Start Ups

Indian startups move court to stop Google's new in-app billing system

The Alliance of Digital India Foundation (ADIF) last month asked India's antitrust regulator to investigate Google for devising a new system startups say still charges them a high service fee

Taxing times: Income tax heat on start-ups over unexplained funds

Notices issued to check round-tripping

Cold chain startup Celcius raises Rs 100 crore from IvyCap, others

The company aims to use the funds for tech innovations to solve the fragmented nature of the cold supply chain and reduce wastage of perishables

VCs focusing more on due diligence amid startup funding slowdown: Report

According to data by Venture Intelligence, the aggregate venture funding fell from $11.34 billion between January and March 2022 to $2.19 billion in the same period this year

India Accelerator announces Dubai foray, will invest $20 mn in start-ups

Incubator will provide start-up founders with four-month training in business growth

Indian startup funding dives 75% YoY to $2.8 bn in Q1 of CY 2023: Tracxn

Deal values dip sequentially as well; despite this India emerges as second-highest funded nation, behind the US

B2B start-up ElasticRun takes a step back, to focus on core strategy

ElasticRun extends the reach of a brand's direct distribution network to deep rural markets

Curefoods raises Rs 300 cr in round led by Binny Bansal's investment fund

Cloud kitchen company says it will use financing to expand reach and diversify in offline market

Nykaa expects BPC biz FY23 revenue growth rates 30%, Q4 performance robust

In its regulatory filing, Nykaa said that in Q4 FY23, against the backdrop of subdued industry growth, Tier 1 consumers have demonstrated sustained consumption

Global investors slash valuation of Indian unicorns amid funding winter

Investors are looking to mark down the valuations of top Indian tech firms in the range of 20 per cent to 50 per cent, according to analysts

How Souled Store is riding young India's swelling pop culture wave

The Souled Store's target audience is young Indians in the age group of 16-30 years, a bulk of which is middle class - the biggest segment in India

Edtech major Byju's to raise $700 million in fresh funding round this month

The latest funding round comes as Byju's is aiming to repay a huge $1.2-billion term loan it had secured in November 2021

User engagement platform CometChat Raises Rs 40 crore in venture debt

Funding round led by Utah-based Zions Venture Fund; CometChat offers a full-fledged messaging and communications platform within apps and websites to improve a brand's user engagement

Indian startups with 'strong fundamentals' will survive: Vinod Khosla

Khosla and ChatGPT developer OpenAI's CEO Sam Altman recently offered personal capital to help startups after SVB's collapse

Indian start-ups see apex tribunal's order against Google as a win

But fees charged by Google for app purchases remain a concern

PhonePe calls off deal to acquire BNPL platform ZestMoney: Report

The main reasons the deal fell out were lapses in due diligence, disagreement over valuation, sustainability of the business and the platform's shareholding structure

Edtech unicorn Unacademy lays off 380 employees in latest round of job cuts

The Softbank-backed start-up last laid off 350 employees in November

Funding for Healthtech companies falls 55% to $1.4 bn in 2022: Tracxn

Drop is mostly due to a 75% dip in late-stage investments, from $2.4 billion in 2021 to $606 million in 2022

GoMechanic Business acquired by a consortium led by Lifelong Group

According to sources, there is no clarity on what happens to the founders

upGrad closes Rs 300 cr internal funding round from existing investors

Major investors in the rights include co-founder Ronnie Screwvala (Rs 212 cr) and Singapore-based Temasek (Rs 81 cr)