SEPTEMBER 20224The startup ecosystem has only seen a longer upward curve, irrespective of short lived setbacks marked by failing IPOs and post valuation failures. The government has been a strong advocate of India's startup culture and has time and again proven the same. Commerce and industry minister Piyush Goyal has launched an initiative -- SETU (Supporting Entrepreneurs in Transformation and Upskilling) -- here to connect startups in India to US-based investors.SETU is designed to break the geographical barriers between mentors based in the US that are willing to invest in entrepreneurship and sunrise startups in India. The initiative would connect startups in India to US-based investors and startup ecosystem leaders with mentorship and assistance in various areas, including funding, market access and commercialization. The interaction between the stakeholders will be supported through the mentorship portal under the Startup India initiative MAARG (Mentorship, Advisory, Assistance, Resilience, and Growth) programme, which is a single-stop solution finder for startups in India. India is currently experiencing a funding winter across tech startups which is expected to continue for the next 12-18 months, as per a report by Traxcn. In August, Indian tech startups raised $885 million and only a sliver of the companies surveyed by Tracxn received funding. Out of the 100,000 companies surveyed, only 10,000 received funding since last year.With markets down and tech investors skittish, it's been a challenging year for young, venture-backed startups. However, there were some victors in this cut-throat race to glory. This edition brings to you the startups that have got our attention. Not only did this list beat all odds to demonstrate exemplary resilience and zeal to solve problems.Emmanuel Christi DasManaging EditorIndian Startups Epitomizing ResilienceEDITOR'S NOTE Vol 7 · Issue 8 - 1 · SEPTEMBER- 2022 Publisher Alok Chaturvedi Managing Editor Emmanuel Christi Das Assistant Editor Heena Kousar Editorial Team Monica Pallavi J Hridkamal Roy Akankha Chak Sales & Marketing Deepika S. Nischita Prakash Naik Arvind Chakaravathy Editorial Queries startupcity@siliconindia.com To subscribe Visit: www.siliconindia.com/subscribe/ Magazine price is Rs. 150 per issue.Printed and Published By Alok Chaturvedi on behalf of SiliconMedia Technologies Pvt Ltd. and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2022 SiliconMedia Technologies Pvt Ltd. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.sales@startupcity.comArt Manager Suanya Chakraborty Circulation Manager Magendran PerumalVP Sales & Marketing Shashi Ranjan Senior DesignersGirisha MI Dinesh Kumar Visualisers Mrigank Sharma Aruna Kumari KManager - Design Prabhudutta A.R.N Raysiliconindia
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