Page 6 - Unicorn Companies

Indian startups fired 6,000 employees in third quarter, says report

This can be attributed to investors lowering funding amid high volatility in global markets

PhysicsWallah to hire 2,500 employees, partner with supply chain firm

Company hiring at a time when large Indian start-ups, especially in edtech, are laying off employees

Healthtech unicorn Innovaccer sacks 245 workers, second job cut in 5 months

Innovaccer had said that its business fundamentals are still strong

Udaan product shipment jumps six-fold to 1.7 bn in 2022

The Lightspeed Venture and Microsoft-backed unicorn had shipped 260 million products, catering to around 50 million orders in 2021 -- which was hugely impacted by the pandemic

China saw the steepest fall in funding activity among global peers in 2022

India saw the second-highest fall in funding activity, down 33 per cent in 2022 from 2021, says Tracxn

Start-up funding dips 33% YoY in CY22, early-stage funding grows: PwC India

The SaaS segment witnessed a 20 per cent increase in funding during CY22 compared to CY21 and accounted for nearly 25 per cent of all funding activity this year

India's startup funding in 2022 double the pre-pandemic level: PwC

21 startups entered the unicorn club in 2022, highest from SaaS category

ISRO, Microsoft join hands to empower spacetech startups in India

The space tech startups identified by ISRO will be on-boarded onto the aMicrosoft for Startups Founders Hub' platform, that supports startups at every stage of their journey-from idea to unicorn

Indian startups take 5 yrs to scale from zero to $100 mn revenue: Report

What took 18 years in 2000 to reach $100 million revenue has come down to five years, according to data by Redseer Strategy Consultants

A match not made in start-up heaven

The current turmoil in the start-up world isn't all about the so-called funding winter. A bigger problem is the chasm between the goals of founders and investors

What does the 2022 funding winter indicate for start-ups in 2023?

2022 was a year of reckoning for Indian startups. New unicorns halved compared to last year, and mass layoffs followed. So, how did this year change Indian start-ups? How are they prepared for 2023?

Indian startups witness 38% decline in total funding in 2022: Reports

India added fewer unicorns this year, as the number of companies that gained billion-dollar valuations fell by half from a year earlier

S Chand to sell its entire stake in iNeuron to PhysicsWallah for Rs 14 cr

Education content company exits second edtech investment, after dropping out of Testbook Edu Solutions

upGrad's acquisition of test-prep provider Exampur may hit roadblock

Disagreement over valuation of Noida-based company which wants more from the deal, says source

Delhi HC summons Ashneer Grover, wife and kin over BharatPe's complaint

Fintech unicorn accuses them of fraud, claims Rs 88.67 crore

No of unicorns drop to 85 in India as valuation erode amid global turmoil

The number of unicorns (with the $1 billion valuation and above) in India has dropped to 85 from more than 100 just a couple of months ago, as most startups have shed a significant share of valuations

Disruptive tech is fueling investment and innovation in Indian HR Tech

As the pandemic pushed organizations to work remotely, the HR Tech space saw an influx of investments

Unicorn Meesho joins ONDC to connect hyperlocal sellers and customers

E-commerce firm's pilot will be launched in Bangalore and later rolled out in other locations over a few months

Indian startups need to deliver good profits in 3-5 yrs: Accel's Prakash

The top venture capitalist also predicted that at least 25 Indian unicorns will go for IPO in the next 3-5 years

Edtech firm PhysicsWallah net profit rises multifold to Rs 97.8 cr in FY22

Edtech firm PhysicsWallah has recorded a multifold jump in its net profit to Rs 97.8 crore in the 2021-22 financial year, the company said on Monday. The unicorn edtech firm had registered a profit of Rs 6.93 crore in the previous financial year. The operating revenue of PhysicsWallah (PW) jumped close to 10-fold to Rs 234.09 crore in FY 2022 from Rs 24.6 crore in FY'21. "The success is accredited to our hardworking team and their intact focus on innovation. All our courses have recorded impressive traction and love from students, and we have also launched new courses to meet their demands. "These growth figures demonstrate our conscious efforts toward transforming education in India. We will continue to follow this philosophy and strive to bring more innovations in this ecosystem, PW founder and CEO Alakh Pandey said in a statement. PW started its journey in 2014 as a YouTube channel to coach JEE and NEET aspirants. It has further scaled into preparing students for multiple ...