Startups News
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August 06, 2022 11:13 AM ISTOla Electric’s sales down 42% MoM to 3,426 units in July
Ola Electric, which recalled 1,441 two-wheelers in April, is set to launch its first electric car on August 15
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August 06, 2022 07:03 AM IST LetsVenture joins Centre's Samridh scheme, to invest up to $100,000 in startups
LetsVenture was selected for the accelerator program earlier this year, through which the VC plans to support around eight startups in the first phase
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August 05, 2022 09:58 PM IST EVs, Cleantech and Web3 investments will become mainstream: Sequoia India's Shailesh Lakhani
Despite a global crypto crash and a hazy regulatory environment in India around Crypto, Lakhani said that he is bullish on the Web3 ecosystem.
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August 05, 2022 06:51 PM IST Nykaa buys Chiratae-backed digital content platform Little Black Book
Little Black Book's acquisition will enable Nykaa to strengthen its content delivery and drive discovery for brands, the company said in the filing.
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August 05, 2022 05:51 PM IST SoftBank, JP Morgan connect 10 unicorns mulling IPO in 3 years with mutual funds
Mamaearth, Lenskart, Acko, Meesho, ElasticRun and InMobi also participated in the meeting held in Bengaluru on August 3 and 4.
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August 05, 2022 03:05 PM IST Swiggy, Unacademy, Meesho founders meet top public market investors in Bengaluru
The meeting comes at a time when many unicorns, over the last two years, had openly talked about getting publicly listed in the medium term
- August 05, 2022 07:59 AM IST
Early-stage funding in Indian ed-tech bucks global trend, jumps 2.5x in 2022
Contenders are scrambling as the ed-tech incumbents are fumbling. But will their performance be any better?
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August 04, 2022 07:29 PM IST School edtech unicorn LEAD lets go of about 100 employees
The company confirmed that less than 100 employees have been let go after a performance review that LEAD carries out yearly.
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August 04, 2022 06:11 PM IST Bits To Billions | Meet India's first husband-wife duo who have a unicorn each: Mohapatra & Kalra
Asish Mohapatra and Ruchi Kalra, alums of IIT and McKinsey, created history by becoming India's first husband and wife team to build their startups into unicorns - OfBusiness and Oxyzo. While Mohapatra is the CEO of OfBusiness, Kalra is the CEO of Oxyzo. What's more - Both their startups are profitable. But what do their startups do? How did they go from bits to billions? When will their companies go IPO? Watch them in conversation on Bits to Billions.
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August 04, 2022 04:30 PM IST US-based investment firm AWE launches Rs 350 crore maiden fund targeting India
With the development, AWE has joined the list of funds like Sequoia India, Elevation Capital, and Accel India which have launched new funds focusing on investment in India.
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August 04, 2022 09:58 AM IST Start up Street: How important is mentoring to start ups?
Investors do admire and encourage an entrepreneur’s passion given that it drives the entrepreneur and the enterprise. But investors also are able to bring in more objectivity to business projections
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August 03, 2022 04:08 PM IST BharatPe appoints former SBI Cards finance head Nalin Negi as CFO
The company also said that Negi will lead BharatPe through its path to an initial public offering (IPO) in 18 to 24 months. Notably, the company did not have an appointed CFO prior to this announcement.
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August 03, 2022 01:10 PM IST Etsy India appoints former Amazon executive Pankaj Jathar as VP, country head
Previously, the chief executive officer (CEO) of Prione, a joint venture between Amazon and private equity fund Catamaran, Jathar has led multiple functions at Amazon from 2011 to 2017. Interestingly, he was also a member of the launch team for Amazon's India business.
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August 03, 2022 11:00 AM IST India now home to 75,000 startups: Piyush Goyal
In a tweet, the Commerce and Industry Minister said "These numbers tell the power of a vision. A vision to see innovation & enterprise drive growth."
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August 03, 2022 10:26 AM IST Edtech consortium's independent grievance body dismisses 'mis-selling' case against Byju's-owned Great Learning
The IGRB's order comes as a relief to Great Learning and Byju's group companies, which were under fire for mis-selling and mis-representation.
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August 02, 2022 09:18 PM IST Edtech unicorn Vedantu lays off another 100 employees
According to sources, permanent employees from sales and training teams were laid off over the last month.
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August 02, 2022 08:37 PM IST Account Aggregator ecosystem gets a boost as all PSU banks go live
The participation of major PSU banks is key to the success of AA’s framework as it will open a window for a huge pool of the banks’ customers to use the framework and allow easy access to financial services
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August 02, 2022 02:27 PM IST Edtech unicorn upGrad acquires test-prep platform Exampur
In July, UpGrad Rekrut, a subsidiary of the edtech unicorn, acquired recruitment and staffing firm Wolves India
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August 02, 2022 12:33 PM IST Notes from Kota: Meet the small businesses powering India’s $500-million coaching hub
The businesses that have come up in Kota over the past three decades provide direct and indirect livelihood to more than 200,000 people. The town is humming again after a temporary setback caused by COVID-19
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August 02, 2022 12:30 PM IST Gaurav Munjal-backed Newton School eyes profitability by fiscal year-end
Co-founder Siddharth Maheshwari said that many early-stage startups, bearing the brunt of the funding slowdown in the edtech space, are now reaching out to companies like Newton School, requesting an acquisition.
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August 02, 2022 12:08 PM IST Avendus Future Leaders Fund buys part of Elevation Capital's stake in Xpressbees for Rs 195 crore
Avends Future Leaders, the investing arm of Avendus Group, has two funds and has invested in 11 companies to date including Xpressbees. The company had launched its first fund in 2019 and said that it has deployed it fully
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August 02, 2022 08:08 AM IST Exclusive | Unacademy suspends contracts of doubt-solving educators for 6 months in another cost-cutting move
Unacademy told the educators that it has made 'strategic changes' to its customised learning solutions and owing to the change, it will 'significantly' reduce doubt solving on its platform.
- August 01, 2022 01:39 PM IST
Layoffs at agritech startup DeHaat less than a year after large fundraise
Founder and CEO Shashank Kumar confirms layoffs but says the number is not in triple digits. DeHaat raised $115 million in 2021 in what was the largest funding round for an Indian agritech startup
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July 29, 2022 12:15 PM IST PhonePe acquires Indus OS, says amicable settlement reached with Affle Global
The closure of the deal comes after a long-winding legal wrangle between PhonePe and IndusOS shareholders Affle and Ventureast Fund on the valuation of IndusOS.
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July 29, 2022 10:57 AM IST Notes from Kota: Meet Nitin Vijay or NV sir, the real-life Jeetu Bhaiya of Kota
Jeetu Bhaiya, a character spun off by Netflix in its hit series on Kota, called Kota Factory, was inspired by Nitin Vijay. Vijay founded Motion Education, one of Kota’s most famous coaching centres, and he has a lot of advice and suggestions for IIT and medical aspirants.
