Startups: News
16 Jun 2023
MetaverseEverything about Bharatmeta, India's own metaverse platform
Imagine an Indian version of the metaverse. What would that look like?
02 Jun 2023
E-commerceMeesho becomes fastest shopping app to cross 500 million downloads
Indian e-commerce start-up Meesho has achieved a significant milestone in downloads. The shopping app now has over 500 million combined downloads across Google Play and iOS App Store.
01 Jun 2023
BYJU'SBYJU'S creditors stop $1.2 billion loan restructuring talks: Here's why
BYJU'S, India's most valuable start-up, cannot seem to catch a break. Earlier this week, asset management company (AMC) Blackrock cut the edtech major's valuation by 62% year-over-year.
27 Apr 2023
IndiaIndian start-ups fired 9,400 employees in January-March quarter: Here's why
The slowdown that affected the tech sector sometime last year is yet to go away. While the tech giants are showing signs of improvement, start-ups are still in trouble.
24 Apr 2023
SingaporeZilingo's ex-CEO Ankiti Bose files $100M defamation suit: Here's why
The tale of Singapore-based fashion start-up Zilingo and its India-born co-founder Ankiti Bose is one of caution. From being valued at $1 billion to liquidation, the start-up's fall was swift.
18 Apr 2023
IndiaHurun Unicorn Index 2023: How India fares against US, China
The number of unicorns a country has produced is a testament to that country's robust start-up ecosystem. India has done pretty well in the department over the years.
06 Apr 2023
GoogleDunzo's bumpy road to profitability: From layoffs to fresh capital
Dunzo is one of the major players in India's quick commerce segment. The Google and Reliance-backed company has grown multi-fold over the last couple of years.
05 Apr 2023
IndiaRs. 8,000 ticket, Musk as guest: Start-up event scams people
A start-up of scamming young entrepreneurs?
27 Mar 2023
Initial Public Offering (IPO)IPO withdrawal rumors are 'unfounded' and 'baseless': Mamaearth's CEO
Indian skincare company Mamaearth has dismissed rumors about its IPO withdrawal. Varun Alagh, the company's CEO, called the reports claiming Mamaearth's decision to postpone its IPO "baseless" and "unfounded."
27 Mar 2023
FinanceCrisis-hit Silicon Valley Bank acquired by First Citizens bank
The crash of Silicon Valley Bank (SVB) had sent shockwaves across the world. In the latest development, First Citizens Bank has agreed to buy the embattled start-up lender.
17 Mar 2023
HawaiiSilicon Valley Bank's ex-CEO in Hawaii amid bankruptcy protection application
Silicon Valley Bank (SVB) was a key player in the start-up ecosystem for three decades. On March 10, the bank collapsed following its failure to raise capital.
16 Mar 2023
Ryan ReynoldsFrom Ryan Reynolds to Priyanka Chopra: Actors turned successful investors
Hollywood star Ryan Reynolds has secured a big payday, courtesy of his minority stake in budget wireless provider Mint Mobile. Telecom giant T-Mobile has acquired the company in a $1.35 billion deal.
14 Mar 2023
BusinessY Combinator cuts funding in a blow to late-stage start-ups
The start-up world is reeling from blow after blow. Funding winter, Silicon Valley Bank's (SVB) collapse, and now Y Combinator's (YC) decision to cut down late-stage funding-things are looking quite bleak.
13 Mar 2023
United States of AmericaSilicon Valley Bank depositors can access money from today
The collapse of Silicon Valley Bank has rocked the US banking system.
11 Mar 2023
United States of AmericaSilicon Valley Bank collapses leaving start-up ecosystem in chaos
The start-up ecosystem has to brace for some tough times ahead.
10 Mar 2023
FinanceWhat does Silicon Valley Bank's fall mean to start-up ecosystem
An attempt to raise capital gone terribly wrong - that is the simplest way to put Silicon Valley Bank's (SVB) current situation.
27 Feb 2023
Women-oriented EnterprisesInspiring stories of 5 successful women entrepreneurs in India
Women in India are today chartering the unknown territories of the once male-dominated business world unabashedly and fearlessly, making a difference with their ideas.
