Page 25 - Start- Ups
50 mn networking conversations witnessed among rising workforce in Q3: Apna
Apna.co said it has facilitated professional networking through various algorithms and technology tools
 "50 mn networking conversations witnessed among rising workforce in Q3: Apna")
P&G India set up Rs 200-cr 'Technovate Fund' to solve business challenges
The firm has also committed to spend more than Rs 1,300 crore in business solutions through its 'vGrow' platform
 "P&G India set up Rs 200-cr 'Technovate Fund' to solve business challenges")
Games24x7 launches Rs 400 cr fund for interactive entertainment start-ups
Will largely focus on entrepreneurs aspiring to build disruptive ventures in online gaming, digital marketing, digital content, sports tech, eSports, blockchain tech and analytics
 "Games24x7 launches Rs 400 cr fund for interactive entertainment start-ups")
Hiring of permanent workers fell 61% in start-ups: RazorpayX Payroll report
Technology-related jobs have managed to marginally increase their contribution to the overall workforce by 4 per cent, while the hiring trend is slowing down in general
 "Hiring of permanent workers fell 61% in start-ups: RazorpayX Payroll report")
Software delivery firm Devtron raises $12 mn funding from Insight Partners
Start-up will use financing to expand team, promote its platform and expand business
 "Software delivery firm Devtron raises $12 mn funding from Insight Partners")
Software delivery firm Devtron raises $12 mn funding from Insight Partners
Start-up will use financing to expand team, promote its platform and expand business
Made-in-India VCs continue to grow in numbers despite economic headwinds
145 new companies were set up in India in the past two years - 123 in 2021 and 22 in 2022: Tracxn data
 "Made-in-India VCs continue to grow in numbers despite economic headwinds")
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
 "From layoffs to cost-cutting, start-ups brace for long funding winter")
We bet on startups catering to the middle of the pyramid: Arkam co-founders
In a Q&A, Bala Srinivasa and Rahul Chandra, explain why it is essential for any company today to service the Middle India market in the country's smaller towns in order to thrive
 "We bet on startups catering to the middle of the pyramid: Arkam co-founders")
Start-ups tap venture debt to stay afloat amid funding winter, say experts
The venture debt market is becoming popular within the start-up ecosystem with a lot of new funds coming up and limited partners also showing their interest in financing such investments
 "Start-ups tap venture debt to stay afloat amid funding winter, say experts")
Start-ups tap venture debt to stay afloat amid funding winter, say experts
The venture debt market is becoming popular within the start-up ecosystem with a lot of new funds coming up and limited partners also showing their interest in financing such investments
PotHoleRaja: How one start-up is fixing roads the eco-friendly way
PotHoleRaja has grown from small pothole-fixing drives to a dedicated network of volunteers and is working today with some of the biggest corporations and organisations in the country to build roads
 "PotHoleRaja: How one start-up is fixing roads the eco-friendly way")
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
 "Health-tech start-up Good Health Company raises $10 mn in funding")
Startup funding drops by 80% YoY to $3 bn in Q3 of Calendar 2022: Tracxn
Average ticket size also dips across all funding stages, late-stage sees biggest fall of 70%, indicating that investors aren't willing to make large investments until economic conditions improve
 "Startup funding drops by 80% YoY to $3 bn in Q3 of Calendar 2022: Tracxn")
India's startup sector sees 80% drop in Q3 funding, slowdown to continue
The funding in Indian startups nosedived a massive 80 per cent (year-on-year) in the third quarter (July-September period) this year, with the late stage funding seeing the biggest fall
 "India's startup sector sees 80% drop in Q3 funding, slowdown to continue")
Indian start-up market worth betting on, says Facebook co-founder Saverin
Saverin believes that much of the growth in India will come from enterprise tech companies. These are tech companies providing services to businesses.
 "Indian start-up market worth betting on, says Facebook co-founder Saverin")
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)
Colleges optimistic of bumper recruitment on rise in pre-placement offers
Mid-rung engineering, management colleges see double-digit growth in offers, and a big rise in average pay packages
 "Colleges optimistic of bumper recruitment on rise in pre-placement offers")
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
 "Start-up LeverageEdu gets RBI approval for financial services unit")
Bessemer Venture leads $3.5 mn seed round for SaaS billing start-up Zenskar
Zenskar's flexible billing platform enables SaaS firms to handle usage-based pricing, subscriptions, nuanced discounts, credits, custom currencies, prepaid, post-paid, and ramp deals
 "Bessemer Venture leads $3.5 mn seed round for SaaS billing start-up Zenskar")