Investment

Unicorn to $3 Billion in Less Than A Year: Zepto Aims for Top Spot with Bold Expansion Strategy

Quick commerce startups in India are currently engaged in a fierce battle for dominance as they expand their foothold into the ever-competitive e-commerce landscape. Interestingly, foreign investments in these startups are significantly contributing to their growth. Among these contenders,...

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,...

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...

Global VC Funding Reached $64.6 Billion Q3 2023: Unicorn Births Hit Record Low with Just 12

The global venture funding landscape experienced a notable rebound in Q3 2023, bringing a sense of relief to entrepreneurs and innovators. According to the latest CB Insights report, the total venture investment reached an impressive $64.6 billion in Q3...

The Yearly Growth in Worldwide IT Spending on Banking and Investment Services to Double in 2023 [REPORT]

The banking and investment services industry is undergoing a significant technological transformation, with organizations worldwide recognizing the critical role that IT plays in driving business outcomes. As the global economy faces unprecedented challenges, banking institutions are strategically allocating funds...

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...

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...

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...

Sequoia Capital puts GoMechanic under forensic audit: Founder admits financial irregularities, fires 70% of the workforce

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...

Only 13 Unicorn Startups in India are profitable: Funding Winter puts Indian startups to the real test

Startups in India have started deploying strategies that would put them on the road to profitability in the near future as funding winter sets in. More unicorns are now ditching the "grow at any cost" strategy for profits as...
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Latest News

Paytm’s Layoff Tactics Raise Red Flags: Forced Resignations, Bonus Clawbacks and Uproar!

Paytm's troubles seem far from ending following the RBI's ban on its Paytm Paytments Bank earlier this year. The...
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