India, Nov. 9 -- We bring to you the latest edition of News Roundup: Indian Startup Stories Of The Week!

In one of the most important developments for the Indian startup ecosystem this week, Prime Minister Narendra Modi urged the Indian youths to take part in global hackathons and compete with startups from across the world. He was conversing with Ray Dallion, founder of American investment firm Bridgewater Associates at Saudi Arabia's Future Investment Initiative (FII) event in Riyadh on October 29.

He also acknowledged that India is heading towards technological innovations, and only human capital can drive this growth forward. Citing the example of Chandrayaan 2, he said that while the cost of the mission was less than some of the Ho...