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Indian startups raise over $138 million this week

Indian startups raise over $138 million this week

Sat, Nov 09, 2024

The Indian startup ecosystem raised more than $138 million this week which includes three growth-stage funding and 20 early-stage deals. At least 25 domestic startups raised nearly $138.7 million in funding.

Seeds Fincap raises USD 8.5 million from Lok, Matrix

Seeds Fincap raises USD 8.5 million from Lok, Matrix

Wed, Jul 17, 2024

The small businesses-focused lender will be using the funds to expand lending capabilities, enhance technological infrastructure, and broaden branch footprint, as per an official statement.

Optimo Loan raises $10 million from Blume Ventures, Omnivore

Optimo Loan raises $10 million from Blume Ventures, Omnivore

Wed, Mar 20, 2024

Optimo Loan on Wednesday announced that it raised $10 million in seed funding from venture capital firms Blume Ventures and Omnivore, with additional contribution from the company's founder, Prashant Pitti.

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SVB crisis: Will cockroach startups take a hit?

SVB crisis: Will cockroach startups take a hit?

Mon, Mar 13, 2023

The collapse of Silicon Valley Bank, the largest vendor in the startup ecosystem, has triggered talks whether it will have an adverse impact on the Indian startup scenario. Experts are hopeful that the prevailing situation will not inject a lot of uncertainty in the sector and Indian startups will not take big hit.

Indian startups with US operations may face Silicon Valley Bank crisis heat; know what experts say

Indian startups with US operations may face Silicon Valley Bank crisis heat; know what experts say

Sun, Mar 12, 2023

SVB was deeply-entrenched in the tech startup ecosystem and the default bank for many high-flying startups; its abrupt fall marked one of the largest bank failures since the 2008 global financial crisis.

Co-living operator Settl revenue to jump 3-fold to Rs 20 cr in FY23

Co-living operator Settl revenue to jump 3-fold to Rs 20 cr in FY23

Fri, Mar 10, 2023

Co-living startup Settl revenue is set to jump three-fold to around Rs 20 crore this fiscal and is looking to raise USD 2 million (about Rs 16.40 crore) to expand business, its Co-Founder Abhishek Tripathi said.

Will secure funding for women start-ups, entrepreneurs to strengthen their increasing numbers: KSUM

Will secure funding for women start-ups, entrepreneurs to strengthen their increasing numbers: KSUM

Thu, Mar 09, 2023

To further strengthen the number of women start-ups and entrepreneurs, which are on the rise in Kerala, KSUM has said it was aiming to secure more investor funding for thousands of others like them through various innovation programmes.

Agritech firm DeHaat's FY23 revenue set to rise by over 80% to Rs 2,300 crore

Agritech firm DeHaat's FY23 revenue set to rise by over 80% to Rs 2,300 crore

Mon, Mar 06, 2023

Agritech startup DeHaat's revenue is likely to grow by over 80 per cent this fiscal to around Rs 2,300 crore on better sales of farm inputs to farmers and trading of agriculture produces in domestic and overseas markets, its CEO Shashank Kumar said.

Focusing on revenues while neglecting profits to grow startup valuations akin to ponzi scheme: Narayana Murthy

Focusing on revenues while neglecting profits to grow startup valuations akin to ponzi scheme: Narayana Murthy

Fri, Mar 03, 2023

Infosys co-founder N R Narayana Murthy on Thursday compared the focus on revenues without giving adequate attention to the bottom lines, and the valuation jumps of startups thereof, to a "Ponzi scheme".

Rupala to inaugurate startup conclave for livestock & dairy sectors on Tuesday

Rupala to inaugurate startup conclave for livestock & dairy sectors on Tuesday

Tue, Feb 28, 2023

Union Minister of Fisheries, Animal Husbandry and Dairying Parshottam Rupala will inaugurate a grand startup conclave to be held on Tuesday in Hyderabad.

GoMechanic announces turnaround in core business in January

GoMechanic announces turnaround in core business in January

Sat, Feb 25, 2023

The company, which admitted to errors in financial reporting last month, said it serviced 30,000 vehicles last month, which is 70 per cent of the peak sales it achieved in July 2022.

