Startups: News
04 Jan 2024
FintechIndia's fintech funding declines 63% in 2023: Here's why
The Indian fintech industry saw a significant decrease in funding in 2023, with a 63% drop compared to the previous year.
02 Jan 2024
WorkplaceESOP cashouts in Indian start-ups fall 62% in 2023
In 2023, Indian start-ups experienced a significant drop in employee stock option (ESOP) cashout events, with only 16 occurrences compared to 42 the previous year, according to data from equity management platform Qapita.
02 Jan 2024
Binny BansalFlipkart co-founder Binny Bansal launches e-commerce start-up OppDoor
Flipkart co-founder Binny Bansal is back in the game with his new start-up, OppDoor, which aims to help e-commerce businesses expand globally.
27 Dec 2023
E-commerceIPO-bound FirstCry's loss jumps 515% to Rs. 486cr in FY23
FirstCry, a leading e-commerce platform for baby products, has seen a 135% increase in revenue from operations, reaching Rs. 5,633 crore in FY23, up from Rs. 2,401 crore in FY22.
26 Dec 2023
BharatPeBharatPe's revenue jumps 182% YoY to Rs. 904cr in FY23
Fintech unicorn BharatPe has reported a whopping 182% year-on-year (YoY) increase in revenue from operations, reaching Rs. 904 crore in FY23, up from Rs. 321 crore in FY22.
21 Dec 2023
IndiaIndia's start-up ecosystem: Tracing its growth and challenges in 2023
India's start-up ecosystem has undergone a transformative journey over the past decade.
21 Dec 2023
Artificial Intelligence and Machine LearningAI start-up Anthropic is in talks to raise $750mn
Anthropic is in talks to raise a whopping $750 million (nearly Rs. 6,250 crore) in a funding round led by Menlo Ventures, according to Reuters.
20 Dec 2023
IndiaShareChat lays off 200 employees in a cost-cutting move
ShareChat, a prominent social media platform, has announced the layoff of nearly 200 employees, which accounts for 15% of its workforce.
19 Dec 2023
BengaluruRide-hailing start-up viaDOTS plans to recruit 50,000 cab drivers
Bengaluru-based ride-hailing start-up viaDOTS announced on Tuesday that it plans to recruit 50,000 taxi drivers by the first quarter of 2024.
19 Dec 2023
Fraud CasesThe full story of Nikola's founder and his imprisonment
Nikola founder Trevor Milton has been handed a four-year prison sentence after being found guilty of fraud in 2021.
14 Dec 2023
Ather EnergyOla Electric-rival Ather Energy plans IPO by Diwali 2024
Indian electric two-wheeler start-up Ather Energy is gearing up for its initial public offering (IPO).
08 Dec 2023
FinanceZerodha founders' salaries touch Rs. 200 crore in FY23
Zerodha co-founders and brothers, Nithin and Nikhil Kamath, received a combined compensation of Rs. 195.4 crore in fiscal year 2022-23 (FY23).
08 Dec 2023
IndiaTech start-up funding plunges by 72% to 5-year low
India's tech start-up scene has hit a five-year low in funding, with a whopping 72% drop in 2023 compared to the $25 billion raised in 2022.
06 Dec 2023
JioJio Haptik launches Contakt, an AI tool to create chatbots
Artificial intelligence (AI) start-up Haptik, backed by Reliance Jio has introduced Contakt, a generative AI platform designed to help businesses create virtual assistants and enhance back-end support.
06 Dec 2023
Azim PremjiSleep Company raises Rs. 184cr; doubles valuation in one year
The Sleep Company, a Mumbai-based start-up, has secured Rs. 184 crore in a Series C funding round led by Azim Premji-backed Premji Invest and Fireside Ventures.
20 Nov 2023
BYJU'SBYJU'S delays final settlements of laid-off employees yet again
BYJU'S, the ed-tech giant based in Bengaluru, has once again failed to meet the deadline for providing full and final settlements to employees who were laid off, as per Moneycontrol.
09 Nov 2023
UnicornInCred to join the unicorn club soon: Here's how
InCred Holdings Limited, the holding company of InCred Financial Services Limited, revealed that it has received commitments amounting to Rs. 500 crore in its Series D funding round.
08 Nov 2023
BusinessVC funding declines 40% YoY in October to $625 million
In October 2023, the Indian start-up scene saw a significant decline in venture capital funding, with a nearly 40% drop compared to the previous year.
07 Nov 2023
IndiaIndian start-up Xpressbees raises $80 million from Ontario Teachers' fund
Indian logistics company Xpressbees has secured $80 million in a recent funding round, led by Ontario Teachers' late-stage venture growth fund.
