Page 37 - Startups

India leading the way of innovation, says PM Narendra Modi in Germany

During the speech, Modi also shared his government's achievements and said India will not be left behind in the fourth Industrial Revolution

EV startup Mecwin India to set up Rs 50 cr manufacturing plant in Bengaluru

Electric vehicle startup Mecwin India on Friday said it is going to invest Rs 50 crore for setting up a manufacturing plant here for EV motors and controllers

Sequoia India's Surge programme extends seed fund range up to $3 million

Surge startups have collectively raised over $1.5 billion in follow-on rounds

Amid testing times, SoftBank Group Int'l CEO leaves after 5 months on job

Five years of deploying billions of dollars into some of world's most celebrated startups saddled SoftBank Group with a record loss in the year ended in March after a global rout in tech valuations

How Covid, lax controls, recklessness and a flawed founder sank Zilingo

Bose, a co-founder, lived the high life at company expense: When she wasn't showing up at Paris fashion week, she was shuttling off to New York for a meet-and-greet with a prospective client

Sequoia India grapples with fallout from several governance issues

The Silicon Valley firm has invested $5.5 billion in India and, since 2017

Indo-German startup Nunam deploys Audi's used batteries in e-rickshaws

The startup's primary goal is to develop ways to use old batteries as second-life power storage systems, thus extending their lives and using resources more efficiently

Blockchain infra automation platform Zeeve raises $2.65 mn in seed round

Funding led by Leo Capital and Blu Ventures, proceeds to be used to bolster product development, augment tech team and enhance reach among DApp developers and global corporations

Sequoia raises record $2.85 bn to fund Indian startups, others ventures

Venture capital firm Sequoia India and Southeast Asia has raised $2.85 billion - the highest ever in one tranche by any venture capital fund - to fund startups and other ventures in the region

Byju's-owned Aakash eyes 60-70% growth in FY23; new centre, hiring on cards

Test preparation major Aakash Educational Services (AESL), owned by Byju's, is confident of growing at 60-70 per cent this year, with its business momentum driven by market demand

Unicorns to take on lease 8.1 mn sq ft office space in 2022-24: Report

Startups with a valuation of $1 billion or more, also called unicorns, are likely to take on lease 8.1 million square feet of office space during 2022-24 period across six major cities, a report said

Fish and meat startup FreshR raises $1.2 million in new funding round

Fish and meat distribution startup FreshR has raised USD 1.2 million (Rs 9.33 crore) in a funding round led by Axilor Ventures and 1crowd, a release said on Thursday.

Start-up leaders reap pre-IPO windfall, never mind post-listing fate

Delhivery, Paytm, Zomato, Policybazaar saw a sharp spike in the packages of 'key management personnel' in the year they filed their RHP

Jaipur-based Batt:RE inaugurates new e-scooter Stor:ie at Rs 89,600

The price is ex-showroom, excluding the subsidy amount provided by the central as well as state governments, the company said

As pandemic boom fades, can ed-tech startups survive?

Most schools and colleges are now open. With existing funds depleting and no word on new capital, ed-tech startups are clueless about their future. How can ed-tech startups come out of this crisis?

Physis Capital hopes to start investing in promising startups by Oct

The fund, which aims to build a portfolio of 15-20 startups with minimum ticket size of USD 2 million, has recently received approval from Securities and Exchange Board of India

Why VCs are still backing Indian startups despite growth stocks crashing

Singapore, June 6 (ANI): The last few months have not been good for startups and their venture capital (VC) backers.Growth stocks like Southeast Asia's largest ride-hailing and food delivery company Grab, ecommerce giant Sea Limited, Indian companies Paytm, Zomato and Freshworks are some example of unicorns that went public recently but have performed poorly against the rest of the market.Grab and Sea Limited, both listed in the US, are down 65 per cent year-to-date. India listed delivery firm Zomato is down 49 per cent whereas fintech company Paytm is down 53 per cent.Both are listed in India while Nasdaq listed software house Freshworks is down 40 per cent for the year. This is in comparison to the SENSEX which is down just six per cent and S & P 500 index's decline of 14 per cent since the start of 2022.These growth stocks have been impacted by rising interest rates and inflation which is seen by the market as bad for newer firms which typically require loans to expand quickly.

Top Headlines: Economists see RBI rate hike, pruning GST exemption & more

A group of ministers may propose pruning GST exemptions on certain goods and services and correcting the inverted duty structure. Read more on this in our top headlines

Join a firm that doesn't treat you as employee id: Banerjjee of Tata Neu

Says knee-jerk reaction-driven startups get rid of their biggest assets--the very people on whose shoulders these businesses were built

Drone start-ups: Adani to Ambani, billionaire Indians race for supremacy

Adani, Ambani, Shriram have acquired small drone start-ups to find a foothold in the sector