Page 60 - Start Ups

2024 expected to be year of IPO boom led by new-age firms, say experts

Experts said a combination of various factors including rise of tech firms, investor confidence, a resilient economy and a supportive regulatory environment are propelling growth of India's IPO market

NYSE-listed SentinelOne acquires Bangalore-based startup PingSafe

PingSafe provides Cloud security services; deal estimated to be worth $100mn

Backed by Jio Platforms, ZestMoney founders launch new venture SwiffyLabs

The goal of their new venture is to help financial institutions launch new-age products and leverage AI and Digital Public Infrastructure (DPI)

SalarySe secures $5.25 million in seed funding from Peak XV Surge, Pravega

The company has plans to develop a tech stack for the credit-on-UPI (Unified Payments Interface) product and drive its adoption in the country with the latest round of funding

Incubators give warmth to startups in India amid a funding winter

India has the second-largest network of startup incubators and accelerators with 718 such firms

Rural startups seek better supply chain, infra, easier access to funds

As the Budget and the Lok Sabha elections draw closer, startups working in various sectors, especially in smaller towns and villages, said they expect the government to look at various teething issues

Mobikwik refiles draft papers as it trims IPO size down to Rs 700 cr

Earlier in 2021, it had targeted to raise Rs 1,900 cr but withdrew due to weak market conditions

Majority of Indian startups eyeing IPOs in 2024 struggle with losses

Of the 12 startups looking to launch IPOs this year, eight have incurred a cumulative loss of Rs 8,000 crore, including Swiggy, and Ola Electric

60% startup founders report increased revenue, profitability in 2023

Navigating 2024, tech startup founders expect to continue the revenue growth path with measured steps, focusing on optimizing expenditure and maximizing profitability for B2B tech startups

Space startups report success of in-orbit experiments onboard Isro's POEM

Hyderabad-based Dhruva Space, in a statement, said the successful testing of 'Launching Expeditions for Aspiring Payloads - Technology Demonstrator' (LEAP-TD) will help embark on its satellite mission

Venture debt gains ground in Indian startups amid equity fund raising dip

Though demand for venture debt is rising, players are becoming more cautious. Many hope that 2024 will offer good opportunities

Angel investments in Indian startups maintain pace amid funding winter

While overall deal volumes among startups have fallen, investment activity among the country's most-active angel investors have been relatively steady

2023 sees 15% more start-up/ tech layoffs than 2022, majority in edtech

On average, at least 45 people lost their jobs daily based on data collated by the website. This is 15.3 per cent higher than the 14,224 layoffs recorded in the previous year

Snapdeal's FY23 consolidated loss narrows to Rs 282 cr from Rs 510 cr

As per the company's RoC filing, the total income fell to Rs 388.1 crore in FY23, from Rs 563.5 crore in the previous fiscal (FY22)

Dec 2023 becomes highest funded month as startup investments cross $1.6 bn

Budding companies had raised $1.4 million in January this year. Regardless, startup funding hit a seven year low in 2023

PhysicsWallah FY23 revenue up 3.4x, profitable for third consecutive year

PW's revenue from operations rose to Rs 771.76 crore during the fiscal year ended March 2023, compared to Rs 232.47 crore in the previous fiscal year and Rs 24.6 crore in FY21

Meesho posts 1st profitable quarter in FY24; loss dips to Rs 141 cr in H1

The company did not disclose the amount of profit it earned in the July-September period

5 startups receive Rs 6.5 cr equity investment from Tamil Nadu govt

The sanction of equity investments in the companies was issued under the Tamil Nadu SC/ST Startup Fund by Chief Minister M K Stalin at an event in Chennai

GenAI, fintech, green tech, EVs, SaaS, hot bets for investors in 2024

In India, GenAI startup ecosystem is unfolding with remarkable speed, signalling a new era of technological advancement and investment opportunities, according to top inventors

Great time to be deploying capital, will be busy in 2024: Fundamentum GM

Focus on technological edge and prudent deployment