07 Nov 2023
WeWorkCo-working giant WeWork goes bankrupt: Here's what comes next
WeWork, the once highly-valued US start-up backed by SoftBank Group, has filed for bankruptcy protection as it struggles with costly leases and the surge in remote work.
03 Nov 2023
SwiggySwiggy Instamart creator Karthik Gurumurthy to quit, start own venture
Karthik Gurumurthy, Swiggy's Senior Vice-President (SVP), is leaving the food delivery behemoth to launch his own start-up, Moneycontrol has reported.
03 Nov 2023
Artificial Intelligence and Machine Learning27-year-old entrepreneur is helping Google, Microsoft democratize AI in India
In the quiet streets of Agara, a small village nestled in the lush landscapes of southwest Bangalore, a remarkable transformation is unfolding.
02 Nov 2023
Initial Public Offering (IPO)Mamaearth's IPO oversubscribed 7.6 times, receives bids worth Rs. 7,130cr
Mamaearth, an Indian skincare start-up, has seen its initial public offering (IPO) oversubscribed by a factor of 7.6, drawing bids totaling Rs. 7,130 crore.
30 Oct 2023
BusinessLenskart acquires TangoEye for AI-driven in-store improvements
Eyewear retailer Lenskart has purchased artificial intelligence-driven computer vision start-up TangoEye to enhance in-store and product experiences.
27 Oct 2023
OlaRapido plans to enter cab business in India
Bike taxi start-up Rapido is venturing into the cab market, where it will compete with giants like Uber and Ola.
25 Oct 2023
Narendra ModiPM Modi to inaugurate India Mobile Congress on October 27
The 7th edition of India Mobile Congress (IMC), the nation's largest telecom industry event, is scheduled to be inaugurated by Prime Minister Narendra Modi on October 27 at Pragati Maidan in New Delhi, as announced by the Department of Telecommunications (DoT).
17 Oct 2023
JioCinemaJioCinema's new OTT show will let you invest in start-ups
JioCinema is gearing up to launch Indian Angels, which is being touted as the world's first angel investment show on an over-the-top (OTT) platform.
17 Oct 2023
Space ScienceSpace start-up Agnikul raises $26.7mn to prepare for commercial launches
Indian space tech start-up Agnikul has raised $26.7 million to develop its small satellite rocket for commercial missions.
16 Oct 2023
SwiggySwiggy increases platform fee on food delivery orders: Here's why
Popular food delivery service Swiggy has increased its platform fee by 50%, from Rs. 2 to Rs. 3 per order.
11 Oct 2023
BusinessDunzo's troubles mount as another top executive departs
Sudarshan N, Dunzo's Head of Finance, has stepped down from his position amid the hyperlocal delivery start-up's ongoing fundraising and cashflow management efforts.
11 Oct 2023
BusinessZerodha's Nikhil Kamath launches 'WTF Fund' for Gen Z entrepreneurs
Nikhil Kamath, co-founder of Zerodha, True Beacon, and Gruhas, has launched the "WTF Fund" to back young entrepreneurs under 22 years old in the fashion, beauty, and home industries.
11 Oct 2023
BYJU'SBYJU'S lenders hire Kroll to safeguard assets of Great Learning
Kroll, a risk advisory firm, has been hired by BYJU'S lenders to protect the charged assets (assets used as collateral to secure loans) of Great Learning and BYJU'S Singapore branch.
10 Oct 2023
BooksPlanning to start a business? Read these entrepreneurial books
Every successful entrepreneur has a unique journey, but one common thread among them is their thirst for knowledge.
09 Oct 2023
FintechIndian-origin entrepreneur fires 40% staffers of his fintech start-up
San Francisco-based fintech start-up Synapse, led by Indian-origin CEO Sankaet Pathak and backed by global venture capital firm Andreessen Horowitz (a16z), has laid off 86 employees, which is nearly 40% of its workforce.
04 Oct 2023
IndiaBGMI-maker Krafton announces incubator for Indian gaming start-ups
Krafton, the mastermind behind the hit game BGMI, has launched the Krafton India Gaming Incubator (KIGI). This will bolster and broaden India's gaming landscape.
03 Oct 2023
BusinessAnother Dunzo co-founder set to exit start-up
Mukund Jha, co-founder and Chief Technology Officer (CTO) of the on-demand delivery start-up Dunzo, is rumored to be leaving the company soon.
02 Oct 2023
BusinessAnother setback for Dunzo as co-founder Dalvir Suri exits
Dalvir Suri, co-founder of hyperlocal delivery start-up Dunzo, is stepping down after more than six years with the company.
28 Sep 2023
BusinessNikhil 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'SBYJU'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 MarketZerodha 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.
