Page 50 - Start Ups

Info Edge-backed Funstop Games clocks 5 mn+ downloads for Ram Mandir game

The Shri Ram Mandir Game is a casual game that enables users to manage and build their own Ram Mandir in a 3D simulation environment

Sharad Sanghi's AI cloud startup Neysa raises $20 mn in seed funding

Neysa is the second entrepreneurial stint of Sharad Sanghi, considered to be pioneer of the Indian cloud computing space

Cornerstone Ventures launches second fund worth $200 mn for B2B startups

Through the fund, investments will be made across stages, with a focus on early growth stage VC bets

85% dip in top venture capital funding in 2023; hopes up for 2024

Over the past two years, prominent global VC firms have also divested from some of their investments

Metastable Materials plans to expand high-yield battery recycling capacity

Founded in October 2021, the company's current manufacturing facility, located in Bangalore, holds a capacity to extract 5 tonnes of materials per day

Investor funding in edtech driving unwarranted behaviour: Byju's Aakash CEO

During the edtech's growth stage, several brick-and-mortar test preparatory firms entered the online space, while online education firms added brick-and-mortar centres

Income tax notices lead to stress among startups, executives and investors

The notices were served under Section 68 of the Income Tax Act. They have clubbed the investments made in the startups, along with the revenue, to calculate the tax, according to the sources

Investor funding in edtech drives unwarranted behaviour: Byju's Aakash CEO

"Investors' funding is very clearly driving behaviours which are not good for anyone, I only hope sanity prevails," said Mehrotra who has been appointed AESL's CEO on Monday

BharatPe rejigs senior management of payment, lending unit verticals

The company has elevated its banking and alliance Chief Business Officer Sandeep Indurkar as CEO of payment vertical -- Resilient Payments Pvt Ltd

Agnikul puts off launch of Agnibaan sub-orbital rocket for the third time

"The Agnibaan SOrTeD lift-off was cancelled at T minus 92 seconds," the IIT Chennai incubated start-up said

Emergency arbitrator asks Byju's to not sell around 6% stake in Aakash

Arbitration proceedings were initiated by the MEMG Family Office in March to protect its rights, as per the undertaking given by Byju's at the time of securing the loan

Byju's 'breached' terms of loan worth $42 mn; stake sale in arm blocked

Byju's was India's biggest startup until 2022 when it was valued at $22 billion, but has seen its fortunes dwindle amid an auditor exit

BS Manthan: Never had a funding winter, says Sanjeev Bikhchandani

The comment from Bikhchandani--who's sometimes referred to as the father of Indian startups-came in the backdrop of Indian startup funding hitting a seven-year low in 2023

Nazara games subsidiary to acquire Ultimate Teen Patti IP from Games24x7

Launched in 2015, Ultimate Teen Patti (UTP) is a free casual card game for entertainment purposes only and does not offer any real money to the players

Tech consultant LTIMindtree partners with Aforza to setup training academy

The partnership between Aforza and LTIMindtree is set to support the front office operations of Consumer Products manufacturers and distributors

Swiggy's executive exodus continues as vice president Karan Arora quits

The Vice President and Head of Supply Chain Management at Swiggy, Karan Arora, will join Convenio, an offline retail startup, as co-founder

Singapore Tourism Board, PhonePe sign MoU to boost UPI for Indian tourists

The collaboration with the tourism board and the Bengaluru-based company builds upon the existing Unified Payments Interface (UPI) linkage between India and Singapore

EV-led delivery service firm Zypp Electric posts 3x revenue growth in FY24

Zypp Electric is now operationally profitable, the company claimed

GenAI startup Vodex raises $2 mn in seed funding round for biz expansion

Vodex helps businesses connect with customers via human-like phone conversations, driving sales and improving customer engagement

'Tripling down on our India strategy,' says Jungle Ventures' Amit Anand

This includes partnering with founders to build high-growth, capital-efficient technology businesses, and supporting their growth from seed to unicorn, and IPO stage