Youth dies, another rescued after car plunges into dam waters in Udupi

Bengaluru, Jan 15: The Indian startups secured 12.7 billion in funding last year -- a 15% growth compared to 2018 - and Bengaluru startup community topped the list, with securing $5.3 billion across 267 deals, a new report said on Tuesday.

In total, the Indian startups attracted 766 deals in 2019, taking total deal count between 2014-2019 to 5,011, said DataLabs by Inc42 in its annual startup funding report.

Sequoia took the top spot as the most active VC in 2019 with 53 deals, followed by Accel that participated in 38 deals. Blume Ventures, Matrix Partners and Tiger Global were in the top five VCs in 2019.

"The Indian startup economy is entering new decade with over $58 billion in fundraising and 2,984 funded startups between 2014-2019," the findings showed.

With an average of $21 million, the ticket size value of funding increased by 15% in 2019.

Ecommerce and fintech -- with $2.6 billion funding each -- took the top slot with 93 deals and 125 deals, respectively.

"Ecommerce continued to remain at the top by the end of 2019. The growing investor confidence towards sub-sectors such as vertical ecommerce, social commerce and private label businesses is one major factor for ecommerce maintaining its lead," a DataLabs spokesperson said in a statement.

According to the estimates, the funding amount and deal count in 2020 will be around $12.6 billion at a 1% decline from 2019.

"Nevertheless, the investment activity is expected to rise in 2021," said the report.

The data suggests that 2019 had lowest number of startups funded (664) in the last five years, with seed-stage funding deals dropping by 53%, compared to 2016.

With $252 million in funding, seed-stage deal value fell by 44% (compared to 2018) as only 306 seed funding deals were recorded, the report said.

The enterprise tech had a blockbuster year with total funding of $1.15 billion across 114 deals in 2019. The sector recorded a 49% surge in total funding amount, compared to 2018.

The Indian startup economy saw 275 unique VCs participating in funding in 2019, said the report.

Bengaluru, Apr 8: Heavy rain lashed Belthangady taluk in Dakshina Kannada district and parts of Udupi district on Tuesday providing much-needed relief to the people from the sultry heat.

Belthangady, Guruvayanakere, Madantyaru, Venoor, Naravi and surrounding areas received rain coupled with lightning and thunder. 

Rain also lashed Karkala, Kundapura, Kollur, Siddapura, Gangolli, Hemmady, Uppunda, Shiroor, Hebri and surrounding areas in Udupi district.

Parts of Malnad --- Koppa, Balehonnur and NR Pura taluks in the neighbouring Chikkamagaluru district --- received good rainfall coupled with lightning and thunder.

The rain has brought a smile on the face of coffee growers as it will help in the blossoming of the flowers in coffee plants.

In Kodagu district, heavy rain lashed Madikeri, Hudikeri, Ponnampet, Srimangala, Siddapura, Galiubeedu, Bapoklu, Talacauvery and Bhagamandala.

Parts of Mysuru city and district, Chamarajanagar, and Hassan received a good spell of rain on Monday night, bringing down the mercury levels.

Heavy rain lashed T Narasipur taluk in Mysuru district and the Kothegala Gram panchayat limits received 7 cm rainfall. Karya village in Nanjangud taluk received 5 cm rainfall.

Male Mahadeshwara Hills in Chamarajanagar district received good rain in the evening. 

Meanwhile, the Agriculture Research Station at Naganahalli has predicted thunderstorms, on April 7 and 8 in the region. The research centre recorded 12 mm rain on Sunday night and 22.5 mm on Monday midnight. 

Moderate to heavy rain, accompanied by strong wind and lightning, lashed some parts of Shivamogga district, including Ripponpet, Sorab, Bhadravathi, Thirthahalli, Sagar
and Shikariput. 

Bhatkal in Uttara Kannada district received heavy rain from 4 to 7 pm. The town had also received the rain for about half-an-hour in the morning.

Hosapete town and the surrounding villages also received the rain. At some places, the rain brought down the branches of the trees. The rain has cooled the mercury level at Hosur, Nagenahalli, Basavadurga, Kamalapur, Hampi and other villages in Hosapete taluk. 

Rain also lashed several places in Ballari district, including the Ballari city. Rain, accompanied by hailstones, brought cheers to the people at Kottur. 

Meanwhile, rain and hailstones have destroyed the standing paddy crop in hundreds of acres of land at Maraladinni, Katagal, Uskihal, Belladamaradi and other villages in Maski taluk of Raichur. The farmers are waiting to harvest the crop.

Bengaluru, Feb 16: The Central Crime Branch has recovered blank firearms from Saddaguntepalya Police Station limits.

As of now, two persons have been arrested in this regard. They have been identified as Mohd Junaid and Mohd Tabrez. The officials have recovered 28 blank firearms and 76 blank bullets.

"The two accused -- without having any license -- were in possession of these huge number of weapons," Sandeep Patil, Joint CP, Crime, told media.

As per the preliminary investigation, there has been no record of such cases in Bengaluru. "But we are verifying if other states have any (such) case," added the Joint CP

According to investigations, it was noted that the weapons were purchased from Mumbai at an estimated cost of Rs 1 lakh per weapon.

Further investigation is currently underway.