Page 77 - Start Ups

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

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