Page 81 - Start Ups

Edtech major Byju's to raise $700 million in fresh funding round this month

The latest funding round comes as Byju's is aiming to repay a huge $1.2-billion term loan it had secured in November 2021

User engagement platform CometChat Raises Rs 40 crore in venture debt

Funding round led by Utah-based Zions Venture Fund; CometChat offers a full-fledged messaging and communications platform within apps and websites to improve a brand's user engagement

Indian startups with 'strong fundamentals' will survive: Vinod Khosla

Khosla and ChatGPT developer OpenAI's CEO Sam Altman recently offered personal capital to help startups after SVB's collapse

Indian start-ups see apex tribunal's order against Google as a win

But fees charged by Google for app purchases remain a concern

PhonePe calls off deal to acquire BNPL platform ZestMoney: Report

The main reasons the deal fell out were lapses in due diligence, disagreement over valuation, sustainability of the business and the platform's shareholding structure

Edtech unicorn Unacademy lays off 380 employees in latest round of job cuts

The Softbank-backed start-up last laid off 350 employees in November

Funding for Healthtech companies falls 55% to $1.4 bn in 2022: Tracxn

Drop is mostly due to a 75% dip in late-stage investments, from $2.4 billion in 2021 to $606 million in 2022

GoMechanic Business acquired by a consortium led by Lifelong Group

According to sources, there is no clarity on what happens to the founders

upGrad closes Rs 300 cr internal funding round from existing investors

Major investors in the rights include co-founder Ronnie Screwvala (Rs 212 cr) and Singapore-based Temasek (Rs 81 cr)

Programming platform CodeChef hives off from Unacademy amid funding crunch

Firm will now function as an independent unit run by its current team; Unacademy will, however, hold 30% in it as an investor, has also infused some capital to help it run for next 12-18 months

EV startup Lucid to lay off around 1,300 employees in upcoming months

Electric vehicle (EV) startup Lucid announced that it is laying off around 1,300 of its employees or 18 per cent of its workforce, within the upcoming months

80% of early-stage start-ups looking to expand workforce in 2023: Report

These enterprises, the study by Ficci and Randstad says, are well capitalised and have raised series A and B funding rounds

Four in every five early-stage start-ups in India want to hire more in 2023

15.79 per cent of these start-ups want to keep their headcount unchanged: FICCI - Randstad Start-up Hiring Trends Survey

Fintech start-up Nimbbl raises $3.5 mn to improve market presence

Company says more than 4,000 merchants use its one-click payment checkout solution

Apparel supply chain start-up Fashinza raises $30 mn in business funding

B2B platform connects small and medium enterprises directly to fashion brands across the world

HR tech start-up InCruiter partners with Taggd to speed up hiring

Company's product helps in conducting interviews and selecting talent for IT and non-IT roles

Finance Bill 2023: Angel tax another hiccup for start-ups amid funding woes

However, the Finance Ministry said that all concerns raised by stakeholders in implementing this proposal would be addressed

No thaw seen in start-up funding winter despite 231 deals this year

India-focused VCs sitting on dry powder worth $12.88 bn, highest in 7 yrs

Agritech startup Sorted raises over $5 mn as seed funding to grow business

Sorted will enable access of straight-from-the-farmers, quality fruits & vegetables, at a highly competitive price, to customers through the medium of their choice call, message, online or offline

IIM-A incubation platform to invest in 50 new start-ups over a year

CIIE.CO says it has a record of helping 1,200 start-ups and investing in 350 of them