Page 63 - Start Ups

Swiggy's food delivery business grew 17% to $1.43 bn in H1 FY24: Prosus

Online aggregator's operating metrics improved and loss reduced, says investor

Prosus NV slashes edtech major Byju's valuation to under $3 billion

In November last year, Prosus first slashed the fair value of Byju's to $5.97 billion

Lessons from ED's crackdown on Byju's, Xiaomi to strengthen compliance

Experts are also of view that severe fines, penalties will push companies and startups to ensure their adherence to the regulatory framework when accepting foreign investments and issuing remittances

PhiCommerce raises $10 mn in funding led by Singapore-based BEENEXT

Payments solution firm will use financing to expand international business, improve technology

OYO restarts self-operated hotels, seeks partnerships with realty sector

OYO closed its self-operated hotel model in 2020, just before the start of the first wave of COVID-19, and is restarting after three years

BharatPe turns EBITDA positive, clocks Oct 2023 as first profitable month

Without giving out the actual number, BharatPe in a statement said the financial milestone was attributed to consistent growth across all business lines

Byju's names Jiny Thattil as Chief Technology Officer, replacing Anil Goel

Jiny Thattil has previously worked at companies such as cred-owned Happay, Amazon, InMobi and GE Healthcare

Edtech firm BYJU'S appoints Jiny Thattil as Chief Technology Officer

This transition is part of BYJU'S ongoing strategic restructuring and reorientation of its leadership team to enhance operational efficiency, the statement said

PhonePe expected to launch consumer lending by January next year: Report

PhonePe is in the final stages of integration with five banks and non-banking finance companies

Nurturing thriving startup ecosystem is priority for Goa: CM Pramod Sawant

Goa can produce the next generation of job creators by providing mentoring, infrastructure, and market access, he said

Narayana Murthy's Catamaran plans to invest in precision manufacturing cos

Catamaran has invested in companies like SpaceX, deep-tech energy startup Log 9, B2B e-commerce firm udaan, edtech firm udemy, and fintech firm Acko, among others

BLive looking to raise $5 million in next 6 months, says CEO Kholkar

The investor interest in BLive is "strong", Kholkar said, adding that the company is hopeful of making a funding-related announcement in the next six months

Unicommerce revenue up 52% at Rs 90 cr in FY23, marks third year of profit

Gurugram-based company enables end-to-end management of e-commerce operations

Travel credit card startup Scapia raises $23 mn to expand business

Company has zero joining and annual fees, provides 10% reward on every card transaction

Fintech start-up Kiwi raises $13 mn to expand credit on UPI offering

Kiwi has issued 25,000 credit cards until now and plans to have 0.5 million customers by the end of 2024

Funding winter for Indian startups likely to end by March: Experts

Funding winter, which refers to the drying up of funds for startups, remained the overarching theme at the recently concluded TGS 2023, the eighth edition of the flagship event organised by TiE

Physics Wallah may lay off up to 120 employees due to performance issues

Several edtech companies, including unicorns like BYJU'S and Unacademy had hired excess staff to meet the sudden spike in demand for online classes during Covid period

Securing funding major challenge for women entrepreneurs, say founders

"I am always advocating for equal funding opportunities, pushing for a more equitable distribution of resources, she said

Gig worker earnings surge 48% during 2023 festival season: PickMyWork

PickMyWork claims to offer its gig workers three times higher earnings per hour compared to "traditional delivery gigs."

India-US ink pact to improve cooperation among startups, promote innovation

It said that the MoU signals a joint commitment to strengthen the startup ecosystem in deep tech sectors and promote cooperation in Critical and Emerging Technologies