indian startups

From Unicorns to Thrift Warriors: How Indian Startups Slash Appraisals in a Battle for Survival

In the wake of the Covid-19 pandemic, Indian companies, particularly the much-celebrated startup unicorns, have found themselves caught in a whirlwind of financial woes. Layoffs, drying funding, lack of talent and work-from-home challenges have become the order of the...

Edtech startup entrepreneur arrested for defrauding students to the tune of Rs 18 crore

The rise of EdTech startups in India is primarily driven by the increasing demand for online education and upskilling opportunities. However, amidst this educational transformation, the edtech sector has also witnessed a concerning rise in fraudulent activities. One such...

The Rise, Fall And Acquisition of NestAway: From $220 Million to Just $11 Million

The relentless impact of the Covid-19 pandemic has thrown countless businesses and individuals into a whirlwind of trouble. One such company is NestAway, the Indian e-commerce platform for shared home rentals. The impact has been so severe that NestAway,...

Byju’s lenders kill $1.2 billion loan restructuring talks: Poses a new challenge for the world’s most valued EdTech startup

Creditors engaged in negotiations with Byju's, India's most valuable startup, have abruptly ended discussions related to restructuring a $1.2 billion loan, adding to the mounting challenges faced by the beleaguered edtech startup. Citing some unknown sources, Bloomberg reports the talks...

Unlocking the Enigma: Byju’s Valuation Slump and Investor Anxiety Unveiled

Byju's once again finds itself in hot waters. The latest blow comes from none other than Blackrock, the world's largest asset manager, who has dramatically reduced Byju's valuation for the second time in just three months this year. India's...

ED Raids Byju’s: Accuses Raveendran Byju of evading multiple summonses sent in past

Enforcement Directorate raided the premises of Raveendran Byju, CEO of Bengaluru-based edtech startup unicorn BYJU’s. The searches were carried out for allegedly violating laws governing foreign funding. The investigation agency searched two business premises and one residential property in...

Investment in Indian startups March 2023: Late-stage funding boosted the overall deal value

Investment in Indian startups has started drying up since the second half of 2022, owing to massive layoffs and global economic uncertainty. However, Indian startup entrepreneurs took a sigh of relief last month as the total investment in Indian...

Despite mass tech layoffs and funding winter, 80% of early-stage Indian startups would continue to hire in 2023

Indian startups are hiring despite the flurry of tech layoffs and market uncertainty that has forced most tech giants to seize their hiring process. According to the latest survey by Randstad India and the Federation of Indian Chambers of Commerce...

Lenskart to attract half a billion dollar investment amidst the global slowdown in VC funds and massive layoffs!

Lenskart has revolutionized the eyewear industry by transforming the mundane act of wearing glasses into a fashion statement that combines style, comfort, and affordability. This 13-year-old omnichannel eyewear brand is one of the few startup unicorns in India that...

Narayana Murthy labels investors’ approach to Indian startups as a Ponzi scheme

India's startup ecosystem is rapidly evolving, offering a wealth of opportunities for entrepreneurs to disrupt industries, drive innovation, and make their mark in the global market. According to N R Narayana Murthy, a co-founder of Infosys, the venture capitalist...
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India’s Top 3 IT Firms Let Go 65k Employees in FY24: Is Automation the Culprit?

Tech industry layoffs post-Covid have been a major concern, affecting white-collar employment in India. This trend isn't confined to...
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