Category Archives: News

Elista Teams Up with Goela Electronics to Strengthen Market Reach in Haryana

Panipat, 14th December 2024: Elista, a leading consumer electronics brand under TeknoDome, has announced a strategic partnership with Goela Electronics Pvt. Ltd., Haryana’s foremost name in electronics distribution. This collaboration marks a significant step in Elista’s mission to expand its retail presence in the country while delivering premium, feature-rich products at affordable prices to households across the region.

With this partnership, Elista is poised to target 28,000+ unit sales in Haryana in 2025, projecting 15,000 units of Smart TVs, 5,000 air conditioners, 5,000 coolers, and 3,000 washing machines.

“Partnering with Goela Electronics Pvt. Ltd. marks a significant milestone in Elista’s journey to strengthen its retail footprint across India. With our robust partner network and proven retail strategies , such as targeted regional partnerships and consumer-centric initiatives, this collaboration reinforces our focus on key markets like Haryana. Leveraging Goela Electronics Pvt. Ltd.’s decades of experience as a trusted distribution network, we are confident of delivering high-quality, feature-rich products that meet the dynamic needs of consumers in the state,” said Mr Ajay Singh, Director (Sales)

The partnership between Elista and Goela Electronics Pvt. Ltd. is set to redefine consumer experiences in Haryana. With Goela Electronics bringing six decades of industry expertise in electronic products distribution, this collaboration promises a seamless purchase experience for consumers. From premium Google TVs to household appliances like air conditioners, coolers, and washing machines, consumers can look forward to products tailored to meet their specific needs.

Expressing his excitement about the partnership, Sanjay Goel, Managing Director of Goela Electronics Pvt. Ltd., said, “We are delighted to partner with Elista, a brand known for its innovative and affordable technology solutions. This collaboration will allow us to offer technologically advanced products that cater to the evolving needs of households across Haryana. Together, we aim to bring smarter living within reach of our customers.”

Elista boasts a robust presence across India and is now strengthening its footprint in the North through this strategic tie-up in Haryana. With an extensive channel partner network spanning over 20,000 dealer outlets nationwide, Elista continues to bring innovative products closer to consumers.

While Elista strengthens its presence in India, it is also making significant strides in the global market. Currently operational in 18+ countries, including key markets like the UAE, Africa, and CIS regions, Elista is set to expand to 35 countries by 2026. Elista’s state-of-the-art facility in Kadapa, Andhra Pradesh, with a capacity of 1 million Smart TVs and computer monitors annually, highlights its ‘Make in India for the World’ vision, establishing India as a hub for globally competitive consumer electronics.

The brand’s tailored product offerings, designed to meet diverse regional needs, have earned it a strong reputation internationally. With a commitment to innovation, affordability, and customer satisfaction, Elista is steadily positioning itself as a trusted global name in consumer electronics.

Governor Commemorates 11 Years of Impact at Grace Cancer Foundation’s Anniversary Event

Hyderabad, December 14, 2024……Global Research and Cancer Education Cancer Foundation widely known as Grace Cancer Foundation celebrated 11 years of service to humanity. Honourable Govern of Telangana Shri Jishnu Dev Varma was the chief guest at a function organised at Hotel Daspalla, Jubilee Hills in the city on Friday evening

Speaking on the occasion Shri Jishnu Dev Varma, Hon’ble Governor said it was his touching moment to be part of the 11years celebration. Referring to Cancer survivors, he said Cancer Conqueror is the most apt word to use and it is inspiring.

The government has limited resources, private organizations have their own challenges. Non-profit organizations like GCF can bridge the gaps in public health and play a pivotal role.

Let no one suffer from Cancer. We hear 3G, 4G, and now 5G. But the most important G is ‘Goodness’.

He also suggested GCF to expand its footprint to the North Eastern states.

Governor along with other dignitaries unveiled the 11th Annual Report of the Grace Cancer Foundation. The Governor also felicitated supporting organizations with awards.

Giving the 11th Annual Report Dr. Chinnababu Sunkavalli, Senior Consultant Robotic Surgical Oncologist and the founder of GRACE Cancer Foundation said Cancer is not a death sentence, but it is a conquerable challenge. Let us ensure connectivity through our goodness, he said.

