Indian Startup sector shocked everyone in May,😮 Read Now!

May turned electrifying as investments in the Indian startup ecosystem soared past an impressive $1.3 billion. The fintech scene is buzzing with excitement as STRIPE makes its entry with an exclusive invite-only model. Meanwhile, in the flex space industry, a prominent brand is gearing up to delve deeper into "Bharat" in pursuit of its ambitious Growth 2.0.

Across the globe, the EU has unveiled the world's first comprehensive regulations for the responsible use of AI. In the automotive arena, we dive into the heated debate of Hybrid vs EV: who’s leading the charge?

All this and more await you in this captivating quick read!

• Indian startup put up a star-studded show in May with $1.3 Bn raised
• IndiQube plans to explore Guwahati, Kolkata & Bhubaneswar going forward
• What is a wise choice, hybrid or EVs
• EU gives green light to world’s first AI rule book
• Stripe moves to 'invite-only' model in India

Trivia: Which is India’s first Venture Capital Fund? Got any clue? Well, we have the answer for you at the end of this newsletter!

Some things must be larger than life, here’s a moment that explains our belonging. We are honored to be associated with the Bengaluru edition of the Wings for Life - Spinal Cord Research Foundation World Run 2024. Alongside our esteemed partners, Red Bull and Adidas, we are proud to support this charitable initiative at the Indian Institute of Science (IISc) Bangalore campus. This run is dedicated to raising awareness and funds for individuals who are unable to run, underscoring our commitment to this noble cause.

Startup industry stalwart, Ronnie Screwvala, Co Founder upGrad has a very interesting point to make, when it comes to workspaces - hear what he has to say !

IndiQube fosters vibrant communities through diverse events and activities that create joy and a sense of belonging. IndiQube ensures every event helps individuals connect and grow, from grand inaugurations to interactive engagements. By organizing social gatherings and workshops, IndiQube enriches the professional environment and nurtures a supportive, inclusive community.

Trivia Answer: The first Indian venture capital firm is, Technology Development and Information Company of India Ltd. (TDICI), which emerged as a 50/50 joint venture between ICICI and UTI. This marked the early stages of venture capital financing in the country.