Page 31 - Start Ups

Qcom player Zepto's annualised GOV trebles in 8 months to $3 billion

GOV represents the total value of all orders placed before any deductions for returns, cancellations, or discounts

From 500 to over 159,000 and counting: Nine years of Startup India

As the country celebrates the 9th edition of Startup India, the ecosystem now boasts over 1.59 lakh DPIIT recognised startups and 110 unicorns, making it the third-largest globally

Budget 2025: Tax sops, investments in new tech on Indian startups wishlist

Industry body Nasscom has also called for the Centre to set up a dedicated fund to enable early-stage investments into tech startups between Series A and B rounds of fundraising

Pixxel launches highest-resolution commercial hyperspectral satellites

The Firefly constellation satellites were integrated via Exolaunch and launched aboard the Transporter-12 rideshare mission with SpaceX. The launch took place around 1 am

Flying taxi startup secures $10 mn in Series A1 funding led by Accel

The funding will be used to scale operations, establish a research and development (R&D) centre, expand the workforce, and launch the company's flying taxi prototype

Velocity unveils Shipfast to enable faster commerce for D2C brands

Velocity said Shipfast has reimagined shipping workflows with its logistics partners to optimise for quicker deliveries

Accel, Binny Bansal, Majety back flying taxi venture Sarla Aviation

As urbanisation accelerates and traffic congestion worsens in Indian cities, Sarla envisions a future where Indians can bypass road-bound infrastructure and seamlessly live, work, and thrive

Over 2,000 startups in edtech sector shut shop in past five years

Edtech platforms, which witnessed unprecedented growth during the pandemic-induced lockdown, continue to face funding slowdown, shifting market needs, and operational challenges post-pandemic

At $1.9 billion, Fintech funding declines for third year in a row

The sector raised a high of $8.3 billion in 2021 across 665 funding rounds

With IPO hopes high, AIFs inclining towards late-stage startups: Report

Of the total investments by value, 39 per cent in FY24 went into late-stage startups, compared to only 18 per cent in FY14

New Shop looks to raise $25 million to accelerate store expansion

New Shop recently agreed to acquire 24Seven stores as part of an asset transfer deal

TN thrives on AI in makeover to tech-driven economy, beat other states

Last week, the Government of Tamil Nadu announced the setting up of a 2 million square foot facility for AI in Coimbatore under the public-private partnership mode

Zepto gets NCLT approval to shift domicile back to India ahead of 2025 IPO

Zepto will not require a no-objection-certificate (NOC) from the Reserve Bank of India, the order read

AI's future in India: A journey marked by small wins and bigger gaps

According to data from Traxcn in 2024, the total funding raised by technology startups providing AI as a service and AI infrastructure was $145.9 million through 29 rounds

Games24x7 announces final list of its startup accelerator programme

More than 330 companies had applied to the programme, which was launched in October 2024

DPIIT officials meet AIFs to promote capital mobilisation for startups

The meeting saw the participation of more than 70 AIFs, with discussions focused on capital mobilisation and promoting funding for startups in smaller cities

Practo reports 22% rise in revenue in FY24, GMV crosses Rs 3,500 crore

The digital healthcare platform, which connects patients and doctors, narrowed its losses to Rs 17 crore in 2023-24 from Rs 99 crore in the previous financial year, the statement said

Innovaccer raises $275 mn to expand its healthcare AI capabilities

This funding will support Innovaccer's efforts to expand collaboration with existing customers, introduce new AI and cloud capabilities, and scale its developer ecosystem

Lenskart gears up for IPO, aims to raise up to $1 bn from investors

"The pitch will happen next month. Lenskart is a profitable business," said a person familiar with the development

Ed-tech unicorn PhysicsWallah expands offline presence to over 150 centres

PhysicsWallah offers two types of classes for students: Vidyapeeth, which are its offline centres, and Pathshala, which includes a hybrid model