HealthifyMe said the decision came as the company’s growth did not match expectations. In India, technology startups have let go off close to 18,000 employees this year
KreditBee will use the funds to venture into secured loans, home loans, and credit lines. It will also add financial services like insurance, credit score report, and merchant-side offers, among others.
Fantasy gaming platform Jeet11 was launched in 2020, to compete with Dream11 and Mobile Premier League (MPL).
Through Flipkart Labs, the e-commerce major has been piloting with Web3 initiatives over the past year. Earlier this year, it launched FireDrops, an NFT platform for brands. During the festive sale, Flipkart piloted its metaverse - called Flipverse.
In a statement, the company said Vasudevan will oversee India operations and be responsible for driving further growth for Khan Academy in India.
SaaS firm looking to add 40-50 people in 2023 and eyes revenues of $30 million by 2025.
Unit economics and profitability have become regular talking points in start-up boardrooms right from the product-market fit stage, says VC who invested in unicorns like Swiggy, Ola, Spinny, Vedantu
Teachmint has offered a severance package of three months and health coverage to the laid-off employees and would would also expedite the vesting of ESOPs for the affected employees and the laid-off employees can apply for different roles within the organisation
Moneycontrol reported on October 21 that DeHaat had raised $45.8 million led by Sofina Ventures, according to the company’s regulatory filing with the Ministry of Corporate Affairs (MCA). This, however, was a part of a larger round, and the company today shared the entire fundraise amount in a statement. The company did not disclose if there was a revision in the valuation with additional funding coming in.
Start-ups, especially in the early stages, have been on a hiring spree for tech talent. However, average pay packages have dropped 12-18% year on year.
Calling itself a professional network for women, leap.club plans to touch 100,000 in memberships and Rs. 100 crores in revenue over the next couple of years.
The question arises as we see some start-ups raising more money than even established companies but still laying claim to the moniker. Opinion is divided on what separates the two but they share a common aim
Of the cumulative funding of around $30 billion attracted by marketplaces between 2018 and October 2022, B2C e-commerce, B2B e-commerce, and online food delivery accounted for almost 60 percent
Bikhchandani's comments were in response to a passage from Grover's book, where Grover said how a founder should not shy away from liquidating their stock at every secondary sale opportunity.
Zetwerk is presently well capitalised and looking to clock a revenue of $1 billion in revenue for FY23 and is even thinking about going public in the future when market conditions are supportive, said cofounder Amrit Acharya.
In a statement shared on November 30, AgFunder and Omnivore said the deal activity for agri-foodtech startups also increased to 234 deals in FY22 compared to 189 deals in FY21.
It plans to launch the fund in the fourth quarter of the financial year 2022-23 and announce the first close by the end of the same quarter, the company said on November 30
Shetty says he looks for founders who are traditional when it comes to management and progressive when it comes to products. He also warns that startups focusing more on valuations than products may not survive.
Gamerji plans to use the funds for its planned foray into Southeast Asia starting with Indonesia and Philippines, as well as to grow its platform in the MENA region
Higher education and upskilling startups have raised $1.1 billion in private equity and venture capital funding so far this year, slightly less than the $1.25 billion raised in the first 11 months of 2021, according to data by Tracxn Technologies.
Prismforce will be utilising the funds to enhance its product suite, strengthen go-to-market capabilities and grow its talent base
CreditVidya offers services for entire loan life cycles from origination to underwriting to collections of loans. The platform also allows customers to seek loans from its lending partners.
These measures were unveiled In a town hall meeting, addressed by the company’s co-founders Virendra Gupta and Umang Bedi.
The company said in a statement that the four executives are moving on to pursue their entrepreneurial plans
InfinityBox, started by IIT Kharagpur graduates Shashwat Gangwal and Keshav Godala, has been piloting the use of reusable Tupperware-like containers with some restaurants in Bengaluru and Mumbai