UP govt makes provisions in budget to promote startups

UP govt makes provisions in budget to promote startups

Thu, Feb 23, 2023

The Uttar Pradesh government has made provisions in the budget presented on Wednesday to promote startups in the state, an official statement said.

IT startup Scrut Automation raises $7.5 million in funding round

IT startup Scrut Automation raises $7.5 million in funding round

Wed, Feb 22, 2023

IT startup Scrut Automation, which specialises in Governance, Risk and Compliance (GRC) automation, has raised USD 7.5 million in a funding round led by MassMutual Ventures, a top company official said on Tuesday.

Presumptive taxation: How it is beneficial for small business?

Presumptive taxation: How it is beneficial for small business?

Tue, Feb 21, 2023

The government in the budget 2023 extended the limit for presumptive tax for small businesses from Rs 2 crore to Rs 3 crore and for individual professionals from Rs 50 lakhs to Rs 75 lakhs. Anup Bansal, Chief Business Officer, Scripbox, said that the new limit will be applicable from the new financial year

Fintech startup Esopdhan eyes Rs 500 crore loan book to fund ESOP buys

Fintech startup Esopdhan eyes Rs 500 crore loan book to fund ESOP buys

Mon, Feb 20, 2023

Financial services startup ESOPDhan on Sunday said it is aiming at a Rs 500 crore loan book by 2025, helping many more people buy stock options being offered by their employers.

Bengaluru-based EV bus startup FreshBus raises Rs 26 crore

Bengaluru-based EV bus startup FreshBus raises Rs 26 crore

Fri, Feb 17, 2023

Bengaluru-based EV bus startup FreshBus on Thursday said it has raised Rs 26 crore in a funding round from travel tech platform ixigo.

Solar-powered drone designed for surveillance operations unveiled at Aero India

Solar-powered drone designed for surveillance operations unveiled at Aero India

Thu, Feb 16, 2023

Aero India 2023: Drone startup Garuda Aerospace on Wednesday unveiled its Solar-powered drone "SURAJ", designed specifically for surveillance operations, at Aero India.

Garuda Aerospace raises $22 mn, largest funding in Indian drone sector

Garuda Aerospace raises $22 mn, largest funding in Indian drone sector

Tue, Feb 14, 2023

Venture capital firm SphitiCap invested $12 mn along with participation from other global investors, angel investors and high networth individuals (HNIs) at $5 million.

Tips to be mindful of while starting entrepreneurial e-commerce journey

Tips to be mindful of while starting entrepreneurial e-commerce journey

Sun, Feb 12, 2023

Deepak Jain, founder, The Fragrance People, said that consumers completely altered their method of buying items during the lockdown, forcing companies to invest aggressively in digital marketing and other growth strategies.

GoDaddy CEO Aman Bhutani lays off 8% of workforce amid challenging macroeconomic conditions

GoDaddy CEO Aman Bhutani lays off 8% of workforce amid challenging macroeconomic conditions

Sat, Feb 11, 2023

In an email to employees, Bhutani said that most impacted roles are in the US, affecting multiple levels in the company and every division.

Simple Energy raises USD 20 mn from investors

Simple Energy raises USD 20 mn from investors

Wed, Feb 08, 2023

Electric vehicle startup Simple Energy on Tuesday announced raising USD 20 million (about Rs 165 crore) from a clutch of investors as a part of its ongoing Bridge round.

Budget 2023: FM Nirmala Sitharaman announces package for "Vishwakarma" artisans; move to integrate them with MSME value chain

Budget 2023: FM Nirmala Sitharaman announces package for "Vishwakarma" artisans; move to integrate them with MSME value chain

Wed, Feb 01, 2023

PM Vishwa Karma Kaushal Samman - package of assistance for traditional artisans and craftspeople has been conceptualized, will enable them to improve quality, scale and reach of their products, integrating with MSME value chain," Sitharaman said

Inception meeting of Startup20 concludes in Hyderabad

Inception meeting of Startup20 concludes in Hyderabad

Wed, Feb 01, 2023

The inception meeting of Startup20, a new Engagement group initiated under India's G20 presidency, was concluded in Hyderabad, an official statement said on Tuesday.

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