Page 38 - Start Ups

Credit-on-UPI fintech Kiwi rooted in upheavals in economy, co-founder says

Demonetisation and the pandemic drove India's digital transformation in financial services. Companies built unique use cases around UPI

Mumbai-based start-up Manastu tests green propulsion system in space

The POEM-4 platform, comprising the fourth stage of the PSLV-C60 rocket that launched the SpaDeX satellites on Monday, has been placed in an orbit at an altitude of 350 kms

New Year's Eve order frenzy: Ice cubes, condoms, chocolates among top items

Zepto CEO Aadit Palicha shared interesting insights on user orders via social media

Zepto's second top-level exit in a month as VP Jitendra Bagga resigns

This development follows the resignation of Zepto's chief human resource officer, Martin Dinesh Gomez, earlier this month

CAIT writes to Piyush Goyal, seeks action against quick commerce firms

CAIT national president BC Bhartia accused quick commerce platforms like Zomato-owned Blinkit, Instamart (Swiggy), and Zepto of misusing funds received through foreign direct investment

8 in 10 app taxi users report dark patterns like bait-and-switch, others

4 in 10 app taxi users also confirm experiencing drip pricing, according to the survey, which said price manipulation based on user information was experienced by the consumers

From toys to electronics and gold: Indians shift to quick 10-minute orders

The big spenders hailed from Delhi and Dehradun, splurging over Rs 20 lakh each on Swiggy Instamart this year

Cricketer Ajinkya Rahane invests in tech startups Proxgy's Series A funding

Other key investors in the round include Zerodha co-founder Nikhil Kamath, film actor Suniel Shetty, industrialist Vinod Duggar and key investor Manish Patel

Perfect human-machine interaction likely in 12-18 months: CoRover CEO

CoRover develops human-centric conversational platforms driven by generative AI (Gen AI) technology, including chatbots, avatars, and voice bots, and has already gained over a billion users

Unicorn boom or bust: India's best and worst performing startups in 2024

In 2024, India's startup scene showcases a mix of triumphs and struggles, with innovative leaders like Zepto rising while giants like Byju's face significant challenges

Zomato surpasses HUL, Nestle in Sensex with a weightage of 2.77%

Zomato's Sensex weightage stands at 2.77 per cent, ranking 12th among the 30 components, surpassing consumer giants like Hindustan Unilever, Maruti Suzuki, Asian Paints, and Nestle

Semiconductor startup Mindgrove Technologies raises $8 mn Series A

Mindgrove's system-on-chips (SoCS) are built to be power-efficient and cost-effective for use in Internet of Things (IoT), vision and automobiles

Indian technology startup scene in 2024: More unicorns, more exits

Technology startups raised $11.3 billion, a six per cent increase from $10.7 billion raised in 2023

Tamil Nadu achieves milestone with over 10,000 DPIIT-registered startups

The state's startup ecosystem has been 'thriving' with 9 regional hubs and a metro hub in Chennai, providing a robust infrastructure for budding entrepreneurs to grow

Unicorn startups' headcount declines 6.7k in a year: PrivateCircle Research

Mumbai unicorns saw a net decrease of 7,024 employees. Pune and Hyderabad too recorded a decrease in their overall workforce numbers

Namma Yatri's eyes to transform mobility space with zero-commission model

Till date, Namma Yatri said it has generated over Rs 1,100 crore in driver earnings, improving their financial stability and livelihoods

AI firm Databricks raising $10 bn Series J Investment at $62 bn valuation

Funding led by new investor Thrive Capital. Company expects to cross $3 bn in revenue run rate and achieve positive free cash flow in fourth quarter

Kaapi Machines: Using digital tech to deliver a perfect cup of coffee

The firm's IoT-enabled machines are installed in offices and public places, including at Microsoft, Facebook, Rashtrapati Bhawan, and the iconic Deccan Queen train

Yotta Data seeks $500 mn private credit to invest in data centres

The company will likely go for a bilateral deal to be finalized in early 2025, they said, adding the terms are not finalized yet and bank credit is also an option

Flipkart-backed super.money plans credit and wealth management push

Fintech has become sixth-largest UPI app, processing over 78 million transactions in November