Page 58 - Start Ups

Bhavish Aggarwal's AI startup Krutrim turns unicorn after raising $50 mn

The AI startup is the third venture helmed by Aggarwal to achieve a $1 billion valuation, after mobility firm Ola and electric vehicle manufacturer Ola Electric

Ola unveils e-bike service in Delhi, Hyderabad; plans 10K EVs across cities

The company plans to deploy 10,000 e-vehicles across Bengaluru, Delhi and Hyderabad over 2 months

Ola founder Bhavish's Krutrim becomes first $1 billion Indian AI startup

It becomes the first Indian AI startup to gain a billion-dollar valuation, a mere month after debuting a large language model, the firm said in a blog post

Malaysia's Khazanah in talks to lead Oyo's $400 million fund raise

The once-high-flying company, founded by Ritesh Agarwal, filed for an initial public offering for the second time in March, after slashing the target amount to be raised by about two-thirds

Flipkart may let 1,000 employees go, Swiggy likely to lay off 400

Flipkart is intensifying its efforts to achieve profitability as it is eyeing a valuation of approximately $60 billion at the time of its initial public offering (IPO), now planned in 2025-2026

Zomato to distribute Bluetooth-enabled helmets to all delivery partners

Zomato said it distributed over 250,000 wearable assets to its delivery partners in 2022-23

Not hiked fee, no plans for significant increase in near term: Swiggy

The company, which currently charges Rs 5 as a platform fee to customers, clarified it had 'teased' to a "very small set of users" of Rs 10 as an experiment but was never implemented

PE/VC bets drop for second year, down 11% at $49.8 bn in 2023: Report

Exits by funds jumped 36 per cent to $24.8 billion but were still lower than the $39.6 billion in 2021

Vivifi India Finance raises $75 mn series B funding from US investor

The company had raised $6 million in its Series A round previously in the financial year 2021

Quick commerce app Zepto elevates Nikhil Mittal to chief technology officer

In his new role, Mittal will be handling all verticals of engineering - customer facing, platforms and supply chain - at the company

Robots for reducing manual efforts to nanotech cancer therapy: IISc

FSID at the Indian Institute of Science is witnessing a significant increase in terms of the number of applications of deep tech firms over the last few years

$5 bn for EV, 20 unicorns women-led: Path of Indian startup boom since 2014

Despite the challenges due to persistent funding winter, Indian startups received $8.4 billion in funds from domestic and global investors in 2023

Games24x7 thrives amid new GST, explores innovative business models: CEO

'Despite GST, 2023 was best year for our fantasy sports, rummy platforms,' says Games24x7 CEO

Startup AiDash raises $50 mn in funding for tech that uses AI, satellites

Company spots climate risks to power lines, plans hiring 150 people in India

Startup funding in India fell 62% to six-year-low in 2023: PrivateCircle

The funding deal volume fell by a sharper 72% in 2023 to 1,444 deals as compared to 5,114 deals in 2022

Edtech major Byju's to slash $22 bn valuation by 90% to raise fresh funds

The company is focusing on rebuilding its core business and will double down on recent attempts to jump on to the next big bandwagon in education

Ather Energy announces its new family-oriented electric scooter 'Rizta'

Despite the shift towards a family-centric approach, Mehta assured customers that the Rizta will uphold the quality and reliability synonymous with the Ather brand

Pixxel to launch six home-built hyper-spectral satellites from June

Pixxel raised USD 36 million in Series B funding last year from Google, Lightspeed and other investors. So far, it has raised USD 71 million since its founding in 2018

Fintech firm FinAGG Technologies raises $11 million in Series A funding

The company, which works in the MSME financing space, said the latest funding will be utilised towards expanding its offline and online presence, global outreach and investments in product innovation

Commerce and industry ministry requests unicorns to mentor startups

The MAARG (Mentorship, Advisory, Assistance, Resilience, and Growth) platform was launched in January last year to facilitate mentorship for startups across diverse sectors, and geographies