indian startups

ShareChat Spent ₹7.4 to Generate Just ₹1 as Operating Revenue in FY23: Struggling to Grow in India’s Short-Video-Sharing Market

The ban on TikTok in India gave birth to many short-video sharing platforms, with ShareChat and Moj emerging as the nation's favourites. Mohalla Tech, the parent company of ShareChat and Moj, recently disclosed its financial performance for the fiscal...

Mamaearth’s Shares Fizzle on Debut: A Wake-Up Call for Indian D2C Brands Eyeing IPOs?

Shares of Honasa Consumer, the parent company of FMCG brands like Mamaearth, made a modest entrance on Dalal Street. The stock is listed at a slight 1.8% premium over its IPO price, with an opening price of ₹330 on...

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...

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...

Cred’s Cost Efficiency: Revenue Jumps Up 255% But Losses Increase Just 5.3% in FY23

The fintech unicorn Cred has unveiled its financial results for fiscal 2023, concluding on March 31, 2023. In a remarkable display of growth, Cred revenue from operations reached an all-time high of Rs 1,400.6 crore in FY23, with an...

IPO Funding Rollercoaster: A 26% Dip in H1 FY24, as BFSI and New-Age Tech Firms Taken A Backseat

In the dynamic world of Indian finance, the first half of the fiscal year 2023-24 (H1 FY'24) has brought forth intriguing trends in initial public offerings (IPOs) and public equity fundraising. According to the PRIME Database, Indian companies took...

Google and Reliance-Backed Dunzo is Battling the Tides: On Brink of Collapse?

India has the third largest startup ecosystem in the world, and it is constantly expanding with each passing quarter, giving birth to new startups and aspiring unicorns. Yet, despite this surge of promise, a significant portion of these unicorn or soon-to-be unicorn startups...

Byju’s defers joining dates of new employees upto 6 months, leaving many in perplexing situation

Byju's, once the world's highest-valued Edtech startup, is currently grappling with several challenges that have not just raised concerns among employees and stakeholders alike. With the recent news of delayed joining dates for new employees, layoffs, valuation cuts, and...

Unemployment in India’s Edtech Sector Hits A New High: Over 21,000 Byju’s Employees Are On The Job Hunt

The edtech industry, once a beacon of opportunity, is facing a challenging time as Byju's, India's largest edtech company, grapples with layoffs and financial troubles. In the past six months alone, the edtech company has let go of nearly...
- Advertisement -

Latest News

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...
- Advertisement -