Start Ups

Funding squeeze hit brakes on startups' unicorn race in 2024: Tracxn

Time taken to become unicorn fell by half in four years till 2023; back to 2019 levels again

Google-backed Glance targets profitability in yr, eyes AI-powered growth

While one reason for a profitable growth is expansion into the US markets, Tiwari is keen on the generative AI powered offering, which is expected to be launched in the next four to six weeks

Singulr AI raises $10 mn led by Nexus Venture, Dell Technologies Capital

Singulr is helping enterprises rapidly adopt and operationalise powerful new AI technologies while managing costs and minimising risk.

Pocket Entertainment launches AI-powered comics platform, Pocket Toons

The company is leveraging AI to produce content 20x faster at a third of the cost, making high-quality comics more accessible than ever

Spyne raises $16 million Series A to drive US expansion, AI innovation

This investment will fuel Spyne's growth trajectory, focusing on aggressive expansion in the US and developing its next-generation AI solutions designed to transform automotive retail

IPO-bound Udaan raises $75 million from M&G, Lightspeed, and others

Udaan co-founder and chief executive officer Vaibhav Gupta said that the company was in advanced talks to close an additional equity round of $25 million from potential investors in the coming quarter

PhonePe launches device tokenisation for credit and debit card transactions

This is a first among companies that have decided to offer direct solutions to customers without requiring a merchant's reliance on third-party payment orchestration platforms

Indian startup unicorns grow far beyond IIT, IIM, and ISBs: Study

At the top of non-IIT/management institutes is Birla Institute of Technology & Science (BITS), which has produced 10 startup unicorn founders in the US

AI can be a game changer in personalised learning: Great Learning CEO

In a video interview with Peerzada Abrar, Lakhamraju highlighted the high costs of top-tier education, where the best teachers are typically found at prestigious universities

PE/VC investments in India off to a strong start in 2025: EY IVCA report

The report highlights a favourable macroeconomic environment, strong fiscal health, and stable government policies as key drivers of India's PE/VC ecosystem

SpotDraft raises $54 mn to lead AI-powered contract lifecycle management

SpotDraft's Series B funding round, spearheaded by Vertex Ventures and Trident Partners, will accelerate the company's global expansion and drive the advancement of its AI-powered product innovation

Razorpay elevates Haria to role of CPO as it eyes Southeast Asia expansion

The appointment comes at a time when the company is planning to expand in Southeast Asia and focus on expanding Unified Payments Interface (UPI) and Razorpay POS

Religare saga: Saluja moves HC against Sebi, seeks to quash Burmans' offer

Fresh petition filed on Tuesday states that the letter of offer does not adhere to the conditions set by RBI

Bhavish Aggarwal's Krutrim brings DeepSeek R1 to Indian developers

Policy shift has triggered a significant backlash from anti-corruption watchdogs

Senior partners Shailesh Lakhani, Abheek Anand exit venture firm Peak XV

Lakhani and Anand have been with the firm for 17 years and 12 years, respectively. Both partners have made significant investments for the firm over the years

Amazon Pharmacy expands medicine access from Andaman to Arunachal Pradesh

Using Amazon's nationwide logistics network, customers can now access a wide range of medicines, with same-day delivery available in 23 cities, including top metros and Tier-II cities

Lennox India announces $6 million investment to expand Chennai GCC

The expanded GCC in Chennai is equipped with state-of-the-art facilities designed to support Lennox's global operations in HVACR solutions

magicpin revenue triples to Rs 870 cr in FY24, becomes 3rd largest food app

The company continued its dominance on the government-backed Open Network for Digital Commerce (ONDC), maintaining its status as the largest food delivery seller app on the network

Honeywell, AM Green sign MoU to advance carbon capture, SAF in India

The feasibility study is expected to conclude by mid-2025, marking a critical step towards achieving large-scale decarbonisation

Several startups likely to go public in 2025 despite challenges: Report

Further, the report said startup founders continue to look at domestic IPO as the likely mode of exit, with 73 per cent of founders choosing this mode of exit, up from 64 per cent in 2023