Page 54 - Start Ups

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

India will have an upper hand in AI: PM Modi at Startup Mahakumbh

The prime minister Modi said that he is making use of AI technology for his election campaign

Uber boosts eco-mobility, backs Indian startups with sustainovate challenge

Uber is committed to achieving net-zero emissions by 2040 and has been continuously working with governments, partners, think tanks, and others to address global sustainability challenges, the company

Startup Mahakumbh: Fintechs must abide by regulations, say investors

The advice comes at a time when the Reserve Bank of India has cracked its whip to get erring fintech's to comply to the existing rules

Facebook co-founder's B Capital closes $750 mn fund for late-stage startups

It will make investments in companies specialising in technology, healthcare, climate technology

End of funding winter? Indian startups set to raise $8-10 billion this year

In 2022, Indian startups raised a total investment of $25 billion. In 2021 the fund raised a new high of $41.4 billion, according to Tracxn

Binny Bansal's Three State Ventures invests Rs 207 crore in Curefoods

The funding would help the startup to compete with firms like Rebel Foods, Biryani by Kilo and EatClub

India bright on global players's radar, optimistic on future: Falguni Nayar

Any compromise on governance just because a company is growing or chasing size and scale cannot be justified, she emphasised

Startups must adhere to self-regulating ecosystem, says Amitabh Kant

He also said that there should not be any regulatory intervention if India wants to create a vibrant startup movement as government regulation stifles innovation

Innovating constantly driving next versions of our biz: Zomato CEO Goyal

Goyal - who is counted among India's growing tribe of celebrity founders - said the mantra for Zomato is "how do we disrupt our own businesses" and not become complacent

Jumbotail raises Rs 151 crore in series C3 equity round led by Artal Asia

Jumbotail is building AI-driven technologies to drive higher customer wallet share. The firm is leveraging its deep sourcing capabilities across FMCGs and staples and its kirana supply chain

Startup Mahakumbh 2024: A rite of passage for India's innovators

Startup Mahakumbh is expected to host more than 1,000 startups, as many investors, 50 unicorns, 500 incubators and accelerators, 5,000 delegates from 23 countries, and 50,000 business visitors

Financial services firm WeRize becomes the victim of a data breach

No impact on business operations

Staqu unveils AI tool in collaboration with UP police to nab criminals

Rai explained that this is an extension of their work on the Trinetra, which has been adopted by the UP Police Department and deployed through integration with security cameras

Indian startups may add $1 trillion to Indian economy by FY30: CII report

Between 2024 and 2035, the country may see 300 new unicorns, the report said