indian startups
Brief
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...
Brief
Byju’s may shut down WhiteHat Jr, the startup once touted as the best acquisition
Dazeinfo -
When Byju's acquired WhiteHat Jr for a whopping $300 million two years ago, little did anyone know that the runway for the coding platform would soon be cut short by India's most valued, as well as most controversial, startup.
Citing...
Brief
Sequoia Capital puts GoMechanic under forensic audit: Founder admits financial irregularities, fires 70% of the workforce
Dazeinfo -
One after another after another; a number of Sequoia Capital's portfolio companies are found to be indulged in serious financial irregularities, and the latest one that is added to the list is GoMechanic, an automobile after-sales service startup.
On January...
Brief
VC funding in Indian startups 2022: Late-state funding declined over 50%
The venture capital funding for Indian tech startups has dried up in 2022, after shattering all previous records in 2021. The VC investment in Indian startups dropped a notable 32.5% YoY in 2022, to just $23.95 billion, according to...
Brief
Funding in Indian startups in Q3 2022: Down 80% YoY, indicating tough time ahead for entrepreneurs
There is a tough time ahead for startups in India who are seeking to raise funds. The funding in Indian startups dropped a massive 80% YoY to just $3 billion in Q3 2022, according to a recent Traxcn report,...
Brief
SoftBank Puts IPO-bound OYO in a tough spot: Slashes valuation to just $2.7 billion
The challenges for OYO, the hospitality startup unicorn of India, are far from over. As the company has started to come out from the grip of Covid-19, SoftBank Group Corp. has slashed the value of Oyo hotels on its...
Brief
Usain Bolt backed startup has disappeared from many markets after raising $40.2 million
Dazeinfo -
Time and again it's proven that neither the investment nor the brand endorsement guaranty success for a startup. An e-bike-sharing startup, Bolt Mobility, that was co-founded by eight-time Olympic Gold medalist Usain Bolt seems to have closed down abruptly,...
Brief
Zomato Q4 FY22 Results: Lost Rs 4 crore every day despite 75% jump in revenue
Dazeinfo -
India's leading food aggregator Zomato's Q4 FY22 results are out. The company presented a mixed bag of performance in the last fiscal quarter of 2022 albeit with a promising forecast for the quarters to come.
Zomato's net loss in Q4...
Brief
Bhive.fund, India’s leading wealth tech platform, aims to disrupt commercial real estate with a fresh round of investment
Dazeinfo -
Fintech startups in India are attracting the eyeballs of investors. Founded in 2021, Bhive.fund, an alternative investments wealth tech platform, has attracted strategic investment from renowned investors including Nikhil Kamath, co-founder of Zerodha.To accelerate the growth, Bhive.fund has planned...
Brief
Government’s big decision for Indian startups to boost the fundraising activity this year!
There is good news for all Indian startup entrepreneurs. The government of India has extended the timeline for startups to convert debt investment into equity shares by up to ten years, According to a press note from the DPIIT...
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Latest News
Apple Q2 FY24 Earnings: Revenue Declines in All Major Markets and Products
Apple, Inc. (NASDAQ: AAPL) has unveiled its financial performance for the second quarter of fiscal 2024, ending on March...
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