Page 73 - Start Ups

Gaming unicorn Mobile Premier League goes into global expansion mode

MPL recently launched its app in Nigeria, marking its first foray into the African gaming market. With this move, MPL is now present on four continents: Asia, North America, Europe, and Africa

ESOP payouts, buybacks plummet among Indian start-ups amid funding winter

While the funding slowdown has had no significant impact on the issuance of ESOPs, a liquidity crunch has caused the once-overflowing well of ESOP buyback programs to run dry

Microsoft, Accenture to empower 13 Indian startups on social impact

Launched in 2020, previous cohorts of the programme focused on addressing issues in food safety, livelihood, education, sustainability, and skilling

BlackRock cuts edtech giant Byju's valuation by 62% in a year to $8.4 bn

BlackRock reportedly pegged the value of its 2,279 shares in the company at $4,043,471, estimating Byju's fair value at $8.4 billion as of March 31, 2023

BlackRock cuts Byju's valuation again. This time by 62% to $8.4 billion

However, Byju's recently secured $250 million in fresh funding at a valuation cap of $22 billion

G20 members working to arrive at common framework to define startups

G20 member countries, including India and US, are holding consultations to arrive at a common framework to define startups with a view to promoting the growth of new ventures, a senior official said

Taxing times: Income tax heat on start-ups over unexplained funds

Notices issued to check round-tripping

G20 countries to discuss common framework to define startups: Official

G20 countries, including India and the US, are holding consultations to arrive at a common framework to define startups with a view to promoting the growth of new ventures, a senior official said

Food-tech start-up Pluckk appoints Kunwarjeet Grover as Head of Growth

Pluckk, a leading food-tech direct-to-consumer company, focused on farm to fork fresh produce, on Monday announced the appointment of Kunwarjeet Grover as the company's Head of Growth

Ambani-backed EV maker aims to raise $85 mn, seeks $359 mn valuation

The company, which counts billionaire Mukesh Ambani among its backers, is seeking a valuation of around $350 million in the new round, said one of the people

Atomberg raises $86 mn in series C funding from Temasek, Steadview Capital

Consumer appliances start-ups will use the financing to strengthen manufacturing, develop new products

Smartwatch maker Noise seeks to raise $40-50 mn to expand in growing market

Nexxbase Marketing Pvt, which sells smartwatches and earphones under its Noise brand, seeks funds to add products and gain market share in its home base of India

Woman-led edtech unicorn Guild lays off 172 employees for 'reorganisation'

he company had "identified the go-forward structure, roles, and skill sets needed to enable our strategy and create a more focused, seamless way of doing work at Guild," CEO told the staff

Foreign VC funding in India declines 72% as unicorn machines stutter

Foreign money plays a crucial role in start-up funding in India

SoftBank eyes five Indian start-ups; may invest up to $100 mn in each

SoftBank also looking at secondary-sale opportunities in growth firms that have postponed their IPO plans

LIVE: 'Blatant affront to democratic ethos,' NDA slams Oppn's decision

Catch live updates from across the globe here

Funding for agrifoodtech startups declines 33% to $2.4 bn in 2022

Funding in Indian agrifoodtech startups declined 33 per cent during the last calendar year to USD 2.4 billion on higher base, according to AgFunder and Omnivore joint report

Simple Energy launches electric scooter Simple ONE, plans to invest $100 mn

Electric two-wheeler startup Simple Energy officially launched its maiden electric scooter, Simple ONE, at a starting price of Rs 1.45 lk (ex-showroom Bengaluru), almost 21 months after its unveiling

DGCA grants Design Organisation Approval to flying taxi startup ePlane

Electric flying taxi startup, The ePlane Company on Tuesday said the Directorate General of Civil Aviation (DGCA) it has granted the Design Organisation Approval (DOA)

AI platform Builder raises over $250 mn led by QIA in Series D funding

AI-powered software platform Builder.ai on Tuesday announced it has raised over $250 million in its Series D funding led by Qatar Investment Authority (QIA)