As it steps into its 12th year, GCF aims to reach one lakh lives through free mobile screening for Non-Communicable Diseases said Dr Chinnababu. Its goal is to bring quality cancer screening and treatment to the doorsteps of rural communities, transforming countless lives.

Speaking further he added that GCF was started with a noble mission to alleviate the burden of Cancer. Grace Cancer Foundation was established to offer CURE, CARE, & COMPASSION for the needy. Today this mission has evolved into a holistic campaign that strives to create freedom from cancer through education, early detection, timely treatment, rehabilitation, and cutting-edge research. Over the past 11 years, it has touched the lives of 1.4 crore individuals across 130 countries. This year alone, it has reached over 61,000 people through mobile cancer screening campaigns.

Its Global Grace Cancer Run is very popular and witnessed participation from over 1.5 lakh individuals representing 130 countries.

Gautham Sawang, a former DGP of AP and a patron of GCF said he was a partner in the mission. From early diagnosis to treatment CGF is doing great work.

As a police officer, I am dedicated to serving and protecting people. As a frontline worrier, police neglect their health. So we involved every police in this drive, he added.

GCF objectives are to raise awareness and promote healthy living, support access to care and build collective commitment to fight cancer.

Some of its initiatives include Tribal Cancer Screening Programs in Odisha and Araku Valley, Andhra Pradesh; Cancer Screening Initiative for Anganwadi Teachers (AWT) and Anganwadi Helpers (AWH) in Telangana State; Protecting Those Who Protect Us: Cancer Screening for Cyberabad Police Personnel; HPV Vaccination Drive in schools and colleges; HPV Screening for cervical cancer; GCF Internship Program for UG Students from abroad; Global Grace Cancer Run 2024: A Worldwide Movement Against Cancer; Collaborations and Research and Innovation

Lilavati Hospital’s New Millet Menu Aims to Boost Recovery for Patients

Mumbai: Food has great healing potential. Particularly, in a hospital environment where there is a growing need to address the challenges confronted in the scope of patient nutrition. Lilavati Hospital, a leading healthcare institution, has taken a pioneering step in patient care by introducing a millet-based diet program. In collaboration with global food services leader Sodexo, the hospital has launched ‘Aarogyum,’ an innovative nutritional initiative to promote healthier dietary choices for patients. This revolutionary measure not only enhances the hospital’s commitment to holistic patient care but also aligns with the growing recognition of millet as a nutritious and sustainable food source.

“The introduction of the millet-based ‘Aarogyum’ program further strengthens our dedication and efforts to improve patient health with one of the vital aspects of recovery which is nutrition. Using millets is incredibly wholesome as they are loaded with essential nutrients, including protein, fiber, vitamins, and minerals, which aid digestion and promote gut health, crucial for patients recovering from various conditions. By partnering with Sodexo, we intend to offer delicious, immunity-boosting meals under the ‘Aarogyum’ initiative to accelerate quick patient recovery and overall well-being. Our super chefs have ideated millet-based recipes to cater to diverse tastes and dietary requirements. By incorporating millets into the patients’ diets, we’re not just addressing their immediate nutritional needs, but also promoting long-term health habits that they can continue after leaving the Hospital,” Said Dr Niraj Uttamani, Chief Operating Officer, Lilavati Hospital.

“Lilavati Hospital and Sodexo’s partnership, built over two decades, has evolved holistically. With the addition of Aarogyum menu, we are providing comprehensive nutritional solutions, ensuring that both organizations remain relevant in the healthcare space and continue to improve patient care. There has been a void in the space of patient nutrition with clear distinction. Our insights when complemented with the needs of the hospital fraternity helped us look for solutions to cater to modern nutritional needs, where food can be leveraged as a differentiator to aid the healing process. The idea is to match patient care with the right nutrition for an enhanced experience. Thus came the idea of Aarogyum, which draws inspiration from the ancient principles of Ayurveda. From adapting the right cooking techniques to the use of fresh and natural ingredients, and the close partnership of the dietetics and culinary team, we have been able to craft a customized solution that is healthy and nutritious,” Says Sharad Misra, COO – of Health & Care, Sodexo India.

