Page 11 - Startups In India

Ola founder Bhavish's Krutrim becomes first $1 billion Indian AI startup

It becomes the first Indian AI startup to gain a billion-dollar valuation, a mere month after debuting a large language model, the firm said in a blog post

Swiggy planning fresh layoffs; may cut 7% from 6,000-strong workforce

Swiggy plans to reduce its employment by 7 per cent, affecting 400 employees across teams like technology, call centers, and corporate roles

Quick commerce app Zepto elevates Nikhil Mittal to chief technology officer

In his new role, Mittal will be handling all verticals of engineering - customer facing, platforms and supply chain - at the company

Robots for reducing manual efforts to nanotech cancer therapy: IISc

FSID at the Indian Institute of Science is witnessing a significant increase in terms of the number of applications of deep tech firms over the last few years

$5 bn for EV, 20 unicorns women-led: Path of Indian startup boom since 2014

Despite the challenges due to persistent funding winter, Indian startups received $8.4 billion in funds from domestic and global investors in 2023

Games24x7 thrives amid new GST, explores innovative business models: CEO

'Despite GST, 2023 was best year for our fantasy sports, rummy platforms,' says Games24x7 CEO

FY22 report card: Edtech company Byju's losses widen to Rs 8,245.2 cr

Subsidiaries WhiteHat Jr, Osmo contributed to 45% of losses

Startup funding in India fell 62% to six-year-low in 2023: PrivateCircle

The funding deal volume fell by a sharper 72% in 2023 to 1,444 deals as compared to 5,114 deals in 2022

Unicorns meet Piyush Goyal, plan to set up 'Startups Club of India'

These startups are not only developing innovative solutions and technologies but are also generating large-scale employment and contributing to the growth of the nation

Atsuya Technologies wins Genesis Innovator at National Startup Awards 2023

Chennai-based deep tech startup has been recognised for pioneering solutions in IoT and AI

Gaming unicorn Dream11 onboarded 55 million users in 2023 amid tax battle

The company now boasts a total user base of 21 crore gamers, after breaching the 20 crore threshold in October last year

Automation, edge computing to bolster Zepto's tech stack: Kaivalya Vohra

In August this year, Zepto raised $200 million in a series E funding round at a $1.4 billion valuation to become a unicorn, ending an extended dry spell

2024 expected to be year of IPO boom led by new-age firms, say experts

Experts said a combination of various factors including rise of tech firms, investor confidence, a resilient economy and a supportive regulatory environment are propelling growth of India's IPO market

Incubators give warmth to startups in India amid a funding winter

India has the second-largest network of startup incubators and accelerators with 718 such firms

Future check for Indian startups: 70% see demand for AI solutions

Startups see investments coming for deep tech, a term used for businesses that develop new offerings based on tangible engineering innovation or scientific discoveries

Majority of Indian startups eyeing IPOs in 2024 struggle with losses

Of the 12 startups looking to launch IPOs this year, eight have incurred a cumulative loss of Rs 8,000 crore, including Swiggy, and Ola Electric

IIT Madras targets incubating 100 startups across various sectors in 2024

Recognised as one of the top deep-tech start-up ecosystems in India, the IIT Madras Incubation Cell (IITMIC) is institute's umbrella body for nurturing, supporting, and overseeing various innovation

Zomato increases platform fee to Rs 4 from Rs 3 in select markets

The fee is levied on all customers, regardless of whether they are part of the company's loyalty programme Zomato Gold, which provides benefits such as free deliveries and increased discounts

2024 to see surge in new-age tech IPOs as macroeconomic headwinds ease

A total of five companies went public in 2023, up from three the previous year. These include Yatra, Zaggle, Yudiz, IdeaForge, and Mamaearth, with a cumulative issue size of around Rs 3,650 crore

Meesho turns profitable with losses halved to Rs 1,675 cr in FY23

The company's revenue grew 77 per cent to Rs 5,735 core