Byju Raveendran says his edtech startup Byju's, once worth $22 billion, is now 'worth zero'
Oct 18, 2024, at 09:06 pm
Bengaluru/IBNS: Byju Raveendran, founder of the troubled edtech company Byju’s, admitted on Thursday that he had made several mistakes, including misjudging market conditions and overestimating the company's growth potential.
IndiGo Ventures gets SEBI approval to launch Venture Capital Fund to invest in aviation startups
Oct 16, 2024, at 12:50 am
Gurugram: Budget carrier IndiGo Tuesday announced that its corporate venture capital fund, IndiGo Ventures, has received the Alternative Investment Fund approval from the Securities and Exchange Board of India (SEBI), according to an official statement.
Axio secures $20 million funding from Amazon Smbhav Venture Fund
Aug 24, 2024, at 06:22 am
New Delhi: Axio secured $20 million in equity funding from the Amazon Smbhav Venture Fund on Friday, as the digital consumer finance startup seeks to expand its lending capabilities and introduce additional credit products.
Aug 15, 2024, at 05:08 am
Hyderabad: Electric two-wheeler maker Ather Energy has raised $71 million in a new funding round led by its existing investor, the National Investment and Infrastructure Fund (NIIF), elevating the company's valuation to $1.3 billion and securing its status as a unicorn, according to sources familiar with the matter, Moneycontrol reported.
A Boost for Angel Investors, Start-ups, and Real Estate says Laxman Jaiswal on the Union Budget 2024
Jul 25, 2024, at 07:17 pm
Eastern India’s leading Infra and e-commerce start up founder, Laxman Jaiswal said in a statement that the Union Budget of India for the fiscal year 2024 has been widely anticipated for its potential impact on various sectors, including angel investors, start-ups, and real estate.
Amazon's Propel 4 aims to launch 50 Indian startups in global markets in 2024
May 19, 2024, at 02:26 am
Kolkata: Amazon India has announced the launch of the fourth season of Propel – a global business accelerator for startups in the consumer products space.
Software firm Zoho to foray into chipmaking, seeks govt incentive: Report
May 17, 2024, at 05:30 am
New Delhi: Indian software firm Zoho is considering venturing into chipmaking and is seeking incentives from the central government, Reuters reported citing two sources familiar with the proposal.
Turms Intelligent Apparel secures funding on Shark Tank India
Feb 16, 2024, at 04:25 am
Kolkata: Turms Intelligent Apparel, which manufactures stain-repellent and odour-free garments, has recently been featured on the popular television reality series ‘Shark Tank’ and onboarded the founder of media app InShorts as an investor at a Rs 30 crore valuation, a press release said.
Ola founder Bhavish Aggarwal's AI start-up Krutrim becomes India's first AI unicorn
Jan 27, 2024, at 03:40 am
Bengaluru: Artificial intelligence (AI) startup Krutrim, founded by Ola founder Bhavish Aggarwal, has attained unicorn status by securing $50 million in funding from investors, including Matrix Partners India.
Trouble edtech startup Byju's reports Rs 2,250 cr loss in its delayed financial results
Nov 05, 2023, at 09:26 pm
Bengaluru: Education startup Byju's finally released its financial results on Saturday, after several delays. The results revealed that its parent company, Think & Learn Pvt., reported a slight reduction in losses, despite a surge in business during the pandemic.
India retains the 40th Position in Global Innovation Index 2023
Oct 01, 2023, at 12:57 am
New Delhi: India retained the 40th position out of 132 economies in the Global Innovation Index (GII) 2023, reflecting a remarkable journey from its 81st rank in 2015 to this notable achievement.
Sep 30, 2023, at 08:18 pm
The U.S. Consulate General Kolkata, in partnership with the Aroh Foundation and Nexus Start-up Hub, organized a boot camp and Shark Tank Style Pitching Event for a group of nearly 20 women entrepreneurs on Friday in Kolkata.
Flipkart co-founder Binny Bansal to create a new start-up: Report
Aug 19, 2023, at 06:29 am
Mumbai: Binny Bansal, who recently divested his remaining stake in the e-commerce giant Flipkart, is actively working on launching a new startup, Moneycontrol reported.
Startup ecosystem creation: Paytm inks MoU with Arunachal Pradesh
Jun 26, 2023, at 04:21 am
Paytm Payment Services Limited recently signed an MoU with Arunachal Pradesh Innovation and Investment Park (APIIP) to initiate a startup ecosystem for the youth of the northeastern state.
May 24, 2023, at 06:04 am
Tel Aviv/ Mumbai: Tata Consultancy Services (TCS) and Jaguar Land Rover (JLR) announced the launch of the latter’s Open Innovation programme in Tel Aviv.