Dr Niraj Uttamani, Chief Operating Officer from Lilavati stated, “Our long-standing partnership with Sodexo is testimony to the fact that we have collectively been able to innovate and introduce new healthy solutions, and technologies for patient care. Safety, hygiene, and variety in food are the critical decision-making factors when a patient decides on the hospital for seeking treatment. With Aarogyum, we’re confident to have created that differentiation and further build upon our strong treatment pedigree. The initial response received from patients and relatives is encouraging.”

“Health is fundamentally linked to what your body produces, and this is largely dependent on what you consume. To achieve the best health outcomes, it’s essential to ensure that the quality of your food intake is optimal. Our goal is to promote a nutritious diet for the patients here while ensuring that the meals are flavourful and enjoyable. We hope that the comprehensive menu developed by Sodexo for both patients and staff at Lilavati Hospital in this new initiative will be well-received. Wishing everyone great success with this endeavour,“ concluded Rajiv Mehta, Permanent Trustee of Lilavati Hospital.

Equentis Angel Fund Looks to Raise INR 500 Cr. for Promising Startups in India

Mumbai, December 13, 2024: Equentis Wealth Advisory Services, an established player in India’s investment advisory sector, has launched its inaugural Category I Alternative Investment Fund (AIF) – the Equentis Angel Fund. With a target corpus of INR 500 crore ($60 million), the Equentis Angel Fund is poised to back early-stage, high-growth Indian startups.

 Focusing on Pre-Series A and Bridge-to-Series A rounds, the fund will make investments in the range of INR 4–10 crores ($500K–$1.2 million). Startups operating with a Total Addressable Market (TAM) of INR 8,000 crore ($1 billion) and a strong growth trajectory will be the core focus of the fund.

 Over the next 18-24 months, Equentis’ Angel fund plans to invest in 40-50 startups, focusing on themes from Defence, Consumer Tech, Deep Tech, Logi Tech, Fin Tech & AI seeking growth capital to scale their businesses.

 Sharing his views for the fund, Manish Goel, Founder & Managing Director of Equentis Wealth Advisory Services Limited, said, “Furthering our mission to democratize wealth creation, we have added Equentis Angel Fund, offering a broader financial ecosystem that fosters sustainable growth for both investors and entrepreneurs. This fund embodies our commitment to empower startups and driving meaningful contributions to India’s entrepreneurial ecosystem while creating lasting value for all stakeholders.”

 India’s startup ecosystem is currently one of the most vibrant and expansive in the world. As of 2024, there were over 128,000 startups, making it the third largest globally. In 2024, startups already raised over $10 billion, and projections are that they will exceed $15 billion by year-end. Early-stage investments (Seed to Series A) secured significant funding with $3.28 Bn across 1,546 rounds till November. Angel Funds (Cat-I AIF, VCF) alone have raised around $1 Bn in investor commitments.

 “With the launch of the Equentis Angel Fund, we are offering alternative investment avenues for investors that complement their existing portfolios. In response to the evolving needs of our investors and the wealth management landscape, we have taken a significant step by expanding from Investment Advisory to a full-spectrum Wealth Management Services, diversifying our business for a more robust future” said Rakesh Gupta, Chief Operation & Compliance Officer at Equentis Wealth Advisory Services Limited.

 Equentis has made its first investment in a LogiTech Startup, Yatnavat Technologies Private Limited operating under the brand OORJAA.

 Equentis has a team of established and seasoned professionals from Investment Banking, Private Equity, Market Research and Equity Research backgrounds to lead the investments. The fund’s Investment Committee, composed of industry veterans, will oversee key decisions to ensure strategic alignment and value creation.

 To amplify the fund’s impact, Equentis is also seeking to partner similar funds, boutique/mid-market i-banks, startup accelerators and incubators.

