Page 14 - Startups

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

Swiggy's quick commerce arm Instamart outpaces food delivery biz growth

The quick commerce vertical's GOV is already at 40 per cent of food delivery GOV, despite being launched six years later

Zerodha profit jumps 61.5% in FY24; CEO warns of regulatory challenges

However, anticipates 30-50% drop in revenue next fiscal due to regulatory headwinds

Indian startup funding dips 7% to $7.6 billion in first nine months of 2024

Funding rounds declined to 1,036 from 1,579 during the same period, according to data from market intelligence platform Tracxn's India Tech 9M 2024 report

Pepsales raises $1.1 million in a round led by Chiratae Ventures

The firm said it is targeting the global enterprise application software market, which has an estimated annual sales and marketing expense exceeding $190 billion

Nurix AI raises $27.5 mn in funding round led by Accel, General Catalyst

Startup founded this year will use the financing on technology and business expansion

Oister Global, Tribe Capital partner to launch $500 million fund

With a pipeline of identified investments, the firms aim to leverage their complementary strengths: Oister's deep local market expertise and Tribe Capital India's quant-driven diligence

Startups tackle loneliness with services for friendships and companionship

Studies show that loneliness transcends age, affecting everyone from the teenagers to the elderly

Softbank-backed InMobi raises $100 mn via debt financing agreement

The funds will be used to propel InMobi's artificial intelligence (AI) development and deployment efforts forward and fund potential AI-focused acquisitions

Origin starts Bengaluru operations, plans to raise $10 million funding

Origin introduces Omnichannel Pay, seamlessly integrating offline, online, and quick commerce delivery modes to cater to a diverse customer base

Unicorn India Ventures eyes a new chapter, aims to be a cross-border fund

Cross-border funds have their unique advantages: they allow funds to build strong connections in two countries and create a network that encompasses both regions