Page 70 - Start Ups

Fibe eyes upskilling space for lending even as ed-tech faces crunch

The company, which averages around Rs 40 crore in monthly topline sales in the category, partners with upskilling platforms to lend credit to consumers

Why are governance lapses increasing in Indian startup ecosystem?

Conversations around proper governance among startups are increasing

CapFort Ventures launches Rs 200 cr fund, will back 40 tech start-ups

VC firm says it expects institutional investors, family offices, ultra high net worth individuals to support fund

Indian start-ups money for little: Here's a look at ecosystem's finances

Funding raised by start-ups in H1 2023 was $5.4 billion, down 71.5 per cent compared to $19 billion raised in H1 2022

Indian startup funding in H1CY23 drops 36% to lowest in 4 yrs: PwC

Dip comes despite significant untapped capital reserves held by venture capitalists; fintech, SaaS ad D2C remain most funded sectors

AI4Bharat researchers set to raise $12 mn from Peak XV, Lightspeed: Report

The larger-than-usual seed funding round underscores the growing interest in generative AI, after OpenAI's ChatGPT dazzled users with its ability to engage in human-like conversations

Sourav Ganguly buys stake in inter-city food delivery platform JustMyRoots

The former Indian captain said that he has been investing in startups and currently holds such strategic stakes in four firms

Byju's crisis prompts top India VC firm Blume Ventures to shift strategy

Perceived corporate governance lapses are sending shockwaves through the South Asian nation's fledgling startup economy

OYO to add 500 hotels in host cities of upcoming cricket world cup

Travel demand automatically goes up whenever the dates for a marquee cricket tournament are announced, a company spokesperson said

Indian start-ups raise more funds than China for 2nd straight year

No new unicorns were created during the first six months of the year, against 19 unicorns in H1 2022 and six in H2 2022

Indian startup funding fell 72% in H1CY23, funding rounds down 66%: Tracxn

In all cities, Bangalore emerged as the leader in total funds raised during this period, followed by Delhi-NCR and Mumbai

Tamil Nadu's Atsuya secures spot in Google's Startup Accelerator Program

Under the program, tech companies using artificial intelligence/ machine learning (AI/ML) get access to Google's resources, programs, people, products and technology

PharmEasy to raise Rs 2,400 cr, Manipal Group likely to invest Rs 1,000 cr

The fundraising will be done via a rights issue where the stock will be sold at a 90 per cent discount at Rs 5 per share

India's space programme set to transform planet's connection: Report

The article titled 'The Surprising Striver in the World's Space Business' notes that India has become home to at least 140 registered space-tech start-ups

GIVA raises Rs 200 cr from investors, including Premji Invest to expand biz

The Bengaluru-based company, which mainly deals in fine silver jewellery, has raised this amount in Series B funding led by Premji Invest

Centre will be facilitator for startups, not regulator: Piyush Goyal

The best way is to be out of the startups ecosystem, he said, adding the government is not expected to start regulating or dictating or micro-managing the ecosystem

Digital consulting firm KaarTech raises $30 mn in funding from A91 Partners

Chennai-based B2B company says it will use money to expand business in international markets

Startups Intellectual Property Rights Protection to promote innovation: MoS

Jitendra Singh said, there is a huge round of encouragement and promotion both for StartUps in terms of being innovative and entrepreneurs, the press release said

BNPL platform Simpl to add 10,000 merchants in Delhi over next 3-4 years

According to the company, this is being done to meet the needs of the city's rapidly growing startup ecosystem and evolving demands of the customers

Zomato is now allowing its users to build multiple carts at one time

The feature, introduced as part of its latest app update, will help users to build carts from up to four restaurants