Uber’s Moto Women Debuts in Bengaluru, Offering Safe and Exclusive Bike Rides for Women

Mumbai, December 13, 2024: Uber, India’s leading mobility app, today rolled out Uber Moto Women, a first-of-its-kind service in Bengaluru, offering women-only bike rides. This on-demand two-wheeler ride service connects female riders with female drivers and is designed to address women’s safety and mobility needs while empowering female drivers with flexible earning opportunities. Developed based on feedback from women riders and drivers, Uber Moto Women offers a safe, affordable and convenient commute option for women who would prefer to ride with female drivers or riders for their trips.

Bike taxis have rapidly emerged as one of the fastest-growing transport options in urban India. According to a KPMG report titled “Unlocking the Potential of Bike Taxis in India,” over 280 million bike taxi rides were completed across platforms in 2022. Bengaluru alone recorded over 1 million rides monthly, making it one of the country’s largest bike taxi markets. Additionally, 65-70% of bike taxi trips cater to first- and last-mile connectivity, highlighting their importance in complementing public transport.

Commenting on the launch of Uber Moto Women, Abhishek Padhye, Head of Regional Business Operations, Uber India & South Asia, said, “At Uber, we’re committed to creating mobility solutions that cater to the diverse needs of our communities. With Uber Moto Women, we’re not just offering a safer and more convenient ride option for women, but also empowering female drivers with the opportunity to earn flexibly in one of India’s fastest-growing mobility segments. Bengaluru has always been a pioneer in embracing innovation, and we’re proud to launch this service here to set a new benchmark for inclusive urban mobility”

Safer rides with Uber Moto Women
Uber Moto Women harnesses the company’s advanced technology-led safety features to provide a safer ride each time. Riders can share their trip details with up to 5 trusted contacts for real-time tracking; while anonymization of phone numbers and drop-off addresses protects user privacy. RideCheck, Uber’s proactive safety feature, monitors irregularities like long stops, mid-way drops or route deviations and offers support when needed. Women riders and drivers also have access to Uber’s 24×7 Safety Helpline, which provides priority support for women when they need it.

Generating livelihood opportunities
As per the KPMG report, bike taxis have the potential to generate up to 5.4 million livelihood opportunities in India. With female participation in the ride-hailing space in India continuing to be low, Uber Moto Women can encourage more women to drive. Flexible working hours, short distance trips, and easy navigation, will make it easier for more women drivers to drive on the platform. Offering complete flexibility, Uber Moto Women drivers also have the choice to turn off the option to accept female only riders, and accept all rides when they want.

Similarly, ride-hailing options like Moto Women can positively impact women’s workforce participation. As per a study by Oxford Economics, titled “Ride Hailing: A platform for women’s economic participation in India”, women’s workforce participation could increase by over 6% by 2028 with greater access to ride-hailing options. The report also found that 75% of women choose ride-hailing for safer commuting compared to alternatives, while almost 1 in 3 women in India use bike taxis at least once a month.

Uber Moto Women will be available across all major parts of Bengaluru starting today. Uber continues to stay committed to mobility innovation and its dedication to creating meaningful solutions for women’s safety and economic empowerment.

Salloni Ghodawat Wins Prestigious BW RetailWorld Award for Impact on Rural Retail

National, 13th December 2024: Ms. Salloni Ghodawat, Director & COO, Ghodawat Consumer Limited (GCL), was honored with the BW RetailWorld 40 Under 40 Award 2024 in the category of Rural Convenience & Retail. The award ceremony was held in New Delhi to recognize her remarkable contribution in retail industry and her visionary leadership in transforming rural retail spaces.

The BW RetailWorld 40 Under 40 Awards celebrates young leaders who are making significant impact in the retail landscape through innovation, resilience, and forward-thinking strategies. The ceremony was attended by some of the most distinguished industry experts and leaders in the retail and business sectors, with the jury chaired by Dr. Annurag Batra, Chairman & Editor-In-Chief of BW Businessworld & Founder of Exchange4media.

Expressing her gratitude, Ms Salloni Ghodawat, Director & COO, Ghodawat Consumer Limited (GCL) said, “I am honored to be recognized by BW RetailWorld 40 Under 40. This recognition is a testament of our team’s hard work and dedication, who shares the vision of transforming rural convenience and distribution. At GCL, our mission is to enhance lives globally through continuous innovation, expanding product lines, and ensuring that consumers worldwide have access to daily essentials and high-quality products at reasonable prices. This award reinforces our commitment to making a positive impact and improving lives in every community we serve.”

