Page 61 - Start Ups

BharatPe earns Rs 904 cr against a loss before tax of Rs 886 cr in FY23

BharatPe's EBITDA loss declined by about Rs 158 crore in FY23, it said in a statement

100 startups led by Delhi students presented biz ideas to investors in 2023

About 100 startups were selected from more than two lakh entries of students who competed at the Delhi government's Business Blasters Investment Summit and Expo this year

InCred announces list of investors injecting Rs 500 crore in company

The round saw participation from ultra-high-net-worth individuals (HNIs), Family Offices, and institutional investors such as Varanium Capital Advisors and Sattva Group

InCred becomes 2nd unicorn of 2023 after raising $60 mn in funding round

The Series D round was led by Ranjan Pai of MEMG, who invested $9 million followed by Ravi Pillai, Chairman at RP Group of Companies, and Ram Nayak, Global Co-Head of the Investment Bank

India-focused VC funds continue to raise capital despite funding winter

As of December 2023, 185 India-focused VC funds are in the market, aiming to raise a combined capital target of $10.73 billion, according to Preqin

Food delivery major Zomato denies it is acquiring logistics firm Shiprocket

Deal for $2 bn is 'incorrect news, media speculation', says company in response to reports

Flipkart in talks to raise $1 billion, $600 million to come from Walmart

The fundraising is likely to increase Flipkart's valuation by 5-10 per cent from $33 billion earlier

Fintech startup EnKash gets RBI nod to operate as payment aggregator

After receiving RBI's nod to operate as payment aggregator, EnKash said that it is now poised to bring further innovation to the B2B payment business

ShareChat's valuation cut to $1.5 bn, lays off 200 employees: Reports

Company sacked 20% of its workforce in January, impacting around 500 employees

Insurance broking startup Finhaat raises $3 mn for business expansion

Company says technology-driven platform will improve accessibility to insurance

Battery recycling startup BatX Energies raises $5 mn in early stage funding

Battery recycling startup BatX Energies on Tuesday said it raised $5 million (over Rs 40 crore) in an early stage funding round led by Zephyr Peacock.

Gamezop expands publisher offerings with Newszop, Astrozop, and Criczop

The launch of Newszop, Astrozop, and Criczop will help in boosting user engagement and driving advertising revenue

Swiggy unveils Pockethero, food delivery for budget-conscious customers

In-app service offers free delivery and up to 60% discounts, will list restaurants within three km of a customer

Udaan said to be laying off 120 employees as it seeks profitability

India's largest B2B e-commerce firm has had at least 2 rounds of layoffs before

Hyderabad most travelled city in 2023, UP most visited state: Oyo

As remote working and flexibility declined, travelers sought to maximize their vacations and extended long weekends this year

Ride-hailing firm Yaary launches on ONDC for Hyderabad auto, taxi drivers

Service doesn't charge fees from drivers and aims to expand to two million customers in India

Venture capital funds backing fewer women startups than men-led ones: Irani

"Even today, risk taking by VCs for women-led initiatives which are based on innovation is far lower as compared to those by men," Irani said

Alternative debt provider BlackSoil sees 44% jump in investment in 2023

Bansal also said that the risk is getting blurred between equity and debt as entrepreneurs are unable to raise funds via equity

Fashion D2C brand Snitch secures Rs 110 crore in series A funding

The firm said this funding round stands out, especially at a time when many late-stage D2C brands struggle to secure capital

Google supports women-led AI startups in tech innovation, sustainability

Google for Startups Accelerator programme is designed to enable women entrepreneurs who are using technology to solve complex problems and are making a positive impact on society