Startups: News

28 Sep 2023


Nikhil Kamath-backed Third Wave Coffee secures $35mn in Series C

Indian specialty coffee and food brand Third Wave Coffee has secured $35 million in a Series C funding round.

27 Sep 2023


BYJU's to fire around 4,000 employees in major restructuring move

Edtech giant BYJU'S is reportedly planning a significant restructuring exercise, including a fresh round of layoffs impacting up to 4,000 jobs, under its new India CEO, Arjun Mohan.

26 Sep 2023

Stock Market

Zerodha FY23 results: Revenue and profit grow by over 40%

Zerodha, India's leading stockbroking firm posted a revenue of approximately Rs. 6,875 crore in fiscal 2023.

25 Sep 2023

Reliance Retail

Dunzo nears $25-30 million funding boost to keep company afloat

Quick-commerce company Dunzo is poised to secure a crucial $25-30 million cash injection in a funding round involving major investors such as Reliance Retail, Google, and Lightrock.

22 Sep 2023


Over 15,300 companies registered in August, says Centre

In August, over 15,300 companies and 4,668 limited liability partnerships (LLPs) were registered in India, marking a 6% increase from the previous year in the corresponding month.

Centre mulling GPU cluster to support AI start-ups: Rajeev Chandrasekhar

The Indian government is planning to establish a major graphics processing unit (GPU) cluster.

20 Sep 2023


Google-backed Kuku FM raises $25 million, plans to expand catalog

Google-backed Indian audio platform Kuku FM has raised $25 million in a Series C funding round led by Fundamentum Partnership, a venture capital firm founded by Indian billionaire Nandan Nilekani.

15 Sep 2023

Deepika Padukone

Deepika Padukone invests in specialty coffee chain Blue Tokai 

Bollywood superstar Deepika Padukone has made a strategic move into the world of specialty coffee by acquiring an undisclosed stake in the Gurgaon-based coffee chain, Blue Tokai Coffee Roasters.

15 Sep 2023

JP Morgan

JPMorgan plans to fund Indian start-ups

JPMorgan Chase & Co. is planning to finance start-ups in India, targeting companies that are pioneers in their sectors and have a large consumer orientation, according to Bloomberg.

04 Sep 2023

IIT Madras

IIT-Madras start-up launches smart ring with fitness, payment facilities

Muse Wearables, a Bengaluru-based tech start-up from IIT Madras, has announced its own version of the smart ring 'Ring One.'

31 Aug 2023


Y Combinator removes Indian start-up from S23 batch over irregularities

Y Combinator, a leading start-up accelerator, has removed Indian healthcare start-up Medobed from its Summer 2023 (S23) batch.

08 Aug 2023


India announces BRICS Start-up Forum to foster collaboration

India is set to launch the BRICS Start-up Forum in 2023, aimed at fostering collaboration and knowledge sharing among startups, investors, incubators, and entrepreneurs.

03 Aug 2023


Spinny fires over 300 employees as part of reorganization

Spinny, a used car retailing start-up, has laid off over 300 employees, about 5% of its workforce, in a cost-cutting move.

31 Jul 2023


Funding winter persists: Indian start-ups suffer in 2023's first half

The funding winter that arrived last year in India is still here. It has only become worse over the past few months.

20 Jul 2023


Dunzo in more trouble: Facebook serves notices over unpaid dues

Dunzo's troubles see no end. It was only yesterday the quick commerce start-up deferred the salaries of its staffers to September.

19 Jul 2023


Dunzo fails to pay staff: Why the start-up is struggling

Hyperlocal delivery start-up Dunzo counts heavyweights such as Google and Reliance, among others, as its backers. The company, however, is struggling to pay the salary of its employees.

16 Jun 2023


Everything about Bharatmeta, India's own metaverse platform

Imagine an Indian version of the metaverse. What would that look like?

02 Jun 2023


Meesho becomes fastest shopping app to cross 500 million downloads

Indian e-commerce start-up Meesho has achieved a significant milestone in downloads. The shopping app now has over 500 million combined downloads across Google Play and iOS App Store.

01 Jun 2023


BYJU'S creditors stop $1.2 billion loan restructuring talks: Here's why

BYJU'S, India's most valuable start-up, cannot seem to catch a break. Earlier this week, asset management company (AMC) Blackrock cut the edtech major's valuation by 62% year-over-year.

27 Apr 2023


Indian start-ups fired 9,400 employees in January-March quarter: Here's why

The slowdown that affected the tech sector sometime last year is yet to go away. While the tech giants are showing signs of improvement, start-ups are still in trouble.

24 Apr 2023


Zilingo's ex-CEO Ankiti Bose files $100M defamation suit: Here's why

The tale of Singapore-based fashion start-up Zilingo and its India-born co-founder Ankiti Bose is one of caution. From being valued at $1 billion to liquidation, the start-up's fall was swift.