India Game Developer Conference 2024 Coming to HICC, Hyderabad, November 13-15

Hyderabad, December 13, 2024: Bigger, grander and action-packed, the India Game Developer Conference (IGDC) is back in its 16th annual edition. South Asia’s largest and oldest conference will come alive at HICC, Hyderabad from November 13 to 15, beckoning well over 5,000 attendees and 250+ speakers.

Diving deep into all things gaming, the Conference packs a punch with over 150 sessions. Marquee speakers of the likes of industry veteran Jordan Weisman have already confirmed to add depth to this much-awaited event. Jordan was the brain behind BattleTech, MechWarrior and Shadowrun, some of the RPG industry’s longest lasting franchises.

In its amplified new avatar, IGDC will feature over a hundred booths spread across a large expo area. Lined up to keep the event riveted to core gaming, the Conference has the IGDC Awards Night, Indie Initiative, Policy Round Tables, Workshops and much more.

IGDC has always stood out for its hugely sought-after exclusive ‘Investor-Publisher Connect’ session. This year, the invite-only platform could attract over 100 investors and publishers. One the agenda are potential deals with studios and developers on the look-out for investment or publishing deals. Last year, the event had over 1,800 curated meetings with more than 70 investors and publishers.

This year’s IGDC Awards takes it a notch higher with a newly instituted ‘International Game Award.’ Ten award categories and two special jury awards are on offer as usual. Nominees, announced on October 28, 2024, could watch out for the grand awards ceremony scheduled for November 14, 2024 in Hyderabad.

Mr. Sridhar Muppidi, President, GDAI notes, “With over 442 million gamers and an industry growing at a staggering 30% annually, India’s vibrant youth, widespread smartphone adoption, and a booming digital ecosystem have made it one of the world’s fastest-emerging gaming markets. The India Game Developer Conference (IGDC) serves as the perfect platform for this thriving ecosystem, where industry leaders, developers, and innovators come together to collaborate, share insights, and shape the future of gaming in India and beyond.”

Disha Eye Hospitals Collaborates with ZEISS India to Deliver Cutting-Edge Ophthalmic Services

Kolkata, 13th December 2024: Disha Eye Hospitals, the leading eye care hospital chain of Eastern India, is proud to announce its strategic partnership with ZEISS, a global leader in optics and optoelectronics, to inaugurate the first ZEISS VISION CENTER By Disha in Kolkata. This innovative CENTER will seamlessly integrate advanced technology with personalized vision care.

Situated on Sarat Bose Road, the ZEISS VISION CENTER by Disha offers a state-of-the-art eyewear experience, combining a premium eyewear selection with the latest refraction and centration technologies. The center will feature advanced vision care devices, including the ZEISS VISUFIT 1000, a 3D imaging tool for precise digital centration, and the ZEISS VISUCORE 500, a fast and accurate refraction system that provides customized lens solutions tailored to individual needs.

“Our partnership with ZEISS India marks a significant step forward in our mission to provide the best in eye care. By combining ZEISS’s advanced technology with our years of expertise in eye care, we have created a space that offers not just premium eye wear solutions, but also a bespoke experience tailored to the individual needs and preferences of our customers. The increasing demand for high-quality eyewear and advanced diagnostic services, especially in the premium segment, presents a significant opportunity for both Disha Eye Hospitals and ZEISS to strengthen their presence in this evolving market.” said Dr Debashish Bhattacharya Chairman & Managing Director, Disha Eye Hospitals.

Mr. Rohan Paul, Business Head – India and Neighbouring Markets – Vision Care, ZEISS India, added, “We are excited to partner with Disha Eye Hospitals to enhance advanced eye care in the region through the launch of the first ZEISS VISION CENTER in Kolkata. This initiative underscores our shared vision of delivering world-class eye care solutions. Following the success of ZEISS VISION CENTERS in cities such as Bengaluru, Mumbai, Lucknow, Guwahati, Hyderabad, and Chennai, we are confident that this collaboration will similarly transform the eyewear industry in this vibrant city.”

