indian startups

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...

Swiggy and Zomato Lock Horns in India’s Food Delivery Price War: Enough to Entice New Customers?

In India's rapidly expanding online food delivery landscape, industry frontrunners Zomato and Swiggy are revamping their strategies to appeal to a growing demographic of budget-conscious consumers, specifically focusing on students and job-seekers. As the conventional methods of customer acquisition...

Paytm Postpaid Hits Pause: Regulatory Hurdles and Partnership Fallout Dampen BNPL Sector

Paytm, one of India's leading fintech giants, has hit the pause button on its buy-now-pay-later (BNPL) service, Postpaid, for new users. This unexpected move comes amidst a cautious atmosphere among lending partners, stemming from the Reserve Bank of India's...

ZestMoney Shutting Down: A Tale of Regulatory Hurdles, Failed Acquisition, and Leadership Shakeup

ZestMoney, an 8-year-old India's fintech lending startup, is shutting down. Despite attracting substantial investments, including from Goldman Sachs, this Buy Now Pay Later (BNPL) pioneer finds itself succumbing to the complexities of regulatory uncertainties and a failed attempt at...

Byju’s Nearing its End: Founder Pledges Assets, Borrows from Kin to Save Sinking Ship Amid Financial Crisis

Byju’s, India's once most valued edtech startup in the world, appears to be nearing its end as it grapples with a severe cash crunch. To navigate these troubled waters, the edtech giant is leaving no stone unturned, exploring unconventional...

A Year of RBI Ban: Paytm, Razorpay Embracing New Revenue Streams

In a significant regulatory move last year, the Reserve Bank of India (RBI) imposed a ban on major payment aggregators like Paytm, Razorpay, Cashfree, and PayU from onboarding new merchants and businesses. Initially presumed to be a short-lived setback,...

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...

3.6 Lakh Employees Parted Ways with Indian Startup Unicorns: Bengaluru Takes Lead in Net Layoffs

The Indian startup ecosystem has witnessed significant churn between September 2022 and July 2023, as revealed by the latest data from PrivateCircle Research. A whopping 3.6 lakh employees across 111 Indian startup unicorns have left their jobs during the...

Mamaearth’s Parent Shines in Q2 FY24 with a Mind-Boggling 94% YoY Surge in Profit

Honasa Consumer Ltd, the parent of Mamaearth and 5 others, has unveiled its financial results for the second quarter of fiscal 2024, ending on September 30, 2023. Interestingly, the company reported an impressive 21% YoY growth in its operating...

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...
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Meta Q1 2024: Jaw-Dropping Surge in Revenue and Net Profit, But Reality Labs Burning Billions

Meta Platforms, Inc. (NASDAQ: META) has unveiled its financial results for the first quarter of 2024 and it is...
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