STARTUPS NEWS

Metal recycling startup Runaya ready with paper work for IPO launch, says CEO

April 15, 2024 12:00 IST

The company, however, is yet to have any timelines or dates as far as its initial public offering (IPO) plan is concerned.

E-commerce platform Zepto, which has turned unicorn recently, has emerged as the top startup in India in terms of professionals' preferred workplace, a list by LinkedIn showed.

Zepto most preferred startup for professionals in India: LinkedIn ranking

September 27, 2023 13:26 IST

LinkedIn on Wednesday released its 'Top 20 Indian Startups List', an annual ranking of emerging companies where professionals want to work, based on the hiring platform's data of almost 1 crore members.

Edtech major BYJU's may lay off up to 3,500 employees during the current fiscal as it looks to consolidate teams and enhance regional focus, sources privy to the development said.

BYJU’s to lay off up to 3,500 employees this fiscal

September 27, 2023 11:20 IST

BYJU's had "over hired" people at the time of Covid pandemic due to sudden jump in online education, but the demand has now receded, for which the company needs to do the course correction, reported PTI quoting sources.

The Finance Ministry on Tuesday notified final valuation rules for foreign and domestic investors into shares of unlisted companies – such as start-ups – under the new angel tax mechanism proposed in the Finance Act 2023.

Finance Ministry notifies angel tax valuation rules for investments in startups

September 26, 2023 16:24 IST

As per the changes in Rule 11UA of Income Tax rules, which comes into effect from September 25, the CBDT has provided that the valuation of CCPS can also be based on the fair market value of unquoted equity shares.

Global agri-tech investments declined by 10 per cent between calendar years 2022 and 2023, FSG's report said.

Investments in Indian agri-tech startups fell 45% between FY22 and FY23: FSG Report

September 25, 2023 14:47 IST

Investments in Indian agri-tech startups fell by 45 per cent between 2021-22 and 2022-23 fiscal years, primarily due to a hike in global interest rates and heightened investor caution amid rising uncertainty, reveals consulting firm FSG's new report.

Lenders have alleged that Byju's hid $533 million in an obscure three-year-old hedge fund to avoid it being seized to make up for a loan default, but the ed-tech titan claimed its agreement with lenders did not explicitly proscribe movement of funds.

Byju’s hid $533 mn in obscure hedge fund, say lenders; firm says not proscribed to move funds

September 13, 2023 15:09 IST

Byju's US-based subsidiary Alpha Inc transferred more than half a billion dollars to Camshaft Capital Fund in 2022, Bloomberg reported, citing a lawsuit in US court.

Zepto becomes India’s first unicorn in nearly a year in new funding round

August 25, 2023 15:24 IST

Zepto said on Friday it has raised $200 million in fresh funding at a valuation of $1.4 billion, making it the first startup in the country to cross the billion-dollar valuation mark in nearly a year.

Sustainable products should not be luxury, but rather a choice available to everyone: Kikgerm founder Divya AroraSubscriber Only

August 24, 2023 21:05 IST

Cost should not be a deterrent for people to make more conscious choices and live a better life, said Divya Arora in a chat on the sidelines of the the D2C Insider Women Summit in New Delhi.

Unilever’s venture capital arm invests in What’s Up Wellness

August 9, 2023 13:27 IST

The funding round also saw participation from a few of What's Up Wellness' existing investors, it said.

BYJU’S sends legal notice to Aakash founders demanding share transfer

August 1, 2023 18:01 IST

In 2021, BYJU'S acquired 33-year-old brick-and-mortar coaching centre AESL for nearly $40 million in a cash and stock deal.

Prosus NV says Byju’s ‘regularly disregarded’ former director’s advice

July 25, 2023 12:38 IST

Prosus, which this year slashed its valuation of Byju's to $5.1 billion from $22 billion last year, said the decision for its director to step down from Byju's board last month was mainly because he was "unable to fulfil his fiduciary duty to serve the long-term interests of the Company and its stakeholders."

Byju’s, creditors agree to amend $1.2 billion loan terms

July 24, 2023 16:29 IST

Byju's and its lenders, who own more than 85% of the edtech startup's $1.2 billion term loan, have agreed to work towards amending that loan by August 3, the steering committee of the creditors group said on Monday.

Byju’s downsizes Bengaluru office space to cut costs, ramp-up liquidity

July 24, 2023 15:57 IST

The move comes as Byju's has already let go of thousands of employees this year, while grappling with multiple legal and financial woes.

online gaming, online gaming start-ups, Goods and Service Tax (GST), GST levy, Business news, Indian express, Current Affairs

Gaming start-ups ping Centre to reconsider uniform 28% GST levy

July 16, 2023 00:18 IST

Taxing online gaming to the point of “unviability,” contradicts the Prime Minister’s vision to be a leader in the online gaming space, the letter, which was signed by Mobile Premier League, Winzo, and industry associations representing companies like Dream11, among others said.