Ranabir Bhattacharya, CFO, Disha Eye Hospitals stated, “The Kolkata launch marks the beginning of a larger vision, with plans to open five ZEISS VISION CENTERS By Disha across Eastern India by 2025. This initiative is designed to redefine eye care for urban and semi-urban customers seeking customized solutions. Additionally, this partnership sets the stage for Disha Eye Hospitals to establish standalone stores, with five outlets targeted by the end of 2025.”

“India’s growing optical retail market presents a significant opportunity for this collaboration to address the rising demand for premium, personalized eyewear. The ZEISS VISION CENTERS By Disha will offer a quality eyewear buying experience, enhanced by cutting-edge technology. Together, Disha and ZEISS are poised to elevate the eyewear industry, setting new standards of excellence and innovation.”, Ranabir Bhattacharya further added.

ZEISS VISION CENTERS deliver a tailored eyewear experience, combining advanced diagnostic technology, personalized vision solutions, a curated range of premium branded frames, myopia management solutions and expert guidance, all designed to ensure optimal vision care and an exceptional customer experience. These CENTERS are set to redefine the future of eye care in Eastern India, broadening the access of quality eyewear to a diverse and growing audience.

International Conference on Clean Energy for MSMEs Kicks Off Tomorrow at HICC

Hyderabad, December 13, 2024…..The Federation of Telangana Chambers of Commerce and Industry in support of the Ministry of Micro, Small and Medium Enterprises, Government of India is organising an International Conference on Clean Energy for MSMEs to promote emissions-free growth and efficient industrial system.

It will be a day-long conference and will be held on 14th December at HICC, Hyderabad.

Shri Malli Bhatti Vikramarka Mallu, Hon’ble Deputy Chief Minister and Shri Sandeep Kumar Sultania, IAS, Secretary to Government Energy Department, Government of Telangana will be guests at the inauguration function

Shri D. Krishna Bhaskar, Chairman and MD, Transmission Corporation of Telangana Ltd, Shri Musharraf Faruqui, CMD, Telangana Southern Power Distribution Co. Ltd and Shri RK Rai, Addl Development Commissioner (MSME), )/0 DC-MSME, Govt of India will be special guests.

The objective of the conference is to enable MSMEs to reduce conventional energy consumption, Create awareness of various sources of clean energy and enable MSMEs to adopt the sources, improve efficiency and decarbonize operations, build capacity for sustainable, affordable, and reliable energy solutions, promote awareness of government incentives for renewable energy adoption and financing options and highlight the benefits of cluster-level adoption of clean energy solutions.

India, at the 26th session of the United Nations Framework Convention on Climate Change (COP 26) in November 2021, announced its target to achieve net zero by 2070. In recognition the Para 19 of Article 4 of the Paris Agreement, India’s long-term low-carbon development strategy, has been submitted to the United Nations Framework Convention on Climate Change, and it reaffirms the goal of reaching net zero by 2070. India’s long-term low-carbon development strategy rests on seven key transitions to low-carbon development pathways. The seminar is planned in this light of background.

Micro, Small, and Medium Enterprises (MSMEs) are the backbone of any country’s economy and constitute a major part of the industrial ecosystem. In India, MSMEs employ 110 million workers, contributing 30% to the GDP. However, in the changing environment and standards that are mandated for businesses to sustain and survive in the national and international markets, not only the large industries, but MSMEs too, are playing a critical role in the industrial growth of the nation and employment generation, need to relook and realign their growth strategies with the changing requirements.

In the MSME’s cost structure, which includes, raw material, labour, energy, and logistics costs; energy costs can be significantly controlled through government intervention and the adoption of cheaper and cleaner energy sources. It also fulfills one of the seven key transitions i.e. developing a low-emission industrial system.

