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Startup funding dips 71% in 2023; consumer, environment tech sectors shine

Consumer tech start-ups, offering technology-driven products and services to consumers, have managed to corner the most funding at $1.6 billion

Meesho to double down on AI/ML investments amid profitability push

The company has been betting big on data science and technology-driven use cases over the past three and a half years

Sequoia splits into 3 independent entities, India biz now Peak XV Partners

There will be no change in the firm's portfolio management strategy

Course5 Intelligence announces second close of $53 million funding round

Investment was led by Nuvama Asset Management, with participation from Carnelian Asset Advisors

Indian households to make over 50% non-cash transactions by FY26: Report

Indian e-commerce market will be worth Rs 900,000 crore then, says the research

Climate tech push: EV start-ups set to power India's next unicorn club

Corner a hefty chunk of investments despite ongoing funding winter; at present, Ola is the only unicorn among 970 homegrown enterprises in the EV space

Environment tech startups raised $2.1 bn in FY23 amid funding winter

Late-stage deals accounted for 55% of total investments at $1.2 billion, early-stage funding made up 39% of the share, with these startups raising $831 million

TVs to cost 10% more as open cells get costlier; laptops, phones may follow

Smartphone costs could go up, as open cells constitute 18-30% of the total cost

WinZO concludes third round of ESOP liquidation for 25% of workforce

Online gaming start-up's announcement comes at a time few start-ups are making such payouts

Brand discovery platform Magicpin adds 10,000 fashion stores in a year

Gurgaon-based company aims to add another 10,000 stores by the end of 2023

ONDC to launch new incentive scheme on June 1, caps discounts at Rs 100

New strategy caps maximum discount at Rs 100 per order, compared to the earlier limit of Rs 125

ESOP payouts, buybacks plummet among Indian start-ups amid funding winter

While the funding slowdown has had no significant impact on the issuance of ESOPs, a liquidity crunch has caused the once-overflowing well of ESOP buyback programs to run dry

Fitch upgrades IPO-bound Oyo's long-term issuer rating to 'positive'

Agency sees major growth in Oyo's Ebitda in FY24, led by ongoing demand recovery in travel and tourism, the company's stable gross margins, and reduction in operating costs

Meesho's valuation slashed 10% to $4.4 billion by Fidelity Investments

Fidelity holds stakes in the e-commerce firm through multiple funds

Atomberg raises $86 mn in series C funding from Temasek, Steadview Capital

Consumer appliances start-ups will use the financing to strengthen manufacturing, develop new products

Foreign VC funding in India declines 72% as unicorn machines stutter

Foreign money plays a crucial role in start-up funding in India

Info Edge slips into red in Q4, writes off investment in Bizcrum Infotech

Revenue from operations saw a 28 per cent year-on-year (YoY) uptick to Rs 604.8 crore in Q4, up from Rs 472.9 crore in the same period last year

Nykaa Q4 earnings slip 72% to Rs 2.4 crore, even as revenue rises 34%

This came as the firm witnessed a demand slump for its fashion business, and expenses surged due to growing cost of materials, employee costs and other expenses

Gaming firms hail CBDT's online gaming TDS clarifications on bonuses & sops

TDS not to apply if bonuses are used only for playing, or if net winnings do not exceed Rs 100 a month, or if balance in the user account is not sufficient to discharge tax deduction

Physis Capital announces first close of $50 mn fund for start-ups

Fund aims to build a portfolio of 15-20 start-ups, with an average ticket size of $2.5 million