Startups News

E-commerce enablement platform GoKwik on Wednesday said it has raised $35 million led by Think Investments and RTP Global, and will use the funds to ...

Here are the most profitable startups in India in 2021-22....

India crossed a century of unicorns earlier this month, but the list also includes several startups losing millions of dollar...

Leading fintech platform BharatPe on Tuesday said it has initiated necessary action against the company's former founder Ashneer Grover to "claw back...

Nazar Yasin of Rise Capital believes that the huge market correction in startup valuations, a global phenomenon, is actually...

After opening up its digital bank to everyone last year, neobanking startup Jupiter is now looking to expand its business offering by foraying into lending as well as wealth management solutions for its existing customers. Jupiter is a digital banking startup that allows customers to set up their savings bank account with in-built money management features.

Leading omnichannel diagnostics platform Redcliffe Lifetech on Friday said it has raised $61 million led by LeapFrog Investments, and will expand its reach into tier 2, 3 and 4 cities across the country. The new funds will also be utilised to scale its platform and increase its product offerings to radiology, disease data profiling and lifestyle management, the company said in a statement.

Indian startups have raised $59.2 billion across 4,427 deals since April 2020, according to business intellige...

Quick commerce startup Zepto — founded by two 19-year-old Stanford dropouts nine months ago — is now valued at a whopping $900 million. The company, on Monday night, announced that it has raised $200 million. All key existing investors, including Nexus Venture Partners, Glade Brook Capital and Lachy Groom have also participated in Zepto’s latest Series D round.

Ashneer Grover, co-founder and former Managing Director of fintech platform BharatPe, said that he is planning to start his own venture without seeking funds from the investors. Grover, who along with his wife Madhuri Jain Grover has been stripped of all company titles over alleged "extensive misappropriation of company funds" and using "company expense accounts" to "enrich themselves and fund their lavish lifestyles", said he will not go back to investors again.

Neobank Open on Monday announced that it is the 100th Indian startup to have entered the unicorn category, which represents companies valued over a billion dollars. While Open claims to be the 100th unicorn, a Venture Intelligence report noted that it is the 96th company to enter the unicorn club.

Indian startups have raised $9.2 billion across 494 deals in the first quarter of 2022, between January and March, according ...

Indian startups have raised $9.2 billion in the first quarter of 2022, between January and March, according to business intel...

Things haven’t been going great for Ola Electric or its customers. Earlier this week, an Ola Electric S1 Pro owner in Tamil Nadu set his scooter on fire reportedly due to inadequate performance and erratic range of the electric scooter. Several Ola Electric customers have reported several technical glitches with the electric scooter and have raised these concerns over Twitter

After being valued at a whopping $710 million last December, neobanking startup Jupiter wants to stay away from the hustle of becoming a unicorn – startups valued above $1 billion – this year at least. Jupiter’s CEO Jitendra Gupta told Business Insider that the firm doesn't want to raise any capital in the next 12 months at least.

Founded in 2015 by Lokendra Singh Ranawat, Virendra Ranawat, Dinesh Singh Rathore and Vikas Baheti, WoodenStreet had previously closed series A funding of $3 million from IAN and RVCF (Rajasthan venture capital funds).

No Indian startup achieved the billion dollar unicorn status in the month of April 2022, which seems quite shocking given the pace that was set in the first quarter of 2022. At least one Indian startup entered the unicorn club every week between the months of January to March this year, as Indian startups raised over $10 billion in funding, as per Venture Intelligence.

Newrl is a Bengaluru-based DeFi (decentralised finance) startup that has come out with a new solution for bringing liquidity to ESOPs of unlisted companies. With the startup boom in India, ESOPs are more popular than ever before as a means to attract and retain talent. We caught up with the company’s founder, Swapnil Pawar, to understand Newrl’s tokenised ESOP service works, and more.

Sharechat-owned short video app Moj is looking to help the creators on its platform generate $450 million (₹3,500 crore) in revenue in the next three years, through its ‘Moj For Creators’ programme. The company is planning to do so by introducing different avenues of revenue generation, including virtual gifting, social commerce and ad-revenue.

Deepinder Goyal — the founder and chief executive officer (CEO) of restaurant aggregator business Zomato — has joined the board of Urban Company as an independent director. Mckinsey’s former partner Ireena Vittal, Helion cofounder Ashish Gupta and Shyamal Mukherjee, PricewaterhouseCoopers (PwC) India’s former chairperson and senior partner, have joined the Urban Company’s board as independent directors.

Indian startups are leaving quite a mark when it comes to raising capital and increasing their valuation. Indian startups mop...

Falguni Nayar-led ecommerce brand Nykaa on Friday announced an investment in clean beauty brand Earth Rhythm, Delhi-based dietary supplements company Nudge Wellness and athleisure brand KICA. The investments were approved by the board of directors of Nykaa on April 22, 2022. The beauty and cosmetics ecommerce company has acquired 18.51% shares in Earth Rhythm Private Limited for ₹41.65 crore.