Page 86 - Start Ups

ShareChat, Dunzo to join list of startups planning mass layoffs in India

Rebel Foods, which has brands like Behrouz Biryani and Oven Story, has also reportedly cut its headcount

National start-up day: Amid funding cloud, hopes for fresh pitch

Start-up funding in the cou­ntry declined 33 per cent during the year, the PwC data showed

Fractal Growth Partners eyes $250 mn fund to invest in Indian tech startups

"It's targeting investments of $10 million to $15 million per target company and plans to close the investments in about five years"

Startup VilCart raises $18 mn from investors to expand operations

With the use of this fund, VilCart aims to expand its operations to the entire South India by 2024

Dream11 staff to pay Rs 1 lakh if they disturb colleagues on leave

The company, founded in 2008, makes it mandatory for workers to take at least a week off annually

RBI grants in-principle approval for payment aggregator licence to EnKash

Fintech startup EnKash has got in-principle approval from RBI for payment aggregator's licence, the company said on Wednesday

Startup ecosystem improving in eastern India, West Bengal: Nasscom

The startup ecosystem in eastern India, particularly West Bengal is improving, NASSCOM (East) chairman Sanjoy Chatterjee said here on Wednesday

Indian startup funding dropped by 33%, may become normal after 2-3 quarters

Many startups are using this time to tighten operating models and optimise their cash runway by deferring discretionary spends and investments

India's startup funding in 2022 double the pre-pandemic level: PwC

21 startups entered the unicorn club in 2022, highest from SaaS category

With $10.8 billion, Bengaluru top city on start-up funding in 2022: Report

There were 22 unicorns in 2022, compared to 46 in 2021, and average funding before the unicorn round was around $160 million

Startup movement picked up momentum in India: Union Minister Jitendra Singh

Singh said that due to a push from Prime Minister Narendra Modi, the startup movement has picked up momentum in India

Indian start-ups take 5 yrs to cross $100 mn revenue mark: Redseer

There are about 100 unicorns and 170 soonicorns in India. Of these 270 firms, over 40 start-ups in the fintech, e-commerce, and logistics sectors have crossed $100 million in revenue as of FY22

Neobanking start-up Jupiter raises Rs 100 cr in venture debt from Alteria

Mumbai, Bengaluru-based company will use money to expand its lending products

Govt to release norms to support startups' innovation in technical textiles

"We would have an evaluation committee which would decide on approving grant for that, so the grant would be up to Rs 50 lakh, that is what we are looking at," Shah said

SaaS start-up SirionLabs closes series D funding round at $110 mn

Company says it will use the capital to expand its position in contract lifecycle management business

Amid funding crunch, edtech startups tread an alternative path to success

According to data from Tracxn, a market intelligence platform, investments in the edtech sector took a plunge from $4.1 billion across 322 deals in 2021 to $2.5 billion in 2022 across 164 deals

With Advent Int on board, Tredence eyes $500 mn in revenue by 2026

Tredence is looking at Advent International to not only grow geographically but also support them in expanding into new verticals like healthcare, life inorganic sciences, and insurance

Tamil Nadu starts packages for green tech, rural impact, women-led startups

50% hike in grants for special-category startups; MentorTN portal to help budding startups reach out to established entrepreneurs, professionals and subject matter experts

VC funding in India down 30 per cent in 2022: Venture Intelligence

The funding of late and growth-stage startups slowed down as private market investors became more cautious amid rising interest rates and fears of recession

Startups to attract large foreign direct investments in 2023: DPIIT Secy

"Presently, India has one of the most liberalized FDI policies wherein very few sectors require government approval"