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India Accelerator announces Dubai foray, will invest $20 mn in start-ups

Incubator will provide start-up founders with four-month training in business growth

How Souled Store is riding young India's swelling pop culture wave

The Souled Store's target audience is young Indians in the age group of 16-30 years, a bulk of which is middle class - the biggest segment in India

Venture debt platform Blacksoil announces raising $25 mn in fresh capital

Company says it start-ups looking for support amid funding winter are turning to venture debt

B2B apparel platform Zyod raises $3.5 mn in seed funding from Lightspeed

FJ Labs, Panthera Peak Capital, and select angels also participated

User engagement platform CometChat Raises Rs 40 crore in venture debt

Funding round led by Utah-based Zions Venture Fund; CometChat offers a full-fledged messaging and communications platform within apps and websites to improve a brand's user engagement

Indian tech SME revenue to reach $40 billion by FY30, says Nasscom

Digital tech SMEs - which offer cloud services, advanced analytics, and AI solutions - will account for 35-40 per cent of overall tech SME revenue by FY30

Oyo pre-files DRHP with Sebi, cuts issue size to $400-600 million

The DRHP was filed under the confidential pre-filing route with a reduced issue size of $400-600 million, all of which will be raised through a primary issuance, in a bid to repay the firm's debt

Indian start-ups see apex tribunal's order against Google as a win

But fees charged by Google for app purchases remain a concern

Funding for Healthtech companies falls 55% to $1.4 bn in 2022: Tracxn

Drop is mostly due to a 75% dip in late-stage investments, from $2.4 billion in 2021 to $606 million in 2022

Programming platform CodeChef hives off from Unacademy amid funding crunch

Firm will now function as an independent unit run by its current team; Unacademy will, however, hold 30% in it as an investor, has also infused some capital to help it run for next 12-18 months

magicpin becomes largest restaurant aggregator on ONDC with 22,000 outlets

Plans to add 5,000 more restaurants to its network in three months; Besides tech integration on ONDC, the firm will also be fulfilling all backend logistics related to ordering and delivery

InCruiter looks to disrupt HR Tech with its Interview-as-a-service offering

The use of AI/ML algorithms by companies to offer comprehensive solutions to recruiters and highly personalized and contextual services to job seekers is now becoming commonplace

80% of early-stage start-ups looking to expand workforce in 2023: Report

These enterprises, the study by Ficci and Randstad says, are well capitalised and have raised series A and B funding rounds

The Souled Store raises Rs 135 cr from Xponentia, mulls IPO in next 3-4 yrs

The firm will use the fresh capital to expand into new product categories and launch over 100 stores pan India within the next 2 years

Ex-Flipkart exec-led Flash.co launches new shopping email ID to reduce spam

The firm has tied up with over 40 known brands to offer a variety of rewards, cashback, and flat discounts across multiple categories including fashion, lifestyle, consumer-tech and D2C

Apparel supply chain start-up Fashinza raises $30 mn in business funding

B2B platform connects small and medium enterprises directly to fashion brands across the world

Less need for capital or headwinds? OYO plans to cut IPO size by two-thirds

Agarwal projects 19% jump in FY23 revenue to Rs 5,700 crore

HR tech start-up InCruiter partners with Taggd to speed up hiring

Company's product helps in conducting interviews and selecting talent for IT and non-IT roles

Paytm gets extension from RBI for resubmission of PA license application

RBI says firm can continue with its online payment aggregation business while it awaits Centre's nod for investments from its parent firm One97 Communication into Paytm Payments Services Ltd

Social commerce the way to tap growing online buyers from smaller towns

Indian e-commerce was worth $83 bn in 2022, will likely grow to $185 bn in 2026, propelled by deeper internet penetration and digital payments