Page 10 - Indian Startups

Are Indian startups running short on funding? Startup | Funding Winter | Business News

According to a PwC report, in H1CY23, the Indian startup ecosystem received the lowest amount of funding in the last four years. >

Profitable Indian unicorns to grow from 30 in FY22 to 55 in FY27: Report

Their total loss is expected to reduce from $7.1 bn to $1.9 bn, says Redseer

Razorpay launches operations in Malaysia market with payment gateway

Service simplifies payment collection, automates payouts, helps businesses to control cash flows

Fibe eyes upskilling space for lending even as ed-tech faces crunch

The company, which averages around Rs 40 crore in monthly topline sales in the category, partners with upskilling platforms to lend credit to consumers

Why are governance lapses increasing in Indian startup ecosystem?

Conversations around proper governance among startups are increasing

IPL's enterprise valuation rises 80% to hit $15.4 billion in 2023

The league takes the top spot among Indian start-up valuations

Indian start-ups raise more funds than China for 2nd straight year

No new unicorns were created during the first six months of the year, against 19 unicorns in H1 2022 and six in H2 2022

Meta launches $250K mixed reality fund for 5 Indian startups, details here

As a part of the programme, a group of up to five Indian engineers and new companies will get a monetary grant, alongside exclusive mentoring and direction from the Meta Reality Labs specialists

Turmoil at Byju's highlights hurdles for India's startup ecosystem

Already stuck in a 15-month funding slump, India's young companies are in danger of becoming collateral damage to the country's highest-profile startup crisis in years

Edtech major Byju's tells investors it will file 2022 earnings by Sept

Deloitte said on Thursday it was severing ties with Byju's, one of India's most successful startups, over its "long-delayed" financial statements for the year ended March 2022

Paytm leads $6 billion stock rally as Indian startups seek redemption

Shares of Paytm parent One 97 Communications Ltd. have surged 69%, adding more than $2.7 billion in market value, after it improved its profitability ahead of schedule

ESOP payouts, buybacks plummet among Indian start-ups amid funding winter

While the funding slowdown has had no significant impact on the issuance of ESOPs, a liquidity crunch has caused the once-overflowing well of ESOP buyback programs to run dry

Top headlines: SoftBank eyes Indian startups, Hindujas top UK rich list

Business Standard brings you top news at this hour

Online gaming unicorn MPL forays into Africa, launches its app in Nigeria

MPL, which became a unicorn in 2021, has partnered with Africa's gaming publisher Carry1st to launch in the continent

Stride Ventures announces first close of third venture debt fund at $100 mn

Firm invests in startups that exhibit robust business models and strong unit economics

Implosion of India's tech startups reveals fundamental flaws in the system

By some estimates, 92 companies in the sector have laid off over 25,000 employees since the beginning of the year

ED searches: Byju's CEO says brought more FDI to India than any other firm

After financial crime-fighting agency ED searched Byju's premises, the education platform's CEO Byju Raveendran wrote to employees saying the company brought more FDI to India than any other startup and that the firm fully complies with all applicable foreign exchange laws. India's most valuable startup, Byju's was once valued at USD 22 billion and has attracted global investors such as General Atlantic, BlackRock and Sequoia Capital. "As we are funded by 70+ impact investors who have satisfactorily done due diligence on our operations, including all FEMA (Foreign Exchange Management Act) compliance, we are confident that the authorities will also come to the same conclusion," Raveendran said in the memo sent late on Saturday, which was seen by PTI. ED had on Saturday searched three premises in Bengaluru linked to the company over alleged foreign exchange law violations. Searches at 'Think & Learn Private Limited' (Byju's online learning platform) yielded "various incriminating ...

Layoffs continue at startups; funding winter, macro uncertainty to blame

New-age companies like Byju's, Unacademy, social media firm ShareChat, MyGate, and automobile-servicing startup GoMechanic were among the leading names that fired employees in large numbers

Zomato, Zypp join hands to deploy 100K e-scooters for last-mile delivery

Zomato says association will enable it to 'significantly reduce carbon emissions'

Meesho's monthly active users count about 55% of Amazon, Flipkart: Report

Meesho is India's third largest e-commerce retailer with CY22 GMV of $4.5 bn and 7 per cent market share, growing much faster than overall e-commerce market, according to the brokerage firm Jefferies.