TiE Global Summit 2024 Concludes in Bengaluru, Empowering Young Entrepreneurs and Strengthening Global Collaborations

Bengaluru/Mumbai 13th December 2024: The three-day TiE Global Summit (TGS) 2024 in Bengaluru (with the final day slated to be held in Mysore on 12th December) concluded with a lasting impact on the startup ecosystem, entrepreneurs, family offices, and global collaborations. With the theme of ‘Putting Entrepreneurship First,’ the summit thrived with dynamic participation from entrepreneurs, investors, innovators, industry leaders, policymakers, youth, and academia. The global event was organized by TiE Bangalore, with Karnataka Digital Economy Mission (KDEM) as a strategic partner and support from the Government of Karnataka as the State Partner . It was co-hosted by the Ministry of Electronics and Information Technology (MeitY), MeitY Startup Hub, India AI Mission, and Software Technology Parks of India (STPI).

The summit is supported by prominent partners, including Invest Karnataka, SBI, Amazon, IBM, Chiratae Ventures, Kaynes Technologies, NuVentures, Havas Group, Avasant, Accel Partners, Kalaari Capital, BHIVE, GIFT City, NMDC, and ECGC, which is supporting the Futurepreneurs initiative.

Summary of the Three-Day TiE Global Summit 2024:

