Page 38 - Start Ups

WazirX reports 40% assets dip in reserves after July security breach

The decline in WazirX's holdings comes as the firm undergoes restructuring after a cyberattack led to the theft of over $230 million in July

B2B e-commerce platform ElasticRun reduces FY24 loss to Rs 359 crore

Company made a strategic pivot in FY24 to support high-margin regional brands to drive better profitability metrics

India's startups need more than growth; focus on governance also crucial

Some of the most prominent startups are struggling to build the governance structures they need to handle their rapid growth

Avaana raises $135 mn for climate fund to fuel climate-tech startups

Incidentally, GCF, the world's largest climate fund, is making its first investment in a climate venture fund in India through Avaana Climate and Sustainability Fund

CCPA orders Ola to offer refund choices, provide auto ride receipts

The other changes implemented were showing address of both pickup and drop locations to drivers and revised payment cycles for drivers for swift payment

WazirX moved over $73 million crypto after data breach: CoinSwitch

WazirX, which is staring at liabilities worth $546.5 million, transferred $72.13 million worth of crypto to Bybit and $1.5 million funds to Kucoin, Ashish Singhal, co-founder and CEO, CoinSwitch, said

Dairy-tech startup Stellapps raises $26 million in series C funding

Stellapps' dairy-tech is deployed in over 42,000 villages, enabling the movement of more than 14 million litres of milk every day

Sharad Sanghi's AI cloud startup Neysa raises $30 mn in Series A funding

This investment builds on Neysa's successful $20 million seed round earlier this year

Great Learning registers 23% revenue growth at $118 million in FY24

The company said it has registered growth on account of upskilling demand for artificial intelligence and business gains in the US and Europe

Zomato's CEO Deepinder Goyal launches health, wellness startup 'Continue'

Goyal, who has long expressed interest in health and wellness, has previously invested $10 million in Alpha Wave-backed Ultrahuman-a startup that makes health tracking wearables

D2C brands raise funds to boost sales through quick-commerce platforms

Brands are allocating substantial portions of their marketing budgets to qcom

Early bird result for Q2FY25 signals a continued slowdown in India Inc

7% top-line growth in Q2 slowest in 5 qtrs; bottom-line expands 5%

Zepto in talks to raise $100-150 mn from domestic investors ahead of IPO

Quick commerce firm has raised over $1.2 billion in funding in the last 14 months

BPEA Credit rebrands to Ascertis Credit, expands focus on Asia markets

The firm has raised four funds and invested over $1 billion in performing credit, primarily focusing on India and Southeast Asia

GenAI start-up landscape witness broad-based growth, crosses 240 in H1 2024

Net funding addition of $152 million since H1 CY2023, cumulative funding grows over $750 million since 2023, according to Nasscom report

Temasek seeks CCI approval to buy stake in foodtech firm Rebel Foods

Singapore's sovereign wealth fund Temasek Holdings has sought approval from the Competition Commission of India (CCI) for acquiring a stake in foodtech company Rebel Foods.

Shoe startup Yoho aims to fill the market gap in comfortable footwear

The direct-to-consumer footwear brand aims to enhance customer experience and product offerings following a Rs 27 crore funding boost. It will deploy the funds to drive business growth and innovation

Neuron7.ai secures $44 million in Series B led by Smith Point Capital

The firm operates in Bengaluru and plans to scale operations in India, targeting 10x growth in 2024

Oyo likely to raise $200 million at 2x valuation of $4.5-5 billion

Fundraise to help it take over budget hotel chain Motel 6

Jewellery retailer GIVA raises Rs 255 cr in Series B funding round

The extended Series B funding round was led by Premji Invest, Epiq Capital, and Edelweiss Discover Fund, with participation from GIVA's top management