology, Finance Technology and Green Technology. Two Indian startups are also included in these. This annual event gives founders the opportunity to connect with global investors, corporate partners and emerging markets. “We are accelerating Hong Kong’s connectivity, helping ideas move and scale across borders,” said Sunny Chai, Chairman of HKSTP.

“Our priority is to grow our business beyond Singapore, because battery recycling is not just a Singapore or Hong Kong problem, it is a global problem,” said Brian Oh, founder and chief executive officer (CEO) of Singapore-based company NEU Battery Materials. We want to solve this using our process and technology.” Asked about plans for India, he said India is a big market with a friendly environment for startups, and some startups involved in battery recycling are doing well there.

Startup culture is growing very fast in India. Many Indian youth are adopting the path of startup instead of working. The youth have also written new success stories in this field. This reflects the changing India and the thinking of the youth.

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India’s Startup Ecosystem has suffered a major setback! In 2023-24 more than 28,000 startups were closed, of which Edtech, Fintech and Healthtech sector were the most affected. Startups, who raised big money in the initial funding, are no longer getting new funding, due to which they are unable to survive. Only 5,264 Startups started in 2024, while earlier 9,600 startups were launched every year. According to Tracxn’s data, the Startup acquisition has also come down to half. Know the reason for the fall of Startups and the steps required to overcome it in the future.

Indian Startups: After Union Minister Piyush Goyal’s sharp response to the country’s startup industry, now many startup founders and business leaders are giving their reaction to this. In fact, while participating in the Startup Mahakumbh held in New Delhi on Thursday, Piyush Goyal compared Indian startups to China’s startup system, saying that Artificial Intelligence, Electric Vehicles are working fast in China, while only delivery apps are being made in India, which are reaching people.

Aim to make #Startupmahakumbh The World’s Larget Startup Festival! pic.twitter.com/RGF2YGTNVZ

– Piyush Goyal Office (@Piyushgoyalofc) April 3, 2025

Piyush Goyal said, “Do we just have to make ice cream and chips?” Have to shop only? Do we be limited to the creation of gig jobs instead of deep innovation in technology and long -term progress? ”Let’s see what the industry leaders have on this?

It is easy to Criticise Consumer Internet Startups in India, Especially when you compare them to the Deep Technical Excellence Being Built in Us/China. Using our example, the reality is this: there are almost 1.5 Lakh real people who are earning livelihoods on zepto today – a…

– Aadit Palicha (@Aadit_Palicha) April 3, 2025

Zepto founder Adit Palicha said, “It is easy to criticize a consumer internet startup in India, especially when you compare it with deep technical excellence being prepared in America/China.” The reality is that today about 1.5 lakh people are earning their livelihood from Jepto. “Palicha also said,” Jepto pays more than Rs 1,000 crore to the government every year. Jepto has brought a foreign direct investment of more than one billion dollars, invested hundreds of crores of rupees in India’s supply chain, especially for fresh fruits and vegetables. If this is not a miracle in Indian innovation, then I do not know what is then? ”

The only people in India who need a ‘Reality Check’ are it’s Politicians. Everyone else is living in the absolute reality of India.

China also has had food delivery first and then evolved to deep tech. It’s great to aspire for what they’ve don – maybe time for politics to aspire… pic.twitter.com/6wt8moviaz

– Ashneer Grover (@ashneer_Grover) April 4, 2025

Ashnir Grover, who was a co-founder of Bharatpe, has also responded to Piyush Goyal for criticizing India’s startup ecosystem. He said, “There is only politicians in India who need” realty checks’. All the people of the country are living in reality. “He said,” China also started with food delivery and then later moved towards technology. It is a good thing to aspire for what they have done- perhaps the time has come that today’s job creators should be aspiring for more than 10 % economic growth in 20 years before saying good and bad.

Former Infosys CFO and investor Mohandas Pai said that it is not right to equalize China. He said that many other areas in India also have startups, but are small. He said that our startups should not underestimate, but should ask themselves what they have done to help grow deep tech startups in India as our minister?

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Bangalore, known as the Indian Startup Capital City, has been left behind by Delhi in Startup Funding. According to Traxon’s Jio Quarterly India Tech report, India’s national capital Delhi has secured the first position, which has a 40% stake in the total funding in India. In the first quarter of 2025, India’s tech startups raised $ 2.5 billion, showing an increase of 13.64% from the previous quarter and 8.7% from the same period last year. This achievement makes India ahead of Malta and Germany, but behind the US and the UK, the third most funded country. Detailed information will be found in the video.