Startups: News

27 Dec 2022

Fintech

Fintech 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 Group

SoftBank'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

Myntra

Fashion 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 Global

Tiger 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.

Disgraced 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.

08 Nov 2022

Forbes

3 Indians feature in Forbes Asia's 2022 Power Businesswomen list

International business magazine Forbes on Monday released its list of 2022's most powerful businesswomen in the Asia-Pacific region, featuring three Indians among the top 20 entrepreneurs.

This 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

India

Winter 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

Chennai

Chennai-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 Change

IIT 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

Airlift, 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.

06 Jul 2022

PhonePe

Indian start-ups that are hiring despite layoff season

Winter has arrived early for India's start-ups. Lack of funding has forced the country's start-ups to layoff over 11,000 people so far.

16 Jun 2022

Paytm

Which IITs, IIMs have churned out most Indian unicorn founders?

India recently achieved the milestone of 100 unicorns.

07 Jun 2022

Unicorn

Physics 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

Business

Bengaluru-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 Grover

BharatPe 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 Bank

BharatPe 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 Bank

Ashneer 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.

Theranos'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

Chennai

Short 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

SpaceX

American 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-commerce

How 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

Lifestyle

A 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

Sustainability

How 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

Unicorn

CarDekho 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

Technology

How 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

Fintech

Kunal 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

Business

Leher, 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.

23 Jul 2021

Zomato

Zomato makes stellar stock market debut; lists at 53% premium

Shares of food delivery giant Zomato Friday made a stellar debut on stock markets as the company created history by becoming the first Indian unicorn to go public.

22 Jul 2021

Inspirational

How 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

Clubhouse

Vikas 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-commerce

Here'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

Coronavirus

Pune-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

Tata

Tata 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.

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