20 Feb 2023
EnvironmentCarbon Maps raises $4mn to reduce food industry's environmental impact
Food production has a huge environmental impact. More than a third of greenhouse gas emissions caused by humans can be linked to food.
31 Jan 2023
WorkplaceInMobi's Piyush Shah shares mantra for entrepreneurial success and longevity
Business honchos face a host of challenges that hinder their brainchild's way to success.
28 Jan 2023
BharatPeBharatPe paid founder Ashneer Grover Rs. 1.7 crore in FY22
The pay packages of BharatPe's top brass in FY22 are now out.
25 Jan 2023
GoogleTwo ShareChat founders step down soon after layoffs: Here's why
A week after it laid off 20% of its workforce, Google and Twitter-backed ShareChat has made the headlines again. Farid Ahsan and Bhanu Pratap Singh, two of the company's co-founders, have stepped down from active roles.
20 Jan 2023
SwiggySwiggy fires 380 employees amid 'challenging economic conditions'
Food and grocery delivery platform Swiggy has become the latest of India's start-ups to fire employees. In a bid to rationalize its business amid ongoing funding winter, the company has laid off 380 staffers.
18 Jan 2023
Indian StartupsGoMechanic fires 70% of its workforce; financial books under scanner
Automobile after-sales service start-up GoMechanic has fired roughly 70% of its workforce or around 500 employees.
17 Jan 2023
Artificial Intelligence and Machine LearningMeet Beatoven.ai, the AI that can create original, royalty-free music
Content creators rely heavily on music to make their content appealing. However, they are often faced with the copyright hurdle in finding the appropriate music, making content curation a backbreaking process.
16 Jan 2023
DelhiMA English degree holder becomes tea-seller in Delhi; netizens react
We all have been encouraged to follow our dreams and carve our own paths, society's divisive reactions notwithstanding.
16 Jan 2023
GoogleIndian start-up, backed by Twitter and Google, fires 20% workforce
A month after it fired over 100 employees, Indian social media app ShareChat has now laid off 20% of its workforce.
13 Jan 2023
OlaOla fires 200 employees as part of a restructuring exercise
Bengaluru-based ride-sharing company Ola is the latest to be hit by the layoff bug. Per Inc42, the company has laid off around 200 employees from some of its verticals.
11 Jan 2023
Ashneer GroverAshneer Grover is hiring for Third Unicorn; "MERCEDES-SHERCEDES" for employees
Ashneer Grover, the co-founder of BharatPe, has revealed certain details about his new start-up called Third Unicorn.
03 Jan 2023
Shark Tank IndiaShark Tank participant STAGE raises Rs.40 crore in Series A
STAGE, a participant in season two of Shark Tank India, has raised Rs. 40 crore in its Series A funding round. The Indore-based OTT platform was founded by Vinay Singhal, Shashank Vaishnav, and Parveen Singhal.
27 Dec 2022
FintechFintech Money View valued at $900mn in latest funding round
Amid the slump in start-up funding, Indian fintech firm Money View has raised $75 million in its Series E funding round. In the round led by Apis Partners, the Bengaluru-based company was valued at $900 million.
20 Dec 2022
SoftBank GroupSoftBank's investment in India falls 84% to $500mn in 2022
SoftBank Group has been a major contributor to the growth of India's tech start-up scene. The company has, however, cut its investments in the country by a whopping 84% year-over-year in 2022.
17 Dec 2022
MyntraFashion tech start-up Virgio raises $37 million amid funding winter
At a time when the start-up ecosystem is affected by the funding winter, former Myntra CEO Amar Nagaram's fashion start-up Virgio has bagged big money.
14 Dec 2022
Tiger GlobalTiger Global Management's investment in India falls by 70%
It's been a tough year for Indian start-ups. After a year that saw a breakneck pace of investing, funding has dried up this time.
18 Nov 2022
United States of AmericaDisgraced Theranos founder Elizabeth Holmes seeks leniency ahead of sentencing
Elizabeth Holmes, the disgraced former CEO of Theranos, is set to be sentenced on Friday after being found guilty of defrauding investors.
28 Oct 2022
Science and TechnologyThis biotech unicorn is working hard to reverse your age
Altos Labs, a biotech start-up based in Silicon Valley, is hard at work to undo the effects of aging. It has received a whopping $3 billion as its seed fund.
