Startups

CRED, upGrad & Groww top start-ups list in India for this year

September 28, 2022 12:17:44 pm

Topping this year's list is unified payments interface CRED. Valued at USD 6.4 billion, this young start-up maintained its podium position on the LinkedIn Top Startups list, moving from the third spot in 2021 to number one in 2022.

Lido Learning, Lido Learning insolvency, start-up, Insolvency and Bankruptcy Code, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

Six months after it shut ops, Lido Learning files for insolvency

September 11, 2022 1:05:17 am

The edtech start-up is backed by high-profile investors, including Upgrad founder Ronnie Screwvala, Paytm CEO Vijay Shekhar Sharma, and Shaadi.com's Anupam Mittal, among others.

Rajeev Chandrasekhar, Meta, Twitter, Google, Social media, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

Open to self-regulatory body; want to see diversity, start-ups: Rajeev Chandrasekhar

August 15, 2022 6:28:26 am

He also said that the self-regulatory body cannot be “dominated by the Big Tech”, and should have equal representation from smaller start-ups.

How a celebrity CEO’s rule of fear helped bring down hot startup Zilingo

August 4, 2022 10:12:52 pm

The Zilingo meltdown has rattled the tech industry in Southeast Asia and beyond. The startup had raised more than $300 million from some of the region’s most prominent investors, including Temasek Holdings Pte and Sequoia Capital India, the regional arm of the Silicon Valley firm that backed Apple Inc. and Google.

Zypp partners with Zepto to make deliveries carbon neutral

July 18, 2022 6:36:44 pm

The 10-minute delivery service provider said it is actively working towards transitioning the last-mile logistics in the country to 100 per cent electric

Data Protection Bill, Startup India, start-ups, Ministry of Electronics and Information Technology, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

As start-ups complain, Govt looks to ease data localisation norms

July 28, 2022 2:37:14 pm

Under the draft Bill, entities dealing with users’ personal data are mandated to store a copy of such data within India and the export of undefined “critical” personal data is prohibited.

Indian skincare startup Mamaearth eyes $3 bln valuation in 2023 IPO: Report

June 22, 2022 4:28:45 pm

In talks to raise at least $300 million for a projected IPO next year, Indian skincare startup Mamaearth is aiming for a valuation of about $3 billion - 10-12 times forward revenue. In January of this year, the company's final valuation was $1.2 billion.

venture capital funds, venture capital fund, venture capitalists, ed-tech, e-commerce, financial technology, real estate and home furnishing, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

VCs shrink budgets: Startups restructure operations, hand pink slips to over 5K staff in ’22

April 29, 2022 3:26:45 pm

Startups from across the board ranging from industries like ed-tech, e-commerce, financial technology, real estate and home furnishing are among those that have laid off employees.

Unacademy, Softbank, downsizing, pink slips, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

Post ‘assessments’, Unacademy hands pink slips to about 600 staff, educators

April 8, 2022 5:53:29 am

The startup has around 6,000 employees, with the downsizing round impacting close to 10 per cent of its workforce.

Amazon investors, tax disclosures, Financial Times shareholder resolution, US Securities and Exchange Commission tax, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

$137 mn fundraise: CredAvenue turns 11th unicorn of 2022

March 7, 2022 3:57:51 am

The round was led by Insight Partners, B Capital Group and Dragoneer Investment Group, and propelled the startup’s valuation to $1.3 billion from $410 million in September, making it India’s fastest fintech unicorn

Indian startups, Nasscom report, Nasscom, National Association of Software and Service Companies, Indian startups news, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

‘Indian startups raised $24 billion; 42 unicorns last year’

January 22, 2022 3:03:33 am

🔴 Over 2,250 startups were added in 2021, over 600 more than the previous year. it added. While 11 startups in 2021 took the IPO route to raise money from the markets, Nasscom expects at least 16 startups to take the IPO route to raise money in 2022.

india-australia trade, Piyush Goyal, free trade agreement FTA, bilateral goods trade, business news, indian express, current affairs

Startups can play important role to socialise, democratise availability of healthcare: Piyush Goyal

January 10, 2022 3:17:14 pm

The minister said that venture capitalists and financers can also play a key role in mentoring young startups across the country particularly in Tier 2 and 3 towns.

Funding blitz: Four startups raise over $1.2 billion from new, existing investors

December 21, 2021 4:40:27 am

Notably, three of these companies — Razorpay, OfBusiness and Bizongo — saw New York-based Tiger Global Management participating in the funding round.

Byju's, Byju's IPO, SPAC Deals, Byju's SPAC deal, Byju's deals, Byju's news

Byju’s in talks to go public via SPAC deal: Report

December 16, 2021 5:19:03 pm

Under the preliminary terms discussed, Byju’s would raise a total of about $4 billion and seek a valuation of about $48 billion, the people said. The startup was valued at $21 billion, according to market research firm CB Insights.

Electric scooter startup Simple Energy to invest up to $330 million in new plants

December 8, 2021 2:08:20 pm

Simple Energy plans to buy 600 acres for the new facility, complete with an R&D center and testing facility.

BP leads $25 million funding round in EV ride-hailing start-up BluSmart

September 30, 2021 2:12:17 pm

To date, BP Ventures has invested almost USD 800 million in more than 60 companies across seven geographies.

To develop ‘ecosystem’ for startups, accelerators, IT Min forms committee

September 6, 2021 12:44:27 am

The implementation of the scheme, which was announced on August 25, will be overseen by the 10-member team that will also have four representatives from the industry, a senior Ministry official said, adding that a representative from the Startup India programme will also be in the panel.

Amazon, Elon Musk, SpaceX, Musk, Amazon FCC spat, Amazon FCC spat with Elon Musk, Space X news, Elon Musk news,

Elon Musk’s Neuralink raises over $200 million from Google Ventures, others

July 30, 2021 11:13:45 am

Neuralink aims to implant wireless brain computer chips to help cure neurological conditions including Alzheimer's, dementia and spinal cord injuries and fuse humankind with artificial intelligence.

Byju’s list of aquisitions: Great Learning, Epic, Aakash Educational Services, WhiteHat Jr and more

July 27, 2021 6:12:42 pm

From WhiteHat Jr to Great Learning: We look at Byju's major purchases in the recent past.

Why India is missing its vaccine targets

HealthifyMe acqui-hires Under45, launches vaccination slot bookings

July 6, 2021 12:38:13 pm

"Now, one can also book their slots directly from HealthifyMe, which has registered itself as an Application Service Provider (ASP) with CoWin. To supercharge efforts on its vaccination slot booking initiative, HealthifyMe has also acqui-hired the Under45 team," a statement said.