Byju's secures $250 million funding via structured instruments from Davidson Kempner: Reports
May 13, 2023, at 05:55 am
Indian ed-tech company Byju's has secured a substantial fund infusion of $250 million through structured instruments facilitated by the US-based alternative investment firm Davidson Kempner, media reports said.
Byju's likely to secure $1 billion in funding amid funding winter: Report
May 10, 2023, at 05:35 am
Bengaluru: Ed-tech firm Byju's is preparing to secure a substantial funding round of $1 billion through a combination of equity and structured instruments, Moneycontrol reported.
'#mPower Business Women Meet' hosted by U.S. Consulate Kolkata and Contact Base held in Guwahati
Apr 21, 2023, at 04:40 am
Guwahati/IBNS: The "mPowerBusinessWomen Meet" was held on April 17 at Assam Startup- the nest in Guwahati, in partnership with Assam Startup- IIM CIP.
MeitY Startup Hub and Meta shortlist 120 Startups and Innovators for the XR Startup Program
Jan 28, 2023, at 05:42 am
New Delhi/IBNS: MeitY Startup Hub (MSH), an initiative of the Ministry of Electronics & Information Technology (MeitY), and Meta, the owner of firms like Facebook and WhatsApp, together released the list of 120 startups and innovators for the XR Startup Program, in Delhi on Friday.
G20-Startup20 engagement group set to meet in Hyderabad
Jan 25, 2023, at 09:21 pm
New Delhi/Hyderabad: The G20 Startup20 Engagement Group will hold its inception meeting in Hyderabad this week, featuring delegates from G20 nations and nine special invitees from observer countries, representatives from multilateral organizations as well as the Indian startup ecosystem.
Dec 30, 2022, at 07:13 pm
Bengaluru/IBNS: Bridgestone India, part of tyre-maker Bridgestone Group, has partnered with Blume Ventures to leverage the start-up eco-system of India in the mobility solutions space.
BYJU's said to seek easier payment terms for its $1.2 billion loan: Report
Dec 08, 2022, at 08:52 pm
Mumbai: India’s most valuable startup BYJU's is seeking to restructure a $1.2 billion loan amid financial losses and cost-cutting measures, Bloomberg reported.
84,102 recognised Startups in India till end of Nov 2022
Dec 08, 2022, at 05:22 am
New Delhi: As many as 84,102 entities have been identified as startups as on November 30 this year, Parliament was informed on Wednesday.
HDFC Bank signs MoU with Govt of Karnataka to aid startups registered with Karnataka Startup Cell
Nov 19, 2022, at 02:34 am
Bengaluru/IBNS: HDFC Bank Friday signed a Memorandum of Understanding (MoU) with the Karnataka government's Karnataka Innovation and Technology Society (KITS).
iCreate’s EVangelise ’22 Bootcamp hosts 40 innovators to solve critical issues of the EV industry
Nov 10, 2022, at 04:48 am
Innovation-based start-up incubatoriCreate (International Centre for Entrepreneurship and Technology) is hosting the 5-day Bootcamp of India’s largest EV innovation challenge, EVangelise ’22.
Google features Kerala startup Riafy Tech in elite club
Sep 15, 2022, at 08:03 pm
Kochi/IBNS: Google’s technology team has done an exclusive video interview with Riafy Technologies, making the Kerala startup feature among a handful of Indian companies in the elite club.
1mg becomes India's 21st unicorn in 2022 after internal funding round led by Tata Digital
Sep 08, 2022, at 08:19 pm
Mumbai: Online pharmacy and healthcare services company 1mg turned unicorn following an internal funding round led by Tata Digital, media reports said.
Piyush Goyal launches India-US Startup SETU
Sep 07, 2022, at 11:04 pm
New Delhi: Commerce and Industry Minister Piyush Goyal launched the US Startup SETU - Supporting Entrepreneurs in Transformation and Upskilling programme in the Bay Area of San Francisco.
Aug 23, 2022, at 09:42 pm
Mumbai: Incentivised wellness platform Growfitter raised an additional $500K in an extended pre-series A round led by Venture Catalysts and Singapore-based Baksh Capital.
Logistics startup Shiprocket enters unicorn club with Rs 259 cr fundraise
Aug 18, 2022, at 11:17 pm
Mumbai: Zomato-backed logistics startup Shiprocket has raised Rs 259 crore in an extended Series E round at a post-money valuation of Rs 9,815 crore (around $1.2 billion), Moneycontrol reported citing company filings with the Ministry of Corporate Affairs (MCA).