Page 40 - Start Ups

Cryptocurrency exchange WazirX completes asset restructuring on platform

The redistribution of assets will be made in the form of tokens, the company said, conditional to its users voting in affirmative to its scheme

Nirmata raises $9.6 million to expand AI-driven cloud-native solutions

As AI-driven applications drive the surge in cloud-native technologies, businesses are rapidly adopting new solutions and building platform engineering teams

PhonePe clocks record 8.1 bn UPI transactions in January, shows NPCI data

PhonePe continued to dominate the UPI ecosystem, commanding a 47.67 per cent market share, with Google Pay and Paytm holding 36.38 per cent and 6.78 per cent, respectively

Zepto Cafe hits 75,000 daily orders, marking a 50% month-on-month surge

Zepto Cafe has said it has surpassed 75,000 daily orders. The app was launched in December 2024

SaaS unicorn Perfios acquires financial crime management company Clari5

The company said the acquisition strengthens its fraud and risk management (FRM) capabilities and drives product-led synergies. Perfios said the move solidifies its presence across key global markets

Decide on BCCI-Byju's settlement in a week, NCLAT directs tribunal

The apex court had then asked BCCI to transfer the money in an escrow account, sending the case back to NCLT

Cognida.ai raises $15 million to transform enterprise AI adoption

Cognida says its practical approach reduces AI implementation time from eight months to just 12 weeks, making AI adoption predictable and profitable

TrueFoundry secures $19 million to transform AI deployment at scale

The Series A funding will allow TrueFoundry to accelerate its mission towards building a universal platform to develop and deploy AI applications with zero infrastructure hassles

Riju Raveendran moves NCLAT against decision to reinstate 2 Byju's lenders

Riju, who is the brother of founder Byju Raveendran, has challenged a January 29 order of the National Company Law Tribunal (NCLT)

Make OpenAI affordable for developers: Top Indian startup chiefs to Altman

The importance of India to OpenAI was stated by Altman, when he said that India is the second largest market for OpenAI

Swiggy Q3 results: Net loss widens to Rs 799 crore, GOV grows 38%

Swiggy's food delivery business gross order value (GOV) grew 19.2 per cent Y-o-Y to Rs 7,436 crore

Flipkart's chief product and technology officer Venugopal steps down

Venugopal's exit follows a series of senior-level departures from the Walmart-owned company last year, which has been attributed to a larger organisational restructuring

Edtech company Great Learning launches AI Mentor and AI Teacher

Since its rollout across select cohorts of learners over the past few months, the AI Mentor has made a significant impact, with over 400,000 coding hints generated

Drone battery tech co Dreamfly Innovations raises $1.4 mn in seed funding

In a seed round, a startup raises funds to establish its business. The firm plans to use this fund to scale production capabilities, team expansion and research and development

Raising funds this year will be tough for VCs: Pavestone Capital

However, the firm is not looking to raise any more for at least 12 months, having just closed Rs 816 cr in fundraising, said Managing Partner Laxmikanth V

Budget 2025 slashes digital payments incentives: Is MDR on its way out?

With the Budgetary outlay for UPI transactions cut by 78 per cent, industry insiders wonder if transaction fees are likely to be introduced

Fintech firm Cashfree Payments raises $53 mn in fresh funding round

The company claims to process transactions worth $80 billion annually. It has a base of 8,00,000 merchants, including internet startups and enterprises

VC investors take leading role in guiding startups through AI disruption

From advising on strategic integrations to connecting with top-tier AI talent, VCs are offering more than just capital

HomeExchange to launch in India with the lowest membership cost globally

Will integrate 5,000 Indian homes to network with lowest membership cost worldwide

48% startups have at least one woman director: Economic Survey 2025

However, on the flip side, the reins of entrepreneurial ownership remain dominantly male-held