Startups

PE Investments in India Plunged Over 30% YoY in 2023: Investors Bet Big on Growth and Late-Stage Ventures

In 2023, Indian enterprises and startups encountered significant challenges in terms of investments and strategic business expansion, as revealed in PWC India's latest report titled "Deals at a Glance." The report paints a stark picture of a substantial decline...

Byju’s Is Racing Against Time: From Shining Star to Stinking Workplace

Byju's, India's once biggest ed-tech company, is on the verge of collapse. The company is currently grappling with a severe liquidity crisis, prompting a series of organizational shake-ups in recent months. This unfolding crisis extends far beyond the boardrooms,...

The Rise of Reverse Flipping: Why Indian Startups Are Choosing Bharat Over Global Headquarters?

In a significant strategic move, several of India's leading startups are considering relocating their parent companies back to their homeland. This shift, particularly prevalent in the burgeoning fintech sector, is poised to reshape the landscape of Indian startups on...

Financial Rollercoaster of India’s Tech Startups FY23: Top Gainers and Losers!

India is witnessing a steady rise in new startups each year, positioning the country as the fastest-growing hub for various sectors, including technology, e-commerce, retail, fintech, and quick grocery delivery. Although a significant number of Indian startups is yet...

Prosus Cuts Byju’s Valuation to Below $3 Billion, 86% Down from Its Peak of $22 Billion

The troubles for Byju's seem far from over! Byju's, once hailed as the most promising startup in India's edtech space, has constantly been in controversies surrounded by financial frauds, mounting losses, outstanding debt obligations, misleading advertisements and various other...

As Indian Startups Trim ESOP Expenses Paytm Takes Reserve Approach

Employee stock option (ESOP) programs are among the best ways to entice new talent or retain existing employees, particularly those driving startups toward billion-dollar success. Over the past decade, the popularity of granting ESOPs to employees has soared within...

Dunzo FY23: Rs 1,800 Cr Loss on the Path to Generate Rs 226 Cr Revenue

Dunzo, the quick commerce startup in India, has found itself in hot waters over the last couple of years. The latest financial result for the fiscal year 2023 has only added to its troubles. On the surface, there's reason...

India Tech Funding Winter: Q3 2023 Records Lowest Startup Funding with 54% YoY Drop

The Indian startup ecosystem continues to grapple with long-lasting funding winter, and there are no signs of thawing. Following a surge in tech funding in Q4 2022, tech startups have experienced a consistent decline in investment in all three...

Global VC Funding Reached $64.6 Billion Q3 2023: Unicorn Births Hit Record Low with Just 12

The global venture funding landscape experienced a notable rebound in Q3 2023, bringing a sense of relief to entrepreneurs and innovators. According to the latest CB Insights report, the total venture investment reached an impressive $64.6 billion in Q3...

PhonePe Revenue Surged 77% YoY in FY23, But the Struggle for Profitability Continues

PhonePe has unveiled its financial performance for fiscal 2023, ending on March 31, 2023. The fintech unicorn reported a whopping 77% YoY increase in its consolidated revenue, amounting to Rs 2,914 crore in FY23. PhonePe's revenue growth can be...
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Tesla’s Disappointing Q1 2024 Results: Double-Digit Declines in Automotive Revenue, Net Profit

Tesla has been struggling with the low demand for its electric vehicles (EVs), as evidenced by its first quarter...
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