Page 3 - India Startup

Stars align for astrotech: Astro startups' revenues get festival fillip

Despite an apparent dip in investments, several firms have reportedly been in talks to raise fresh capital this festival season

Edtech firm Unacademy appoints Sandhydeep Purri as chief people officer

Before joining Unacademy, Purri held the position of chief people officer at Sapphire Foods, overseeing HR strategies for brands like Pizza Hut and KFC

Banking fintech MobiKwik posts second quarter of PAT at Rs 5 crore

The Gurugram-based fintech has a registered base of 140 million users and over four million merchants

Indian startup funding hits 5-year low in Q3 2023 at $1.5 bn: Tracxn

The quarter saw five funding rounds cross the $100 million mark, including the likes of Perfios, Zepto, Ola Electric, Ather Energy and Zyber 365

Razorpay acquires digital invoicing, customer engagement startup BillMe

With this acquisition, Razorpay will get access to BillMe's client base of over 4,000 merchants

Green shoots of profitability finally emerging among Startups in India

Many companies such as Zomato, Meesho, and MobiKwik have now turned profitable while others like Paytm, Delhivery, and Zepto have showcased a clear path to profitability

Byju's accuses lenders of manufacturing fake debt crisis to extort money

The company chalks up its current debt predicament to aggressive distressed-debt investors who, in its view, were never supposed to be able to buy the loan

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

Entrepreneurs take reins of IAMAI, big tech sidelined for the first time

Harsh Jain's appointment as chairperson of IAMAI has signalled a shift in the association's leadership and organisation's priorities after IAMAI was criticised for aligning with Big Tech's interest

Angel investment at high premium under Income-Tax department scanner

Notices seeking explanation served to start-ups

Speciale Invest announces new Rs 200 crore fund for deep tech start-ups

Speciale Invest, a venture capital firm that has funded space and technology startups such as Agnikul Cosmos and QNu Labs, on Wednesday announced a new fund with a Rs 200 crore corpus to provide series A and above funding to initiatives in the deep-tech sector. The Speciale Invest Growth Fund I, with an initial investment of Rs 100 crore, has received approval from market regulator SEBI to provide series A and above funding to high-potential technology startups, supporting India's enterprise and deep-tech startup ecosystem, a company statement said. The fund expects to close the corpus at Rs 200 crore in the next three-four months, it said. "Our new Growth Fund I is an extension of our vision and commitment to expand our investment strategy to support high-performing technology startups from our portfolio at the Series A and beyond stages," Arjun Rao, General Partner at Speciale Invest said in a statement. Founded in 2017 by Vishesh Rajaram and Arjun Rao, Speciale Invest had a ...

Snacks start-up Kikibix raises $300,000 from founders of nine unicorns, VCs

Nutrition snacking start-up Kikibix has raised USD 300,000 from founders and co-founders of nine unicorns, including Mama Earth, Pristyn Care, Fashinza etc, the company said on Friday. Early-stage venture capital firms Blume Ventures led the funding round and US-based Angelist also participated in the fundraising. Founded by paediatrician Ridhi Kaur in 2022, the company makes cookies in flavours such as Cranberry Oats, Gur Chana, Ragi Mocha, Coconut, Figs, and Date Almonds. Mama Earth Founder Varun Alagh, Mosaic Wellness Co-founder and CEO Revant Bhate, Pristyn Care Co-Founders Vaibhav Kapoor and Garima Sawhney, EaseMyTrip Co-Founder Prashant Pitti, Fashinza Co-Founder Abhishek Sharma participated in the funding round. Kaur said that in the last six months, the company had seen 10 times growth in its monthly revenues. The organization plans to use the funds to launch more product categories, build a team and enter more distribution channels across the country.

Fundraising gets tougher, 2023 super challenging for startups: Report

Amid a deepening funding winter, only 53 per cent of startup founders had a positive fundraising experience (71 per cent of those who attempted to raise) in 2022, down from 92 per cent in 2021.

10 yrs tax holiday, less holding period of ESOP shares: Startups on Budget

Indian startup founders on Monday said that to explore a comprehensive digital India, the Union Budget for FY24 must leverage the full inherent potential of the homegrown technology industry

TMS Ep356: Google unbundling, Indian start-ups, PSU, capex stocks, BharOS

What will Google unbundling mean for Indian apps? Is there a governance deficit in Indian start-ups? How to trade PSU, capex stocks ahead of Budget 2023? What is BharOS? All answers here

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

What does the 2022 funding winter indicate for start-ups in 2023?

2022 was a year of reckoning for Indian startups. New unicorns halved compared to last year, and mass layoffs followed. So, how did this year change Indian start-ups? How are they prepared for 2023?

Flipkart veteran building unified shopper identity across stores

Flash is creating a digital identity that power shoppers can use across retail sites

From layoffs to cost-cutting, start-ups brace for long funding winter

Favourite haunts of start-up community in Bengaluru and Gurugram reflect the sombre mood

Largest ever contingent of India Inc participates in GITEX Global 2022

India had the highest number of participating companies after the host, UAE, at the four-day event