Page 44 - Start-ups

Priority lending tag to provide new credit lifeline for young startups

Say banks will have to understand ecosystem's high-growth business model

Start-ups to get priority sector tag as RBI revises lending norms

It intends to align them with emerging national priorities and bring a sharper focus to inclusive development

Byju's acquires Mumbai-based ed-tech start-up WhiteHat Jr for $300 mn

Byju's has bought the company for $300 million according to DC Advisory (DC), which acted as the exclusive financial advisor to WhiteHat Jr on its sale to the Bengaluru-based education technology firm

TVS Motor plans Rs 300-crore capital expenditure amid Covid-19 pandemic

The company said it was planning to commercialise some of the intellectual properties (IPs) to be built by start-ups through the company's Singapore subsidiary.

Start-ups need to hack costs to cope with pandemic: MakeMyTrip's Deep Kalra

Says capital has become scarce and only a few businesses in areas such as health and remote learning are getting capital, but they are just 1-2% of the ecosystem

How tech start-ups are working to solve problems, challenges of agri sector

Themes such as farm-to-fork, factory-to-farm, financing and mechanisation enablers will be of significant interest in the coming months

Dunzo suffers data breach; users' phone numbers, email IDs exposed

Google-backed delivery services startup says clients' payment information was not compromised.

Zolostays raises $56 mn from Investccorp and others, eyes expansion

The funding round brings Zolo to $90 million raised in all

Agritech start-ups to attract $500 mn in investments in next 2 years

In 2019 alone, $244.59 million were invested in the sector, an increase of over 350 % YoY

Covid-19 impact: Mass lay-offs, cost-cutting among start-ups, says survey

Start-ups are now resorting to mass lay-offs and cost-cutting, as only a small number of them is funded to sustain till end-2020

About 70% start-ups impacted by Covid-19, 12% shutting operations: Survey

43 per cent of start-ups have already started salary cuts in the range of 20-40 per cent over the period of April-June 2020, it said.

Live tutoring firm Vedantu readies itself for post Covid demands

Vedantu cashing in as coaching classes remain shut amid lockdown

Chinese app ban is an opportunity to US, Indian starts-ups: Advocacy group

A US-India business advocacy group has welcomed India's ban on Chinese apps, including TikTok, saying the move will provide opportunities to American and Indian start-ups. Amidst escalating tensions with China in eastern Ladakh, the Indian government on Monday banned 59 mobile phone applications, mostly having Chinese links, citing threats to national security. Mukesh Aghi, president of US-India Strategic and Partnership Forum, told PTI on Wednesday that this is India's internal security matter. India felt that a lot of these apps were accessing and transferring data. We feel that the steps taken by India is to protect its own internal security, and we support that. It (banning of apps) does provide the opportunity for US companies. But I think it provides more opportunities for Indian companies to step up and build domestic apps. Because that's one area in India that has tremendous strength, he said. This gives more opportunity to Indian companies to access this market, he ...

Creating space for private spacetech

Global venture capital has identified spacetech as a super growth sector. India, China and Japan will play a significant role to drive the transformation in Asia

Mobility firm Yulu raises $3.9 mn in equity funding round led by Rocketship

So far, the Bengaluru-based start-up has raised more than $20 million in funding from investors like Bajaj Auto, Blume Ventures, 3one4 Capital, Wavemaker, and now US-based Rocketship, among others

Now local businesses can hop on Rapido to deliver products to customers

The bike-taxi unicorn aims to leverage its 15 lakh registered riders present in close to 100 cities to ensure timely and safe delivery methods in times of Covid-19

E-commerce start-up DealShare to hire over 5,000 people by the end of 2020

DealShare has tied up with about 400 manufacturers, of which around 300 are local producers

Beenext raises $160 mn; to focus on Indian start-ups tapping post-Covid era

The Singapore-based venture capital firm plans to allocate 50% of the fund exclusively for the Indian start-up ecosystem

Amid cash crunch, new-age lenders reach out to help early-stage start-ups

Lenders are looking at 'innovative' lending terms such as cash conversion cycle and revenue-linked repayment models to reduce their risks

Anand Mahindra invests $1 million in social network start-up Hapramp

The firm is working on the biggest social media challenges: user privacy, data security, and fair content monetization.