Startups News
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May 17, 2022 10:16 AM ISTIndia’s real fintech user base is just 10-15 crore: Zerodha’s Nithin Kamath
According to Kamath, it will get tough for companies that spent a lot on customer acquisition and on employee costs amid the tech hiring boom over the past year.
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May 17, 2022 06:46 AM IST Bit by bit the community at BITS is sailing the boat of entrepreneurial spirit
Over the years, BITS has been inching closer to the IITs or Indian Institutes of Technology, which continue to dominate the country’s startup and unicorn ecosystems. BITS has been gradually creating a brand for itself in the world of entrepreneurship, similar to that of the 23 IITs, which investors love.
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May 16, 2022 08:15 PM IST LIC listing today | Big PSU IPOs laggards on Indian bourses
India's biggest PSU IPO was Coal India, which listed in November 2010 with an issue price of Rs 245 a share. Currently it trades more than 42 percent lower than its issue price. The firm raised over Rs 15,000 crore via the IPO.
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May 16, 2022 02:34 PM IST Mamaearth parent buys majority stake in skincare brand Dr. Sheth’s
Aneesh Sheth, who founded Dr Sheth’s in 2016, will continue to lead the business and product innovation for the brand
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May 16, 2022 08:27 AM IST Up to 90% of our team will permanently work from home: Zerodha CEO Nithin Kamath
Core team will work on a hybrid model
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May 14, 2022 04:34 PM IST Avenue Supermarts stock rallies after company reports 3% rise in Q4 net profit
January 2022 started extremely well but then the Omicron wave of Covid‐19 reduced the momentum over the middle of the month, the company added.
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May 13, 2022 02:33 PM IST Swiggy buys Times Internet’s restaurant tech platform Dineout
Swiggy did not disclose the size of the deal and said that Dineout would continue to operate as an independent app.
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May 13, 2022 01:50 PM IST Agri-tech Fyllo raises $2 million from Triveni Trust, IAN and others
The startup will use the funds to expand to new markets and cover more crops
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May 13, 2022 01:37 PM IST 73 of India’s 100 unicorns have at least one founder from IIT
A majority of India’s 100 unicorns, most of which were crowned unicorns only over the last two years, have founders with an IIT background.
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May 13, 2022 07:29 AM IST PM Modi to unveil Madhya Pradesh's start-up policy today
Chief Minister Shivraj Singh Chouhan would be present at the function, besides senior officials and start-up entrepreneurs.
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May 12, 2022 04:13 PM IST SoftBank will cut investments to a fourth in 2022 as tech shares plunge globally
Compared to last year, the amount of new investment will be half or could be as small as a quarter, said the conglomerate's billionaire CEO Masayoshi Son
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May 12, 2022 02:49 PM IST Sachin Bansal's Navi appoints Meesho founder Vidit Aatrey as independent director
Meesho competes with Flipkart, which Bansal had founded in 2009. Navi has made a total of four new appontments on its board.
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May 12, 2022 01:15 PM IST FirstMeridian Business files draft papers to raise Rs 800 crore through IPO
The IPO comprises a fresh issue of Rs 50 crore and an offer for sale of upto Rs 750 crore by its existing shareholders and promoters.
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May 12, 2022 01:13 PM IST Y-Combinator-backed BharatX raises $4.5 million in seed round
The Y-Combinator-backed startup plans to use the funds to build and expand its team, work on products and expand footprint
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May 12, 2022 12:10 PM IST SoftBank posts $13 billion loss for FY22 as tech shares plunge across the globe
According to Reuters estimates, SoftBank’s Vision Fund investment unit posted a record loss of over 2.97 trillion yen for the Jan-Mar quarter
- May 12, 2022 10:11 AM IST
Start-Up Street | Early exit – It happens more often than you think
Start-up entrepreneurs should be prepared for situations in which an early exit may happen
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May 12, 2022 09:53 AM IST Vivriti Capital raises $30 million from TVS Capital Funds, inches closer to unicorn tag
The fundraise is part of the company's $85 million Series C round. Vivriti Capital had raised $55 million of the total amount in March this year from existing investors Lightrock India and Creation Investments.
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May 11, 2022 07:25 PM IST FHRAI urges Sebi again to axe Oyo’s IPO
Oyo incurred losses of Rs 3,943.84 crore in 2020-21 (FY21), translating to a loss of over Rs 76,077 every minute, the FHRAI said.
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May 11, 2022 06:01 PM IST After social commerce, actor turned investor Athiya Shetty eyes health and beauty space
After making her debut as an investor in the social commerce space, Athiya Shetty daughter of Bollywood star Suniel Shetty is looking at expanding to more sectors.
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May 11, 2022 02:31 PM IST Aakash Chaudhry leads Series-A funding in HR tech startup Hono
While Chaudhry invested $4 million (around R.31 crore) in HONO, the startup has raised $1million more from other individual investors including Hemant Sultania, Amit Khanna of Amaya Ventures, and Harsh Gupta of Udayat Group. The series A funding totals $5 mn.
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May 11, 2022 01:57 PM IST Shopflo raises Rs 20 crore seed funding from Tiger Global, TQ Ventures, others
With this round, Tiger Global has made its first seed investment as the global venture fund is commonly known for taking part in later stage rounds.
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May 11, 2022 12:58 PM IST Byju’s-owned Great Learning buys Northwest Executive Education for $100 million
Northwest Executive Edcuation offers long format comprehensive programs by global educational institutions including MIT, UC Berkeley, Yale, UCLA, University of Chicago, National University of Singapore, among others.
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May 11, 2022 12:01 PM IST Paradeep Phosphates sets IPO price band at Rs 39-42 a share
The IPO consists of a fresh issue of Rs 1004 crore while an offer for sale of upto 118.51 million by its existing shareholders and promoters. At the upper price band, the firm plans to raise around Rs 1502 crore.
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May 11, 2022 10:38 AM IST E-commerce enabler GoKwik raises $35 million in Series B funding round
Founded in 2021 January by Chirag Taneja, Vivek Bajpai and Ankush Talwar, GoKwik helps direct-to-consumer brands to personalise shopping experience for consumers.
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May 11, 2022 09:06 AM IST Luxury watch retail player Ethos prices IPO at Rs 836-878 a share
IPO will open on 18 May for subscription and close on 20 May. The anchor book will open on 17 May.
