Page 55 - Start Ups

PhonePe's Indus Appstore surpasses 100,000 downloads in 3 days of launch

App developers, tech enthusiasts, and users have actively downloaded the app, recognising the potential impact of Indus Appstore on India's digital ecosystem, the release said

Suffered mild stroke around six weeks ago, says Zerodha's Nithin Kamath

While disclosing about his health, Kamath said he had noticed his face drooping and struggled with reading and writing. He expects full recovery in 3-6 months

Flipkart launches fourth grocery fulfilment centre in West Bengal

The fulfilment centre in Malda, around 340 km from Kolkata, is spread over 1.13 lakh square feet with a dispatch capacity of over 1 lakh units per day

Fintech major Razorpay's latest offerings: PoS device, marketing stack

The Bengaluru-based fintech firm marked its foray into the marketing and growth solutions space as it launched Engage; a full-stack marketing growth suite

Byju's crisis: Employees share stories of uncertainty, financial strain

Some say they have moved to other edtech firms at lower salaries; some have exited the sector

Byju's founder, his family won't attend EGM called by investors on Feb 23

The current board of Byju's parent, Think and Learn, including Raveendran, his wife and Byju's co-founder Divya Gokulnath, and his brother Riju Ravindran will also not attend the EGM

Fundraise through venture debt up 50% in 2023; equity funding down 70%

The equity funding fell around 70 per cent from $25.7 billion in 2022 to just $8 billion in 2023, it said

Spyre PropTech Venture rolls out the first phase of Rs 400 crore fund

The maiden fund is set to invest in early and growth stage companies with ticket sizes ranging from Rs 2-8 crore in early stages and Rs 15-40 crore in growth stage series A and B rounds

Byju's shareholders to vote on resolution to ouster CEO, family on Friday

The shareholders, who have called the EGM, collectively hold more than 30 per cent stake in Byju's

ArcelorMittal's XCarb India Accelerator programme selects three finalists

The programme, launched in July 2023, was aimed at identifying start-ups focused on the most "promising" decarbonisation technologies in India

K'taka HC grants relief to Byju's; calls resolutions passed in EGM invalid

The edtech firm said this development marks a significant victory for edtech firm, with court recognizing urgent need to protect the company's interests and uphold the principles established by law

Karnataka HC refuses to stay Byju's EGM called by investors on February 23

BYJU'S had approached the Karnataka High Court seeking a stay on the EGM but the court only gave an interim relief that any resolution passed at the EGM on Friday

Committed to restructuring board: Raveendran tells Byju's shareholders

To increase shareholder representation, the CEO of the embattled edtech firm committed to restructuring the Board and appointing two non-executive directors

Fintech major PhonePe takes on Google, Apple with homegrown Indus Appstore

The Indus Appstore is PhonePe's attempt at creating a more competitive and localized mobile app store economy for India, which is already the world's largest market for mobile apps

About 45% of demand for global brands come from non-metros: Myntra's CPTO

AI and personalised shopping drive Myntra's expansion into new regions

Indian startup ecosystem: Why more women entrepreneurs are needed

Despite being the world's third-largest startup hub, India shows a dishearteningly low percentage of startups led by women

Byju Raveendran says company's $200 million rights issue fully subscribed

Raveendran said that Byju's will appoint a third-party agency to monitor the usage of funds raised in the rights issue

Urban Company customises app to make it convenient for visually impaired

The update works with 'Voice Over' on iOS and 'TalkBack' on Android -- commonly used screen reading software by persons with visual impairment, the company said in a statement on Tuesday

Flipkart looking to buy Reliance-backed on-demand delivery co Dunzo: Report

The retail arm of Reliance Industries, which picked up a 26% stake in Dunzo in 2022 for $200 million, has not approved the deal yet, the report added

Electric vehicle startup Vidyut raises $10 mn from 3one4 Capital, others

Vidyut said it will now offer EV insurance, lifecycle management, and EV resale, and it is also looking to expand its presence to 40 cities