Page 12 - Startups

Byju's woes continue: Content manager, biz partner face US court sanctions

Federal judge is considering imposing millions of dollars in sanctions on Byju's manager Vinay Ravindra and company ally Rajendran Vellapalath, who founded Dubai-based tech startup Voizzit Technology

Co-working space provider Urban Vault plans IPO in the next 3 years

The company expects to reach the Rs 150-crore revenue mark by FY25, growing at 80-85 per cent year-on-year

After a prolonged winter, Indian edtech sector shows signs of recovery

Funding in the sector has increased by 153 per cent year-on-year (Y-o-Y), reaching $608.8 million across 68 deals in 2024 so far

Global investment group Prosus eyes five India listings in 12-18 months

While Prosus said that the exact timeline for the IPO announcements will come from the firms themselves, it also identified another five investee companies on its "future potential" IPO list

8i Ventures comes with 2nd edition of pre-seed funding Origami programme

'There is significant funding available today for business models which can demonstrate unit economics within a reasonable timeframe'

Insurtech firm Zopper raises $25 mn in to ramp up its digital infra

The funds will also accelerate growth in the firm's current bancassurance offerings and enhance its post sales and servicing capabilities for Zopper's device and appliance protection businesses

Vecmocon raises $10 million in the first phase of Series A funding

The vehicle intelligence firm will use the funding to expand its reach in various market segments, including electric two-wheelers, three-wheelers, light commercial vehicles (LCVs), and buses

Startups are like upstarts, they end up burning strategy: Rajiv Bajaj

The biggest difference between established brands and many startups and is while the former build strategy, brand, and technology, the latter are more like upstarts that end up burning the same things, Bajaj Auto Managing Director Rajiv Bajaj said on Thursday. "There are three terminologies here. Startup; then there is a word which I like to call most of them, which is upstart. Then us, the winners or the champions," Bajaj said while speaking at the CNBCTV18 Global Leadership Summit here. He said those who enter a market without a strategy are "upstarts" and end up burning everything -- from their brand and technology to products. "Upstarts are those who don't have a build-strategy. They have a burn strategy. They burn technology -- their batteries. They burn brands by reducing price every month. They burn products in their factory, in the trucks, at the dealerships, on the road," he said. On the contrary, he said, "startups are those who have built a strategy. They build technolog

Swiggy: From a forgotten idea to Rs 1 trillion market cap on listing

Swiggy is the first company to list through the Securities and Exchange Board of India's confidential listing route, highlighting the competitive nature of the sector

Startup fever grips India: What economic challenges, surprises lie ahead?

Is it likely that startups that listen carefully to what Tim Berners-Lee has to say are the ones that will thrive in tomorrow's world (the so-called Web 3.0)?

Biz fundamentals rekindling investor confidence in edtech: Eruditus CEO

The company has seen 40 per cent growth in university partnerships over the past four years and doubled its enterprise business in the last two years

Infra, talent, startups: Why tech leaders are betting on AI's India future

They country that exports software services must now do same in the new technology, they say

B2B e-commerce platform ElasticRun reduces FY24 loss to Rs 359 crore

Revenue for the financial year 2024 came in at Rs 2,434.84 crore, down 48.6 per cent year-on-year. Revenue for FY23 was Rs 4,738 crore

CL Educate plans global expansion after NSEIT's DEX business buy

Post this acquisition, it will enter the digital assessment market, which is projected to touch over Rs 13,000 crore in India by 2028

Sharad Sanghi's AI cloud startup Neysa raises $30 mn in Series A funding

This investment builds on Neysa's successful $20 million seed round earlier this year

GenAI start-up landscape witness broad-based growth, crosses 240 in H1 2024

Net funding addition of $152 million since H1 CY2023, cumulative funding grows over $750 million since 2023, according to Nasscom report

Shoe startup Yoho aims to fill the market gap in comfortable footwear

The direct-to-consumer footwear brand aims to enhance customer experience and product offerings following a Rs 27 crore funding boost. It will deploy the funds to drive business growth and innovation

Oyo likely to raise $200 million at 2x valuation of $4.5-5 billion

OYO to refinance its $450 mn of outstanding debt

PW is able to develop set of products that are disruptive: Deborah Quazzo

Deborah talks about the firm's high-yielding investment in Physics Wallah, the decision to not invest in beleaguered edtech firm Byju's, and investment strategy in India

India's brain gain: 40 Indian univ alumni join US unicorn founders club

Other Indian universities on the list include IIT Madras, IIT Kharagpur, the Birla Institute of Technology and Science (Pilani), Banaras Hindu University (BHU), and the University of Madras