• The TGS100 initiative at the TiE Global Summit 2024 (TGS24) recognized outstanding early-stage startups from across the globe. After reviewing over 1,300 applications from 17 countries, the top winners were announced: Breer Limited, a socially driven company transforming food waste into exceptional beer, won 1st place and a prize of ₹35 lakhs. Takeme2space, an aerospace technology company focused on enabling advanced computational infrastructure in space, claimed 2nd place and a prize of ₹10 lakhs. Proleri Technologies, an agritech company innovating in the use of farm-grown plant leaves to produce high-quality proteins, secured 3rd place and a prize of ₹5 lakhs. These winners showcased exceptional innovation and entrepreneurial spirit in sectors like AI, healthcare, and sustainability.
• Another highlight of TGS24 was the TiE Women Global Pitch Competition, which celebrates the leadership and innovation of women entrepreneurs worldwide. This year, the competition saw record-breaking participation of over 3,100 women-led startups from 62 countries across sectors like Ed-Tech, Health-Tech, AI, Agri-Tech, and Sustainability. Teri Sirset, Co-Founder and CEO of DASI Simulations from TiE SoCal claimed the 1st place prize of $25,000. Adithi Aji, Founder and CEO of Adrich, Inc. from TiE Pittsburgh, secured 2nd place with $15,000, and Irena King, Founder and CEO of Surgicure Technologies, Inc. from TiE Boston, earned 3rd place and $10,000. This initiative exemplifies TiE’s commitment to empowering women entrepreneurs and driving global gender diversity in entrepreneurship.
• On Day 1 of the summit at IISc, The TiE Bangalore Antar Prerana Global 2024, an initiative of the TiE Global Summit 2024 was organized aimed at empowering entrepreneurs with insights drawn from both ancient wisdom and modern practices. With the theme “Bridging Inner Transformation with Entrepreneurial Impact”, the summit featured various sessions such as “Fostering I Can,” “Enabling You Can,” “Empowering We Can,” and “Implementing I Will.” Eminent speakers guided entrepreneurs through different stages of inner transformation and action, reflecting a progressive approach to personal and professional empowerment.
• At the TiE Global Summit 2024, the Department of E, IT, Bt, the government of Karnataka signed a letter of Intent with the New Jersey Department of State, United States. The Letter of Intent was signed by Dr. Ekroop Caur, IAS, Principal Secretary to Government, Department of E, IT, BT & S&T, Government of Karnataka and Lt. Governor Tahesha Way, New Jersey, and Secretary of State. This landmark partnership aims to foster global innovation and technology collaboration through Twin City collaboration between Bengaluru and New Brunswick, Engagement between Karnataka and New Jersey startup ecosystems, collaboration in Lifesciences, Deep Tech (AI, cybersecurity), electronics, and Semiconductors.
• Day 3 of the summit at Bangalore International Exhibition Center (BIEC) witnessed star-studded sessions like Ankur Warikoo Entrepreneur, Author, and Content Creator, who spoke about the essence of “How to Be Epic” by sharing insights from his journey. He emphasized that being epic is not about perfection or avoiding failure but about resilience, self-awareness, and the courage to pursue what truly matters. Drawing from his own life, he highlighted how embracing failures, staying curious, and making deliberate choices have shaped his path. His speech inspired the audience to focus on personal growth, authenticity, and the willingness to adapt in the face of life’s uncertainties.
• On Day 3 of the TiE Global Summit 2024, four pivotal MoUs were signed to establish the STPI-led Center of Excellence in Efficiency Augmentation (CoE-EA). Dr. Sanjay Tyagi, Jurisdictional Director, STPI, exchanged MoUs with Shri Manas Das, Sr. Director, Intel India Pvt Ltd; Shri Devadas Shetty, Vice President, Supply Chain Performance, Schneider Electric; Shri Nishant Dhoreliya, Lead, Corporate Startup Partnerships, Bosch; and Shri Pramod Kumar P, Senior Manager, IEEE India. Supported by KITS, the Government of Karnataka, and Hewlett Packard Enterprises, the CoE-EA aims to support 100 startups and engage 25,000 students over the next five years, leveraging IoT, AI, and automation to drive industrial efficiency and innovation.
• On Day 3 there was a panel discussion on Strengthening the Indo-US Corridor: For Entrepreneurship and Investments was moderated by Ravi Narayan, Senior Advisor, Startup Genome with an esteemed panel including Manjusha Tipre, President, TiE New York & Co-Founder Yaala Labs; Upasana Sharma, President of TiE Toronto and Investor Quotient; Yash Shah, Ex-President of TiE Boston; Sundi Natarajan, TiE Washington DC Board Member; and Suresh, TiE President, New Jersey. The panel discussed the thriving business ecosystem in the US and Canada, where even small startups can bag a multi-million project from the federal government and private players in diverse sectors. They highlighted the role of TiE Global in facilitating innovators and creators with mentorship, networking with the governments in the US and Canada, and asked the startup founders and entrepreneurs to get in touch with TiE, who in turn would give their playbook.
• On Day 3 of the TiE Global Summit 2024, a panel discussion on the “Institutionalization and Scaling of Family Office Stories” featured industry leaders: Manish Choksi, Vice Chairman at Asian Paints; Vimal Kedia, Group Chairman at Manjushree Ventures; Apurva Salarpuria, Director at Salarpuria Group; and Raman Roy, Solutions Chairman and Managing Director at Quantro BPO, moderated by TC Meenakshisundaram, Founder and Vice Chairman of Chiratae Ventures. The panel explored the shift from traditional wealth management to institutional frameworks, focusing on multigenerational wealth preservation, CIO roles, professional governance, and opportunities in alternative assets and startups.
• A key highlight of the TiE Global Summit 2024 was the session on “Why and How of Startup Investments,” led by Kris Gopalakrishnan. The session delved into the transformative potential of startup funding in driving India’s economic growth and innovation ecosystem, stressing the need for billion-dollar funds to support emerging sectors like AI, healthcare, and advanced manufacturing. Discussions centered on how strategic investments in research and patient capital can accelerate India’s transition to an IP-led economy and foster technological leadership. Mr. Gopalakrishnan emphasized the importance of collaboration between investors, researchers, and entrepreneurs to address scaling challenges and advance sustainable innovations, ultimately urging greater participation in startup investments to create jobs, boost economic growth, and position India as a global leader in affordable, high-impact solutions.
• At the TiE Global Summit 2024 Futurepreneurs Conclave, a key panel discussion titled “Investor’s Playbook: The State of Venture Capital in India” took place, moderated by Mahavir Pratap Sharma, Chair of TiE India Angels and RAIN (Rajasthan Angels). The session featured prominent industry leaders B.V. Naidu, Chairman of the Karnataka Digital Economy Mission, and T.V. Mohandas Pai, Chairman of Aarin Capital and Manipal Global Education. The panel explored the latest trends, challenges, and opportunities shaping India’s venture capital ecosystem, while also unveiling the “Landscape of Early-Stage Funding in Karnataka” report.