13 Oct 2022
IndiaWinter is here for start-ups and it's not going away
We have been hearing about India's tough start-up landscape. Now, we have figures to support that.
03 Oct 2022
ChennaiChennai-based MagGenome's DNA extraction technology could be a game-changing solution
A start-up based in Chennai, named MagGenome Technologies Pvt. Ltd., has presented an uncomplicated technique of DNA extraction by making use of magnetic nanoparticles.
29 Aug 2022
Climate ChangeIIT Madras launches innovation contest for sustainable startups
The Indian Institute of Technology Madras (IIT-M) has recently launched the third edition of the Carbon Zero Challenge (CZC), an all-India eco-innovation and entrepreneurship competition.
14 Jul 2022
Pakistan NewsAirlift, Pakistan's most-valued start-up, to cease operation as funding dries
In a huge blow to Pakistan's start-up ecosystem, Airlift, the country's highest-valued start-up, has announced a complete shutdown of its operations.
07 Jun 2022
UnicornPhysics Wallah raises $100 million; becomes India's 101st unicorn
Noida-based ed-tech start-up Physics Wallah has joined the coveted unicorn club in India.
07 May 2022
BusinessBengaluru-based Wakefit announces 30-minute 'Right to Nap' for employees
Bengaluru-based Wakefit Solutions has been in the business of sleep for six years. The company has now taken things up a notch by introducing what they call the "Right to Nap."
02 Mar 2022
Ashneer GroverBharatPe accuses Ashneer Grover, family of fraud; strips 'founder' title
Fintech unicorn BharatPe has accused co-founder Ashneer Grover and his family of "extensive misappropriation of company funds."
23 Feb 2022
Kotak Mahindra BankBharatPe fires co-founder Ashneer Grover's wife Madhuri Jain: Report
Fintech company BharatPe has sacked Madhuri Jain—the company's controller and co-founder Ashneer Grover's wife—based on charges of misappropriation of funds, The Economic Times reported on Wednesday.
05 Feb 2022
Kotak Mahindra BankAshneer Grover demands Rs. 4,000cr to leave BharatPe amid probe
BharatPe co-founder Ashneer Grover has reportedly demanded Rs. 4,000 crore from investors if they want him to leave the company.
01 Feb 2022
Drones#Budget2022: Everything you should know about Centre's 'Drone Shakti' initiative
Presenting the Union Budget 2022 on Tuesday, Finance Minister Nirmala Sitharaman announced the "Drone Shakti" project to promote startups in the country.
04 Jan 2022
United States of AmericaTheranos's Elizabeth Holmes found guilty on four charges of fraud
Elizabeth Holmes, the founder of failed blood-testing start-up Theranos, was found guilty on four of the 11 federal charges on Monday.
03 Jan 2022
ChennaiShort film streaming platform Shortflix gets Series A funding
Chennai-based OTT platform Shortflix has reportedly collaborated with a leading media firm for raising Series A funding.
28 Nov 2021
Narendra Modi#MannKiBaat: Want to serve people, not seek power, says Modi
Prime Minister Narendra Modi on Sunday addressed the 83rd edition of his monthly radio show Mann ki Baat.
21 Nov 2021
SpaceXAmerican start-up Astra successfully reaches orbit with latest rocket launch
California Bay Area start-up Astra, on November 20, joined the big league of private companies that have successfully put spacecraft in space.
09 Nov 2021
E-commerceHow this woman entrepreneur helps small retailers run online stores
Helping tie various elements of a growing e-commerce business together, Mason is a no-code Software as a Service (SaaS) platform that businesses need to ensure the customer-facing storefront always stays shipshape.
25 Oct 2021
LifestyleA few tips on how to grow a small business
Every business comes with its own ups and downs. But celebrating the ups and working on the downs help in making the business a success story.
08 Nov 2021
SustainabilityHow Nitin Gupta's Attero Recycling is catalyzing e-waste recycling
Attero Recycling is India's largest electronic waste (e-waste) and Lithium-ion battery recycling company co-founded by brothers Rohan Gupta and IIT-Delhi alumnus Nitin Gupta.
