Page 93 - Start Ups

Investment firm DVC announces close of $80 mn fund for SaaS start-ups

It will invest in one company per quarter, or a total of approximately 20-25 companies over five years.

Sequoia asks founder ecosystem to tighten belt, focus on profitability

Cash burn and growth at all cost no longer being rewarded as capital turns expensive

'Startup founders may find it difficult to raise funds in coming months'

With a capital crunch creeping into the market, startup founders may find it difficult to raise funds at attractive valuations in the coming months, according to industry players.

You can't raise cash to blow it up: Ronnie Screwvala on layoffs at unicorns

In a Q&A, the upGrad chief said it is a 'lame excuse' for founders for tech unicorns to blame the situation on factors like the war in Europe and funding crunch

Is there a scary twist ahead in the Indian start-up story?

Cars24 laid off 600 workers, just days after Vedantu fired 424 employees. Y Combinator has asked founders of its portfolio firms to prep for the worst. Is there a twist ahead in the start-up story?

Start-up Wakefit logs Rs 636 cr revenue, marking 50% y-o-y growth

Firm that makes mattresses and pillows aims to expand to smaller cities and is setting up a manufacturing facility in Sonipat.

Self-driving vehicle start-up Minus Zero raises $1.7mn in seed fund

The company plans the public launch of its first Autonomous vehicle use-case in late 2022 to early 2023.

1K Kirana raises $25 mn, aims to serve over 10 mn consumers in 12 months

Hyperlocal shopping and distribution network says it will use the financing for improving its technology and expanding team.

Cars24 to Vedantu, start-up lay-offs accelerate on capital crunch worries

Falling valuations, slowing funding rounds add to woes; move aimed at conserving cash and shore up profitability

BlissClub raises $18 mn in funding led by Eight Roads, Elevation Capital

BlissClub has seen 25X growth in just 10 months, having gone from raising a seed round in May 2021 to current Series A in less than a year

Vedantu lays off another 424 employees, blames 'scarce capital'

The decision comes just days after Vedantu had announced that it had let go of another 200 people.

Are Indian startups staring at a tough future after a blockbuster year?

The valuation of Meesho, the Indian e-commerce rival of retail giant Amazon, more than doubled last year to $5 billion

IFC to pick up minority stake in BYJU learning app

World Bank arm to invest $15 million in educational products company

IPL 2020: Edu-tech firm Unacademy set to fight for title sponsorship rights

A BCCI official confirmed that Unacademy has picked up the bid papers but refrained from making any comments beyond that

Byju's raises over Rs 363 cr in funding from Maitri Edtech, IIFL's PE fund

Byju's is estimated to have raised about $2.3 billion in funding so far with valuation touching $16.5 billion.

Byju's raises $200 mn in fresh funding; valuation surges to $12 bn

BlackRock, T Rowe Price participate in the round; the edtech major's valuation has risen by over $1 bn since last round of fundraising

Aakash+BYJU'S' Chaudhry invests $4 million in HR automation firm HONO

HONO raises $5 mn in Series A round to double size of operations

Byju's turns profitable in 8 years, gears up to enter US in a big way

First Indian consumer-tech start-up to achieve feat; sales soar 186% in a year

Byju's to pay $1 billion for Blackstone-backed Aakash Educational Services

Aakash Educational Services runs Aakash Institute, which has over 200 brick and mortar centers and tutors students to gain entry into the country's elite engineering and medical schools

India will rival US in churning out internet tech cos: Rise Capital founder

In a Q&A, Nazar Yasin dwells why he left Tiger Global, and how Rise Capital stood out from the crowd with its focus on emerging markets and Indian regulatory changes