Startups

According to Business Insider’s calculations, Indian startups have let go of over 8,139 employees. This also includes the 3,000 employees Better.com l...

Indian startups are leaving quite a mark when it comes to raising capital and increasing their valuation. Indian startups mop...

Things are not as bright for the Indian startup ecosystem as they were last year. The segment which thrived during the pandemic is now facing the brunt of the Russia-Ukraine war, leading to a slowdown in their capital raising ability. According to the latest report by IVCA-EV, Indian startups raised only $1.6 billion in April 2022.

With an aim to leave behind the Ashneer Grover controversy and bring business on track, fintech platform BharatPe on Thursday launched an investment platform for its merchant partners. In the first phase, the company is going live with peer-to-peer (P2P) investments and bank-deposit products with its partners on the platform.

Vedantu — an edtech company that competes with Byju’s and Unacademy — has laid off 424 employees, the company said on Wednesday (May 18). These 424 employees represent 7% of the company’s workforce of 5,900. Its rival Unacademy has been trimming its workforce since February 2022 in order to turn profitable by the end of this year.

Edtech major Unacademy is going offline by launching Unacademy Centers across nine cities. This is the second online edech major to choose this route after Byju’s-owned Aakash Institute. Like Aakash, Unacademy would also focus on NEET UG, IIT JEE and foundation courses for IX to XII grade students. It intends to open its first Unacademy center next month in the country’s coaching class hub Kota, Rajasthan.

• The competition in the Indian quick commerce sector has been toughening up since last year.
• Grofers rebranded i

...

Nazar Yasin of Rise Capital believes that the huge market correction in startup valuations, a global phenomenon, is actually...

Here are the top most valuable startups in India....

Online food delivery platform Swiggy on Friday announced it has acquired Dineout, a dining out and restaurant tech platform,...

Video chat app Zoom is acquiring Solvvy, a conversational AI and automation platform for customer support, for an undisclosed sum, the company said on Friday, May 13, 2022 . The company, which recently launched Zoom Contact Centre, said the acquisition will help them redefine contact centre category with unified communications.

Japanese investment giant SoftBank on Thursday reported a huge net loss of 1.708 trillion yen ($13.14 billion) for the year ending March 31, saying that it would be forced to cut startup funding by more than half this year. The conglomerate also reported its biggest-ever quarterly net loss, 2.1 trillion yen ($16.2 billion) for the January-March quarter, reports Nikkei Asia.

Ola Electric has asked Balwant Singh, a customer who has accused the scooter maker of his son’s accident, to remove all negative posts against the company in the next 24 hours. The company has also asked Singh to refrain from making any “defamatory posts” against Ola Electric on social media.

Ride hailing giant Ola — run by ANI Technology — has been undergoing a series of high profile exits as it plans to take the public route by the end of this financial year. While the company has blamed some of these exits on “management restructuring”, the cause of others has been largely unknown.

E-commerce enablement platform GoKwik on Wednesday said it has raised $35 million led by Think Investments and RTP Global, and will use the funds to ...

Here are the most profitable startups in India in 2021-22....

India crossed a century of unicorns earlier this month, but the list also includes several startups losing millions of dollar...

Leading fintech platform BharatPe on Tuesday said it has initiated necessary action against the company's former founder Ashneer Grover to "claw back...

After opening up its digital bank to everyone last year, neobanking startup Jupiter is now looking to expand its business offering by foraying into lending as well as wealth management solutions for its existing customers. Jupiter is a digital banking startup that allows customers to set up their savings bank account with in-built money management features.

Leading omnichannel diagnostics platform Redcliffe Lifetech on Friday said it has raised $61 million led by LeapFrog Investments, and will expand its reach into tier 2, 3 and 4 cities across the country. The new funds will also be utilised to scale its platform and increase its product offerings to radiology, disease data profiling and lifestyle management, the company said in a statement.

Indian startups have raised $59.2 billion across 4,427 deals since April 2020, according to business intellige...

Quick commerce startup Zepto — founded by two 19-year-old Stanford dropouts nine months ago — is now valued at a whopping $900 million. The company, on Monday night, announced that it has raised $200 million. All key existing investors, including Nexus Venture Partners, Glade Brook Capital and Lachy Groom have also participated in Zepto’s latest Series D round.