Page 72 - Start Ups

Startup funding dips 71% in 2023; consumer, environment tech sectors shine

Consumer tech start-ups, offering technology-driven products and services to consumers, have managed to corner the most funding at $1.6 billion

Uber's India-based Eats Engg team enables voice order tracking via Alexa

Uber's efforts to make every product on its platform user-intuitive have yielded several innovations over the years from its India-based engineering teams spread across Hyderabad and Bengaluru

Everest Fleet raises $20 mn led by Uber, to expand operations, supply pool

Fleet management company Everest Fleet on Wednesday said it has closed a $20 million funding round led by Uber

Fintech firm Indifi raises Rs 290 cr in funding round by ICICI Venture

Company plans to expand its operations and expand small businesses' access to working capital finance

Sequoia Capital sells entire 10.18% stake in Go Fashion for Rs 625 cr

Venture capital company Sequoia Capital on Monday divested its entire 10.18 per cent stake in Go Fashion for Rs 625 crore through an open market transaction

Agritech startup Fuselage qualifies for Global Entrepreneurship Programme

Agritech startup Fuselage Innovations has been selected for the UK government's Global Entrepreneurship Programme (GEP), making the Kerala-based company eligible for relocation to the European nation

Meesho to double down on AI/ML investments amid profitability push

The company has been betting big on data science and technology-driven use cases over the past three and a half years

Cloud-lending startup Lentra raises $27 million in extended Series B round

Tokyo-based Mitsubishi UFJ Financial Group (MUFG) and investment firm Dharana Capital led the funding

EV startup River raises $15 mn in funding round led by Dubai's Al Futtaim

Bengaluru-headquartered EV startup River on Tuesday said it has raised $15-million capital in a funding round led by Dubai-based Al Futtaim Group

India to offer $455 mn in incentives for battery storage projects: Report

The scheme is intended to boost battery storage projects critical to India's ambitious plan to expand its renewable energy capacity to 500 gigawatts (GW) by 2030

FarmersFZ selected for UN's 'Accelerator Programme' for food startups

A Kerala-based startup, Farmers Fresh Zone (FarmersFZ), has been selected for the 'Accelerator Programme by the Food and Agriculture Organisation (FAO) of the UN

Ola Electric likely to cross $1 billion revenue-mark: CBO Ankush Aggarwal

The firm is leading in the electric two-wheeler segment and has sold over 35,000 units in May. Riding on its highest-ever monthly sales in May, Ola has captured a market share of over 30 per cent

StartUp20 engagement group meet ends, asks G20 to invest $1 trn by 2030

This was the third meeting of the engagement group, with the first two rounds taking place in Hyderabad in Telangana and Sikkim, Vaishnav added

Deloitte flags sourcing from inappropriately approved vendors at BharatPe

Auditor Deloitte has flagged inappropriately approved vendors and excess payments at BharatPe, where its former MD and co-founder Ashneer Grover has been accused of cheating and embezzlement of funds

Less than 1 in 3 startups manage to raise follow-on funding: Study

Less than one in three startups that attract seed funding manage to raise follow-on funding in the form of a 'Series A' round, a study by Venture Intelligence shows

Investors mark down 'unicorn' tag for start-ups, chase real deal

Entrepreneurs, however, also need to realise that down-rounds are not much of a deal

Environment tech startups raised $2.1 bn in FY23 amid funding winter

Late-stage deals accounted for 55% of total investments at $1.2 billion, early-stage funding made up 39% of the share, with these startups raising $831 million

E-commerce platform Meesho crosses 500 mn downloads on iOS, Android

Meesho has become the world's "fastest shopping app" to cross 500 million cumulative downloads across Google Play and iOS App Store, mobile data analytics provider has said

Meesho aims to achieve profitability in FY24, looks to grow revenue

E-commerce platform Meesho is aiming to achieve profitability in FY24 as it looks to increase revenue and optimise costs, according to a senior company official

KarmaLife raises Rs 44 cr, startup aims to launch more products soon

KarmaLife on Thursday said it has raised Rs 44 crore in an extension to pre-series funding round led by Krishna Bhupal's family office and existing investors