“5G is a knock on the doors of a new era in the country. 5G is the beginning of an infinite sky of opportunities”
“New India will not remain a mere consumer of technology, but India will play an active role in the development and implementation of that technology”
“With 5G, India is setting a global standard in telecom technology for the first time”
“From exporting zero mobile phones in 2014, today we have become a mobile phone exporting country worth thousands of crores”
“I always had full faith in the understanding, wisdom and inquisitive mind of the common man of the country”
“Digital India has given a platform to small traders, small entrepreneurs, local artists and artisans”
“5G technology will not be limited to speedy internet access, but it has the capability to change lives”
The Prime Minister, Shri Narendra Modi, today launched 5G services in Pragati Maidan, New Delhi, ushering in a new technological era. The sixth iteration of the India Mobile Congress was also officially launched by the prime minister, who also attended the IMC Exhibition.
He strolled through pavilions set up by several telecom operators and technology providers to get a firsthand view of what 5G services can do after officially opening the show at Pragati Maidan.
Addressing the gathering the Prime Minister said that the Summit today might be global but its repercussions and directions are local. He said today is a special day for the fast-developing India of the 21st century. “Today, 130 crore Indians are getting a wonderful gift in the form of 5G from the country and from the telecom industry of the country. 5G is a knock on the doors of a new era in the country. “5G is the beginning of an infinite sky of opportunities. I congratulate every Indian for this.”, he added. He noted with satisfaction that in this launch of 5G and the march of technology, rural areas and workers are equal partners.
Union Minister of Communications, Shri Ashvini Vaishnaw, Union Minister of State for Communications, Shri Devusinh Chauhan, Chairman of Reliance Industries, Shri Mukesh Ambani, Chairman of Bharti Enterprises, Shri Sunil Mittal, Chairman of Aditya Birla Group, Shri Kumar Mangalam Birla and Secretary, Department of Telecommunications, Shri K Rajaraman were those present on the occasion.
Highlighting the government’s efforts in the field of digital payments, the Prime Minister remarked that it was the government that went ahead and made the way for digital payments easier. “The government itself promoted citizen-centric delivery service through the app. Whether it is about farmers or small shopkeepers, we have given them a way to meet their daily needs through the app”, Shri Modi added. He recounted the seamless continuation of DBT, education, vaccination and health services, and work-from-home during the pandemic when many countries were finding it difficult to keep these services going.
PM Narendra Modi launches 5G services at India Mobile Congress
Remarking that Digital India has given a platform, the Prime Minister said that small traders, small entrepreneurs, local artists and artisans can now market to everyone. Shri Modi added, “Today you go to a local market or vegetable market and see, even a small street vendor will tell you, not to transact in cash, but via 'UPI'.” “This shows”, the Prime Minister added, “When a facility is available, thinking also gets emboldened”. The Prime Minister said when the government works with clean intentions, the intentions of citizens also undergo change. “This is the key difference in the intention (niyat) of 2G and 5G”, he remarked.
Weekly Startup Funding News Report For 25 October - 29 October 2024 (Latest Updates)
Weekly Funding Roundup - We compile a Weekly Startups Funding News Report summarizing all the startups that secured funding during the week. This report provides a consolidated list of newly funded ventures daywise.
Weekly Funding Roundup - We compile a weekly startups funding news report summarizing all the startups that secured funding during the week. This report provides a consolidated list of these newly funded ventures day-wise, offering a concise overview of the latest developments in the startup funding landscape. Get allIndian statups news at Viestoires.
Weekly Startups Funding News [25 October 2024 - 29 October 2024]
Althion Funding News - Althion has Secured Rs 3.6 crore in Pre-Series A Round Funding
Trisu Funding News - A pre-seed funding round, which was co-led by All In Capital, has secured an undisclosed quantity of investment for the vermeil jewelry brand Trisu.
GameEon Funding News - GameEon, a game development studio, has raised $1 million in its most recent funding round, which was co-led by SucSEED Indovation Fund, ICE VC, IAN, CD EQUIFINANCE, Nexus Global Opportunities Fund, Vivek Goel, Patni Family, Tal64.
