Global investors were still positive about the Indian startup ecosystem despite the global slowdown, as per the report titled 'Startup Tracker-CY 22'.
The TCS chief added the government has also been 'quite supportive' of the sector, through the pandemic, and in various FTA (Free trade agreement) negotiations.
The startup had in August let go of about 100 employees after a performance review, which the company said was an annual exercise
upGrad will not be replacing Mohan and Mayank Kumar, co-founder and managing director of upGrad will be taking over Mohan's responsibilities, according to a person with direct knowledge of the matter.
The latest round of layoffs and Relevel's move to shut down its core business further highlights the predicament of the job guarantee vertical, which was struggling since August last year
A payment aggregator provides payment services to merchants and e-commerce sites by accepting payment instruments from customers. They pool the funds received from customers and transfer them to merchants after a certain time.
In December 2022, the total BNPL throughput crossed $100 million at Actyv. The company claims to have partnered with more than 20 leading financial institutions
The custom-build homes platform will use the funds to enhance its tech stack and strengthen the leadership team. Brick&Bolt is also looking to expand to more than 12 cities over the next 15 months
In a candid interview with Moneycontrol, KreditBee co-founder and CEO Madhusudan Ekambaram said that he intends to take the company public in three years. He also shared the rationale behind raising funds and provided an overview of the company's revenue and profit numbers.
The creditors have until Tuesday to sign a forbearance agreement, which will give the company time till Feb. 10 to negotiate broader terms on the term loan, the people said, asking not to be identified as the information isn’t public.
Aimed at encourage entrepreneurship and innovation, the Startup India Innovation Week will conclude on the National Startup Day on January 16
This comes as B2C K-12 online edtech startups in India have been suffering post-pandemic with demand falling, while those operating in the B2B edtech segments witnessed tailwinds of growth with schools more open to adopting innovation.
The announcement comes after Avataar launched its latest fund with a target size of $350 million in October last year to focus on global SaaS and B2B tech
Zerodha reported a consolidated net profit of Rs 2,094 crore in FY22, up 87 percent from Rs 1,122 crore in FY21 (2020-21). The company's operating revenue surged 82 percent to Rs 4,963 crore in FY22 from a year earlier
Macroeconomic conditions may slow two-wheeler demand but EV growth will continue to soar, says Mehta, adding that Ather won't fire three bullets to get one right but spend time to perfect its products one at a time.
Virohan will use the funds to expand to more than 200 new campuses across India and is aiming to train over 7,000 students
This comes at a time when the agritech sector has seen funding pouring in on the back of investors' optimism in the nascent sector’s potential to grow on rising demand for quality food post-pandemic, supported by macro tailwinds like climate change and food security concerns.
Dutch entrepreneur Marco Snikkers aims to solve that problem with an avocado scanner unveiled this week at the CES tech show in Las Vegas and designed for use in supermarkets.
The acquisition comes days after the school edtech unicorn reported a net loss of Rs 397.1 crore in FY22, which was more than triple of its losses in the previous fiscal
Having been severely hit by the pandemic, Bounce pivoted to making EVs, Bounce Infinity, while slowing down the bike rental operation
The new funds will be used for scaling KreditBee's existing business and diversifying its product offerings by venturing into digitally enabled financial products
FPL Technologies Pvt, which operates the credit-card platform, reported a revenue of Rs 97.9 crore in FY22 against Rs 16.4 crore in FY21 (2020-21). The company’s net loss, however, widened to Rs 182.8 crore in FY22 from Rs 33.2 crore in FY21 (2020-21), thanks to a massive rise in its marketing expenses
The IPO consists of a fresh issue of Rs 202.50 crore and an offer for sale of upto 5.70 million shares by its existing shareholders and promoters.
While the Karnataka High Court fixed a temporary rate of 10 percent over and above the ride cost, after several meetings with various stakeholders the Karnataka transport department proposed it to be set at 5 percent