Page 4 - Unicorn Companies

Zomato launches intra-city 'Xtreme' logistics service for merchants

As is the case with Zomato's food delivery service, merchants will be able to livetrack their shipments

India may become Zoho's 2nd-largest mkt in 2-3 years: Sridhar Vembu

Most of our products are now integrated with ChatGPT. We are rolling out integrations every week, he says

Startup action on display amid shift in the Indian smart TV market

According to Counterpoint data, the market share of brands outside the top five sharply increased from 43.2 per cent in 2021 to 57.4 per cent in 2022

Pristyn Care looks to double revenue to Rs 2k cr, turn a profit by FY25

This comes at a time when firm has recently found itself in hot water after facing criticism from patients who claimed that the company forced them to undergo surgeries in a bid to rake in extra cash

Quick commerce unicorn Zepto makes Ankit Agarwal chief product officer

Senior executive will be in charge of company's supply chain and consumer management in new role

Byju's and lenders postpone legal battle, aim for out-of-court settlement

The parties are working on reaching a forbearance agreement, and discussions are still ongoing

Crypto unicorn CoinSwitch lays off 44 employees citing role redundancy

The company has 519 employees, according to its LinkedIn profile. This would mean around 8 per cent of CoinSwitch's workforce has been shown the door

With Zepto becoming first unicorn of 2023, is funding winter about to thaw?

Quick commerce startups hope to race towards better days. Can they crack the execution code?

Weekend Bites: Over the moon, thaw in funding winter, India's chess moment

In which we munch over the week's platter of news and views

Zepto becomes first unicorn this year, raises $200 mn at $1.4 bn valuation

This comes amid a funding slowdown where startups, across the board, have found it challenging to raise capital

Top headlines: MSCI global index shuffle, HCLTech signs deal with Verizon

Business Standard brings you the top headlines at this hour

How Indian unicorns are forging profits out of funding winter's ice

"Given that the market is now demanding disciplined growth, well-run companies should be able to demonstrate profitability with the cash on hand," says Pranav Pai, founding partner at 3one4 Capital

Green shoots of profitability finally emerging among Startups in India

Many companies such as Zomato, Meesho, and MobiKwik have now turned profitable while others like Paytm, Delhivery, and Zepto have showcased a clear path to profitability

Gaming unicorn MPL lays off 350 employees, revisits office infra costs

The move comes at a time when the GST Council has recommended imposing a 28 per cent tax on full deposit value, with no distinction made between games of skill and chance

Profitable Indian unicorns to grow from 30 in FY22 to 55 in FY27: Report

Their total loss is expected to reduce from $7.1 bn to $1.9 bn, says Redseer

Zepto 'in talks' to raise funding, may become India's 1st unicorn this year

Quick-delivery firm said to be looking to raise $150 mn in a funding round that will value it at $1.3 bn

100,000 unicorns, 1-2 mn startups doable: Chandrasekhar on tech opportunity

India's success with innovation, entrepreneurship, electronics manufacturing as well as its digital clout is just the "tip" of a massive growth opportunity before the country, and the nation has the ability to scale to one lakh unicorns and almost 10-20 lakh startups in future, according to Union Minister Rajeev Chandrasekhar. Chandrasekhar -- who completes two years as Minister of State for Electronics and IT -- said the India Stack and the digital public infrastructure built by the country, have demonstrated to the world how technology can be deployed for good, to benefit people, society and communities, and the country at large. The extent of digitalisation of government, governance and economy is going to "accelerate even more", Chandrasekhar promised. The last two years have seen Chandrasekhar keeping a razor-sharp focus on driving India's digital agenda and work on measures to promote electronics and semiconductor manufacturing in the country. He has also been deeply involved

The Byju's story: What is ailing India's once booming start-up sector?

While Byju's has stumbled and may well fall, one must hope that most start-ups learn to thrive in the changed context. The economy would be much less vibrant without them, writes T N Ninan

Funding woes continue: Only 3 unicorns this year, 20% startups downgraded

This is an index of the most valuable private equity or venture capital-funded companies in Indiafounded after 2000, ranked according to their latest funding round valuation.

8 gazelles demoted to cheetahs, 9 out of Hurun Unicorn Index 2023

India's future unicorns are currently worth $57bn, with an increase of 16% as Compared to last year - mainly driven by addition of new future unicorns to the list