Page 45 - Start Ups

EdTech firms moves SC against grace marks given to NEET-UG 2024 candidates

The plea challenges the alleged award of grace marks on account of loss of time apparently due to several reasons. The petition is yet to be listed for hearing

Uber invests in tech-led features to make it safer for riders, drivers

The ride-hailing firm has also built the Centre of Excellence for safety, where teams handle safety issues ranging from a verbal dispute over cash or route to critical incidents like accidents

Salt revolutionises B2B cross-border payments for Indian merchants

Salt simplifies cross-border payments, automates compliance, and cuts processing time for Indian merchants, supporting SMEs, startups, and freelancers with cost-effective solutions

Skincare startup Foxtale raises $18 mn in funding for category expansion

Founded by Romita Mazumdar, the Mumbai-based startup commenced operations in January 2022 and has a vast customer base spanning over 100 Indian cities

Ola Electric gets Sebi approval to raise $660 mn through IPO: Report

Ola now plans to list its shares by mid July, and in coming days will reach out to investors to assess demand for its issue, both sources said

Battery Smart raises $65 mn in funding round led by LeapFrog Investments

The freshly raised funds will be utilised to fuel the company's next phase of expansion, Battery Smart said

Growing presence: D2C brands hitch a ride on the quick-commerce wagon

D2C brands growth in quick commerce has overtaken traditional e-commerce, and the channel is currently proving to be more profitable as well

Unacademy cofounder and CTO Hemesh Singh quits the edtech company

After almost a decade of building Unacademy, Singh has decided to move from an executive role to an advisory role

India's strong growth leading to trend of 'reverse flipping' for startups

Commerce Secretary Sunil Barthwal also said that the digital economy along with emerging technologies like AI and the rise of data centres were key to future Indian growth

Pixxel, Sarvam AI among 10 Indian startups in WEF's Tech Pioneers list

The list has total 100 leading tech startups which are focused on applying new breakthroughs in AI to develop clean energy solutions, healthcare innovation and progress in biotech, space

BoAt to scale down wearables biz, focus on high-end audio products

The company is 18 months away from IPO, says CEO Mehta

Byju's lenders start bankruptcy proceedings against its US assets

Byju's founders unlawfully diverted $533 million in loan proceeds, the whereabouts of which are still unknown, alleged the lenders

Aye Finance adopts 'phygital strategy' to revolutionise credit underwriting

Aye Finance's phygital strategy leverages technology to underwrite credit and disburse loans, using business markers to predict sales and categorise underwriting methods

Fintech firm Fibe raises $90 mn in funding round led by TR Capital

Founded in 2015 by Akshay Mehrotra and Ashish Goyal, Fibe facilitates consumer finances like healthcare loans, edtech loans, insurance financing, and school fee financing, among others

Lenskart raises $200 million in secondary round at $5 billion valuation

Peyush Bansal-led firm continues to deepen its penetration in India while rapidly scaling its international presence in Asia including in Southeast Asia and the Middle East

Fewer startups getting bigger cheques when investors chase returns

There were 465 deals this year, compared to 758 reported in the same period last year

AgniKul fires up reusable rocket dream, orbital launch next target

Agnibaan is a two-stage launch vehicle capable of carrying up to 100 kilograms of payload to an extent of around 700 km to low earth orbit

Space startup AgniKul rockets into history books with Agnibaan liftoff

Agnibaan SOrTeD uses the world's first single-piece 3D printed engine, designed and built indigenously

Role of foreign investments in India's thriving startup ecosystem

Foreign investments bring crucial capital, technology, and global market access, propelling India's startup success and innovation

Skye Air Mobility: Pioneering drone delivery in cities and remote areas

New Delhi-based tech start-up has transformed the concept of drone deliveries, with an impressive track record of two million successful deliveries