Page 22 - Udisha Srivastav

Growth capital firm Playbook Partners targets 2025 to raise $250 mn fund

Playbook Partners aims to invest in 12-15 companies in two years, with an average ticket size of $20 million

Vayudh raises $10 million in funding round led by Dharana Capital

The funds will be used to deepen the company's research and development (R&D) capabilities, expand manufacturing infrastructure, and accelerate deployments with India's defence forces

Online gaming firm Zupee turns profitable in FY24, revenue up 35%

This marks a recovery from the Rs 36 crore loss the company posted the previous year (FY23)

In the eye of the storm, one BluSmart co-founder finds overwhelming support

Unlike in the past where founders have been pulled up for their role in such cases, Goyal has been spared the criticism. As if he was unaware of what was happening at BluSmart

BluSmart users' wallet woes: 'Closed loop' model may pose refund issues

Blusmart may not earn any interest on funds in the escrow account that handles the wallet

We are building an internet supermarket chain: Zepto's Aadit Palicha

Zepto is currently present in 50 cities in the country and delivers an average of 1.5 million orders a day

Race for speed: Qcom competition hots up as ecom players enter fast lane

The question that has kept the industry abuzz is whether Amazon-the fifth big player in the q-com market--could beat those who have been early players in the sector

Gensol-Blusmart saga: Cautious investors call for better startup governance

Investors feel that the Gensol-Blusmart saga could potentially slow down funding momentum in the short term

BluSmart's shock exit leaves India's green mobility market up for grabs

According to data from brokerage firm Motilal Oswal published in January, Uber leads the country's cab-hailing market on average daily rides and monthly active users

BluSmart stops cab bookings: Wallet woes leave users in the lurch

Early investors who exited firm say they saw signs of chaos

Tighter norms, rising compliance failures driving scrutiny for startups

Jaggi brothers case spotlights rising governance issues in startup ecosystem

Electric ride-hailing co BluSmart halts cab bookings amid Gensol crisis

Sources also confirmed that the Uber and BluSmart deal is being re-evaluated

India's D2C segment sees funding decline to $757 million in 2024

The decline in funding can be attributed to investor caution amid global economic slowdown, oversaturation of similar brands, and fluctuating unit economics driven by high customer acquisition costs

Need central-level uniform regulation for gaming sector: Winzo Cofounder

Currently, several states have their own sets of norms for the industry

Ecom means biz with AI: Technology repurposed to serve Indian customers

As more people in towns and rural areas shop online, firms are localising and training AI tools for cultural nuances

Ahead of IPO, Zepto appoints Airtel's Akhil Gupta to company board

Currently, Zepto's board includes co-founders Aadit Palicha and Kaivalya Vohra, alongside Avra founder Anu Hariharan and Nexus Venture Partners co-founder and managing director Suvir Sujan

IIMA Ventures to back 30 deep-tech startups with Rs 40 crore fund

In August 2023, both institutions signed a memorandum of understanding (MoU) to establish a jointly funded initiative with equal contributions from each side

Logistics startup Xindus raises $10 mn for expansion in India-US corridor

The Gurugram-based company plans to utilise the capital to scale its operations in the India-US corridor while expanding across the United Kingdom, Canada, Australia, Europe, and the Middle East

More than 57% of gig workers experience stress during instant deliveries

Around 56.5 per cent of gig workers believe that 60-minute deliveries allow them to earn more profit while completing more orders without the pressure of constant urgency

Zepto says it's nearing $4 bn annualised GOV, reduced operating cash burn

Quick-commerce company growing meaningfully, says CEO Aadit Palicha