Tech Funding Low 📉, Aadhaar Surveys 📃, HP & Google Collab 🤝

Catch up on the latest in 🇮🇳 Indian 🇮🇳 startups and tech landscape - all in 5 minutes. [Newsletter Banner] Daily 🇮🇳 IndiaTech 🇮🇳 Roundup Welcome to today's edition of the NextBigWhat Daily IndiaTech News! Today's top stories include tech funding at a 5-year low, Aadhaar details for digital land surveys, and HP & Google collaborations. 🤝 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( 2023 Q3 tech funding in India plummets to 5-year low 🇮🇳 IndiaTech - Indian tech startups raised $1.5 billion in Q3, a 54% YoY decline per Tracxn’s report. - Late-stage, early-stage and seed-stage funding also saw reductions of 33%, 74% and 75% YoY. - Despite the decline, enterprise applications, fintech, and transportation tech sectors experienced growth with Bengaluru leading in funds. India’s External Debt Rises to $629.1 Billion in June, RBI Reports 📈 India Business - External debt saw an increase by about $4.7 billion from $624.3 billion at March-end. - Long-term debt was $505.5 billion and short-term debt declined to 19.6 percent of total external debt. - Non-government debt increased, making up the highest share of total external debt at 39.8 percent. PhonePe’s App Store: 3+1 questions [NBW Newsletter Ad]( nextbigwhat brings you curated news, product and tech trends across a range of industries. PhonePe has announced the launch of its upcoming app store (Indus), which is the result of its earlier acquisition of IndusOS. The PR so far has been about anti-Google stand. [Read]( CRED Introduces ‘Garage’, a Vehicle Management Feature within App 🇮🇳 IndiaTech - ‘CRED Garage’ provides priority concierge services, document management, and spending insights; also includes a DigiLocker integration. - Users can add more vehicles to earn incentives and get assistance for maintenance and breakdowns. - The feature represents another extension of CRED’s services which include bill payments, ecommerce and peer-to-peer UPI payments. Kerala Government Requires Aadhaar Details for Digital Land Surveys 🇮🇳 IndiaTech - The Kerala government is mandating Aadhaar submission for digital land surveys as part of a project aimed at streamlining land records and identifying fraudulent properties. - The goal is to link Aadhaar details with the Unique Thandaper Number (UTN) assigned to parcels of land, filling in gaps in existing UTN records. - The move has raised concerns about data security and the potential violation of individual privacy rights, given that Aadhaar information cannot be lawfully collected for non-welfare purposes. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( ‘Father of Green Revolution’ Dr MS Swaminathan Dies at 98; Nation Pays Tributes 🇮🇳 IndiaTech - Dr MS Swaminathan, an iconic agricultural scientist known as the ‘Father of India’s Green Revolution’, passed away at 98. - His work transformed Indian agriculture and ensured food security for millions; notable leaders, including PM Narendra Modi, paid heartfelt tributes. - Swaminathan’s remarkable career included several prestigious awards for his contributions, and a dedication to women’s empowerment in agriculture. HP and Google Collaborate for Chromebook Production in India 🇮🇳 IndiaTech - HP and Google enter a partnership to manufacture Chromebooks in India, promoting digital education and the government’s Make in India initiative. - The Chromebook production is to start from Oct 2, 2023, in the Flex Facility near Chennai. - This collaboration marks further expansion of HP’s manufacturing activities in India since 2020, covering laptops and various commercial desktop models. Report illustrates increasing female role in Indian family businesses, yet limited in upper management 📈 India Business - New research reveals growing trend of female involvement, particularly in management roles in Indian family businesses. - However, the presence of women at CEO and senior leadership levels remains limited. - Research also highlighted the importance of generational involvement, prominent SMEs in the family business sector, and an embracing of digitalisation. ICICI Lombard Issued Show Cause Notice for Unpaid GST Amounting to Over Rs 1,728 Crore 📈 India Business - The Directorate General of GST Intelligence (DGGI) issued the notice for unsettled GST on co-insurance premium and reinsurance commission. - ICICI Lombard plans to respond within the prescribed timelines. - Similar notices were previously received for non-payment of taxes totalling Rs 273.22 crore and Rs 492.06 crore. Government Defends Controversial Fact-Check Amendment, Assures Protection of Free Speech 🇮🇳 IndiaTech - Solicitor General Tushar Mehta defended the government’s proposed fact-check amendment, saying it is not designed to curb free speech. - Critics argue the amendment could stifle free expression online, labeling certain content as ‘false’ or ‘misleading’. - The petitioners claim the amendment threatens intermediaries’ ‘safe harbour’ protections for not removing flagged content, under the IT Rules, 2021 of Section 79. India maintains 40th position as Switzerland leads in Global Innovation Index 2023 📈 India Business - India sustains its 40th spot in the Global Innovation Index 2023, showcasing consistent improvement due to its vibrant start-up ecosystem and knowledge capital. - Switzerland ranks first for the 13th consecutive year, followed by Sweden, the United States, the United Kingdom, and fifth-placed Singapore. - India is among nine economies noted for rapid climb in the ranking over the past decade, due to strong performance in innovation pillars. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](