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STARTUPS NEWS - Page 2
Zypp Electric aims to deploy 10,000 e-scooters in Bengaluru over next 2 months
May 2, 2023 12:37 IST
Electric mobility startup Zypp Electric announced its plan to deploy as many as 10,000 electric scooters in Bengaluru and said 2,000 e-scooters are already on roads.
Start-up funding: Lenders looking for separate liquidity window from RBISubscriber Only
April 24, 2023 10:08 IST
Start-ups facing liquidity crunch could get access to funds
PhysicsWallah to invest $10 mn in its school-integrated programme
April 21, 2023 16:08 IST
PhysicsWallah is planning to invest $10 million (about Rs 82 crore) in phases in its school-integrated programme Vidyapeeth School, which is currently available in 39 schools.
Funding for Indian startups falls 75% YoY in first quarter of 2023: Tracxn
April 11, 2023 14:45 IST
Funding for the Indian startups in the first quarter of the calendar year 2023 fell 75 per cent to $2.8 billion as compared to the same period in the previous year, a report by Tracxn said.
Byju’s in process to raise $700 million at flat valuation
April 4, 2023 16:14 IST
Byju's expects to close fundraising of about $250 million soon and finish the entire funding round in about two weeks, another source said.
Funding into healthtech companies falls 55% in 2022: Tracxn report
March 29, 2023 22:04 IST
While the sector gained investors' interest during the pandemic, it started witnessing a declining trend in funding from Q4 of FY2021, the report showed.
UpGrad raises Rs 300 cr in rights issue led by co-founder Ronnie Screwvala
March 29, 2023 13:27 IST
UpGrad co-founder Ronnie Screwvala contributed Rs 212 crore in the internal funding round.
Start-ups make a beeline for Gift City to move money after Silicon Valley Bank collapseSubscriber Only
March 16, 2023 07:53 IST
To restore confidence in the banking system, the US banking regulator on March 12 guaranteed that all SVB customers would have access to their money.
Start-up funding falls by 33% in CY22
January 12, 2023 08:09 IST
According to a PwC India report, early-stage funding grew by 12 per cent as compared to 2021, showing that despite the global slowdown, investors are still positive about the Indian start-up ecosystem.
Business as usual for startupsSubscriber Only
January 1, 2023 07:22 IST
Analysts view the decline more as a return to ‘normal’ levels that prevailed in pre-pandemic 2019. They expect the trend to maintain hereon, with funding activity in 2023 broadly remaining at 2022 levels.
Startups will attract significant foreign direct investments in 2023: DPIIT Secy
December 28, 2022 09:44 IST
Secretary in Department for Promotion of Industry and Internal Trade (DPIIT) Anurag Jain said India has the third largest startup ecosystem in the world and the way startups here are performing; soon the country will become a top ecosystem globally.
Success rate of startups in India relatively higher than rest of world: Piyush Goyal
December 14, 2022 14:38 IST
The number of recognised startups has increased from 452 in 2016 to 84,012 as on November 30, 2022, the minister said.
Data Protection Bill revision: Startups could be exempted from some provisionsSubscriber Only
November 18, 2022 04:19 IST
The Data Protection Board, an adjudicating body proposed to enforce the provisions of the Bill, will be incharge of categorising entities that could claim these exemptions after an assessment of the number of users and volume of personal data they process, among other factors, it is learnt.
Ola’s Bhavish Aggarwal doubles down on EVs to undercut MuskSubscriber Only
October 18, 2022 17:04 IST
Now, Aggarwal wants his Ola Electric Mobility Pvt Ltd to displace Elon Musk’s Tesla Inc and China’s BYD Co. as the industry leader for electric vehicles by carving out a niche in lower cost designs.
Ready to talk with startups to address their concerns and prevent them from moving out of India: FM Sitharaman
October 12, 2022 14:41 IST
Responding to another question, the finance minister said the Indian government is taking special efforts to encourage startups in the Northeast.
Credit guarantee scheme for startups notified; loans up to Rs 10 cr collateral-free
October 8, 2022 00:33 IST
Loans or debt facilities sanctioned to an eligible startup on or after October 6 can be covered under the scheme, the Department for Promotion of Industry and Internal Trade (DPIIT) said in a notification.
Govt notifies credit guarantee scheme for startups
October 7, 2022 12:50 IST
In a notification, the Department for Promotion of Industry and Internal Trade (DPIIT) said that loan/debt facilities sanctioned to an eligible borrower on or after October 6, would be eligible for coverage under the scheme.
CRED, upGrad & Groww top start-ups list in India for this year
September 28, 2022 12:17 IST
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.
Six months after it shut ops, Lido Learning files for insolvency
September 11, 2022 01:05 IST
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.
Open to self-regulatory body; want to see diversity, start-ups: Rajeev ChandrasekharSubscriber Only
August 15, 2022 06:28 IST
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 ZilingoSubscriber Only
August 4, 2022 22:12 IST
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 18:36 IST
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
As start-ups complain, Govt looks to ease data localisation normsSubscriber Only
July 28, 2022 14:37 IST
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 16:28 IST
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.
VCs shrink budgets: Startups restructure operations, hand pink slips to over 5K staff in ’22Subscriber Only
April 29, 2022 15:26 IST
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.
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