Startups

The Chennai-based startup provides robotic solutions for the sanitation industry, such as robots for cleaning septic tank cleaning and pipeline detection. The founders walked away with an investment of ₹90 lakh for 3% equity from sharks Anupam Mittal and Peyush Bansal. The startup won the award for the Best on Campus category at ET Startups Awards 2022.

Phonepe is the latest Indian decacorn – Here’s all about firms valued at $10bn...

Pune-based climate-tech startup Ecozen on Tuesday raised $25 million in equity and debt capital in its Series C round, as it looks beyond agriculture to expand into new deep-tech fields worldwide.

The startup claims to help all parties involved in a property transaction to engage, communicate, and close deals. It collec...

Alongside having their own businesses, Bollywood celebrities are also placing big bets in the startup ecosystem. From Priyan...

Swiggy is a foodtech startup that is firing 380 employees as part of a restructuring exercise. The employees who have been laid off will receive a minimum three months of pay. The payout will differ for employees – and can vary between three to six months pay, depending on the employee’s tenure and grade.

The round was co-led by 3One4 Capital, Accel and General Catalyst with participation from FounderBank Capital and Supermorph...

Fintech startups in India raised $5.65 billion in 390 rounds last year, a massive drop of 47 per cent in terms of funding amount and 29 per cent in the number of rounds when compared with 2021, a report showed on Thursday.

Automobile after-sales service startup GoMechanic co-founder Amit Bhasin on Wednesday admitted to errors in financial reporting, following which a forensic audit has been ordered and a business restructuring undertaken which will see 70 per cent of the 1,000-odd workforce being laid off.

B2B e-commerce platform Udaan sold over 1.7 billion products across 22 million orders in 2022. The company said that it is witnessing good growth acr...

More unicorns are turning a profit, with Molbio Diagnostics topping the charts with a profit of $46.8 million. The onset of funding winter has pushed more startups to generate profits instead of just burning cash - 17% of 2022's unicorns are profitable, while the overall average for all unicorns till date stands at 15%. The newly-minted unicorns of 2022 also account for over a third of the total net profit reported by all the 13 profitable unicorns.

Logistics startup Locad on Monday said it has raised $11 million in a Series A funding round to expand its supply chain platform. The round was led by Reefknot Investments, a fund anchored by Temasek and logistics firm Kuehne & Nagel.

Among the many novel products and unique ventures that made it to Shark Tank India Season 2 was Coezy Sleep. It’s a startup that sells a sleep apparel that swaddles its users with a unique 360-degree compression technique. The startup calls its product a sleep quality enhancer.

Shark Tank participant Preety Maggo pitched her unique startup that makes jewellery that can preserve human DNA in the form ...

Bobby Balachandran of Exterro Inc led the pre-series A funding round that also saw participation from influencers Bhuvan Bam, Ranveer Allahbadia (Beer Biceps), Praful Billore (MBA Chaiwala), Arvind Arora (A2).

Kolkata-based GunjanApps Studios develops educational games for kids aged between 1.5-12 years.In FY22, it clocked revenue of ₹24 crore and a net profit of ₹15 crore. The founders asked for an investment of ₹2.5 crore for 1% equity. None of the judges extended an offer as a few of them believed that the product wasn’t innovative but rather ‘addictive’ in nature.

Ashneer Grover promises Mercedes to employees who can stick with him for 5 years...

Peepul Tree, a live-commerce platform connecting India’s artisans to global consumers, has raised $6 million in a seed funding led by Elevar Equity. Peepul Tree aims to enable the discovery of India’s cultural heritage with immersive shoppable stories and experiences.

Bengaluru-based gaming startup Giga Fun Studios on Wednesday said it has raised $2.4 million in a seed round led by Lumikai, India’s gaming and interactive media focused VC fund, and consumer specialists Fireside Ventures.

In 2022, funding activity slowed down, but inflows into early stage startups went up 12%. Funding to almost all sectors declined, with the exception of SaaS and media and entertainment. Globally, VCs are sitting on dry powder to the tune of $590 billion.

BharatPe gets in-principle nod from RBI to operate as an online payment aggregator.The final authorization is subject to fulfillment of certain conditions. This in-principle approval will help catapult our expansion plans, BharatPe said.

Agritech company Cropin on Monday said it has raised Rs 113 crore in funding from new investors Google and JSR Corporation, as well as existing investors ABC Impact and Chiratae Ventures.