Wundrsight Funding News - Wundrsight, a digital therapeutics startup, has secured $400K in its seed round, which was led by Inflection Point Ventures. Social Alpha, in conjunction with other angel investors, has also participated in the round.
Dharaksha Ecosolutions Funding News - Dharaksha Ecosolutions, a biotech-driven R&D start-up, has secured Rs 24.8 crore (approximately $2.95 million) in a Seed funding round sponsored by Avaana Capital.
Omnivore Funding News - Omnivore’s third fund, the Omnivore Agritech and Climate Sustainability Fund, received $5 million in investment from Proparco, a subsidiary of the Agence Française de Développement (AFD) Group.
Futwork Funding News - In its Series A round, which was led by the Michael & Susan Dell Foundation and included Artha Ventures, Simile Capital, and other investors, sales outreach platform Futwork has raised Rs 20.9 crore, about $2.5 million.
Centricity Funding News - In a seed round, Lightspeed and returning investors Burman Family Office and Shantanu Agarwal, among others, led the investment in wealth management startup Centricity, which raised $20 million at a valuation of $125 million.
11 September 2024 - Funding News
Zivy Funding News - Zivy, an AI tool that prioritizes workplace messages and duties, has secured $1.2 million in a pre-seed funding round co-led by Blume Ventures, Paradigm Shift Capital, iSeed, Everywhere Ventures, Indian Silicon Valley, and Marsshot Ventures.
Mitra Funding News - A strategic family office based in Dubai and Bestvantage Investments led the Pre-Series A fundraising round for D2C FMCG firm Mitra, which raised INR 11 Cr ($1.3 Mn).
InMobi Funding News - MARS Growth Capital, a joint venture between MUFG and Liquidity Group, has provided $100 million in debt financing to InMobi, a provider of mobile advertising network software.
Track3D Funding News - Track3D, an AI reality intelligence platform for the construction industry, announced that it had secured $4.3 million in seed funding. The funding was led by Endiya Partners, with participation from Shadow Ventures and Monta Vista Capital.
Flexiloans Funding News - In an equity funding round led by American not-for-profit fund Accion, US asset management firm Nuveen, and Nandan Nilekani-backed venture fund Fundamentum, Mumbai-based digital lending startup Flexiloans has secured Rs 290 crore (approximately $35 million).
10 September 2024 - Funding News
Crackle Technologies Funding News - Crackle Technologies, an adtech startup, has secured $1.7 million (approximately INR 14 crore) in a pre-seed funding round that was jointly headed by We Founder Circle and AC Ventures.
Nestasia Funding News - Nestasia, a lifestyle and home décor brand, secured $8.35 million in a new funding round from Susquehanna Asia VC, Stellaris Venture Partners, and angel investors.
Supersquad Funding News - Supersquad, a startup that specializes in creator monetization, has secured Rs 2.1 crore in a funding round that was spearheaded by WLDD. Nitin Rajput and Jivraj Singh Sachar, angel investors, also contributed to the round.
AppsForBharat Funding News - AppsForBharat, the parent company of the devotional app Sri Mandir, has secured $17.8 million in its Series B funding round, which was led by Fundamentum.
Arnya Real Estate Funding News - Arnya Realestates Fund Advisors, an alternative investment management firm, has successfully closed the first close of its Rs 1,000-crore maiden debt fund, raising Rs 375 crore.
9 September 2024 - Funding News
Transcell Biologics Funding News - Quantiphi and IAN Group, both of Boston, have invested an undisclosed sum in Transcell Biologics, a biotechnology company.
2 September 2024 Monday - Latest Funding News in India
Mintifi Funding News- Mintifi a B2B digital lending startup, is reportedly in discussions to secure $100 million in a new funding round.
Clean Electric Funding News - Clean Electric, an energy storage solutions startup, has secured Rs 48.5 crore (approximately $6 million) in funding from both new and existing investors.
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