18 Apr 2023


Hurun Unicorn Index 2023: How India fares against US, China

The number of unicorns a country has produced is a testament to that country's robust start-up ecosystem. India has done pretty well in the department over the years.

06 Apr 2023


Dunzo's bumpy road to profitability: From layoffs to fresh capital

Dunzo is one of the major players in India's quick commerce segment. The Google and Reliance-backed company has grown multi-fold over the last couple of years.

05 Apr 2023


Rs. 8,000 ticket, Musk as guest: Start-up event scams people

A start-up of scamming young entrepreneurs?

IPO withdrawal rumors are 'unfounded' and 'baseless': Mamaearth's CEO

Indian skincare company Mamaearth has dismissed rumors about its IPO withdrawal. Varun Alagh, the company's CEO, called the reports claiming Mamaearth's decision to postpone its IPO "baseless" and "unfounded."

27 Mar 2023


Crisis-hit Silicon Valley Bank acquired by First Citizens bank

The crash of Silicon Valley Bank (SVB) had sent shockwaves across the world. In the latest development, First Citizens Bank has agreed to buy the embattled start-up lender.

17 Mar 2023


Silicon Valley Bank's ex-CEO in Hawaii amid bankruptcy protection application

Silicon Valley Bank (SVB) was a key player in the start-up ecosystem for three decades. On March 10, the bank collapsed following its failure to raise capital.

16 Mar 2023

Ryan Reynolds

From Ryan Reynolds to Priyanka Chopra: Actors turned successful investors

Hollywood star Ryan Reynolds has secured a big payday, courtesy of his minority stake in budget wireless provider Mint Mobile. Telecom giant T-Mobile has acquired the company in a $1.35 billion deal.

14 Mar 2023


Y Combinator cuts funding in a blow to late-stage start-ups 

The start-up world is reeling from blow after blow. Funding winter, Silicon Valley Bank's (SVB) collapse, and now Y Combinator's (YC) decision to cut down late-stage funding-things are looking quite bleak.

Silicon Valley Bank depositors can access money from today

The collapse of Silicon Valley Bank has rocked the US banking system.

Silicon Valley Bank collapses leaving start-up ecosystem in chaos

The start-up ecosystem has to brace for some tough times ahead.

10 Mar 2023


What does Silicon Valley Bank's fall mean to start-up ecosystem

An attempt to raise capital gone terribly wrong - that is the simplest way to put Silicon Valley Bank's (SVB) current situation.

Inspiring stories of 5 successful women entrepreneurs in India

Women in India are today chartering the unknown territories of the once male-dominated business world unabashedly and fearlessly, making a difference with their ideas.

20 Feb 2023


Carbon Maps raises $4mn to reduce food industry's environmental impact

Food production has a huge environmental impact. More than a third of greenhouse gas emissions caused by humans can be linked to food.

31 Jan 2023


InMobi's Piyush Shah shares mantra for entrepreneurial success and longevity

Business honchos face a host of challenges that hinder their brainchild's way to success.

28 Jan 2023


BharatPe paid founder Ashneer Grover Rs. 1.7 crore in FY22

The pay packages of BharatPe's top brass in FY22 are now out.

25 Jan 2023


Two ShareChat founders step down soon after layoffs: Here's why

A week after it laid off 20% of its workforce, Google and Twitter-backed ShareChat has made the headlines again. Farid Ahsan and Bhanu Pratap Singh, two of the company's co-founders, have stepped down from active roles.

20 Jan 2023


Swiggy fires 380 employees amid 'challenging economic conditions'

Food and grocery delivery platform Swiggy has become the latest of India's start-ups to fire employees. In a bid to rationalize its business amid ongoing funding winter, the company has laid off 380 staffers.

18 Jan 2023

Indian Startups

GoMechanic fires 70% of its workforce; financial books under scanner

Automobile after-sales service start-up GoMechanic has fired roughly 70% of its workforce or around 500 employees.

Meet, the AI that can create original, royalty-free music

Content creators rely heavily on music to make their content appealing. However, they are often faced with the copyright hurdle in finding the appropriate music, making content curation a backbreaking process.

16 Jan 2023


MA English degree holder becomes tea-seller in Delhi; netizens react

We all have been encouraged to follow our dreams and carve our own paths, society's divisive reactions notwithstanding.

16 Jan 2023


Indian start-up, backed by Twitter and Google, fires 20% workforce

A month after it fired over 100 employees, Indian social media app ShareChat has now laid off 20% of its workforce.

13 Jan 2023


Ola fires 200 employees as part of a restructuring exercise

Bengaluru-based ride-sharing company Ola is the latest to be hit by the layoff bug. Per Inc42, the company has laid off around 200 employees from some of its verticals.