indian startups

A Big Blow to Paytm: RBI Restricts All Banking Services on Paytm Payments Bank

In a significant blow to Paytm, the Reserve Bank of India (RBI) has initiated stringent restrictions on Paytm Payments Bank Ltd (PPBL), preventing it from providing any banking services to customers after February 29, 2024. This regulatory move, considered...

Swiggy Delivered Double-Digit Revenue Growth in FY23, But IPO Hopes Hinge on Turning Red Ink Blue

Swiggy, India's online food and grocery-delivery company, has recently filed its financial statements for fiscal 2023, ending on March 31, 2023, and the results are noteworthy. The company reported an impressive 45% YoY growth in its operating revenue, amounting...

Groww Active Traders Grew Over 870% in Less Than 2 Years, Outpaced Zerodha by 1 Million

Groww, an eight-year-old wealth management startup, has continued to assert its dominance in terms of active clients. By the end of 2023, the number of active traders on the Groww platform reached 7.6 million, maintaining a lead over its...

SoftBank Exits Policybazaar: $650 Million ROI Sets Benchmark for Other Indian Startups

Over the past couple of years, a considerable number of foreign investors divested their stakes in various Indian startups. The reasons for these divestments have varied, ranging from profitable exits to acknowledging the challenges faced by these billion-dollar startups,...

Byju’s Valuation Crash in 2 Years: A 95% Drop to Just $1 Billion

Byju's, the Indian edtech startup that reached a valuation of $22 billion during its fundraising in March 2022, has experienced a significant downturn in its valuation. BlackRock, the world's largest asset manager and one of the early investors in...

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,...

Zomato Plays the Long Game: Prioritizes Brand Identity Over Super App Ambitions, Ditches International Dreams

Zomato has been making waves in recent months with its strategic business restructuring decisions in a bid to strengthen its dominance in India's fiercely competitive food delivery sector. A crucial part of this strategy involves making Blinkit, its quick...

PE-VC Investments in India Drops Below $30 Billion in 2023, Hitting a 5-Year Low

India has been experiencing a notable downturn in Private Equity - Venture Capital (PE-VC) investments in the last couple of years. According to a recent report by Venture Intelligence, the value of PE-VC investments in Indian companies plunged 37.7%...

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...

Udaan’s 10% Workforce Cut Fuels Concerns About the Long-Term Viability of Startups Amid Funding Boom

Despite the influx of significant funding into India's startup ecosystem, several startups grapple with operational sustainability. One such example is Udaan, a business-to-business (B2B) e-commerce company headquartered in Bengaluru. Udaan laid off 10% of its workforce, numbering between 100...
- Advertisement -

Latest News

Amazon Makes Historic Bet on AI: $4 Billion Fuels Anthropic’s Generative Engine

AI investments have skyrocketed in the last three years, with tech giants placing their bets on the transformative power...
- Advertisement -