14 Oct 2021
UnicornCarDekho turns unicorn with $250mn pre-IPO funding led by LeapFrog
Aiming to capture a larger share in India's used car retail space, Jaipur-based CarDekho has raised $250 million, including $200 million in equity and $50 million as debt, in its latest pre-IPO funding round.
12 Oct 2021
EdTech#NewsBytesExclusive: How Amit Bansal's WizKlub is accelerating skill-based learning
When seven out of every 10 children would do jobs that don't exist yet, what should children learn today to succeed tomorrow?
23 Sep 2021
Freshworks Inc.Indian SaaS start-up Freshworks lists on Nasdaq following billion-dollar IPO
Chennai and San Mateo-based software-as-a-service (SaaS) company Freshworks Inc. made its debut on Nasdaq after an initial public offering (IPO) worth over $1 billion.
13 Sep 2021
TechnologyHow Taranjeet Singh's AgNext Technologies is revolutionizing food value chains
India is an emerging technology hub and an established agrarian economy. At the intersection of these worlds, Taranjeet Singh Bhamra is redefining horizons for agriculturists and technocrats alike with his leading agritech start-up AgNext Technologies.
20 Aug 2021
FintechKunal Shah's fintech start-up CRED launches P2P lending platform 'Mint'
Bengaluru-based fintech platform CRED Friday announced the launch of a peer-to-peer (P2P) lending product called Mint on its platform that will help its 7.5 million users benefit more from the service.
13 Aug 2021
Fraud Cases#NewsBytesExclusive: How the Russian start-up JuicyScore strategizes credit fraud prevention
With a presence in over 20 countries in just five years of starting-up, JuicyScore is a sophisticated risk management and fraud prevention solution for financial institutions.
02 Aug 2021
Unacademy#FundingAlert: Unacademy raises $440 million, now valued at $3.4 billion
The ed-tech industry in India continues to boom amid the raging pandemic. And, now ed-tech start-up Unacademy has successfully raised $440 million in a new funding round led by Singapore's state-run Temasek Holdings.
30 Jul 2021
BusinessLeher, IIM Bangalore's SIGMA club collaborate for product management competition
We are at a watershed moment in the social media industry where audio-based real-time interaction platforms have caught on and are witnessing a boom.
22 Jul 2021
InspirationalHow Ajay Lakhotia's gamified stock trading app helps potential investors
Armed with years of experience garnered at reputed venture capital (VC) firms, Ajay Lakhotia observed that commoners and even those who've studied finance are baffled by jargon traders use. Plus, they are afraid to lose money trading stocks.
07 Jul 2021
ClubhouseVikas Malpani's journey spearheading community-first audio-video social media app Leher
While the world is fanboying over Clubhouse and its Big Tech clones, Bengaluru-based serial entrepreneur Vikas Malpani has been at it since 2018, shaping Leher to become a world-class audio-video-based social network that revolves around communities and their interests.
04 Jul 2021
E-commerceHere's how Mighty is empowering children through e-commerce and entrepreneurship
Just when you thought that e-commerce is at its pinnacle, a Los Angeles-based start-up called Mighty is here to take it up a notch.
14 Jun 2021
CoronavirusPune-based start-up develops mask that inactivates novel coronavirus
A Pune-based start-up has integrated 3D printing and pharmaceuticals to develop a mask that inactivates viral particles of COVID-19 infection that come in contact with it, the Department of Science and Technology said on Monday.
10 Jun 2021
TataTata Digital acquires 1mg to enter health and wellness space
After months of speculation, Tata Digital finally announced on Thursday that it will be acquiring a major stake in 1mg. It remains tight-lipped about the financial aspects of the acquisition, but this is a part of the company's overarching strategy to create a formidable digital ecosystem.
26 May 2021
Twitter India#FundingAlert: Koo's valuation crosses $100 million mark amid fresh investment
India's homegrown Twitter rival Koo has raised $30 million (approximately Rs. 218 crore) in a Series-B funding round led by Tiger Global. Existing investors have also participated in the round.
28 Apr 2021
ZomatoKey takeaways from Zomato's Rs. 8,250 crore-worth IPO
Food delivery platform Zomato Ltd filed its Draft Red Herring Prospectus (DRHP) with Securities and Exchange Board of India (SEBI), heralding its Initial Public Offering (IPO) amounting to Rs. 8,250 crore.