Page 79 - Start Ups

Online gaming unicorn MPL forays into Africa, launches its app in Nigeria

MPL, which became a unicorn in 2021, has partnered with Africa's gaming publisher Carry1st to launch in the continent

ZestMoney founders resign weeks after PhonePe calls off to acquisition

In April, ZestMoney laid off 100 employees, or about 20 per cent of its workforce

e-con Systems raises Rs 100 crore from GR22 Holdings for overseas expansion

Embedded vision technology firm e-con Systems has secured Rs 100 crore investment from GR22 Holdings for expansion of business overseas, the company said on Monday

Ratan Tata-backed Upstox breaks even in FY23, aims 10x growth in user base

Ratan Tata-backed discount broking company Upstox achieved break-even in FY2022-23 with the overall revenue crossing Rs 1,000 crore, a top official has said.

Byju's raises $250 mn from Davidson Kempner Capital at $22 bn valuation

BYJU'S is learnt to have closed $250 mn fundraising from Davidson Kempner Capital and is in process to close another funding round of $750 mn by end of this month

Tech startups find one of their last funding sources shrinking up

Climbing interest rates have made the funding more expensive for companies, and one of the biggest venture lenders faced a run on the bank that forced government regulators to seize it and sell it

Start-up registrations near 100K-mark, no. of new ventures up since Covid

Top 5 sectors, including IT services, and health care, account for third of registered start-ups

After life in unicorn-decacorn club, start-ups stare at down rounds

This year, start-ups have collectively raised around $4.1 billion so far

Saas platform OTPless hires BharatPe's Anubhav Mathur, other key executives

OTPless, the startup founded by Bhavik Koladiya announced the appointment of key executives

Suneil Shetty backed zero fee food delivery app Waayu launches in Mumbai

Waayu's launch comes at an interesting time when the government-backed Open Network for Digital Commerce platform is gaining more traction, following Swiggy's decision to charge Rs 2 platform fee

MoS IT to empower semiconductor startups, chip designers at IIT-Delhi

Semiconductor market is projected to reach $64 billion by 2026 and MoS for Electronics & IT Rajeev will meet and encourage startups

Meesho fires 251 more in 3rd round layoffs; cites judgement error in hiring

Before this, Meesho had fired 150 employees in April and another 300 in August

Merge, acquire, survive: Startups on consolidation route as funding slows

49 M&A deals in the first quarter of 2023 already as consolidation continues in the ecosystem

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