Page 2 - Start Ups

Programming platform CodeChef hives off from Unacademy amid funding crunch

Firm will now function as an independent unit run by its current team; Unacademy will, however, hold 30% in it as an investor, has also infused some capital to help it run for next 12-18 months

EV startup Lucid to lay off around 1,300 employees in upcoming months

Electric vehicle (EV) startup Lucid announced that it is laying off around 1,300 of its employees or 18 per cent of its workforce, within the upcoming months

80% of early-stage start-ups looking to expand workforce in 2023: Report

These enterprises, the study by Ficci and Randstad says, are well capitalised and have raised series A and B funding rounds

Four in every five early-stage start-ups in India want to hire more in 2023

15.79 per cent of these start-ups want to keep their headcount unchanged: FICCI - Randstad Start-up Hiring Trends Survey

Fintech start-up Nimbbl raises $3.5 mn to improve market presence

Company says more than 4,000 merchants use its one-click payment checkout solution

Apparel supply chain start-up Fashinza raises $30 mn in business funding

B2B platform connects small and medium enterprises directly to fashion brands across the world

HR tech start-up InCruiter partners with Taggd to speed up hiring

Company's product helps in conducting interviews and selecting talent for IT and non-IT roles

Finance Bill 2023: Angel tax another hiccup for start-ups amid funding woes

However, the Finance Ministry said that all concerns raised by stakeholders in implementing this proposal would be addressed

No thaw seen in start-up funding winter despite 231 deals this year

India-focused VCs sitting on dry powder worth $12.88 bn, highest in 7 yrs

Agritech startup Sorted raises over $5 mn as seed funding to grow business

Sorted will enable access of straight-from-the-farmers, quality fruits & vegetables, at a highly competitive price, to customers through the medium of their choice call, message, online or offline

IIM-A incubation platform to invest in 50 new start-ups over a year

CIIE.CO says it has a record of helping 1,200 start-ups and investing in 350 of them

20 women-led startups in pipeline to become unicorn, finds a study

Around 18 per cent of India's unicorn startups are founded or co-founded by women and 20 other firms are in pipeline to become unicorn, a joint study said on Tuesday.

IFSCA committee to explore ways to bring home Indian start-ups

The terms of reference for the committee include measures required to encourage the Indian fintech and startups domiciled abroad to relocate to GIFT IFSC

Fundraising woes remain for fintechs in the face of a revival of big bets

Experts say that investors are now cautiously optimistic, albeit more selective with their bets

ESOPs: Market regulator Sebi could tweak regulations for start-ups

Sebi does not want founders to own stock options if they have rights akin to those enjoyed by promoters, the sources with direct knowledge of the matter said

Indian startups have deposits of about $1 bn in SVB: Deputy IT minister

Indian startups had deposits worth about $1 billion with embattled Silicon Valley Bank and the country's deputy IT minister said he had suggested that local banks lend more to them going ahead

ADIA to invest $500 mn in Lenskart, hold 10% stake in eyewear retailer

The fundraise was done at a $4.2 billion valuation, according to the sources. It will result in ADIA becoming one of the largest shareholders in Lenskart with a 10 per cent stake, say sources

Defence start-up Hyper Stealth Technologies bags first order under iDEX

Hyderabad-based HSTPL has got an order from Indian Army for Integrated Mobile Camouflage System

India adds 23 unicorns in 2022, overtakes China for 2nd consecutive year

Despite the overall softening, a few areas continued to offer hope -- SaaS funding remained in line with 2021 highs and early-stage deal making saw sustained momentum

Funding woes remain for Indian fintechs despite revival of big bets

Investments among fintech start-ups in India saw a decline of 47% YoY in 2022 at $5.65 billion, compared to $10.7 billion the previous year