Page 33 - Startups In India

Shuttl plans salary cuts and lay-offs amid coronavirus lockdown

In mail to employees, co-founder and CEO Amit Singh stated that he and co-founder Deepanshu Malviya were taking a 50 per cent salary cut

Online lender Vivriti Capital raises Rs 350 cr in series B funding

The latest round takes total equity raised by the start-up to $100 million

Ixigo invests in gogoBus mobility startup, enters bus-booking segment

With this investment, Ixigo has entered the bus booking segment. Earlier, it had flight, trains, and hotels bookings. For gogoBus, this provides access to a ready user base.

Sequoia India leads $16 mn funding round in healthtech start-up Qure.ai

Qure.ai will use the capital to drive geographical expansion, expand product portfolio in two more areas

India's IT giants see product-led growth strategy as next big opportunity

Once seen as pure-play services players, Indian IT firms are slowly building up their own product and platforms in order to better serve their clients

Kuku FM raises $5.5 million from Vertex Ventures, Shunwei Capital

The deal comes in the background of growing popularity of audio platform, including local ones

PE, VC investments in India grew 28% to $48 billion in 2019, says EY data

Buyouts recorded the largest increase of 56 per cent in terms of value ($16.2 billion in 2019 against $10.4 billion in 2018)

Budget 2020: DPIIT seeks more funds to boost infrastructure in hinterland

The government had severely cut down on expenditure in this area, with the 2019-20 (FY20) Budget providing Rs 909 crore, down from the RE of Rs 1,707 crore in the earlier one.

Budget 2020: To support growth, govt may provide tax incentive to startups

The Department for Promotion of Industry and Internal Trade (DPIIT) has suggested several measures to the finance ministry for start-ups in the budget

Sachin Bansal's Navi Technologies buys software consulting firm MavenHive

The new asset will bolster Navi's technology and product development capabilities

Tech startups created over 60,000 direct jobs this year, says Nasscom

Overall, the IT sector employs 4.1 million people directly and 10.25 million indirectly

Budget 2020: Venture Capitals, startups seek budgetary aid in meet with FM

The Nasscom has also sought that IT and BPO firms should not be treated as financial intermediaries for the goods and services tax (GST).

How a 19-year old's dream to chase stars is helping fuel other kids' hopes

A 19-year-old physics undergrad student has started a venture that helps schools set up their own astronomy labs, writes Sneha Bhattacharjee

Fireside Ventures to invest in 20 start-ups in superfoods, fashion segments

The venture capital (VC) firm is planning to make around 18-20 investments via fund 2 in the range of $4-5 million in each portfolio company across Pre-Series A and Series A stages

Data protection startup Druva crosses $100 mn in annual recurring revenue

This June, the company had raised $130 million to become a 'unicorn'

Accel India raises $550 million fund VI to invest on tech start-ups

Counted among top VCs, Accel has 117 active investments including Flipkart, Swiggy and Freshworks

India is critical for Telstra's technology innovations, says CEO & MD Penn

Telstra is looking at co-innovating with Indian startups in emerging technology areas, says CEO Andrew Penn

Smartworks Coworking raises $25 mn from Singapore realty firm Keppel Land

Smartworks, which has 23 operational centres in 9 cities and offers 43,000 workstations over 2.3 mn sq ft, plans to grow to 20 mn sq ft and seat 200,000 professionals over the next five years

Generico devising technology-enabled solutions for chronic diseases

Last week, Generico, which runs a network of pharmacies selling generic drugs, raised $14 million in a Series A funding round, led by venture capital firm Lightbox

Coding the future: This start-up helps children build commercial-ready apps

Can WhiteHat Jr, a platform for childern to learn coding, establish itself in a market that is expected to grow exponentially? Abhishek Kumar explores