Page 4 - India Startup

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

Health-tech start-up Good Health Company raises $10 mn in funding

Hyderabad-based company will use financing to introduce more product categories and expand team

Govt to provide collateral-free loans to start-ups under CGSS framework

The credit guarantee cover under the scheme would be both transaction-based (for single eligible borrowers) and umbrella-based (for a group of eligible borrowers)

Start-up LeverageEdu gets RBI approval for financial services unit

Company raised $22 million in funding in March earlier this year at a valuation of $120 million

Future of learning: Edtech start-ups' hybrid tilt to lure students

With the offline lure of greater teacher-student connect many such start-ups have forayed into brick-and-mortar centres to compete with existing offline institutions

Need to build resilient supply chains, boost connectivity: PM Modi at SCO

India assumes rotational annual presidency of SCO summit nations; China, Russia and other countries offer support for summit next year in India

SoftBank plans $35 million bet on India's GoMechanic, says report

SoftBank has for years been a prominent backer of Indian startups, investing close to $4 billion last year alone, according to data from Venture Intelligence

Singapore's GIC funds Indian rocket startup Skyroot ahead of first launch

The funding follows the Indian government's push to get the country's private sector to complement its state-run space programme known for its affordable launches and missions

BlackSoil crosses $300 mn in venture debt deals, predicts robust market

Company that provides debt capital says its assets under management have grown 55% YoY

Get a masterclass on the art of scale-up from start-up wizards

Tech world's prime-movers set up Artha School of Entrepreneurship.

Ratan Tata invests in senior citizen companionship-as-service startup

Ratan Tata announced an undisclosed investment into startup Goodfellows that offers companionship to senior citizens as a service

EnKash: Powering India's SMEs and start-ups with a suite of corporate cards

The firm currently has a user base of 100,000 enterprises and processes transactions worth about Rs 28,000 cr a year

Family offices bet bigger on start-ups, opt for direct investments

Direct investment or co-investing with Indian VC/PE funds in companies is increasingly catching up

Porter completes divestment of Modern Trade business to COGOS Technologies

This move aims at ensuring continuity of the business vertical with COGOS, an enterprise-led business model and strengthening Porter's focus on its core business solutions

Start-ups collaborate with chemists, shake up offline pharma business

Some are managing supply-chain backend for retail pharmacies, right from stockist to chemist, others are offering telemedicine kiosks at chemist outlets, and digitising pharmacies

StanPlus aiming under-10-minute arrival time for an ambulance in one year

Managing a fleet of close to 3,000 ambulances, StanPlus now claims to dispatch ambulances in under four minutes and reach the patient in under 15 minutes