Page 36 - Start Ups

Global investment group Prosus eyes five India listings in 12-18 months

While Prosus said that the exact timeline for the IPO announcements will come from the firms themselves, it also identified another five investee companies on its "future potential" IPO list

Razorpay partners MHA and I4C to boost digital payments security

This collaboration aims to empower businesses and end customers with critical knowledge to protect themselves while promoting widespread awareness about cybersecurity across India

RBI lifts supervisory restrictions on Sachin Bansal-led Navi Finserv

Following the imposition of restrictions on Navi, the lender cancelled a scheduled fund raising activity of Rs 100 crore. Rating agency CRISIL had also put Navi's ratings on "rating watch"

Zepto CEO sees clear path to IPO in 2025 with profitability in focus

Palicha further said that instant 10-minute delivery models like that of Zepto have generated lakhs of jobs, been wage-additive, and created all-around "value" for both consumers and workers

ShopDeck raises $8 mn to support sellers across Tier-II, -III cities

This capital will drive ShopDeck's mission to empower small and mid-sized businesses, many of which are emerging brands exploring D2C for first time, to achieve profitability and scale

Q-com enablement firms pick up speed as D2C brands eye faster deliveries

As D2C brands embrace quick commerce for faster deliveries, logistics firms are scaling up operations and securing funding to meet rising demand in a rapidly growing market

ePlane to trial drone surveillance with Railways, flying taxis by 2026

The ePlane Company is targeting commercial cargo operations in 2025 and passenger flying taxis by 2026

GenAI startups see 3.4x funding surge in September quarter: Nasscom

In Q2 FY24, the total funds raised stood at $15 million across nine rounds, driven primarily by enterprise applications and Agentic AI

Co-living startup Truliv debuts in Bengaluru with nearly 1,000 beds

Adopting a cluster-based growth approach, Truliv plans to expand its operations by adding 1,500 more beds over the next 18 months, bringing its total to 2,500 beds

MakeMyTrip launches multi-currency payment options to boost inbound tourism

The new payment feature enables users to pay for flights and hotel bookings in major global currencies, including the US dollar, Euro, British pound, and more

Crypto or not: Industry to focus on user protection, licensing regime

A consultation paper on the crypto sector is expected to suggest clarity on regulations after WazirX breach, says CoinSwitch co-founder

Quick commerce major Zepto is India's most funded startup in 3 years

IPO-bound company has raised $1.35 billion in 2024

Insurtech firm Zopper raises $25 mn in to ramp up its digital infra

The funds will also accelerate growth in the firm's current bancassurance offerings and enhance its post sales and servicing capabilities for Zopper's device and appliance protection businesses

''From back-office sites, Indian GCCs becoming innovation hubs now''

India's global capability centres (GCCs) are projected to become a $100 billion industry by 2030, employing over 2.5 million professionals, according to industry data

AI is enabling startups across sectors in India: RTP Global's Nishit Garg

RTP Global's Nishit Garg discusses India's evolving startup ecosystem, AI's role as an enabler, and the firm's investment focus on climate, EV, SaaS, and fintech amid improving market conditions

Reliance-backed Addverb to launch next-gen humanoid robots in 2025

Founded in 2016, Addverb provides smart end-to-end robots for warehouses and industrial automation

Wardwizard partners with SpeedForce to boost Joy e-bike service, reach

SpeedForce, which operates in over 350 locations and services around 150 vehicles per outlet monthly, will now provide sales and service support for Joy e-bikes

The Good Glamm Group completes 100% acquisition of The Moms Co

This comes on the heels of the group's completion of its Sirona transaction and increases in shareholding in other portfolio brands Organic Harvest and Winkl

HealthKart raises $153 million from ChrysCapital, Motilal Oswal Alternates

HealthKart also announced an employee ESOP buyback worth Rs 55 crore, the company's first liquidity event

India's startup ecosystem sees rebound, late-stage deals take lead

Investors attribute the revival to the country's strong public markets, which are boosting confidence in initial public offering (IPO)-bound startups offering viable exit opportunities