Page 51 - Start Ups

Cricket commentator Harsha Bhogle invests in gaming startup Hitwicket

Bhogle is expected to help the company expand its global outreach to 50 million downloads within the next two years, from 5 million downloads currently

Audio streaming platform Pocket FM completes 1st ESOP buyback worth $8.3 mn

Pocket FM's valuation almost doubled after its latest funding round to about $750 million, up from $390 million when it previously raised $65 million in its Series C round in March 2022

Zomato gets GST notice of Rs 23.26 cr from Karnataka tax authorities

The company received the tax order for the overutilisation of input tax credit, along with associated interest and penalties

Zomato gets GST demand order of Rs 23.26 cr from Karnataka tax authorities

The online food delivery platform said it will appeal against the order before the appropriate authority

Krutrim AI models improving almost every week, says company executive

The startup aims to address the inherent hallucination issue in AI models by leveraging user feedback from its beta program

Musk's Grok-1.5 AI chatbot to be available on social network X next week

Musk said xAI would open-source Grok, days after the billionaire sued Microsoft-backed OpenAI for allegedly abandoning its original mission in favor of a for-profit model

Atoms 3.0: Accel's 6-mnth pre-seed accelerator program, unveils 8 startups

The cohort receives up to $500,000 in funding, access to perks worth more than $5 mn from venture capital firm Accel's network partners, personalised mentorship

Swiggy records $200 million loss in nine months to December 2023: Report

The document showed that losses stood at 17.3 billion rupees $207 million during April to December 2023 - the first nine months of fiscal year 2023-24

Aggrieved investors will participate in Byju's EGM on Friday morning

Byju's EGM is scheduled to start at 10 AM IST on Friday to seek shareholders' approval to increase the authorised share capital of the company, following the $200 million rights issue

The bigger the pain, the sooner you will get the money: Rajesh Magow

Rajesh Magow of MakeMyTrip reveals the secret for startups to negotiate this funding winter

PhonePe users can now make UPI payments in UAE via NEOPAY Terminals

The transactions will be facilitated by the Unified Payments Interface (UPI). The account debit will occur in Indian rupee, showing the currency exchange rate, PhonePe said in a statement

Skyroot Aerospace successfully test fires Stage-2 of Vikram-1 rocket

The test, done on Wed, which lasted 85 seconds, recorded peak sea-level thrust of 186 kilonewtons (kN), which will translate to a fully expanded vacuum thrust of around 235 kN in flight, firm said

CarDekho Group eyeing 40% consolidated growth in FY25, says Amit Jain

Going forward, CarDekho Group is looking to build more offerings that would cater to car owners' holistic requirements and provide greater value propositions to users

Co-working space provider BHIVE eyes IPO at issue size of Rs 500 cr by 2025

Backed by Blume Ventures, BHIVE expanded into the Mumbai-Pune region, securing office space at Adani's tower in BKC with an investment of Rs 25 crore

Startups wait for spring: Funding winter appears over but challenges ahead

After battling funding winter and scandals, the sector focuses on profitability

CY24 trend so far: Two unicorns, but funding to startups down 29%

India 4th-largest recipient of funding

Amazon Pay to ramp up Smart Store services partnership with top 20 brands

The company has launched 18,000 Smart Stores in the country since its inception in 2019

Venture capital major Accel aims to invest in 25 Indian startups: Prashanth

May launch India-focused fund in a few years

Fintech startup Yenmo secures $500,000 investment from Y Combinator

Yenmo offers a full-stack API (application programming interface) solution for other companies to integrate loans against mutual funds into their products

Investors oppose Byju's March 29th EGM, NCLT denies any immediate relief

Byju's has called the extraordinary general meeting (EGM) on March 29, to increase authorised share capital of the company following the recent $200 million rights issue