Page 17 - Start Ups

Self-driving vehicle start-up Minus Zero raises $1.7mn in seed fund

The company plans the public launch of its first Autonomous vehicle use-case in late 2022 to early 2023.

1K Kirana raises $25 mn, aims to serve over 10 mn consumers in 12 months

Hyperlocal shopping and distribution network says it will use the financing for improving its technology and expanding team.

Cars24 to Vedantu, start-up lay-offs accelerate on capital crunch worries

Falling valuations, slowing funding rounds add to woes; move aimed at conserving cash and shore up profitability

BlissClub raises $18 mn in funding led by Eight Roads, Elevation Capital

BlissClub has seen 25X growth in just 10 months, having gone from raising a seed round in May 2021 to current Series A in less than a year

Vedantu lays off another 424 employees, blames 'scarce capital'

The decision comes just days after Vedantu had announced that it had let go of another 200 people.

Are Indian startups staring at a tough future after a blockbuster year?

The valuation of Meesho, the Indian e-commerce rival of retail giant Amazon, more than doubled last year to $5 billion

IFC to pick up minority stake in BYJU learning app

World Bank arm to invest $15 million in educational products company

IPL 2020: Edu-tech firm Unacademy set to fight for title sponsorship rights

A BCCI official confirmed that Unacademy has picked up the bid papers but refrained from making any comments beyond that

Byju's raises over Rs 363 cr in funding from Maitri Edtech, IIFL's PE fund

Byju's is estimated to have raised about $2.3 billion in funding so far with valuation touching $16.5 billion.

Byju's raises $200 mn in fresh funding; valuation surges to $12 bn

BlackRock, T Rowe Price participate in the round; the edtech major's valuation has risen by over $1 bn since last round of fundraising

Aakash+BYJU'S' Chaudhry invests $4 million in HR automation firm HONO

HONO raises $5 mn in Series A round to double size of operations

Byju's turns profitable in 8 years, gears up to enter US in a big way

First Indian consumer-tech start-up to achieve feat; sales soar 186% in a year

Byju's to pay $1 billion for Blackstone-backed Aakash Educational Services

Aakash Educational Services runs Aakash Institute, which has over 200 brick and mortar centers and tutors students to gain entry into the country's elite engineering and medical schools

India will rival US in churning out internet tech cos: Rise Capital founder

In a Q&A, Nazar Yasin dwells why he left Tiger Global, and how Rise Capital stood out from the crowd with its focus on emerging markets and Indian regulatory changes

How the dreams of thousands of Ola and Uber drivers are turning sour

Once app-based cab aggregators became popular and their driver population burgeoned, they pruned incentives and began charging drivers hefty commissions. The pandemic only made matters worse

B2B platform Fashinza raises $100 mn in funding led by Prosus, Westbridge

Fashinza will utilize the funds towards creating a sustainable supply chain for the global fashion industry and in expanding the company's presence globally.

ParallelDots raises $4.5 mn in Series A round led by Btomorrow Ventures

Firm will use proceeds for product innovations leveraging evolving technology, and harness the power of AI to help CPG makers grow and navigate digital disruption better

Over 10 Indian start-ups may mop up at least $10 billion in IPO rush

Market boom, success of global start-ups key drivers

Byju's in talks to raise up to $700 mn, valuation may cross $15 bn

The funding is expected to help Byju's to fund its acquisitions, including the up to $700 million deal to buy Aakash Educational Services, according to sources

Byju's in talks to acquire US-based reading platform Epic: Report

Deal could help acquirer deepen US footprint. Epic's platform has 40,000 popular, high-quality books from 250-plus publishers. It aims to fuel curiosity and reading confidence in kids 12 and under