Startups

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...

Byju’s may shut down WhiteHat Jr, the startup once touted as the best acquisition

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...

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 near future as funding winter sets in. More unicorns are now ditching the 'grow at any cost" strategy for profits as their...

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,...

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...

Zomato Q4 FY22 Results: Lost Rs 4 crore every day despite 75% jump in revenue

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...

Not just Ashneer, BharatPe employees are desperately looking to exit

How damaging a tug of war between the founders could be for a startup and investors? This could be well understood from the ongoing saga of Ashneer Grover, the controversial co-founder and MD of BharatPe, the fintech unicorn, that...

Sizing Meta’s loss: More than the collective valuation of Indian startup unicorns

Investors have always been looking at Meta Platforms, Inc. (NASDAQ: FB) - now the owner of Facebook - as one of the powerful technology firms that stands out in a crowded tech world. Following last week's devastating financial report,...
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Latest News

Made-In-India smartphone shipments 2022: Apple iPhone shipments grew 65% YoY by volume and 162% YoY by value [REPORT]

All major global tech companies, including Apple, Samsung, Xiaomi, and others, have established smartphone manufacturing facilities in India. These...
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