Page 75 - Start Ups

Swiggy disbursed over Rs 31 cr in claims to delivery partners in FY22-23

This is an increase of around 10% when compared to the FY 2021-2022

Alakh Pandey is scaling up tech to solve education in rural India

Pandey's edtech firm PhysicsWallah is on a mission to reach every corner of the country and connect with over 250 million students by 2025

Flipkart launches new 400,000 sq ft fulfilment centre in Telangana

Fulfilment centres allow e-commerce companies to outsource warehousing and shipping

Big plans lined up for start-ups under 'iStart Rajasthan' initiative

Rajasthan has around 3,490 registered start-ups, including 795 in rural areas

Thanks to funding crunch, India has not seen a new unicorn in over 6 months

This is the longest drought since August 2016 when it took 17 months for India to come up with a new unicorn

Consumer lending platform Niro raises Series A funding of Rs 90 crore

Niro aims to empower consumer internet platforms to become providers of credit (and other financial) products for their consumers

PhonePe may forgo ZestMoney's $18 mn debt after failed acquisition: Report

ZestMoney is said to be in talks with some of its existing investors to raise separate equity capital, the report said

Zypp Electric to deploy 100,000 more e-scooters for Zomato by 2024

The plan is a part of Zomato's plan to go completely electric by 2030

India retains third spot as a unicorn hub, shows Hurun report

The report also mentioned that India and China produce more offshore unicorns than any other country

CFOs in demand at startups amid funding winter, profitability woes

An increasing number of tech companies and startups are scouting for experts ranging from CFO's to industry executives to manage financial affairs and corporate governance amid a funding winter

This startup is disrupting the QSR model with AI- & IoT-driven kitchen tech

Set up in a college hostel back in 2014, Mukunda Foods has sold its products to about 6,000 restaurants that make Chinese, South Indian, Mughlai and other genres

'Startups in India bringing down unemployment rate in the country'

Any NGO registered as a private limited company with a novel idea that meets the set criteria can be taken up as a startup

Once booming, Indian start-ups set for more pain as funding crunch worsens

"Indian startups are not catering to a billion consumers. All of them are selling to the same 100 million"

Number of startups rose to 90,000 in nine years, says Ashwini Vaishnaw

Union minister Ashwini Vaishnaw on Thursday said that in the last nine years, the number of startups in the country increased to 90,000 due to promotion of the startup culture by the Modi government

Indian startups move court to stop Google's new in-app billing system

The Alliance of Digital India Foundation (ADIF) last month asked India's antitrust regulator to investigate Google for devising a new system startups say still charges them a high service fee

IBA reaching out to start-ups for funding needs, says DPIIT official

Only DPIIT-registered start-ups are eligible for funding under various support schemes of the industry department

Lightspeed backs workspace startup 'OfficeBanao' with $6 mn in funding

The firm transforms the entire office development experience using technology with an end-to-end solution across stages of design, procurement, and execution

Funding in Indian startups dips 75% in Q1 2023, no new unicorn in 3 months

Indian startups raised a total of $2.8 billion in funds in the first quarter of 2023, a massive 75 per cent lower compared to the same period in the previous year ($11.9 billion)

Cold chain startup Celcius raises Rs 100 crore from IvyCap, others

The company aims to use the funds for tech innovations to solve the fragmented nature of the cold supply chain and reduce wastage of perishables

VCs focusing more on due diligence amid startup funding slowdown: Report

According to data by Venture Intelligence, the aggregate venture funding fell from $11.34 billion between January and March 2022 to $2.19 billion in the same period this year