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Indian fantasy sports revenue increased 24% during IPL 2023: Report

61 mn people participated in fantasy gaming during the T20 cricket tournament

Digital consulting firm KaarTech raises $30 mn in funding from A91 Partners

Chennai-based B2B company says it will use money to expand business in international markets

HP bets big on gaming, SMB deals in India amid PC market headwinds

HP, with a market share of 33.8% in India has maintained its top spot in the PC market since 2016

VC firm Good Capital launches $50 mn fund to back start-ups leveraging AI

It will in over four years invest in firms that have an average ticket size of $1.5 million

Zomato keeps its lead over Swiggy, gross merchandise value jumps 26%

In its annual report earlier this week, Prosus - Swiggy's biggest investor with a 33 per cent stake in the company - indicated that Swiggy's losses jumped 80 per cent year-on-year (YoY) between Jan 1-

Unacademy's cash burn falls to Rs 1.9 crore, says CEO Gaurav Munjal

"Our FY'24 numbers are going to be awesome. This year is going to be the best year for Unacademy so far," the CEO added

VC firm Omnivore announces first close of third fund at $150 million

Omnivore Agritech and Climate Sustainability Fund, launched last April, will focus on startups developing breakthrough tech for agriculture, food, climate, and rural economy

Lot of global investor interest in India right now: Arkam Ventures MD

We expect more foreign limited partners to put money into India, says Bala Srinivasa, MD, Arkam Ventures

Angel investment platform IPV makes 12 exits in 2022, logs 160% IRR

Some of the key exits include high-performing startups like BluSmart, Otipy, Stage, Kazam and Buyofuel

Swiggy's losses jump 80% YoY and PayU business rev up 31%: Prosus

Swiggy's core restaurant food delivery business, Prosus said, recorded GMV growth of 26 per cent, while Instamart -- its quick commerce vertical - grew its GMV by 459 per cent

Tier-2 city consumers spend 16% of income shopping online: CMR study

86% of consumers rely on influencers' or publishers' reviews to make their purchase decisions. Notably, males appear to follow influencers more diligently (90%) than females (80%)

DealShare to invest Rs 1,000 cr in SMEs in 5 yrs, assist its private labels

Social commerce firm said it will help brands find wider appeal, ensure manufacturing quality

Tier-2 city consumers spend 16% of income shopping online: CMR study

Tier-II cities, including Guwahati, Coimbatore and Lucknow amongst others, lead in terms of time spent on online shopping

Arkam Ventures launches second fund with a target corpus of $180 mn

Through the fund, the firm will make investments in Series A and Series B start-ups, with a focus on emerging sectors like electric vehicles and manufacturing technology

Gaming-focused VC firm Lumikai launches second fund worth $50 mn

Fund will take bets in pre-seed to series A start-ups with an average ticket size ranging between $200,000 and $1.2 mn

In Indian start-up technology churn, generative AI gets edge over Web3

Raise $7.1 million in funding across eight deals until June 1

VC firm Avaana Capital announces first close of climate tech fund at $70 mn

Fund will invest in sectors like energy transition, mobility and supply chains, sustainable agriculture

Spacetech start-up Digantara raises $10mn in funding for satellite service

Company developing technology infrastructure that enables safe space operations

Pet food start-up Drools raises $60 mn in funding from L Catterton

Infusion amounts to 10% of firm's valuation; Drools currently has 38% market share in Indian pet food market and exports to 22 countries

IIT Madras raises Rs 231 cr in funding from alumni, firms, donors in FY23

Donations help premier institute to build 'Centres of Excellence' and provide scholarships and fellowships