Startups News
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December 04, 2022 02:15 PM ISTChiratae-backed Healthifyme latest startup to resort to layoffs, 150 staff sacked
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
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December 02, 2022 03:56 PM IST KreditBee raises $80 million in Series D round from existing investors
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.
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December 02, 2022 02:53 PM IST Temasek-backed Mohalla Tech lays off 115 employees, shuts down fantasy gaming vertical Jeet11
Fantasy gaming platform Jeet11 was launched in 2020, to compete with Dream11 and Mobile Premier League (MPL).
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December 02, 2022 01:57 PM IST Flipkart partners with Polygon to to set up a Blockchain-eCommerce Centre of Excellence
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.
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December 01, 2022 03:48 PM IST Khan Academy India appoints former Gates Foundation executive as country director
In a statement, the company said Vasudevan will oversee India operations and be responsible for driving further growth for Khan Academy in India.
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December 01, 2022 03:00 PM IST Coimbatore Saas firm Kovai.Co rules out layoffs, will be cautious on new hires, spends
SaaS firm looking to add 40-50 people in 2023 and eyes revenues of $30 million by 2025.
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December 01, 2022 01:20 PM IST ‘Valuations don’t matter... If you don’t survive, what’s the point?’, says Anand Daniel of Accel
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
- December 01, 2022 12:26 PM IST
Lightspeed-backed Teachmint becomes latest edtech startup to lay off employees
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
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December 01, 2022 12:25 PM IST Agritech startup DeHaat raises $60 million in Series E funding led by Sofina, Temasek
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.
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December 01, 2022 10:57 AM IST Jobs: It’s not all gloom and doom; these Indian start-ups are hiring
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.
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December 01, 2022 10:16 AM IST Leap.club raises $1 million from Enzia Ventures, Ghazal Alagh, Artha India Ventures and others
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.
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December 01, 2022 09:38 AM IST Start-up Street | When does a start-up stop being one?
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
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December 01, 2022 07:14 AM IST India online marketplace sales to jump over three times to $350 billion by 2027: Report
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
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November 30, 2022 08:07 PM IST We are uncomfortable when founders want to do secondaries prematurely: Sanjeev Bikhchandani reacts to an epilogue from Ashneer Grover's book
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.
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November 30, 2022 05:29 PM IST Zetwerk acquires US-based Unimacts for $39 million, to clock a revenue of $1 billion in FY23
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.
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November 30, 2022 05:16 PM IST Indian agri-foodtech startups clock $4.6 billion in funding in FY22, overtake China in funding inflow: Report
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.
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November 30, 2022 02:43 PM IST Anicut Capital gets SEBI nod for Rs 1,500-crore debt fund
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
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November 30, 2022 02:06 PM IST Actor-turned-investor Suniel Shetty's secrets of startup investments
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.
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November 30, 2022 12:25 PM IST E-sports tournament platform Gamerji bags $3 million funding
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
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November 30, 2022 11:42 AM IST Investors favour upskilling platforms as other edtechs struggle with funding winter
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.
- November 30, 2022 08:02 AM IST
Talent supply chain SaaS firm Prismforce raises $14 million led by Sequoia Capital
Prismforce will be utilising the funds to enhance its product suite, strengthen go-to-market capabilities and grow its talent base
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November 29, 2022 03:42 PM IST CRED to acquire lending as a service platform CreditVidya
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.
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November 28, 2022 07:19 PM IST Dailyhunt and Josh parent VerSe lays off 150 staff, announces company-wide pay cuts
These measures were unveiled In a town hall meeting, addressed by the company’s co-founders Virendra Gupta and Umang Bedi.
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November 28, 2022 04:05 PM IST BharatPe sees four leadership exits, including tech, product and PostPe leads
The company said in a statement that the four executives are moving on to pursue their entrepreneurial plans
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November 28, 2022 11:26 AM IST Packaging as a service: This start-up is looking to replace single-use plastic food containers
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
